scholarly journals The Role of Technical Innovation and Development of Industrial Sector in Korean International Business

2021 ◽  
Vol 22 (1) ◽  
pp. 55-73
Author(s):  
Ali Mohammed Khalel Al-Shawaf ◽  
Tahira Yasmin
Keyword(s):  
Time Series Data ◽  
Positive Impact ◽  
Generalized Method Of Moments ◽  
Value Added ◽  
Industrial Sector ◽  
Least Square ◽  
Policy Implications ◽  
Series Data ◽  
Significance Level

With the pace of development and competitiveness, innovation plays an important role to capture the market share. Various countries have effective strategies to enhance Research and Development (R&D) and exchange value added products in international market. So, based on this the aim of this research is to examine the role of R&D, industrial design and charges for intellectual property in innovative exports in South Korean economy. Time series data for the period 1998 to 2017, Ordinary Least Square (OLS) and Generalized Method of Moments (GMM) models are used to determine the dynamic interrelationship among the study variables. In summary, the overall results show that there is co-integration rank of in both trace test and value test at 1% significance level. Moreover, OLS and GMM findings depict that there is significant and positive coefficient for ID & RD which represent that they have positive impact on HT. Whereas, the IP displays a negative and significant relationship with high technology exports accordingly. Lastly, the diagnostic tests show that model is stable for the study time period and result is reliable. The current study also suggests some policy implications which can enhance innovative export products of South Korea while enhancing R&D.

Fish Exports and Economic Growth: The Pakistan’s Experience

2019 ◽  
Vol 20 (2) ◽  
pp. 279-296 ◽  
Author(s):  
Syed Tehseen Jawaid ◽  
Mohammad Haris Siddiqui ◽  
Zeeshan Atiq ◽  
Usman Azhar
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Positive Impact ◽  
Impulse Response Function ◽  
Policy Implications ◽  
Sensitivity Analyses ◽  
Series Data ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run

This study attempts to explore first time ever the relationship between fish exports and economic growth of Pakistan by employing annual time series data for the period 1974–2013. Autoregressive distributed lag and Johansen and Juselius cointegration results confirm the existence of a positive long-run relationship among the variables. Further, the error correction model reveals that no immediate or short-run relationship exists between fish exports and economic growth. Different sensitivity analyses indicate that initial results are robust. Rolling window analysis has been applied to identify the yearly behaviour of fish exports, and it remains negative from 1979 to 1982, 1984 to 1988, 1993 to 1999, 2004 and from 2010 to 2013, and it shows positive impact from 1989 to 1992, 2000 to 2003 and from 2005 to 2009. Furthermore, the variance decomposition method and impulse response function suggest the bidirectional causal relationship between fish exports and economic growth. The findings are beneficial for policymakers in the area of export planning. This study also provides some policy implications in the final section.

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 Stride of Service Sector in Nepal’s Trajectories of Structural Change

2018 ◽  
pp. 69-98
Author(s):  
Madhav Prasad Dahal
Keyword(s):  
Structural Transformation ◽  
Service Sector ◽  
Time Series Data ◽  
Value Added ◽  
Developed Countries ◽  
Policy Implications ◽  
Series Data ◽  
Economic Sectors ◽  
Distributed Lag ◽  
Gross Value Added

Agriculture, manufacturing and service sectors are the major economic sectors of a country. The long held view is that economies’ development trajectories move from agriculture to manufacturing to services. These conclusions are primarily based on the studies of developed countries. However more recent studies relating to developing countries have brought evidences that the structural transformation path is not linear as experienced by today’s developed countries. Nepal is not an exception is experiencing the waves of sector-wise structural transformation. Using time series data of the period 1975-2016 of the economy of Nepal this paper analyses the association between gross value added and service sector value added in the analytic-framework of the autoregressive distributed lag (ARDL) to cointegration. The empirical result reveal a cointegrating relationship between real gross value added and service sector value added. Result also show service sector enhancing role of education and export trade of Nepal. The paper finally draws few policy implications essential for service sector sustainability to support overall economic growth.Economic Journal of Development Issues Vol. 21 & 22 No. 1-2 (2016) Combined Issue

scholarly journals Deposit Money Banks and Economic Growth in Nigeria

2014 ◽  
Vol 5 (1) ◽  
pp. 41-50 ◽  
Author(s):  
Samson Ogege ◽  
Tarila Boloupremo
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Banking System ◽  
Least Square ◽  
Series Data ◽  
Credit Allocation ◽  
Least Square Estimator ◽  
Ordinary Least Square ◽  
Residual Series

