Auto Regressive Distributed Lag Analysis of the Impact of Public Expenditure and Economic Growth in Nigeria

2018 ◽  
Vol 20 (9) ◽  
Keyword(s):  
Economic Growth ◽  
Public Expenditure ◽  
Distributed Lag ◽  
Auto Regressive ◽  
The Impact

scholarly journals The nexus between the economic growth and unemployment in Jordan

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Hala Hjazeen ◽  
Mehdi Seraj ◽  
Huseyin Ozdeser
Keyword(s):  
Economic Growth ◽  
Unemployment Rate ◽  
Urban Population ◽  
Empirical Finding ◽  
Female Population ◽  
Distributed Lag ◽  
Long Run ◽  
Auto Regressive ◽  
The Impact ◽  
The Relationship

AbstractThe main objective of this study is to investigate the impact of unemployment on Jordan's economy over the period 1991–2019. This study used the auto-regressive distributed lag (ARDL) model to investigate the relationship between the unemployment rate and the other variables. Also, we employ the ARDL bootstrap cointegration approach to examine the correlation and long-run relationship among the variables. The empirical finding indicated a long-run relationship between the unemployment rate, economic growth, education, female population, and urban population in Jordan. Our finding shows the negative linkage between economic growth and unemployment, and a positive relationship among the education, female population, and urban population and unemployment in Jordan.

scholarly journals Does Inflation have Effect on Economic Growth? Empirical Evidence from Pakistan

2020 ◽  
Vol 1 (1) ◽  
pp. 41-52
Author(s):  
Raima Nazar ◽  
Aisha Ambreen ◽  
Sumbal Sabtain
Keyword(s):  
Economic Growth ◽  
Inflation Rate ◽  
Negative Impact ◽  
Annual Data ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Lag Model ◽  
Auto Regressive ◽  
The Impact ◽  
Model Technique

Pakistan is one of the developing countries instead of possessing large amount of natural resources like mines, reserves of coal, adequate amount of minerals and oil, But, Pakistan is still deprived of basic necessities of life and suffering from extreme inflation in the country. Therefore, this study is an attempt to synopsis the impact of inflation on GDP of Pakistan. This study mainly focus on the inflation rate from the period 1980 to 2016, time series annual data has been employed in the study. The Auto Regressive Distributed Lag Model technique is applied in the study in order to estimate and analyze the data. The study concludes that inflation indicates negative impact on the GDP of Pakistan and it can only be minimized if all resources of the country are properly allocated and fully utilized.

Globalisation, Economic Growth and Income Inequality in Nigeria

2020 ◽  
Vol 14 (2) ◽  
pp. 202-212
Author(s):  
NWOSA Philip Ifeakachukwu
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Secondary Data ◽  
Vector Error Correction ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
Auto Regressive ◽  
The Impact ◽  
Financial Globalisation

This article examines the link between globalisation, economic growth and income inequality in Nigeria using annual secondary data over the period 1981–2018. Specifically, it attempts to examine the following questions: (a) What is the direction of causation among globalisation, economic growth and inequality? (b) What is the impact of globalisation and economic growth on inequality? (iii) Do trade globalisation and financial globalisation have differential impacts on inequality in Nigeria? The article used both vector error correction modelling (VECM) and auto-regressive distributed lag (ARDL) techniques. The VECM results show a unidirectional causality from inequality and globalisation to economic growth in the long run, whereas a unidirectional causation was observed from inequality to economic growth in the short run. The ARDL estimate shows that globalisation and economic growth are significant determinants of inequality in Nigeria. Furthermore, it is observed that trade and financial globalisation influenced income inequality differently. In the light of these findings, the article recommends that the foreign direct investment should be channelled towards empowering the poor, and the dividends of economic growth should be evenly distributed to reduce the income inequality gap.

scholarly journals A sustainable economy for Senegal: A transition to a digital-based economy

2018 ◽  
Vol 6 (12) ◽  
pp. 11-25
Author(s):  
NDIAYE SOULEYMANE
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Positive Impact ◽  
Estimation Method ◽  
Communication Technologies ◽  
Distributed Lag ◽  
Information And Communication ◽  
Auto Regressive ◽  
The Impact

The purpose of this article is to analyze the sustainability of the Senegalese economy towards a digital transition. To do this, this work focused on modeling the relationship between digital technologies and economic growth. We applied the ARDL (Auto-Regressive Distributed Lag) estimation method to model the long-term and short-term dynamics of the impact of the digital economy on economic growth in Senegal. The results of the estimates, as part of the specification used, lead to the conclusion that there is a positive impact of information and communication technologies (ICT) on economic growth. These results are mainly due to the productive nature of investment and factor productivity.

scholarly journals The Nexus of Foreign Direct Investment, Economic Growth and Environment in Pakistan

