scholarly journals Resource–Economic Growth Nexus, Role of Governance, Financial Development, Globalisation and War: Dynamic Approach

2019 ◽  
Author(s):  
Sorush Niknamian
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Financial Development ◽  
Time Series Data ◽  
Good Governance ◽  
Series Data ◽  
Negative Effect ◽  
The Government ◽  
Rich Countries

This study reassesses the resource–economic growth nexus by incorporating several channels. Advanced panel time series techniques are used to analyse panel time series data from 1980 to 2015 in 31 oil-rich countries. Results show that oil rent augments economic growth; thus, oil rent is conducive rather than impediment for economic growth. The role of governance in economic growth is significant in the selected countries. Oil rent exerts a positive significant impact on economic growth in countries with good governance compare to countries with poor governance. Financial development is an unimportant channel in the resource–growth nexus because FD is often unable to mobilise oil rent from the government to the private sector in oil-rich countries. Globalisation is advantageous for countries and promote economic growth. Moreover, war exerts a significant negative effect on growth in the long term.

Resource–Economic Growth Nexus, Role of Governance, Financial Development, Globalisation and War: Dynamic Approach

2019 ◽  
Author(s):  
Sorush Niknamian
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Financial Development ◽  
Time Series Data ◽  
Good Governance ◽  
Series Data ◽  
Negative Effect ◽  
The Government ◽  
Rich Countries

This study reassesses the resource–economic growth nexus by incorporating several channels. Advanced panel time series techniques are used to analyse panel time series data from 1980 to 2015 in 31 oil-rich countries. Results show that oil rent augments economic growth; thus, oil rent is conducive rather than impediment for economic growth. The role of governance in economic growth is significant in the selected countries. Oil rent exerts a positive significant impact on economic growth in countries with good governance compare to countries with poor governance. Financial development is an unimportant channel in the resource–growth nexus because FD is often unable to mobilise oil rent from the government to the private sector in oil-rich countries. Globalisation is advantageous for countries and promote economic growth. Moreover, war exerts a significant negative effect on growth in the long term.

scholarly journals The Influence Of Small Micro Industries On Economic Growth

JEJAK ◽  
2019 ◽  
Vol 12 (2) ◽  
pp. 318-326
Author(s):  
Rohadin Rohadin ◽  
Yanah Yanah
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Financial Institutions ◽  
Time Series Data ◽  
Series Data ◽  
Growth Data ◽  
Capital Access ◽  
The Government ◽  
Analyze Data

The purpose of this study to determine whether SMEs have a role to economic growth and how big the role of SMEs to economic growth in Indonesia. Types of data used are time series data i.e SMEs data and Economic growth data from year 2003 until 2018 in Indonesia.Tool of analyze data used in this research is multiple linear regression. The result of analysis shows that the influence between of SMEs on economic growth in Indonesia is only 12,5%, it means that Small Micro Entreprises do not have a significant influence on economic growth in Indonesia, government to accelerate the development of SMEs in Indonesia in order to contribute to economic growth as in the economic crisis that occurred in 1998 SMEs are able to survive when many large companies are bankrupt. This may be caused by SMEs owners and workers in SMEs do not pay taxes to the government so that not much contribute to the economic growth of the Indonesia. In order for SMEs to contribute to economic growth, must export their products to other countries and support from the government is needed to facilitate SMEs in obtaining capital access from financial institutions.

scholarly journals Financial Development, Remittances Inflows and Economic Growth in Nigeria: A Time Series Analysis

2020 ◽  
pp. 37-43
Author(s):  
Eric Olabode Olabisi ◽  
Sunday Oseiweh Ogbeide
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Financial Development ◽  
Time Series Data ◽  
Financial Institution ◽  
Series Data ◽  
Significant Variable ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
The Government