This paper examines the effect of deposit money banks intermediation role on economic growth and development in Nigeria. The main objective of the research was to ascertain the extent to which sectorial credit allocation by deposit money banks have influenced growth in the economy. Time series data covering the period 1973-2011 for deposits money banks credits in Nigeria and per capita gross domestic product were analyzed within the framework of Engle-Granger Representation Theorem; the approach estimated a co-integrating regression using the ordinary least square estimator, and then investigated the presence of a co-integration relation by examining the stationarity of the estimated residual series. The findings indicate that credit allocation to the production sector is significantly promoting economic activity. The implication that can be drawn from this study is that to ensure that the banking system performs its role of credit allocation effectively it must channel funds into productive investment and more productive uses; deposit money banks should act as efficient financial intermediaries devoted to allocating resources to the most productive uses.

scholarly journals Competitiveness Analysis and Factors Affecting Trade of Main Commodities between Indonesia and Turkey

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Fauziyah Adzimatinur
Keyword(s):  
Wheat Flour ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Woven Fabrics ◽  
Least Square ◽  
Series Data ◽  
Trade Integration ◽  
Tariff Barrier ◽  
Factors Affecting

This study aims to analyze the competitiveness, trade integration, trade complementarity, and factors affecting the export and import of main commodities between Indonesia and Turkey. Data used in this study is time series data in 1996-2018 and the methods used are Revealed Comparative Advantage (RCA), Intra-Industry Trade (IIT), Trade Complementarity Index (TCI), and Ordinary Least Square (OLS). Results of RCA showed Indonesia's main export commodities to Turkey are woven fabrics, stearic acid, palm oil and natural rubber. While IIT showed that there is only one way trade from Indonesia. Import commodities from Turkey are carpets, borax, wheat flour, and tobacco. TCI showed low complementarity between Indonesia�s export and Turkey�s import. GDP per capita has positive impact on exports and imports. The exchange rate has positive impact on exports and negative on imports. Price and tariff rate have negative impact on both exports and imports. Dummy Non-tariff barrier has negative impact on exports while in import side, it only affects the wheat flour negatively. The Government of Indonesia should pursue a strategy in trade cooperation as efforts to reduce trade barriers such as tariffs and non-tariffs for some commodities that have competitiveness in the Turkish market.

scholarly journals Potential Tax Reforms and Kuwait Economic Growth

2019 ◽  
pp. 42-48
Author(s):  
K. Lawler ◽  
F. Ali Al-Sayegh
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Value Added ◽  
Least Square ◽  
Series Data ◽  
Tax Reforms ◽  
Tax Revenues ◽  
Oil Revenue ◽  
The Impact

The objective of this study is to identify whether tax reforms are viable in Kuwait in order to create more government income from sources other than oil. The study examines the relationship between the changes in tax revenues, changes in oil revenue and changes in GDP in Kuwait using time series data from 1998 to 2015. The Augmented Dickey-Fuller (ADF) is used to check for the existence of a unit root. The cointegration test is applied to test for long term relationships between variables using the General Least Square (GLS) method of estimation. The results of the tests find that the impact of changes in tax revenues on changes in the GDP of Kuwait is insignificant. Therefore, Kuwait’s government could rationally implement tax reforms to have incremental sources of income other than oil revenue. Moreover, it is argued that the government might consider implementing broad based consumption taxes and value added taxes into the tax structure Kuwait, and to invest the revenues from those taxes in productive policies, to induce long term economic growth.

scholarly journals Effect of Apportioned Federal Revenue on Economic Growth: The Nigerian Experience

2019 ◽  
Vol 10 (4) ◽  
pp. 172
Author(s):  
Cordelia Onyinyechi Omodero
Keyword(s):  
Economic Growth ◽  
Local Governments ◽  
Time Series Data ◽  
Positive Impact ◽  
Negative Influence ◽  
Least Square ◽  
Series Data ◽  
Federal State ◽  
State Governments ◽  
State And Local

The major objective of income distribution to the federal, state and local governments in Nigeria is to achieve economic growth which leads to economic development. This ultimate aim of governance in Nigeria appears not to have been achieved due to alleged corruption and mismanagement of the monthly allocated funds. Thus, this study investigates the effect of revenue apportioned to the three levels of government on economic growth in Nigeria.  The study employs annual time series data which cover a period from 1981-2016 and have been collected from CBN Statistical Bulletin, 2016 edition. Ordinary Least Square (OLS) method is used to perform the multi-regression analysis with the aid of e-views version 9. The findings of the study reveal that the federally apportioned revenue to the federal government (FAFG) has a significant positive impact on RGDP while FALG has a robust significant positive impact on RGDP. The result also indicates that FASG has a significant negative influence on RGDP. This leads to a conclusion that mismanagement of funds by the state governments is a cause for concern. Therefore, the study suggests, among others, that revenue sharing formula in the country should be based more on impact of expenditure incurred on executed projects (long term and short term) by each tier of government than on any other parameter to achieve fairness and efficiency in public service delivery at all levels of governance.

