The Impact of Remittances on Economic Growth of Kyrgyzstan

Long Run ◽

The aim of this paper is to study the impact of remittances on the gross domestic product of Kyrgyz Republic, by using several empirical estimation methods, these are: the method of simultaneous equations, the Autoregressive Distributed Lag and Vector Autoregressive models. While there is a long run relationship between remittances and economic growth of Kyrgyzstan, according to the estimation results of the simultaneous models, there is statistically significant positive correlation of households’ final consumption and imports with remittances, and simultaneously significant positive effect of consumption on GDP, and significant, but negative impact of imports to GDP. Moreover, the small but significant impact of remittances on demand for domestic products were found.

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

JURNAL DINAMIKA EKONOMI PEMBANGUNAN ◽

10.14710/jdep.2.1.15-29 ◽

2019 ◽

Vol 2 (1) ◽

pp. 15

Author(s):

Ahmadi Murjani

Keyword(s):

Economic Growth ◽

Poverty Alleviation ◽

Macroeconomic Variables ◽

Distributed Lag ◽

Long Run ◽

Ardl Approach ◽

Short Run ◽

The Government ◽

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.

Workers’ Remittances in Yemen: Macroeconomic Determinants and Impact on Economic Growth

Management & Economics Research Journal ◽

10.48100/merj.2021.157 ◽

2021 ◽

Author(s):

Essa A. Alhannom ◽

Ghaleb S. Mushabeb

Keyword(s):

Economic Growth ◽

Planning Process ◽

Host Countries ◽

Macroeconomic Conditions ◽

Distributed Lag ◽

Long Run ◽

Inflation Rates ◽

Macroeconomic Determinants ◽

This study aims to examine the determinants of workers’ remittances and their impact on economic growth in Yemen. Autoregressive Distributed Lag (ARDL) bounds test to co-integration and error correction model (ECM) were applied on data covering the period from 1990 to 2014. According to the model of remittances determinants, workers’ remittances in Yemen respond to the macroeconomic conditions of both the home and host countries. It is found that, in the long-run, migrant stock and income level at the host countries are positively and strongly influence remittances level, with a feeble impact of domestic inflation rates. The effect of the home country’s income seems to be positive but insignificant in explaining the behavior of remittances level. The model of economic growth suggests that, in the long-run, the impact of workers’ remittances appears to be positive and moderate with positive and stronger influences observed for financial development and official development assistance. Accordingly, it is recommended that a lesser weight should be given to remittances in the strategic planning process, taking into consideration the increasing potentials of the conditions in the neighboring host countries to be changed. In addition, using remittances as a means of economic growth can be enhanced by encouraging migrants to direct their savings towards productive investment activities, and via formal channels.

Zakat and SDGs: Impact Zakat on Human Development in the Five States of Malaysia

International Journal of Zakat ◽

10.37706/ijaz.v2i1.15 ◽

2017 ◽

Vol 2 (1) ◽

pp. 61-69 ◽

Cited By ~ 2

Author(s):

Eko Suprayitno ◽

Mohamed Aslam ◽

Azhar Harun

Keyword(s):

Economic Growth ◽

Human Development ◽

Development Program ◽

Granger Causality Test ◽

Development Education ◽

Causality Test ◽

Distributed Lag ◽

Long Run ◽

Zakat is intended to stimulate economic development, education, social, human resources empowerment, religion health, and insurance programs. The seven programs above are implemented by the Malaysian government to improve economic growth. The aim of the study is to examine the impact zakat on human development program in Malaysia using the Autoregressive Distributed Lag (ARDL) bound testing approach. The analysis was carried out for the period from 1980–2009. The finding of the research reveals that zakat has a positive and significant influence on human development in five state in the short and long run. Zakat in Malaysia can be used as tool of fiscal policy that is decided in the states of Malaysia to stimulate human development and economic growth in the long run. Keyword: Zakat, Human Development, Granger causality test

THE CO-INTEGRATING RELATIONSHIP BETWEEN FINANCIAL INCLUSION AND ECONOMIC GROWTH IN THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

Eurasian Journal of Economics and Finance ◽

10.15604/ejef.2021.09.03.003 ◽

2021 ◽

Vol 9 (3) ◽

pp. 170-188

Author(s):

Oscar Chiwira ◽

Keyword(s):