This study examines whether financial development promotes remittances inflows and Nigerian economic growth. Using a time-series data for a period of 1985-2017, the Autoregressive Distributed Lag (ARDL) technique was employed. The results suggest that financial development in Nigeria exerted no significant impact on economic growth. It is an indication that financial development is not a significant variable for promoting remittances inflows into Nigeria. However, the study concludes that remittances inflows are a substitute for promoting individual’s financial business opportunities and economic growth. The study therefore recommends that the government should strengthen the Nigeria financial institution, and also institute a financial reform initiative that can enhance financial security as well as ease of accessing remittances inflows.

scholarly journals CAN REMITTANCES BOOST TAX REVENUES IN ZIMBABWE? A SECONDARY QUARTERLY TIME-SERIES ANALYSIS

2021 ◽  
Vol 9 (2) ◽  
pp. 128-144
Author(s):  
Michael Takudzwa Pasara ◽  
◽  
Michael Zuze ◽  
Keyword(s):  
Time Series ◽  
Time Series Data ◽  
Good Governance ◽  
Value Added ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Tax Revenue ◽  
Tax Revenues ◽  
Main Challenge ◽  
The Government

The study applied the ordinary least squares (OLS) technique on quarterly time-series data to analyze if remittances can boost tax revenue in Zimbabwe. The main challenge faced in Zimbabwe is the insufficient tax revenues to finance growing public spending needs. Results indicate that the share of remittances both in the current and lagged period significantly influenced income tax revenue and the volume of manufacturing. Trade openness was found to be insignificant. Similar results were also observed for the variables when value-added tax to total revenue was the dependent variable. When lagged variables were taken into account, results showedthat only remittances were significant. Thus, increased remittance inflows have significant potential to generate more taxes for the government through income and consumption taxes. The study recommends the creation of platforms, which stimulate and attract more remittances, such as reducing costs of sending remittances through formal channels. Secondly, good governance and quality institutions provide appropriate economic environment and growth policies. Economic growth fosters increased and sustainable tax due to an increased tax base.

scholarly journals PENGARUH KUNJUNGAN WISATAWAN DAN RATA-RATA PENGELUARAN WISATAWAN TERHADAP PAD DAN PERTUMBUHAN EKONOMI PROVINSI BALI

2021 ◽  
pp. 511
Author(s):  
I Gede Dea Joendra Septyana Putra ◽  
Ni Luh Karmini ◽  
I Wayan Wenagama
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Secondary Data ◽  
Data Sources ◽  
Series Data ◽  
Local Revenue ◽  
Analysis Technique ◽  
Secondary Data Sources

This study aims to analyze the effect of the number of tourist visits and the average tourist expenditure on the local income of Bali Province, to analyze the effect of the number of tourist visits, average tourist expenditure, and local income on the economic growth of Bali Province, and to analyze the role of income. native areas in mediating the effect of the number of tourist visits and the average tourist expenditure on the economic growth of Bali Province. The data used in this research is secondary data, with the method of observation by observing documents or secondary data sources that are related. This study uses time series data with a total of 30 years of observations from 1990-2019, with the analysis technique used is Path Analysis. This study shows the results that the number of tourist visits and the average tourist expenditure have a positive and significant effect on local income in Bali Province. The number of tourist visits, the average tourist expenditure and local revenue have a positive and significant effect on economic growth in Bali Province. Own-source revenue mediates the effect of the number of tourist visits and the average tourist expenditure on economic growth in Bali Province.

scholarly journals A Comparative Analysis Of Capital Expenditure On Infrastructure And Economic Growth In Nigeria And South Africa

2020 ◽  
Vol 8 (3) ◽  
pp. 53-64
Author(s):  
R. K. Ayeni ◽  
Ireti Olamide Olasehinde
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Time Series Data ◽  
Good Governance ◽  
Capital Expenditure ◽  
Specific Model ◽  
Series Data ◽  
Infrastructural Development ◽  
The Government ◽  
The Impact

