scholarly journals The Effects of External Debts on Economic Growth of Kyrgyzstan

2017 ◽  
Author(s):  
Tolkun Zhumakunova ◽  
Zhainagul Kydyralieva
Keyword(s):  
Economic Growth ◽  
Soviet Union ◽  
Foreign Currency ◽  
Time Series Data ◽  
Negative Impact ◽  
Empirical Studies ◽  
Foreign Debt ◽  
Series Data ◽  
Least Squares Regression ◽  
Adf Test

In developing countries, insufficient internal sources cause the increase of need on external sources. These countries in order to maintain their economic growth apply for external debt to cover the gap of foreign currency and savings. After the collapse of Soviet Union, Kyrgyzstan began to use external funds. It is very important to use these sources in accurate areas and efficiently. Most empirical studies indicate a negative correlation between foreign debt and economic growth, especially in those countries whose foreign debts are relatively high. This work examines the correlation between foreign debt and economic growth in Kyrgyz economy. Toward this objective, it uses the economic indicators of Kyrgyzstan between 1993 and 2015. The stationarity of time series data used in this study was tested by the ADF test. Than a least-squares regression analysis is performed. According to the findings of study, foreign debt in Kyrgyzstan have a negative impact on economic growth. According to results foreign debt should be reduced in order to increase the level of economic growth in Kyrgyzstan.

Relationship between Budget Deficit and Economic Growth: Evidence from Ethiopia

2021 ◽  
Vol 2 (2) ◽  
pp. 10-15
Author(s):  
Desalegn Emana
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Budget Deficit ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Negative Relationship ◽  
Nominal Exchange Rate ◽  
Series Data ◽  
Long Run

This study examined the relationship between budget deficit and economic growth in Ethiopia using time series data for the period 1991 to 2019 by applying the ARDL bounds testing approach. The empirical results indicate that budget deficit and economic growth in Ethiopia have a negative relationship in the long run, and have a weak positive association in the short run. In line with this, in the long run, a one percent increase in the budget deficit causes a 1.43 percent decline in the economic growth of the country. This result is consistent with the neoclassical view which says budget deficits are bad for economic growth during stimulating periods. Moreover, in the long run, the variables trade openness and inflation have a positive impact on Ethiopian economic growth, and on the other hand, the economic growth of Ethiopia is negatively affected by the nominal exchange rate in the long run. Apart from this, in the long run, gross capital formation and lending interest rates have no significant impact on the economic growth of the country. Therefore, the study recommends the government should manage its expenditure and mobilize the resources to generate more revenue to address the negative impact of the budget deficit on economic growth.

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.

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 THE IMPACT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA: A DYNAMIC ECONOMETRIC APPROACH

2021 ◽  
pp. 16-40
Author(s):  
Comfort Akinwolere Bukola ◽  
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Exchange Rate Volatility ◽  
Series Data ◽  
Balance Of Trade ◽  
Econometric Approach ◽  
The Impact

This study examined the impact of exchange rate volatility on economic growth in Nigeria. The study covers the period of 1986 to 2019. Using time series data, the methodology adopted is the Vector Error Correction Mechanism to explore the impact of exchange rate volatility on the selected macroeconomic variables. The result indicated that exchange rate volatility has a significant impact on economic growth, specifically it has a positive impact on inflation, unemployment and balance of trade. On the other hand it has a negative impact on economic growth and investment. The recommendations made include; that relevant authorities should try to avoid systematic currency devaluations in order to maintain exchange rate volatility at a rate that allows adjustment of the balance of payments.

scholarly journals Impact of Industrial Hollowing on Regional Economic Growth Rate: An Empirical Analysis based on Shanghai’s Data

2018 ◽  
Vol 14 (22) ◽  
pp. 223
Author(s):  
Yajie Bai ◽  
Maoguo Wu
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Time Series Data ◽  
Negative Impact ◽  
Empirical Test ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Producer Price ◽  
Economic Growth Rate ◽  
Labor Resources

The relation between industrial hollowing-out and Shanghai’s economic growth rate was analyzed by using ordinary least squares and ECM regression model. Data used in the empirical test was a monthly time series data from January 2003 to February 2017. Empirical results show Industrial producer price index, and the total amount of imports has a positive relationship with economic growth rate. However, fixed asset investment, land use cost, and labor resources cost have a negative impact on economic growth rate.

scholarly journals E-Fraud and Bank Performance: Empirical Evidence from Nigeria

2021 ◽  
Vol 06 (02) ◽  
Author(s):  
TYONA Timothy ◽  
Keyword(s):  
Empirical Evidence ◽  
Internal Control ◽  
Unit Root ◽  
Time Series Data ◽  
Unit Root Test ◽  
Series Data ◽  
Bank Performance ◽  
Least Squares Regression ◽  
Online Fraud ◽  
Adf Test

This study examines e-fraud and bank performance: empirical evidence from Nigeria. Expo facto research design was used while time series data for the period of ten (10) years sourced from Central Bank of Nigeria (CBN) statistical Bulletin. Unit root test and correlation matrix was used as a diagnostic tests. The Augmented Dickey Fuller (ADF) test is used to test for stationarity. The results of the stationarity or unit root test show that all the variables, return on equity (ROE), Automated Teller Machine Fraud (ATF) and Online Fraud (OLF) have unit roots and are only stationary at first difference and integrated of order one I (1). The fully modified least squares regression (FMOLS) is used for the analysis. The result of the study indicates that both variables, online fraud, (OLF) and ATM fraud (ATF) show negative effect on bank performance proxied in Nigeria in line with a priori expectation. In order words, fraud and fraudulent activities impede on the profitability of the banks. Based on the results obtained from the regression and the analysis conducted, the study recommends among others that bank managers should strengthen their internal control systems at all times. The regulatory authorities should be up and doing concerning their supervisory functions. Appropriate disciplinary measures should be taken against culprits of e-frauds so as deter others with such intentions. Also, banks should hold regular trainings for their Information Technology staff to counter the activities of fraudsters that use electronic means to commit fraud.

