scholarly journals IMPACT OF TRADE LIBERALIZATION ON ECONOMIC DEVELOPMENT IN NIGERIA BASED ON ARDL APPROACH

2019 ◽  
Vol 4 (1) ◽  
pp. 122-124
Author(s):  
SUNDAY ELIJAH ◽  
AHMED BALARABE MUSA
Keyword(s):  
Economic Development ◽  
Trade Liberalization ◽  
Data Availability ◽  
Total Output ◽  
Closed Economy ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Ardl Approach ◽  
Employment Generation ◽  
Favourable Environment

This research examined trade liberalization as one of the drivers of economic development between 1986 – 2016, according to World Development Report, irrespective of under unfavourable or favourable environment, open economies perform better compared with closed economy. It is acceptable standard that trade liberalization brings about employment generation, income creation, resource production, large total output improvements and relaxation or removal of foreign trade limitations (Nnadozie, 2013). Empirical researches was done in Nigeria on relationships between trade and economic development (Ehinomen & Da’silva, 2014)(Ezeuchenne, 2017) they had varied findings because of poor coverage, different techniques and sample size, therefore the need for empirical investigation; the period of choice was because of data availability. Autoregressive Distributed Lag(ARDL) was used as research econometric tool. The study findings revealed that trade liberalization did not cause growth during the period of the study.

scholarly journals Investment Portfolio, Democratic Accountability, Poverty and Income Inequality Nexus in Pakistan: A Way to Social Sustainability

2021 ◽  
Vol 13 (11) ◽  
pp. 6411
Author(s):  
Muhammad Shahid Hassan ◽  
Haider Mahmood ◽  
Muhammad Ibrahim Saeed ◽  
Tarek Tawfik Yousef Alkhateeb ◽  
Noman Arshed ◽  
...  
Keyword(s):  
Income Inequality ◽  
Social Sustainability ◽  
Data Availability ◽  
Democratic Accountability ◽  
Investment Portfolio ◽  
Economic Activities ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Short Run

Institutions help to streamline the economic activity-related procedures, where government intervention might be involved. Institutions also play a significant role in social sustainability. The findings using the Autoregressive Distributed Lag approach to cointegration for the period from 1984–2019 reveal that investment portfolio and democratic accountability reduce poverty in Pakistan both in the long and short run. Moreover, democratic accountability helps to reduce income inequality, but the investment portfolio’s role is not significant. The literacy rate helps to reduce income inequality, and inflation increases poverty and income inequality. The remittances increase income inequality, and urbanization increases poverty. To eradicate poverty and income inequality, the governments should be accountable for their actions to the general public while they remain in power. If they do not deliver as per their manifestoes, they will not be reelected in the next election. Moreover, there is a dire need to redefine the role of an investment portfolio to reduce the risk of investment. So, investments would increase economic activities and could reduce poverty and income inequality. This study contributes to the literature by inquiring about the role of the investment portfolio and democratic accountability in social sustainability by reducing poverty and income inequality. This study only considers Pakistan’s economy due to limitations of poverty data availability in other countries. The scope could further be broadened by accessing data for a wider Asia region to test the role of the investment portfolio and democratic accountability to reduce poverty and income inequality.

Factors Determining Gold Prices in Malaysia

2019 ◽  
Vol 1 (2) ◽  
pp. 75-82
Author(s):  
Anis Mat Dalam ◽  
Noorhaslinda Kulub Abd Rashid ◽  
Jaharudin Padli
Keyword(s):  
Crude Oil ◽  
Time Series Data ◽  
Oil Prices ◽  
Series Data ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Crude Oil Prices ◽  
Inflation Rates ◽  
Ardl Approach ◽  
Gold Reserve

Gold is a valuable asset to a country because of its liquidity. Gold reserve can stabilize the currency in a country. The objective of this paper is to identify the factors contributing to the volatility of gold prices, such as Real Malaysia GDP, inflation rates, crude oil prices and exchange rates. The data was analysed using Autoregressive Distributed Lag (ARDL) approach with time series data, with 30-year coverage from 1987 to 2016. Findings showed that only Real Malaysia GDP and crude oil prices were significantly related to gold prices. As a conclusion, this study can be used as reference by other investors. The author suggests to other researchers to further improve upon this study by adding more variables or diversifying the variables that relate to volatility of gold prices.

