scholarly journals The Empirical Research on Causal Relationship Between Export and Foreign Investments in the Economy of Uzbekistan Based on Granger Test

2019 ◽  
Vol 9 (1) ◽  
pp. 4631-4635
Keyword(s):  
Time Series Data ◽  
Positive Impact ◽  
Sufficient Evidence ◽  
Series Data ◽  
Foreign Investments ◽  
Causality Test ◽  
Export Volume ◽  
Relevant Topic ◽  
The Government ◽  
The Relationship

The relationship between export and foreign investments is becoming more and more relevant topic in the economies of many countries in the world. This relationship, its direction and mechanism are, particularly crucial for emerging markets. This paper investigates the direction of the relationship between the export and foreign investments of Uzbekistan based on the data on previous years. Since the government have been reforming the macroeconomic policy of Uzbekistan gradually towards openness in recent years, it is very important to find the direction of the association before forming national strategy to encourage the export of the country and to attract foreign investments to the country. In this study Granger causality test is used to determine the direction of the relationship using time series data from 2005 to 2017. With respect to the findings of the study, it can be seen that the volume of export has positive impact on the foreign investments. However, there is no sufficient evidence to support the idea that foreign investment has significant impact on the volume of export. The results conclude that in Uzbekistan, export volume is one of the key factors that have been contributing to the attractiveness of investment climate in recent years

RELATIONSHIP BETWEEN ECONOMIC GROWTH AND FOREIGN DIRECT INVESTMENT: THE CASE OF DONG NAI PROVINCE, VIETNAM

2019 ◽  
pp. 50-59
Author(s):  
Hung Tran Van ◽  
Huong Le Thi Mai
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Foreign Investments ◽  
Use Of Time ◽  
The Relationship ◽  
Opening Up

The study focuses on analyzing the relationship between economic growth and foreign direct investment in Dong Nai. This study is based on the use of time series data collected from Dong Nai Statistical Office during the period 1997-2017 and using the VAR model to analyze this data. The results show there is a two-way relationship between foreign direct investment and economic growth in Dong Nai province. In other words, attracting of foreign investments has a positive impact on economic growth and vice versa. At the same time, the results also show that students and the opening up of the economy have impact on attracting foreign direct investment into the province. Based on the results achieved, the article puts forward some proposals on how to attract FDI in order to contribute to economic growth in Dong Nai.

scholarly journals ANALISIS PENGARUH REMITANSI, INVESTASI ASING LANGSUNG, IMPOR DAN PERTUMBUHAN EKONOMI DI INDONESIA

2020 ◽  
Vol 2 (4) ◽  
Author(s):  
Regina Septriani Putri ◽  
Ariusni Ariusni
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Positive Effect

Abstract : This study examined and analysis the effect of remittances, foreigndirect investment, imports, and economic growth in Indonesia in the long run andshort run. This study using Error Correction Model (ECM) method and using theannual time series data from 1989 to 2018. This study found that: (1) remittancehave an insignificant positive effect on economic growth in the long run and shortrun,(2)foreign direct investment have a significant positive impact on economicgrowth in the long run and short run, (3) import have an insignificant positiveimpact on economic growth both in the long run and short run. To increase theeconomic growth in the future, this study suggests the government to decresingimports of consume goods and increasing the inflow of capital goods, rawmaterial goods, remittances and foreign direct investment.Keyword : Remittance, Foreign Direct Investment, Import, Economic Growth andECM

scholarly journals The Nexus between Export and Economic Growth in Tanzania

2019 ◽  
Vol 1 (2) ◽  
pp. p95
Author(s):  
Romanus L. Dimoso (PhD, Economics) ◽  
UTONGA, Dickson (MSc. Economics)
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Series Data ◽  
Test Results ◽  
Causality Test ◽  
Goods And Services ◽  
Long Run ◽  
Causality Tests ◽  
The Government ◽  
Econometrics Analysis

This study explored the causal relationship between exports and economic growth in Tanzania. It analyzed time series data for the period of 1980 to 2015. Economic growth is measured in terms of growth per cent while exports are measured in percentage change of goods and services sold abroad. Econometrics analysis was employed in the due course. Such procedures as testing for the presence of unit root, co-integration and causality were done. Furthermore, the Johansen co-integration and Granger causality tests were employed to examine the long-run relationship among variables. The results of co-integration indicate the existence of one co-integrating equation. The causality test results exhibited causality which runs from economic growth to exports. The results conclude that, in the long run, there is a relationship between exports and economic growth in Tanzania. This study recommends the Government to make efforts to improve exports and eventually, in the long-run, rejuvenating the economy.