Economic Growth ◽

Negative Impact ◽

Negative Relationship ◽

Financial Inclusion ◽

Information And Communications Technology ◽

Broadband Internet ◽

Distributed Lag ◽

Long Run ◽

Financial Monitoring ◽

This study examines the relationship between financial inclusion and economic growth in SADC. It uses panel data covering the period between 1995 to 2015 and employs the Autoregressive Distributed Lag (ARDL) Bounds and the Toda and Yamamoto and Dolado and Lutkepohl (TYDL) models to examine the co-integrating relationship and the direction of causality respectively. The impact of financial inclusion on economic growth, when measured by the mobile penetration rate and the number of bank branches, diminishes in the long run to an extent of having a negative relationship with economic growth. This implies possible thresholds beyond which a negative impact on economic growth is realized. The long-run influence of financial inclusion on economic growth is hinged on financial technologies, measured by fixed broadband internet services, which have great potential to foster unique financial inclusion and shift the economic paradigm, leading to a digitalized economy. Only financial inclusion initiatives that result in increased bank deposit accounts promote economic growth. SADC is encouraged to liberalize its information and communications technology sector in order to fully benefit from financial inclusion initiatives. In addition, SADC should consider embracing international financial monitoring standards so that it does not fall behind the inevitable integration of the financial sectors.

Advances in Educational Marketing, Administration, and Leadership - Intergenerational Governance and Leadership in the Corporate World ◽

On the Evolutionary Interplay Between Remittances, Financial Development, and Economic Growth

10.4018/978-1-5225-8003-4.ch004 ◽

2019 ◽

pp. 78-96

Author(s):

Ramzi Fahrani ◽

Azza Béjaoui

Keyword(s):

Economic Growth ◽

Financial Development ◽

Data Series ◽

Distributed Lag ◽

Long Run ◽

Ardl Approach ◽

Stable Economy ◽

Relationship Of ◽

In this chapter, the authors attempt to investigate the interaction between remittances and financial development and its impact on the economic growth over the period 1980-2016. In this respect, they apply the autoregressive distributed lag bound test (ARDL) approach on cross-country of data series from 1980 to 2016 to study the short- and long-run relationship of remittances and financial development with economic growth. The empirical results show that the direct effects of shipments on growth are significant. On the other hand, the impact of remittances on economic seems to be more significant by means of the financial development. It also shows that these shipments are more efficient in the case of a less developed informal sector, a politically stable economy, and a developed financial structure.

A Dynamic Analysis of the Impact of Fiscal Adjustment on Economic Growth: Evidence From Pakistan

SAGE Open ◽

10.1177/21582440211027167 ◽

2021 ◽

Vol 11 (2) ◽

pp. 215824402110271

Author(s):

Ibrar Hussain ◽

Jawad Hussain ◽

Arshad Ali ◽

Shabir Ahmad

Keyword(s):

Economic Growth ◽

Causality Test ◽

Distributed Lag ◽

Fiscal Adjustment ◽

Long Run ◽

Empirical Calibration ◽

Short Run ◽

S Model ◽

This study claims to be the first in assessing the short-run and long-run impacts of both the size and composition of fiscal adjustment on the growth in Pakistan. Empirical calibration has been made on Mankiw et al.’s model, while the Autoregressive Distributed Lag (ARDL) techniques of Pesaran et al. have been employed to carry out the estimation. To cure the problem of degenerate cases, the ARDL techniques have been augmented with the model of Sam et al. The analysis supports the hypothesis of “expansionary fiscal contraction” in the long run. The analysis reveals that the spending-based adjustment enhances the economic growth, whereas the tax-based adjustment would reduce the growth in the long run in the case of Pakistan. The Granger causality test indicates that the fiscal adjustments have been weakly exogenous, thereby allowing feedback effect from the economic growth toward the fiscal adjustment. Thus, the objective of sustained economic growth can be achieved through the spending-based consolidation measures.

The Nexus Among Economic Growth, Inflation and Unemployment in Bhutan

South Asia Economic Journal ◽

10.1177/1391561418822204 ◽

2019 ◽

Vol 20 (1) ◽

pp. 94-105

Author(s):

Ugyen Tenzin

Keyword(s):

Economic Growth ◽

Unemployment Rate ◽

Positive Association ◽

Economic Output ◽

Distributed Lag ◽

Long Run ◽

Short Run ◽

Employment Elasticity ◽

In order to understand the dynamics of unemployment in Bhutan at a macro-level, this study has explored the association among economic growth, inflation and unemployment from 1998 to 2016. The autoregressive distributed lag (ARDL) model was applied to estimate the impact of economic growth and inflation on unemployment. The results of this empirical analysis suggest that economic growth had no impact on the reduction of unemployment rate in Bhutan both in the short and in the long run. In fact, as the economic growth increased, so did the unemployment rate. However, inflation had a negative association with unemployment rate in the short run and a positive association in the long run. In other words, an increase in the employment rate led to an increase in the inflation in the short run. Likewise, if inflation is not monitored or controlled, the uncertainty of inflation can lead to lower investment and lower economic growth, thereby causing unemployment to rise in the long run. This study, therefore, recommends policymakers to take into account the employment elasticity with respect to economic output and focus on sectors, which have more absorptive capacity in engaging the young labour market entrants. JEL: B22, C22, E24, E31

