scholarly journals IMPACT OF THE POLITICAL INSTABILITY ON THE LIBYAN ECONOMY

2019 ◽  
Vol 31 (1) ◽  
pp. 61-67
Author(s):  
Rwida Kreiw
Keyword(s):  
Economic Development ◽  
Gross Domestic Product ◽  
Interest Rates ◽  
Banking Sector ◽  
Oil And Gas ◽  
Political Instability ◽  
Domestic Product ◽  
The Political ◽  
Significance Level ◽  
The Government

Regarding the Libyan macroeconomic framework, the petroleum sector returns caused to the government and the need to support civil service job opportunity and preserve the widespread funding system. In 2006, the increasing of the price of the Libyan price oil, around US $63.05, had a significant and positive influence on the Libyan economic situation. The price increased around 65 % compared to the corresponding value in 2004 which was in averaged around US $38.In the same context, the favorable enhancement in the oil sector donated to an observable development in balance of payment surplus, which achieved around 15.4 % of gross domestic product. Also, international reserves improved to be around 19 billion US dollars. Moreover, the Libyan authorities have decreased the bank the percentage of interest rates across the board to enhance the demand in the private sector for credit and established a strategy to update the payment system. All these monetary policies and strategies affect positively on the Libyan macroeconomic and financial situations to be satisfactory in 2004.In 2005, the performance of the macroeconomic stayed comparatively strong. The gross domestic product achieved approximately about 3.5 %. Moreover, the inflation stayed 2.5 %. On the other hand, the economic development is assessed to have been created mainly 4.5 % in the non-oil sectors. In details, the non-oil sectors such as hotels and transportation, construction and services, agriculture and manufacturing sector with respectively values 7%, 5%, 2.5 % and 1.8%. unfortunately, all these sectors showed weak performance recently because of the unstable political situation in the country.Regarding to the banking sectors, according to (Murugiah and Akgam, 2015), Libyan banking sector has realized especially after the issuance of laws. In 2005, this Central Bank of Libya has significant impact on establishing banks and reorganization assets inducing them to look for new investment chances. In our model, the variables Stock Capital, Libyan Oil PriceNumber of population in Libya and dummy variable for the political instability have significant impact on the Libyan gross domestic products at 5% significance level. The heteroscedasticity and autocorrelation tests are checked in the model.Finally, we conclude that increasing (decreasing) the oil and gas prices has a significant influence on the economic development generally in Libya and on the macroeconomic indicators, such as gross domestic product, monetary policy, the unemployment rate, and the inflation rate in the country.

scholarly journals Deposit Determinants and Domestic Currency Deposits In Nigeria (2000-2018)

2021 ◽  
Author(s):  
Ayodeji Emmanuel Abiodun ◽  
Adebayo Tunbosun Ogundipe ◽  
Omomen Musa-Agboneni
Keyword(s):  
Gross Domestic Product ◽  
Private Sector ◽  
Interest Rates ◽  
Banking Sector ◽  
Economic Value ◽  
Secondary Data ◽  
Domestic Product ◽  
Domestic Currency ◽  
Significant Positive Effect ◽  
Positive Effect

Abstract The study was carried out to investigate the effects of macroeconomic and banking sector-specific variables on domestic currency deposits in Nigeria within a temporal scope 2000-2018. On the theoretical threshold of Ayodeji-Ajala bank-intermediation (economic value) theorem, the study proxied the dependent variable, domestic currency deposit, by total domestic currency deposit of banks, and the independent variable, deposit determinants, by three macroeconomic variables (interest rate, gross domestic product, inflation) and two banking sector-specific variables (private sector credit and bank size). Secondary data were sourced from the Central Bank of Nigeria statistical bulletin of various editions, and were estimated using Auto Regressive Distributed Lag (ARDL) approach. It was found that, while interest rates exhibited insignificant negative effects on domestic currency deposits in Nigeria, inflation rate exerted significant negative effect on it, and gross domestic product exerted significant positive effect on it. It was, also, found that, private sector credit exerted a significant positive effect on domestic currency deposit while bank size exhibited insignificant positive effect on it. It was, further, found that, a significant long-run relationship existed between deposit determinants and domestic currency deposits in Nigeria. It was, therefore, concluded that macroeconomic and banking sector-specific variables exert significant long-term influence on domestic currency deposits in Nigeria. It was, therefore, recommended that, government should effectively adopt the instruments of monetary and fiscal policies for enhancing the effects of interest rates and curbing the effects of inflation on the Nigerian economy. Also, banks are encouraged to invest more on their assets, as this would help attract more customers of various types while they should increase private sector credits, and channel the same to the productive sector of the economy so that economic growth can be enhanced.

scholarly journals The Relationship Between the Economic Development Levels of the Countries and Their Sporting Achievements in the 2020 Tokyo Olympics