scholarly journals COINTEGRATING RELATION BETWEEN EXCHANGE RATE AND GOLD PRICE

2017 ◽  
Vol 5 (10) ◽  
pp. 263-269
Author(s):  
Ranjusha ◽  
Devasia ◽  
Nandakumar
Keyword(s):  
Exchange Rate ◽  
Time Series Data ◽  
Unit Root Test ◽  
Gold Price ◽  
Series Data ◽  
Annual Data ◽  
Causality Test ◽  
Long Run ◽  
Integration Test ◽  
The Relationship

The very purpose of this paper is to analyse the relationship between gold price and Rupee – Dollar exchange rate in India. The study utilises the annual data of exchange Rate (ER) and Gold Price (GP) from 1970 to 2015 to determine the relationship. Different econometric tools like Unit root test, Johansen co integration test, Vector error correction model, Granger causality test are used for detecting the long run relation, if any between the mentioned variables. The result shows that there exists a long run cointegrating relation between the variables. That is we can stabilise the Gold Price movement by controlling the exchange rate fluctuations. Likewise it also shows that Exchange rate doesn’t Granger cause to Gold price and vice versa. It means that the time series data of one vasriable cannot be used to predict another.

scholarly journals Investigating the Market Interest Rate on Commercial Banks Financial Performance in Bangladesh

2021 ◽  
Vol 5 (1) ◽  
pp. 3-12
Author(s):  
Debashis Saha ◽  
Prodip Chandra Bishwas ◽  
Md. Mustofa Ahmed Sumon
Keyword(s):  
Interest Rate ◽  
Financial Performance ◽  
Commercial Banks ◽  
Financial Stability ◽  
Banking Sector ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Market Interest Rate ◽  
The Relationship

The banking sector is the most vital partner of development for countries' economies. It has a remarkable contribution to the country's Gross Domestic Product. This study investigates the relationship between the market interest rate and commercial banks' financial performance. As Bangladesh's banking industry is growing, it is vital to maintain a more robust profitability level for its financial stability and soundness. Banks have some determinants that have a significant impact on their performance. The convenience sampling method is used to select the targeted sample. The study includes the time series data of eight years of fifteen commercial banks listed on the Dhaka Stock Exchange in Bangladesh. Multiple variable linear regression and correlation analysis are performed to examine the relationship of market interest rate with banks' profitability with statistical software, IBM SPSS version 25, and Microsoft excel. The study explored that the market interest rate has a significant positive impact on banks' profitability. It is also found that the lending rate and interest rate spread are significantly correlated with the banks' financial performance. The study recommended that banks make their investment to make a higher profit margin to enhance their management and financial soundness efficiency.

scholarly journals Relationship between Foreign Exchange Rate and Stock Price of Commercial Joint Stock Banks: Evidence from Vietnam

2016 ◽  
Vol 8 (7) ◽  
pp. 193 ◽  
Author(s):  
Tran Mong Uyen Ngan
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Stock Prices ◽  
Stock Price ◽  
Time Series Data ◽  
Foreign Exchange Rate ◽  
Series Data ◽  
Causality Test ◽  
Using Data ◽  
The Relationship

The relationship between foreign exchange rate and stock price is one popular topic that is interested by not only board managers of banks but also stock investors. By using data about foreign exchange rate between Vietnam Dong (VND) and United State Dollar (USD), stock prices data of nine commercial joint stock banks in Vietnam from the first day of 2013 to the last day of 2015, this paper try to answer the question “Does foreign exchange rate impact on stock price and vice verse?”. Applying Dickey Fuller test and Var Granger Causality test for the time series data, the results show that there is an impact of foreign exchange rate on stock price. Although the fluctuation in foreign exchange rate VND/USD causes the change in stock prices of commercial joint stock banks in Vietnam, however, the vector of this impact is not clearly. On the opposite way, the change in stock price does not cause the change in foreign exchange rate, this relation is one-way relation.