Capital Flight and the Economic Growth: Evidence from Nigeria

Binus Business Review ◽

10.21512/bbr.v8i2.2090 ◽

2017 ◽

Vol 8 (2) ◽

pp. 125 ◽

Cited By ~ 1

Author(s):

Adedoyin I. Lawal ◽

Kelechi Promise Kazi ◽

Johnson Olabode Adeoti ◽

Osagie Godswill Osuma ◽

Sunday O. Akinmulegun ◽

...

Keyword(s):

Economic Growth ◽

Negative Impact ◽

Capital Flight ◽

Current Account Balance ◽

Foreign Direct Investments ◽

Domestic Investment ◽

Foreign Reserve ◽

Distributed Lag ◽

Long Run ◽

This research examined the impact of capital flight and its determinants on the Nigerian economy using the Autoregressive Distributed Lag (ARDL) model to analyze data source from the period of 1981 to 2015. The variables included current account balance, capital flight, foreign direct investments, foreign reserve, inflation rate, external debt, and the real gross domestic product. It was to examine the existence of a long run relationship among the variables studied. The result indicates that capital flight has a negative impact on the economic growth of Nigeria. Therefore, there is a need for government to implement policies that will promote domestic investment and discourage capital flight from Nigeria.

FDI-Led-Growth in Malaysia: Autoregressive Distributed Lag (ARDL) Bounds Testing Approach

International Business Research ◽

10.5539/ibr.v11n11p46 ◽

2018 ◽

Vol 11 (11) ◽

pp. 46

Author(s):

Jerome Kueh ◽

Yong Sze Wei

Keyword(s):

Economic Growth ◽

Financial Crisis ◽

Global Financial Crisis ◽

Negative Impact ◽

Positive Impact ◽

Bounds Testing ◽

Policy Makers ◽

Distributed Lag ◽

This study intends to investigate the validity of the foreign direct investment, FDI-led-growth hypothesis in Malaysia in this era. Autoregressive Distributed Lag (ARDL) bounds test approach is adopted to examine the impact of FDI inflow towards growth of Malaysia based on annually data from 1980 to 2016. Empirical results indicate that FDI inflow has significant positive impact on economic growth. This implies that FDI inflow remain important tool for stimulating economic growth of Malaysia. In addition, there is a negative impact of FDI inflow on economic growth during the 1997 Asian Financial crisis and positive impact during the 2008 Global Financial crisis. In terms of policy recommendation, the policy makers should continue to develop strategies to further attract FDI that will contribute to increasing the productivity in the country.

The Relationship between Democracy and Economic Growth in Tunisia: An Application of Autoregressive Distributed Lag Model

International Journal of Social Science Research ◽

10.5296/ijssr.v4i1.8870 ◽

2016 ◽

Vol 4 (1) ◽

pp. 137

Author(s):

Lamia Arfaoui ◽

Azza Ziadi ◽

Sonia Manai

Keyword(s):

Economic Growth ◽

Negative Impact ◽

Empirical Studies ◽

Distributed Lag ◽

Distributed Lag Model ◽

Long Run ◽

Equilibrium Relationship ◽

Lag Model ◽

The Relationship

This paper aims to identify the nature of the relationship between democracy and economic growth. We will answer the question: Does democracy improve economic growth? We study the case of Tunisia during the period from 1980 until 2014; this country has experienced a democratic transition after the revolution of 14 th January 2011. Our study is divided into two parts. The first part is a literature review of overview on the causality between democracy and economic growth. The second part as an application uses the Autoregressive Distributed Lag Model (ARDL). The choice of the technical SARL aimed the study of the existence of a long-run equilibrium relationship between two variables in level, a procedure co-integration has been proposed by Pesaran et al (2001). The results of different empirical studies were inconclusive. Some generated a negative impact of democracy on growth while others showed the opposite. The empirical results of our work have shown that in a nascent democracy such is the case of Tunisia; democracy has no effect on economic growth in the short term. It is to add an observation rate of GDP during the period post -revolution generated a sawtooth trend which demonstrates the unstable economic situation in the country.