2021 ◽  
Vol 7 (3) ◽  
pp. 33
Author(s):  
Emre Belli ◽  
Yusuf Yağız Saraçoğlu
Keyword(s):  
Economic Development ◽  
Correlation Analysis ◽  
Gross Domestic Product ◽  
Domestic Product ◽  
Significance Level ◽  
Package Program ◽  
Independent Variable ◽  
Development Levels ◽  
The Relationship ◽  
Domestic Products

The purpose of this study is to investigate the relationship between the economic development and order of success of the countries ranked in the top 20 at the 2020 Tokyo Olympics. In this context, the total number of medals of the countries in the top 20 of the total number of medals in the Tokyo 2020 Olympics was selected as a sporting success, as an indicator of development, the countries’ Gross Domestic Product (GDP) levels were also considered.In order to investigate the relationship between sporting success and economic development; SPSS package program was used. The significance level was considered as p < 0.05. Correlation analysis was performed by selecting the total number of medals as a dependent variable, the gross domestic products as an independent variable, and the population as a control variable.Findings of this research, a relationship was found the Gross Domestic Product (GDP) of the countries and the number of medals obtained at the 2020 Tokyo Olympics.According to these findings, a relationship has been found between economic development of countries and the number of medals won at the 2020 Tokyo Olympics, which we can see as international sporting success.

scholarly journals Utilisation Efficiency of Construction Land in China’s Coastal Cities Based on Debt Level

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-10
Author(s):  
Hui Wang ◽  
Lu Qiao ◽  
Chuang Tian ◽  
Qiaoqiao Lin
Keyword(s):  
Economic Development ◽  
Gross Domestic Product ◽  
Local Governments ◽  
Government Debt ◽  
Domestic Product ◽  
Construction Land ◽  
Debt Level ◽  
Coastal Cities ◽  
The Government ◽  
Utilisation Efficiency

Optimising the allocation of population, land, and capital production resources is crucial for promoting an efficient urbanisation and solving the urban land financial problem. This study uses a panel threshold model to identify the response boundary of urban construction land use efficiency to government debt level for 51 postfinancial crisis Chinese coastal cities. The results indicate that the threshold of economic development level and provincial gross domestic product (per capita gross domestic product: pgdp) are 2.67 and 5.17, respectively. In cities with relatively backward economic development, an expansion of the government debt scale hinders the improvement of the utilisation efficiency of construction land. Also, the threshold value of the government’s accumulated debt level threshold (sd) is 15.83%. When cities fall below the government accumulated debt level threshold (sd < 15.83%), the new debt level has a positive effect on the utilisation efficiency of construction land. When sd > 15.83%, the new debt level impedes the improvement of the utilisation efficiency of construction land. Local governments should reduce their dependence on land finance in cities with high cumulative debt ratios, especially those with negative responses to both thresholds (pgdp and sd thresholds). This study’s findings can provide a reference for a sustainable promotion of new urbanisation in both China and in other countries to avoid the risk of land urbanisation.

scholarly journals Evaluation of the Contribution of Oil Revenue on Economic Development in Nigeria

2016 ◽  
Vol 8 (6) ◽  
pp. 210 ◽  
Author(s):  
Joseph Ugochukwu Madugba ◽  
Michael Chidiebere Ekwe ◽  
Stella Ogechukwu Okezie
Keyword(s):  
Growth Rate ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Domestic Product ◽  
It Impacts ◽  
Unit Change ◽  
Oil Revenue ◽  
Study Evaluation ◽  
The Government ◽  
The Impact

The study evaluation of the contributions of oil revenue on economic development in Nigeria tested the impact of growth rate in oil revenue and growth rate in Gross Domestic product and growth rate in total federally collected revenue of the Government from 1991 to 2012. Regression analysis was used to carry out data analysis with the aid of SPSS version 20. Results showed that a unit change in growth rate of oil revenue will lead to an equal unit change in growth rate of gross domestic product. The study recommends that federal government should intensify efforts to increase revenue derived from oil especially as it impacts on GDP and federally collected revenue.

scholarly journals Back-Propagation Neural Network and ARIMA Algorithm for GDP Trend Analysis

2022 ◽  
Vol 2022 ◽  
pp. 1-9
Author(s):  
Siqi Hua
Keyword(s):  
Neural Network ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Linear Part ◽  
Back Propagation ◽  
Weighted Average ◽  
Domestic Product ◽  
Fusion Model ◽  
The Government ◽  
Predicted Values