Nigeria and South Africa are two dominating economies in Africa but defer in terms of infrastructural development. The question of whether this infrastructural difference culminate to the difference in economic growth in the two economies is central to this study. This paper therefore, examined the impact of capital expenditure on infrastructure and economic growth both in Nigeria and South Africa using time series data from 1980 to 2016.  Autoregressive Distributed Lag (ARDL) Bound tests technique of cointegration was used to on country-specific model of aggregate expenditure, following the Keynesian theory. The result showed that there is a the long-run relationship among the variables used in Nigeria and South Africa.  Capital expenditure on infrastructure has positive but insignificant impact on economic growth in Nigeria while it was positive and significant on the economic growth in South Africa.  The insignificant impact of capital expenditure on infrastructure on economic growth compare with South Africa may be the major difference in the two economies. This is traceable to lack of accountability and corruption in Nigeria compared to the good governance that truncated corruption and mismanagement in the government circle in South Africa. Tax base has positive and significant impacts on the economic growth in these two countries, this was supported by the Pairwise Granger Causality in which TAX granger caused economic growth in both countries. The study recommends injection of sufficient fund into infrastructural development in Nigeria. AS tax contributed positively to economic growth in both economies, it is recommended that tax revenue realized should be judiciously spent by providing the necessary amenities to discourage evasion of tax.

The Role of Financial Development in Economic Growth of Nepal: ARDL Approach of Cointegration with Structural Break Analysis

2020 ◽  
Vol 3 (4) ◽  
Author(s):  
Ramesh C. Paudel ◽  
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Time Series Data ◽  
Financial Institution ◽  
Structural Break ◽  
Series Data ◽  
Distributed Lag ◽  
Long Run ◽  
Ardl Approach

This paper, using the most recent index of financial development as developed in Svirydzenka (2016), examines the role of financial development in the economic growth of Nepal. This paper employs the Autoregressive distributed lag (ARDL) approach of cointegration with the structural break in time series data for the period of 1980-2017. Nepal is a unique country with a population of about 30 million with high demographic dividend and big markets in the neighbours, the earlier entrant in the liberalization and reform in the region, endowed with lots of natural resources and beauties, and comparatively cheaper labor force in the region but it remains as one of the poor landlocked developing countries sandwiched between two emerging economies, namely China and India. The results show that financial development has a strong long-run positive relationship with economic growth. Therefore, developing the strategies for the proper financial development improving the financial institution quality and widening the financial market to improve capital formation would be a way to accelerate the economic growth in Nepal.

scholarly journals Pakistan's Growth Empirics and Foreign Direct Investment: An Assessment of the Role of Domestic Financial Sector

2021 ◽  
Vol 7 (2) ◽  
pp. 357-367
Author(s):  
Noreen Safdar ◽  
Ruqia Shaheen ◽  
Fouzia Yasmin ◽  
Naureen Afzal
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Time Series Data ◽  
Financial Sector ◽  
Series Data ◽  
Development Index ◽  
Financial Development Index

Purpose: This reseach endeavours to investigate the role of fiancial sector in determining the foreign direct inflows in pakistan. Design/Methodology/Approach: Autoregressive Distributed Lag Model is applied to conclude the nature of linear association among the variables, in this study, we have used time series data over the period 1980-2019 of Pakistan. A financial development index has been created to illustrate the financial development by using Principle Component Analysis (PCA). Robustness of the relation among variables is also checked, and incorporated this in the empirical model. Findings: The findings described very interesting implications, by exhibiting a positive association among FDI and economic growth in the presence of financial sector indicators. These conclusions hold notwithstanding in the presence or absence of Financial development Index. Therefore, the presence of strong financial sector is necessary to attract FDI and to smoothen the economic growth process.Implications/Originality/Value: The role of fiancial sector is indespensible in determining the economic activity. In addition to this, research at hand explore the inclusive nature of the relationships among foreign direct investment (FDI), Financial sector, and economic growth. It exhibits a reflection of the various sources of economic growth.