2016 ◽  
Vol 55 (2) ◽  
pp. 95-111
Author(s):  
Syed Sundus Raza ◽  
Anwar Hussain
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Carbon Dioxide Emissions ◽  
Secondary Data ◽  
Jel Classification ◽  
Distributed Lag ◽  
Short Run ◽  
Auto Regressive ◽  
The Impact ◽  
Sectoral Fdi

This paper estimate the impact of sectoral FDI on economic growth and carbon dioxide emissions in Pakistan. To this end, it uses time series secondary data from 1972 to 2011 and applies Auto Regressive Distributed Lag (ARDL) models. The results showed that FDI inflows in manufacturing, transport, storage and communication sectors and energy consumption have positive effect on the GDP growth of Pakistan. Besides, FDI inflow in manufacturing, transport, storage and communication sector and population density are responsible for the CO2 emissions in Pakistan. The results also validate Environmental Kuznet Curves in both long and short run. JEL Classification: E2, O4, Q5 Keywords: Sectoral FDI, CO2 emissions, Environmental Kuznet Curves, Gross Domestic Product Growth

scholarly journals Environmental Impact of Economic Growth and Fuel Subsidy in Nigeria

2021 ◽  
Vol 2021 (1) ◽  
pp. 21-30
Author(s):  
Olawunmi Omitogun ◽  
Adedayo Emmanuel Longe ◽  
Shehu Muhammad ◽  
Idowu Jacob Adekomi
Keyword(s):  
Economic Growth ◽  
Government Policy ◽  
Carbon Emission ◽  
Correction Model ◽  
Independent Variables ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
Auto Regressive ◽  
The Impact

The study investigates the impact of economic growth and fuel subsidy on the environment of Nigeria from the year 1985-2018. We used Auto-regressive Distributed Lag (ARDL) to analyse the data employed in this study. From our findings, it was revealed that output per head had a positive and significant impact on carbon emission both in the long-run and short-run, while subsidy which explains government policy also had a negative and significant impact on carbon emission both in the short-run and long-run. The Error Correction Model (ECM) showed that 96% of shocks in the response variable are corrected in the long-run by the independent variables. It was concluded that increasing output in the economy increases the amount of carbon emission in the economy while removal of fuel subsidy reduces the amount of carbon emission in the economy. Therefore, effective policies should be implemented towards reducing carbon emission without hampering the growth of the economy.

scholarly journals Export Diversification and Economic Growth in Nigeria

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Philip Ifeakachukwu Nwosa ◽  
Fasina Oluwadamilola Tosin ◽  
Ogbuagu Matthew Ikechukwu
Keyword(s):  
Economic Growth ◽  
Poor Performance ◽  
Export Diversification ◽  
Economic Policies ◽  
Oil Market ◽  
Distributed Lag ◽  
The Poor ◽  
Auto Regressive ◽  
Oil Sector ◽  
The Government

The issue of export diversification has been contentious in Nigeria due to the country’s unstable growth pattern which is majorly associated with instability in the international oil market and the poor performance of other sectors of the economy. Therefore, this study examines the link between export diversification and economic growth in Nigeria from 1962 to 2016. The study utilizes the Auto-regressive Distributed Lag (ARDL) technique. The result of this study shows that export diversification has a positive but insignificant influence on economic growth in Nigeria. The above result implies that the oil sector still dominates the Nigerian economy while the diversification drive of the government has not been significant in other sectors of the economy. Thus, the study recommends the need for conscious economic policies that would promote the diversification of the entire non-oil sector of the economy. The study concludes that export diversification is an insignificant determinant of economic growth in Nigeria.

scholarly journals Consequences of Capital formation, Trade Liberalization on the Economic Growth: Pakistan’s Experience

2015 ◽  
Vol 2 (1) ◽  
pp. 1-4
Author(s):  
Nadia Bukhari ◽  
Anjum Iqbal
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Trade Openness ◽  
Capital Formation ◽  
Vital Role ◽  
Series Data ◽  
Distributed Lag ◽  
Long Run ◽  
Auto Regressive ◽  
Adf Test

This study considers the long run relationship between the liberalization of trade, capital formation and the economic growth of Pakistan by using the time series data from 1975-2013. The main aim of this study is to examine that how much liberalization of trade and capital formation affects the economic growth of Pakistan in long run. The approach that has been used for empirical analysis is Auto Regressive Distributed Lag (ARDL) model. Under the ADF test capital formation (CF) is stationary at its first level but the trade openness (TO) and GDP is stationary at its first difference. Moreover, the granger casualty test is evident that there become a casual relationship between the trade openness and GDP. The result of this study shows that both the trade openness and the capital formation determined the economic growth in long run and they both have statistically significant effect on the GDP. Furthermore it has has been depicted from the study that the trade has a vital role to influence the economic growth.

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