GDP (gross domestic product) is a key indicator for assessing a country’s or region’s macroeconomic situation, as well as a foundation for the government to develop economic development strategies and macroeconomic policies. Currently, the majority of methods for forecasting GDP are linear methods, which only take into account the linear factors that affect GDP. GDP (gross domestic product) is widely regarded as the most accurate indicator of a country’s economic health. GDP not only reflects a country’s economic development over time but can also reflect its national strength and wealth. As a result, the GDP trend forecast partially reflects China’s transformation and future development. The time series ARIMA (Autoregressive Integrated Moving Average) model and the BPNN (BP neural network) model are combined in this article to create the ARIMA-BPNN fusion prediction model. The predicted values of the two models were then weighted averaged to obtain the predicted values of the linear part of the improved fusion model. To get the predicted values of the improved fusion model, we weighted average the residual parts of the two models, predict the nonlinear residual with BPNN, and add the predicted values of the two parts. It is applied to the actual GDP forecast in H province from 2019 to 2022, and the actual forecast verifies the effectiveness of the fusion forecast model in the actual forecast.

scholarly journals ANALISIS PENURUNAN TARIF PAJAK PENGHASILAN BADAN TERHADAP KEEKONOMIAN KONTRAK BAGI HASIL GROSS SPLIT DAN MULTIPLIER EFFECT BAGI PEREKONOMIAN PADA KEGIATAN HULU MINYAK BUMI DI INDONESIA

Scientax ◽  
2021 ◽  
Vol 2 (2) ◽  
pp. 218-231
Author(s):  
Gregorius Bela Prasetya
Keyword(s):  
Gross Domestic Product ◽  
Income Tax ◽  
Oil And Gas ◽  
Domestic Product ◽  
Rate Reduction ◽  
Tax Rate ◽  
Production Sharing ◽  
Multiplier Effect ◽  
Multiplier Effects ◽  
The Government

Analysis of declining income tax rate of economics on production sharing contract gross split and multiplier effect for the economy in upstream activity in Indonesia describes about Indonesia’s Government announces regulation of production sharing contract gross split in upstream activity for contractor to invest in oil and gas in Indonesia. Due to the pandemic of COVID-19, the Government of Indonesia announced another regulation in regard to income tax rate reduction. This has positively affected the economics on NPV and IRR of contractor and has triggered multiplier effects for the economy in general. Sensitivity analysis is used to calculate the effect of income tax rate reduction for the economics in gross split and multiplier effect. This research has shown that 1% of declining income tax rate affects US$29,333,000 of NPV, 0.3% of IRR, US$20,533,000 Gross Domestic Product and 2,933 jobs in pessimistic scenario; US$61,107,000 of NPV, 0.5% of IRR, US$42,775,000 Gross Domestic Product and 6,111 jobs in moderate scenario; and US$92,881,000 of NPV, 0.6% of IRR, US$65,016,000 Gross Domestic Product and 9,288 jobs in optimistic scenario.  

scholarly journals The Role of the Jordanian Banking Sector in Economic Development

2017 ◽  
Vol 10 (4) ◽  
pp. 139 ◽  
Author(s):  
Abedalfattah Zuhair Al-abedallat
Keyword(s):  
Economic Development ◽  
Gross Domestic Product ◽  
Banking Sector ◽  
Alternative Hypothesis ◽  
Domestic Product ◽  
Economic Sectors ◽  
Banking Services ◽  
Financial Status ◽  
The Impact

The aim of this study is to investigate the impact of the Jordanian banking sector on economic development that was measured by the Gross Domestic Product (GDP). It aims to identify the role of the Jordanian banking sector in the support of economic development through the study of the size of the credit facilities offered by banks.The study relied on descriptive and analytic method, as well as on field study. The population of this study represents the working banks in Jordan, which offers various banking services to the customers. The tool of the study include data of credit facilities, banking deposits for Jordanian banking sector, and gross domestic product that were collected from the annual financial status of Jordanian Central Bank for the period (2000- 2015).The study found that there is a significant statistical impact of the factors (the deposits of the banking sector, Credit facilities) on Gross Domestic Product (GDP). The study rejected the null hypothesis and accepted the alternative hypothesis for the two hypotheses. Also, the study recommended that the Jordanian banking sector should expand in the granting of credit facilities to all economic sectors.

scholarly journals ECONOMETRICS OF NATIONAL SECURITY AND DEFENSE OF UKRAINE

2021 ◽  
pp. 44-52
Author(s):  
Y. Marko ◽  
V. Kuzmenko
Keyword(s):  
Economic Development ◽  
Gross Domestic Product ◽  
National Security ◽  
Factor Model ◽  
The United States ◽  
Domestic Product ◽  
Weak Efficiency ◽  
State Budget ◽  
External Threats ◽  
Gas Market