An Investigation into the Channel of Public Expenditure to Boost Industrial Productivity in Pakistan

2021 ◽  
Vol 3 (2) ◽  
pp. 93-105
Author(s):  
Atif khan Jadoon ◽  
Syeda Azra Batool ◽  
Ambreen Sarwar ◽  
Maria Faiq Javaid ◽  
Dur A Shahwar
Keyword(s):  
Public Expenditure ◽  
Time Series Data ◽  
Strong Association ◽  
Industrial Sector ◽  
Least Square ◽  
Series Data ◽  
Public Expenditures ◽  
Tfp Growth ◽  
Industrial Productivity ◽  
The Impact

It is a fact that public expenditure has a strong association with industrial productivity. The industrial sector recorded slow growth of 5.43%, which adds 20.90% to the GDP of Pakistan (2017-2018). This study aims to find the effects of public expenditure on Total Factor Productivity (TFP) in the industrial sector of the country. The study constructed two different models. In the first model, the study used time series data from 1975 to 2018, and the growth of adjusted TFP was calculated by the growth accounting method. In the second model, the study collected data from 1977 to 2018 and checked the impact of government expenditure on the TFP growth in the industry. The unit root tests, Ordinary Least Square (OLS), and Vector Error Correction Model (VECM) were employed. The findings of the study revealed that public expenditures on education were significant and positively related to TFP growth in industries. Public expenditure on health, agriculture, and inflation had a significant and positive association with TFP growth in the industries. Foreign direct investment had a negative but significant impact on TFP growth. The results of the present study suggest that industrial productivity can be increased by increasing the expenditure on education and health.

scholarly journals Foreign direct investment risk implication on employment in an emerging economy

2017 ◽  
Vol 7 (4-1) ◽  
pp. 148-152
Author(s):  
Collins C Ngwakwe
Keyword(s):  
South Africa ◽  
Foreign Direct Investment ◽  
Host Country ◽  
Direct Investment ◽  
Time Series Data ◽  
Negative Relationship ◽  
Least Square ◽  
Series Data ◽  
Unexpected Result

This paper analysed the employment risk-effect of foreign direct investment (FDI) inflow in South Africa for the periods 1991 to 2014. The paper is an attempt to contribute to the growing debate on the role of FDI in economic development, but specifically on employment. The paper applied a quantitative method and used time series data from the World Bank development indicators. The ordinary least square (OLS) regression statistics was used to analyse the relationship between FDI and employment in South Africa for 1991 – 2014. Consistent with some previous research findings, results showed that during the period of study, FDI showed a negative relationship with employment – a growth in FDI had a negative effect on local employment by 1.29 percent. The paper thus highlights that if FDI does not received proper strategy, the host country may run the risk of not benefitting economically from FDI. This unexpected result can be attributed to some causes, which include inter alia reduction in domestic productivity because of FDI, the nature of FDI and the host country regulation of FDI. The paper suggests further research on the role of FDI on domestic productivity in South Africa

scholarly journals Impact of Remittance on Economic Development of Nepal

2017 ◽  
Vol 10 (1) ◽  
pp. 19-30
Author(s):  
Rameshwar Acharya
Keyword(s):  
Economic Development ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Fixed Capital Formation ◽  
Annual Time Series ◽  
The Government ◽  
The Impact ◽  
Annual Time

This study assesses the impact of remittance on Gross Domestic Product (GDP), Gross National Product (GNP) and Per Capita Income (PCI) of Nepal employing multiple regression method on national annual time series data for a period of 41 years (from 1974/75 to 2014/15). The results show that there is positive impact of remittance on GDP, GNP and PCI. Further, the findings clearly provide an evidence of predictive power of fixed capital formation on economic development. But the role of export could not be established. Finally, to foster the economic development, it is suggested that the government should initiate policy to channelize the remittance income into the productive uses by offering attractive investment schemes to the remittance receiving families.

Sign in / Sign up

Export Citation Format

Share Document