scholarly journals Effects of cost of transportation, external capital funding and prices of some selected staple food production on economic growth in Nigeria

2020 ◽  
Vol 3 (2) ◽  
pp. 19-41
Author(s):  
John Afaha ◽  
◽  
Jolaoluwa Agbaje ◽  
Keyword(s):  
Economic Growth ◽  
Food Production ◽  
Negative Impact ◽  
Series Data ◽  
Staple Food ◽  
Capital Funding ◽  
External Capital ◽  
Staple Foods ◽  
Net Export ◽  
Cost Of Transportation

Investigating the effect of cost of transportation, external capital funding and price of some selected staple food production on economic growth in Nigeria is the objective of the study. Time series data were sourced from the Food and Agricultural Organization online database 2020, covering periods of 1980 -2019. The Autoregressive Distributed Lag (ARDL) methodology was adopted. The result of the analysis shows that the current period of the Net export earnings and price of selected staple foods has a positive and significant impact on Economic growth while Exchange rate, cost of transportation, Foreign direct investment has a significant but negative impact on Economic growth. Evidently, the Prices of selected staple foods and Net export earnings occupy vital positions in the economy and thus its activities must remain under constant review and analytical spotlight. Increased efficiency in the agriculture sector and promoting foreign trade is essential and recommended for rapid growth.

Relationship between Budget Deficit and Economic Growth: Evidence from Ethiopia

2021 ◽  
Vol 2 (2) ◽  
pp. 10-15
Author(s):  
Desalegn Emana
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Budget Deficit ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Negative Relationship ◽  
Nominal Exchange Rate ◽  
Series Data ◽  
Long Run

This study examined the relationship between budget deficit and economic growth in Ethiopia using time series data for the period 1991 to 2019 by applying the ARDL bounds testing approach. The empirical results indicate that budget deficit and economic growth in Ethiopia have a negative relationship in the long run, and have a weak positive association in the short run. In line with this, in the long run, a one percent increase in the budget deficit causes a 1.43 percent decline in the economic growth of the country. This result is consistent with the neoclassical view which says budget deficits are bad for economic growth during stimulating periods. Moreover, in the long run, the variables trade openness and inflation have a positive impact on Ethiopian economic growth, and on the other hand, the economic growth of Ethiopia is negatively affected by the nominal exchange rate in the long run. Apart from this, in the long run, gross capital formation and lending interest rates have no significant impact on the economic growth of the country. Therefore, the study recommends the government should manage its expenditure and mobilize the resources to generate more revenue to address the negative impact of the budget deficit on economic growth.

scholarly journals ANALISIS DETERMINASI PERTUMBUHAN EKONOMI PROVINSI JAMBI

2018 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Ali Fahmi
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Capital Investment ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Least Square ◽  
Series Data ◽  
Ordinary Least Square ◽  
Investment Capital

This research aims to analyze the effect of government spending, investment of foreign capital investment, capital investment In Land and labor against growth of Jambi province during the 2004-2015. This research using Time Series data with regression analysis "Ordinary Least Square (OLS) wear EViews 8.  The findings from this research indicate that Labor become the most variable gives a positive impact against the next economic growth, government spending and investment, while investing PMDN PMA gives negative impact on The Economic Growth Of The Province Of Jambi. PMA investment posit no impact and no signikan against economic growth this is not prevalent, but it is possible the investment PMA in Jambi province is relatively small and still no impact in the absorption of the local Workforce. Menyikapai is an effort to boost the Economic growth of the Province of Jambi then needed a special business development policies should be directed at the activities that are labor-intensive to absorb labor as much as possible. Keywords: economic growth, government spending, PMA, the PMDN, and labor.

scholarly journals THE IMPACT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA: A DYNAMIC ECONOMETRIC APPROACH

2021 ◽  
pp. 16-40
Author(s):  
Comfort Akinwolere Bukola ◽  
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Exchange Rate Volatility ◽  
Series Data ◽  
Balance Of Trade ◽  
Econometric Approach ◽  
The Impact

This study examined the impact of exchange rate volatility on economic growth in Nigeria. The study covers the period of 1986 to 2019. Using time series data, the methodology adopted is the Vector Error Correction Mechanism to explore the impact of exchange rate volatility on the selected macroeconomic variables. The result indicated that exchange rate volatility has a significant impact on economic growth, specifically it has a positive impact on inflation, unemployment and balance of trade. On the other hand it has a negative impact on economic growth and investment. The recommendations made include; that relevant authorities should try to avoid systematic currency devaluations in order to maintain exchange rate volatility at a rate that allows adjustment of the balance of payments.