The article provides the importance of Ukraine's economic development to ensure national security, highlights the main internal and external threats to Ukraine's national security, such as: hybrid economic war, the "needle" of loans from the International Monetary Fund, communal tariffs, opening the gas market in Ukraine, inefficient introduction of the circulation of domestic agricultural lands and insufficient use of the capabilities of the country's economy. The cyclical nature of economic development is practically proved by distinguishing four phases of economic development of the studied countries for the last ten years, weak efficiency of economic policy of Ukraine and possible applied mechanisms of economic growth. An econometric analysis of GDP of Ukraine and countries that occupy the largest share in Ukrainian imports of goods, the budget of Ukraine and the budget of the Ministry of Defense of Ukraine using the method of least squares and even linear regressions, calculated the intensity of changes in Ukraine's economic processes. The model of gross domestic product of Ukraine depending on the gross domestic product of China, Poland, Russia, Turkey, Germany, Italy, Belarus, the United States and France (nine-factor model), as well as the model of Ukraine's defense budget depending on the domestic gross domestic product product, budget expenditures, taxes, minimum and average wages and inflation (seven-factor model). On the example of the Ministry of Defense of Ukraine as a public sector institution, the registration algorithm for economic (additional) activities by military units and the distribution of revenues to increase the special fund of the state budget of Ukraine and create recovery of the country economy in general.

scholarly journals PENGARUH FAKTOR INTERNAL DAN FAKTOR MAKROEKONOMI TERHADAP STABILITAS BANK UMUM SYARIAH DI INDONESIA PERIODE 2012-2018

2020 ◽  
Vol 7 (11) ◽  
pp. 2062
Author(s):  
Dian Rizqi Lestari ◽  
Noven Suprayogi
Keyword(s):  
Panel Data ◽  
Gross Domestic Product ◽  
Interest Rates ◽  
Commercial Bank ◽  
Commercial Banks ◽  
Annual Report ◽  
Domestic Product ◽  
Z Score ◽  
Score Method ◽  
Size Efficiency

ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh ukuran bank, efisiensi, capital buffer, PDB, Inflasi, dan suku bunga terhadap tingkat stabilitas Bank Umum Syariah di Indonesia periode 2012-2018. Penelitian ini menggunakan data panel dan metode z-score dalam mengukur stabilitas. Data diambil dari website resmi Badan Pusat Statistik (BPS) dan annual report masing masing bank umum syariah. Hasil penelitian ini menunjukkan variabel ukuran bank (size), efisiensi, capital buffer, PDB (Produk Domestik Bruto), inflasi dan suku bunga (BI rate) secara simultan memiliki pengaruh yang signifikan. Kata Kunci: Stabilitas, Bank Umum Syariah, ukuran bank, efisiensi, capital buffer, PDB, Inflasi, suku bunga ABSTRACTThis study aims to determine the effect of bank size, efficiency, capital buffer, GDP, inflation, and interest rates on the level of stability of Sharia Commercial Banks in Indonesia for the period of 2012-2018. This study uses panel data and z-score method in measuring stability. This study used data obtained from the official website of the Central Statistics Agency and the annual report of each Islamic commercial bank. The results of this study indicate that the variable of bank size, efficiency, capital buffer, GDP (Gross Domestic Product), inflation and interest rates (BI rate) simultaneously have a significant effect.Keywords: Stability, Sharia Commercial Banks, bank size, efficiency, capital buffer, GDP, inflation, and interest rates

scholarly journals DETERMINANTS OF ECONOMIC DEVELOPMENT AND EMPLOYABILITY OF HIGHER EDUCATION INSTITUTIONS GRADUATES

2020 ◽  
Vol 31 (2) ◽  
pp. 211-220
Author(s):  
Emília Krajňáková ◽  
Vaida Pilinkienė ◽  
Patrik Bulko
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Czech Republic ◽  
Gross Domestic Product ◽  
Slovak Republic ◽  
Domestic Product ◽  
Experimental Development ◽  
Correlation Relationship ◽  
The Czech Republic ◽  
The Impact

The scope of the data presented in this study offers a comprehensive view of the issue of the HEI graduates employability in the Czech Republic and also in the Slovak Republic – related to determinants of economic development and their impact on them. This paper examines the impact of gross domestic product, gross domestic expenditure on research and experimental development by only higher education sector and foreign direct investment on HEI graduates employability. The results indicate that correlation between unemployment of tertiary educated Slovaks and GDP, GERD and FDI values was very big. Correlation relationship of similar determinants, except determinant GERD in conditions of the Czech Republic was characterized as weak. On the other hand, significantly stronger (very big to perfect) correlation affecting employment of tertiary educated Czechs regarding to indicators of gross domestic product, gross domestic expenditure on research and experimental development by sector of higher education and foreign direct investments as well. In conditions of the Slovak Republic, correlation relationship between employment of tertiary educated Slovaks and GDP was almost perfect.

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