scholarly journals Impact of Human Capital Underutilization on Economic Growth: the Case of India

2021 ◽  
Author(s):  
Vijaya Kumar M ◽  
Balu B
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Negative Relationship ◽  
Series Data ◽  
International Labor Organization ◽  
Distributed Lag ◽  
Long Run ◽  
Integration Test ◽  
Adf Test

Abstract This study investigated the effect of human capital underutilization on the economic growth of India. It has used time-series data accessed from the International Labor Organization (ILO) and World Bank database. This paper estimated the relationship between the underutilization of human capital on economic growth by applying the econometric tests like Augmented Dickey-Fuller (ADF) Test, Johansen Integration Test, and the Autoregressive Distributed Lag (ARDL) model. The results revealed that in the long run human capital underutilization has a negative relationship on GDP and labor productivity and it does not in the short run. The study recommends that specific policy legislations in the Indian labor markets are required for addressing the problem of human capital underutilization and thereby accelerating the economic growth and productivity for the current and future generations.

scholarly journals The Relationship between Inflation and Economic Growth in Ethiopia

2018 ◽  
Vol 1 (3) ◽  
pp. 264-271
Author(s):  
Getachew Wollie
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Negative Impact ◽  
Threshold Level ◽  
Series Data ◽  
Developed Country ◽  
Policy Makers ◽  
Negative Effect ◽  
Policy Analysts ◽  
The Relationship

Since both inflation and economic growth are not a new concept rather their relationships are waited still now as a debatable issue among macro-economists, policy makers, policy analysts, politicians and even the population itself by giving their own analysis by conduct a research and assumption based on the trend as before. Basically, the aims of this seminar paper are to review the relationship between inflation and economic growth as well as to review the causes, sources, determinants and impacts of Ethiopian inflation. Most of the studies indicated above shown that, higher and volatile inflation is bad for the economy. On the other hand, lower and stable inflation is considered as a promoter of the economy. Then the question should focus on what level of inflation is harmful to economic growth? Many economists have made researches on estimating the threshold level of inflation using panel data for a number of countries and time-series data for single country cases and these researchers fix the threshold level of inflation for both developing and developed country. But in this seminar paper, quantifying or fix the exact number of threshold level of Ethiopian inflation and decide below this level inflation has a positive effect on growth and beyond this level it has negative impact on growth is very difficult by simply review previous literature without conducting actual research and make a deep analysis. Even if it is the case, based on the literature it is surely possible to conclude the inflation rate has a serious negative effect on the growth of one country’s economy especially in Ethiopia, if inflation has a double digit of an annual growth.

scholarly journals The Causality Between Industrial Development and Economic Growth: A Case of Pakistan

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Aaqib Qayyum ◽  
Nayab Khalid ◽  
Muhammad Usman
Keyword(s):  
Economic Growth ◽  
Industrial Development ◽  
Negative Impact ◽  
Industrial Sector ◽  
Energy Resources ◽  
Series Data ◽  
Industrial Construction ◽  
Times Series ◽  
Excessive Consumption ◽  
Adf Test

Industrial sector is the paramount factor in the development of economic growth. This study has analysed the industrial pantomime in case of Pakistan. Times series data has been used for 40 years, from 1980-2020. Initially the data has been checked for stationarity, by applying ADF, test which proved that, all the indicators are stationary at level. This confirms that, we are allowed to apply OLS regression analysis for the desired results. The study concluded that there has been positive and significant relationship between industrial construction and economy activity of Pakistan. Only factor that, induces negative impact on the economic growth, is the excessive consumption of energy resources; growth of electricity, gas and water supply. Foreign direct investment indicated negative association with the economy, but also gives the insignificant results.

scholarly journals Infrastructural Investments and Economic Growth: Evidence from Pakistan

2021 ◽  
Vol 7 (3) ◽  
Author(s):  
Muhammad Ayub ◽  
Rabia Rasheed ◽  
Rashid Ahmad ◽  
Furrukh Bashir
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Private Investment ◽  
Series Data ◽  
Water Projects ◽  
Public And Private ◽  
The Public ◽  
Long Run ◽  
Short Run ◽  
Adf Test

Purpose: The goal of this study is to make an attempt to find out the relationships between infrastructural investments and economic growth. Design/Methodology/Approach: The study employs time series data over the years from 1972 to 2020. To observe the long-run and short-run impact of infrastructural investments on economic growth, an ARDL modeling approach to co- integration is used that is most suitable technique over some other techniques of integration after inspecting the stationary level of data via ADF test. Findings: The findings of the study indicate that Investments on Railways, Roads, Gas Projects, Telecommunication, Water Projects and Power Projects appear as efficient factors for enhancing economic growth of Pakistan in the long run. Implications/Originality/Value: It is suggested that government should increase the public and private investment for development of Railways, Roads, Telecommunication and Water projects in Pakistan.

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