Impact of Foreign Capital on Economic Development in India: An Econometric Investigation

2017 ◽  
Vol 18 (3) ◽  
pp. 766-780 ◽  
Author(s):  
Kalpana Sahoo ◽  
Narayan Sethi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Capital ◽  
Negative Impact ◽  
Positive Impact ◽  
Private Investment ◽  
Series Data ◽  
Domestic Investment ◽  
Long Run ◽  
Foreign Private Investment

The present study empirically investigates the long-run causal relationship between foreign capital and economic development in India by using the annual time-series data from 1990–1991 to 2013–2014. The study uses some selected macroeconomic variables such as per capita government expenditure on education (PcGEE, as an indicator of economic development), gross domestic product (GDP, as an indicator of economic growth), gross capital formation (GCF, as an indicator of domestic investment), official development assistance (ODA, as an indicator of foreign official inflows) and foreign direct investment (FDI, as an indicator of foreign private investment) for its empirical analysis. By using the cointegration test and the vector vector-error correction model (VECM) technique, this study finds that in the long run, domestic investment has shown a significant and positive impact on economic development, whereas, ODA, FDI and GDP have shown a significant negative impact on it. It concludes that domestic investment, foreign capital along with economic growth have a significant impact on economic development in India in long run. It suggests that the national developmental policy of India should focus on the productive utilization of both domestic and foreign capital along with it should give emphasis on effective transformation of growth benefits towards development process.

scholarly journals The Effects of External Debts on Economic Growth of Kyrgyzstan

2017 ◽  
Author(s):  
Tolkun Zhumakunova ◽  
Zhainagul Kydyralieva
Keyword(s):  
Economic Growth ◽  
Soviet Union ◽  
Foreign Currency ◽  
Time Series Data ◽  
Negative Impact ◽  
Empirical Studies ◽  
Foreign Debt ◽  
Series Data ◽  
Least Squares Regression ◽  
Adf Test

In developing countries, insufficient internal sources cause the increase of need on external sources. These countries in order to maintain their economic growth apply for external debt to cover the gap of foreign currency and savings. After the collapse of Soviet Union, Kyrgyzstan began to use external funds. It is very important to use these sources in accurate areas and efficiently. Most empirical studies indicate a negative correlation between foreign debt and economic growth, especially in those countries whose foreign debts are relatively high. This work examines the correlation between foreign debt and economic growth in Kyrgyz economy. Toward this objective, it uses the economic indicators of Kyrgyzstan between 1993 and 2015. The stationarity of time series data used in this study was tested by the ADF test. Than a least-squares regression analysis is performed. According to the findings of study, foreign debt in Kyrgyzstan have a negative impact on economic growth. According to results foreign debt should be reduced in order to increase the level of economic growth in Kyrgyzstan.

scholarly journals Impact of Industrial Hollowing on Regional Economic Growth Rate: An Empirical Analysis based on Shanghai’s Data

2018 ◽  
Vol 14 (22) ◽  
pp. 223
Author(s):  
Yajie Bai ◽  
Maoguo Wu
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Time Series Data ◽  
Negative Impact ◽  
Empirical Test ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Producer Price ◽  
Economic Growth Rate ◽  
Labor Resources

The relation between industrial hollowing-out and Shanghai’s economic growth rate was analyzed by using ordinary least squares and ECM regression model. Data used in the empirical test was a monthly time series data from January 2003 to February 2017. Empirical results show Industrial producer price index, and the total amount of imports has a positive relationship with economic growth rate. However, fixed asset investment, land use cost, and labor resources cost have a negative impact on economic growth rate.

scholarly journals Impact of Trade Openness on Economic Growth: A Case Study of Pakistan'

2017 ◽  
Vol 3 (1) ◽  
pp. 57-68
Author(s):  
Rashid Ahmad ◽  
Kashif Raza ◽  
Sobia Saher
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Negative Impact ◽  
Trade Openness ◽  
Capital Formation ◽  
Fixed Capital ◽  
Series Data ◽  
Fixed Capital Formation ◽  
The Impact