scholarly journals GLOBALISASI EKONOMI DAN PENGANGGURAN: STUDI KASUS INDONESIA

2021 ◽  
Vol 10 (3) ◽  
pp. 263
Author(s):  
Ari Setyawan ◽  
I Wayan Suparta ◽  
Neli Aida
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Unemployment Rate ◽  
Time Series Data ◽  
Economic Globalization ◽  
Series Data ◽  
Real Wages ◽  
Short Term ◽  
The Government

ABSTRACTThis study aims to examine the effect of economic globalization on the unemployment rate in Indonesia and the relationship of other macroeconomic variables such as economic growth, inflation rate, and real wage with unemployment. The data used is in the form of annual time series data from 1986 to 2018, whose research results are analyzed using the ARDL method. This study concludes that economic globalization can reduce the unemployment rate in Indonesia in the short term, although in the long term, it increases the unemployment rate. Economic growth and inflation in the short and long term have not been able to reduce the current unemployment rate, while the increase in real wages has reduced the unemployment rate in the short term, although not in the long term. By looking at these results, we need to be wary of economic globalization because economic globalization has a destructive impact in the long term. So that concrete and consistent efforts are needed from the government, the private sector, and other stakeholders so that Indonesia gets the maximum benefit from economic globalization, especially in job creation and reducing unemployment.JEL : B22, E22.Keywords : unemployment, economic globalization, economic growth, inflation, real wages. ABSTRAKPenelitian ini bertujuan melihat pengaruh tingkat globalisasi ekonomi terhadap tingkat pengangguran di Indonesia serta hubungan variabel makroekonomi lain seperti tingkat pertumbuhan ekonomi, tingkat inflasi dan tingkat upah riil dengan tingkat pengangguran. Data yang dipergunakan berupa data time series tahunan dari periode 1986 hingga 2018 yang hasil penelitiannya dianalisis menggunakan metode ARDL. Kesimpulan penelitian ini yaitu globalisasi ekonomi mampu mengurangi tingkat pengangguran di Indonesia dalam jangka pendek meskipun dalam jangka panjang malah meningkatkan tingkat pengangguran. Pertumbuhan ekonomi dan inflasi baik dalam jangka pendek dan jangka panjangnya belum mampu menurunkan tingkat pengangguran yang ada sedangkan naiknya upah riil mampu menurunkan tingkat pengangguran dalam jangka pendek meskipun tidak dalam jangka panjang. Dengan melihat hasil ini, kita perlu waspada terhadap globalisasi ekonomi karena globalisasi ekonomi ini memiliki dampak buruk dalam jangka panjang sehingga dibutuhkan upaya kongkrit dan konsisten baik dari pemerintah, swasta maupun para stakeholder lain agar Indonesia memperoleh manfaat yang sebesar-besarnya dari globalisasi ekonomi khusunya dalam upaya penciptaan lapangan kerja dan mengurangi pengangguran.

scholarly journals DISPARITAS PEMBANGUNAN DAN FAKTOR-FAKTOR YANG MEMPENGARUHINYA (STUDI KASUS DI DAERAH SUMBAGSEL)

2007 ◽  
Vol 1 (1) ◽  
pp. 21
Author(s):  
Daryono Soebagiyo
Keyword(s):  
Time Series ◽  
Regional Development ◽  
Correlation Coefficient ◽  
Time Series Data ◽  
Influence Factors ◽  
Series Data ◽  
Government Revenue ◽  
The Government

This is well illustrated by recent research into inter-regional development growth disparities. Some researchers have followed the Neoclassical route, emphasizing the role of the Williamson Index, and then can be expressed relationship in general form that in regression and correlation coefficient analysis involving time series data. The objectives of this research was to preview the classification development of disparities and influence factors in the late five years during 1992-1996, case study in SUMBAGSEL. The Analysis can be calculated to measure the government revenue, income regional and contributed tax sectors.

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