scholarly journals FOREIGN DIRECT INVESTMENT, WORKERS’ REMITTANCES AND PRIVATE SAVING IN PAKISTAN: AN ARDL BOUND TESTING APPROACH

2015 ◽  
Vol 16 (6) ◽  
pp. 1216-1234 ◽  
Author(s):  
Syed Ali Raza
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Unique Contribution ◽  
Domestic Investment ◽  
Causality Test ◽  
Private Savings ◽  
The Impact

The objective of this study is to investigate the impact of foreign direct investment (FDI) and workers’ remittances on private savings of Pakistan. This study employs ARDL bound testing co-integration approach, rolling window analysis, Granger causality test, Toda and Yamamoto Modified Wald causality test and variance decomposition test. Results indicate the significant positive impact of FDI and workers’ remittances on private savings in the long and short run. Causality analyses confirm the bidirectional causal relationship of FDI and workers’ remittances with private savings. It is recommended that policy makers should form friendly policies to attract more FDI and workers’ remittances in the country which leads to increase private savings in Pakistan. This leads to increase more fund for financial intermediaries to increase domestic investment opportunities in the country. This paper makes a unique contribution to the literature with reference to Pakistan, being a pioneering attempt to investigate the impact of FDI and workers’ remittances on private savings of Pakistan by using the long annual time series data and applying more rigorous econometric techniques.

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.

scholarly journals NIGERIA’S REVENUE ALLOCATION AND SUSTAINABLE ECONOMIC DEVELOPMENT

10.26458/1843 ◽  
2018 ◽  
Vol 18 (4) ◽  
pp. 97-112
Author(s):  
Cordelia Onyinyechi Omodero
Keyword(s):  
Economic Development ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Monthly Basis ◽  
Use Of Resources ◽  
Revenue Allocation ◽  
The Government

AbstractSustainability of economic development in Nigeria has been a serious challenge despite the huge revenue allocated to the three tiers of the government on a monthly basis from the federation account.  This recurring decimal has left the country in a pitiable condition with inadequate infrastructures to carry on economic activities.  The study examines the extent to which revenue allocation enhances economic development using time series data obtained from CBN Statistical Bulletin which covered a period from 1981 to 2016.  Ordinary Least Squares technique was employed and the findings revealed that FASG and NDSD have significant negative impact on PCI while FAFG has insignificant negative impact on PCI.  On the contrast, the result shows that FALG has a robust significant positive impact on PCI.  The study attributes this poor performance to misuse of resources and suggest that more stringent measures be employed by the government to fight graft in the public sector and among government officials.  This will help to curb corrupt practices and ensure efficient and effective use of resources to boost economic development.   Keywords: Revenue allocation, economic development, federation account, Resources, Nigeria.

scholarly journals Role of entrepreneurial activities for Nigeria’s economic recovery and growth (a case of studying Nigerian enterprises)

2021 ◽  
Vol 2021 (3) ◽  
pp. 77-87
Author(s):  
Chinazor Franca Obi
Keyword(s):  
Time Series Data ◽  
Positive Impact ◽  
Explanatory Power ◽  
Test Procedure ◽  
Least Square ◽  
Economic Recovery ◽  
Series Data ◽  
Johansen Cointegration Test ◽  
The Government ◽  
Entrepreneurial Activities

The paper presents the empirical analysis of the effect of entrepreneurship activity on the economic recovery and growth using SMEs in Nigeria. Two cities from each of the six geopolitical zones and four sectors of the economy were selected for the study. The total number of the selected four sectors form the population of the study while the sample size is seven hundred and twenty. The analysis employs the Ordinary Least Square techniques and time-series data for the economic recovery. The study adopts the Phillips-Perron test procedure to examine the stationarity of the study variables. The Johansen Cointegration test was employed to establish the cointegration of the variables and the unrestricted Error Correction Model was used to examine the speed of the alteration to the equilibrium. It has been inferred that the entrepreneurship activity and ERG are integrated of order (1(0)). This is established by the explanatory power of the models result of R value of 0.274 and R2 approximated to 0.075. The result shows a low positive impact of entrepreneurial activities on ERG. The study proves that, despite the crash in oil industry, the entrepreneurship has contributed positively to the Nigerian economy although at a low level. The study suggests that the government should support the development of entrepreneurship

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