Purpose: This paper estimates the impact of trade openness and economic growth in Pakistan by using time series data from period of 1975-2014. Econometric method was applied to estimate the impact of trade openness on economic growth. Gross fixed capital formation (proxy of investment), Foreign direct investment, Imports, Exports & trade openness (proxy of trade openness to check the volume of trade of a country) is used as explanatory variables while gross domestic product is treated as dependent variable in this study. Johansson co. integration approach developed by Johannes & Jeslius (1988) is used to evaluate the long run relationship among variables in this study. The results suggest that trade openness, imports, exports and foreign direct investment cast have positive impact on economic growth while on the other hand; gross fixed capital formation &labor force has negative impact on economic growth.

scholarly journals The Nexus Between Monetary Policy and Economic Growth in Pakistan: Empirical Evidence Based on Bound Test Approach

2021 ◽  
Vol 4 (3) ◽  
pp. 613-624
Author(s):  
Mahmood Ul Hassan ◽  
Hina Ali ◽  
Saeed Ur Rahman ◽  
Sabiha Parveen
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Money Supply ◽  
Price Index ◽  
Negative Impact ◽  
Consumer Price Index ◽  
Domestic Product ◽  
Series Data ◽  
Bound Test

The objective of this research is to examine the monetary policy's impact on economic growth. Variables of study are Gross domestic product, Inflation, rate of interest, Exchange rate, Money supply, Investment, and Consumer Price Index and time series data is collected from. Gross domestic product is a dependent variable and all other variables are independent and have a great effect on the explanatory variable. In this study, the Augmented dicky fuller test is used to check out the stationarity of our selected variables and after that autoregressive distributed lag model co-integration technique is applied to estimate the parameters of the model. The result shows that inflation, interest rate, and consumer price index show a negative impact on gross domestic product. While other variables such as exchange rate, money supply, and investment show a positive impact on GDP. The study recommended that the desired level of output and employment can be attained by adopting sufficient strategies that reduce inflation in the economy.

scholarly journals The Relationship between Inflation and Economic Growth in Ethiopia

2018 ◽  
Vol 1 (3) ◽  
pp. 264-271
Author(s):  
Getachew Wollie
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Negative Impact ◽  
Threshold Level ◽  
Series Data ◽  
Developed Country ◽  
Policy Makers ◽  
Negative Effect ◽  
Policy Analysts ◽  
The Relationship

Since both inflation and economic growth are not a new concept rather their relationships are waited still now as a debatable issue among macro-economists, policy makers, policy analysts, politicians and even the population itself by giving their own analysis by conduct a research and assumption based on the trend as before. Basically, the aims of this seminar paper are to review the relationship between inflation and economic growth as well as to review the causes, sources, determinants and impacts of Ethiopian inflation. Most of the studies indicated above shown that, higher and volatile inflation is bad for the economy. On the other hand, lower and stable inflation is considered as a promoter of the economy. Then the question should focus on what level of inflation is harmful to economic growth? Many economists have made researches on estimating the threshold level of inflation using panel data for a number of countries and time-series data for single country cases and these researchers fix the threshold level of inflation for both developing and developed country. But in this seminar paper, quantifying or fix the exact number of threshold level of Ethiopian inflation and decide below this level inflation has a positive effect on growth and beyond this level it has negative impact on growth is very difficult by simply review previous literature without conducting actual research and make a deep analysis. Even if it is the case, based on the literature it is surely possible to conclude the inflation rate has a serious negative effect on the growth of one country’s economy especially in Ethiopia, if inflation has a double digit of an annual growth.

scholarly journals The Causality Between Industrial Development and Economic Growth: A Case of Pakistan

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Aaqib Qayyum ◽  
Nayab Khalid ◽  
Muhammad Usman
Keyword(s):  
Economic Growth ◽  
Industrial Development ◽  
Negative Impact ◽  
Industrial Sector ◽  
Energy Resources ◽  
Series Data ◽  
Industrial Construction ◽  
Times Series ◽  
Excessive Consumption ◽  
Adf Test

Industrial sector is the paramount factor in the development of economic growth. This study has analysed the industrial pantomime in case of Pakistan. Times series data has been used for 40 years, from 1980-2020. Initially the data has been checked for stationarity, by applying ADF, test which proved that, all the indicators are stationary at level. This confirms that, we are allowed to apply OLS regression analysis for the desired results. The study concluded that there has been positive and significant relationship between industrial construction and economy activity of Pakistan. Only factor that, induces negative impact on the economic growth, is the excessive consumption of energy resources; growth of electricity, gas and water supply. Foreign direct investment indicated negative association with the economy, but also gives the insignificant results.

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