SHORT-RUN AND LONG-RUN IMPACT OF INFLATION, UNEMPLOYMENT, AND ECONOMIC GROWTH TOWARDS POVERTY IN INDONESIA: ARDL APPROACH

2019 ◽  
Vol 2 (1) ◽  
pp. 15
Author(s):  
Ahmadi Murjani
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Macroeconomic Variables ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
The Government ◽  
The Impact

 Poverty alleviation has become a vigorous program in the world in recent decades. In line with the efforts applied by the government in various countries to reduce poverty, some evaluations have been practised. The impacts of macroeconomic variables such as inflation, unemployment, and economic growth have been commonly employed to be assessed for their impact on the poverty. Previous studies in Indonesia yielded mix results regarding the impact of such macroeconomic variables on the poverty. Different methods and time reference issue were the suspected causes. This paper aims to overcome such problem by utilising the Autoregressive Distributed Lag (ARDL) equipped with the latest time of observations. This paper finds in the long-run, inflation, unemployment, and economic growth significantly influence the poverty. In the short-run, only inflation and economic growth are noted affecting poverty significantly. 

scholarly journals The Linkage Among Sea Transport, Trade Liberalization and Industrial Development in the Context of CO2: An Empirical Investigation From China

2021 ◽  
Vol 9 ◽  
Author(s):  
Salih Kalaycı ◽  
Cihan Özden
Keyword(s):  
Carbon Dioxide ◽  
Trade Liberalization ◽  
Industrial Development ◽  
Carbon Dioxide Emission ◽  
Least Square ◽  
Ordinary Least Square ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Sea Transportation ◽  
Bound Test

The major goal of this paper is to focus on the linkage between sea transportation, trade liberalization and industrial development in the context of carbon dioxide emission. With this respect, it is attempted to analyze the effects of independent variables on the dependent variable carbon dioxide emission for China by using annual data ranging from 1960 to 2019 with the help of econometric methods such as fully modified least square, dynamic ordinary least square, canonical co-integrating regression, autoregressive distributed lag bound test and generalized moments method. According to the results of fully modified least square, dynamic ordinary least square and canonical co-integrating regression models, there is a significant long-term relationship between sea transportation, trade liberalization, industrial development and carbon dioxide emissions. On the other hand, short term autoregressive distributed lag bound test estimation results reveal that the main determinants of carbon dioxide emission in the short-run are industrial development and sea transportation. The empirical tests reveal important results for policy-makers in China.

scholarly journals The Relationship between Economic Development and Fatal Occupational Accidents: Evidence from Turkey

2017 ◽  
Vol 64 (1) ◽  
pp. 19-31 ◽  
Author(s):  
Olcay Çolak ◽  
Serap Palaz
Keyword(s):  
Economic Development ◽  
Occupational Accidents ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
Lag Model ◽  
The Relationship

Abstract Occupational accidents are among the most important issues of the agenda of working life in Turkey recently. Recently the causes and consequences of occupational accidents which are related to human, occupational and environmental factors have received great attention from the researchers but it has been paid little attention to focused on economic factors. The purpose of this paper is to make a contribution to redressing this gap by examining the relationship between fatal occupational accidents and economic development over the period of 1980 to 2012 for Turkey. In this context, bounds testing approach which is also known as autoregressive distributed lag model is performed. The results indicate the existence of positive relationship between gross domestic product per capita and fatal occupational accidents in the short-run while in the long run this turns out to be in a negative way via economic growth and changes in structure of the economy.

scholarly journals Determinants of Money Supply in Nigeria

2021 ◽  
pp. 181-199
Author(s):  
Aderopo R. Adediyan
Keyword(s):  
Money Supply ◽  
Financial Liberalization ◽  
Financial Sector ◽  
Money Multiplier ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Ardl Approach ◽  
Reserve Ratio

Studies on money supply determinants focus on the Classicists or Monetarists, Keynesians and post-Keynesians variables like income and money multiplier. This research extends the literature on money supply determinants to include the influence of financial liberalization on money supply with a reference to Nigeria between 1980 and 2019, using the Autoregressive Distributed Lag (ARDL) approach. Data used for the study were collected from the 2019 CBN Annual Statistical Bulletin. The study found that financial liberalization is an important factor in determining money supply in Nigeria, in addition to currency ratio, required reserve ratio and high-powered money. As a result, the extent of the liberalization of the financial sector matters in decisions on the regulation of money supply in the economy.

scholarly journals The Effect of Institutional Quality on the Balance of Payments in African Countries. A Comparative Study

2021 ◽  
Vol 13 (7) ◽  
pp. 55
Author(s):  
Ashraf Helmy
Keyword(s):  
Economic Development ◽  
Balance Of Payments ◽  
Institutional Framework ◽  
African Countries ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Level Of Economic Development ◽  
International Transactions

This study tries to examine the effect of the quality of the institutional framework on the accounts of the balance of payments in a sample of African countries (28 countries) and a sample of countries occupying advanced positions in international economics (15 countries) to determine different indicators of the institutional framework that affect the balances of the current and financial accounts of the balance of payments in the two sample countries through the period 2002-2019. The study applied the panel autoregressive distributed lag (ARDL) model, Akaike info criterion (AIC), to determine the short- and long-run relationships. The empirical findings illustrate that the institutional indicators that support the current accounts of the balance of payments, in the long run, are not the same that support the financial accounts of the balance of payments of African countries. In addition, the effect of institutional indicators on international transactions is related to the level of economic development, where the effect of institutional indicators on countries with relatively low levels of economic development is more powerful than their effects on countries with advanced levels of development. Thus, the low quality of the institutional framework is considered an important impediment to the development of international transactions in African countries.

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