Role of Construction Sector in Economic Growth: Empirical Evidence from Nigeria

2012 ◽  
Vol 7 (1) ◽  
Author(s):  
TO Oladinrin ◽  
DR Ogunsemi ◽  
IO Aje
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Construction Sector

scholarly journals Does Stock Market Performance Affect Economic Growth? Empirical Evidence from Saudi Arabia

2019 ◽  
Vol 11 (9) ◽  
pp. 21 ◽  
Author(s):  
Moayad H. Al Rasasi ◽  
Soleman O. Alsabban ◽  
Omar A. Alarfaj
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Stock Prices ◽  
Causality Test ◽  
Steady State Condition ◽  
Long Run ◽  
Stock Market Performance ◽  
Cointegration Tests ◽  
The Impact

This research paper investigates the impact of stock prices on real economic activity in the Saudi Arabian economy. We utilize various econometric techniques – Johansen and Juselius’s (1990) cointegration tests and Granger’s (1969) causality test – to assess such a relationship, based on quarterly observations spanning the period from the first quarter of 2010 to the fourth quarter of 2018. Our empirical evidence indicates the presence of a significant cointegrating relationship between the two variables being examined; in other words, stock prices have a significant impact on real economic growth. Specifically, the estimated long-run relationship reveals that a 1 percent increase in stock prices would boost economic growth by 0.32 percent. In addition, the error correction model suggests that when the economy deviates from its steady state condition, it needs about a year and a half to return to its equilibrium condition. Lastly, this paper applies the most common Granger causality test, which confirms the essential role of stock prices in predicting changes in economic growth.

scholarly journals THE STUDY OF GROWTH FACTORS OF THE PROFIT ORIENTED BUSINESS IN THE CONSTRUCTION INDUSTRY

2018 ◽  
Vol 6 ◽  
pp. 361-365
Author(s):  
Sergey Oparin ◽  
Nikolay Chepachenko ◽  
Marina Yudenkо ◽  
Irina Kuzovleva
Keyword(s):  
Economic Growth ◽  
Transaction Costs ◽  
Construction Industry ◽  
Institutional Factors ◽  
Construction Sector ◽  
Construction Process ◽  
Construction Companies ◽  
Number Of Factors ◽  
The Impact

This study concluded that the problems of economic growth are determined by a number of factors, the main of which are – economic, industrial, technological, institutional, non-economic. The article focuses on the analysis of institutional factors which regulate companies’ activities by reducing the impact of administrative barriers. This article identifies the role of economic efficiency and its influence on the economic growth of the construction industry businesses. This article offers a method of profit calculation by the reduction of transaction costs. This method is adapted to the construction sector, which features a number of independent and related fields, a large number of participants of the construction process and institutions that altogether lead to the occurrence of administrative barriers. The calculations that were done confirm that the reduction of transaction costs affects the efficiency of construction companies. The resulting extra profit, from reducing the transaction costs, is a source of economic growth for companies in the construction industry.

Culture based development: empirical evidence from Shilpgram Fair, Rajasthan

2015 ◽  
Vol 7 (4) ◽  
pp. 393-402 ◽  
Author(s):  
Shweta Tiwari
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Financial Development ◽  
Design Methodology ◽  
Tourism Development ◽  
Secondary Data ◽  
Rural Life ◽  
Content Type ◽  
Group Association

Purpose – The purpose of this paper is to investigate the role of culture in economic growth in areas where the Shilpgram fair is facilitated in Rajasthan. Design/methodology/approach – The data are acquired through primary and secondary data with individual meetings, interviews and questionnaires. Findings – The study uncovered that the Shilpgram fair is expanding mindfulness and financial development of rural life and crafts particularly for younger people. Originality/value – This study presents recognition of the financial effects of tourism on neighbouring group association in tourism development.

scholarly journals QUALITATIVE INPUT-OUTPUT ANALYSIS OF THE BRAZILIAN STRUCTURAL TRANSFORMATION, 2005 - 2014

2021 ◽  
Vol 25 (1) ◽  
Author(s):  
Henrique Morrone
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Structural Transformation ◽  
Economic Structure ◽  
Construction Sector ◽  
Input Output ◽  
Output Analysis ◽  
Input Output Analysis ◽  
Sustainable Economic Growth

ABSTRACT This paper investigates the changes to the essential economic structure of the Brazilian economy from 2005 to 2014. It uses the method of qualitative input-output analysis and its extensions, applied by Aroche-Reyes (1996) and Gosh and Roy (1998), to verify the pattern of structural change, the number of dynamic sectors, and to examine whether there has been change in the role of sectors in this period. The results indicate a change in the structure of the economy, leading to a decrease in intersector and intrasector economic linkages. In this context, the construction sector remains central, presenting a substantial number of important coefficients. However, the total number of important coefficients diminished in the whole period, indicating a deteriorated economic structure. This fact points to a restriction in the nation’s sustainable economic growth.

scholarly journals Let it float: new empirical evidence on de facto exchange rate regimes and growth in Latin America

2021 ◽  
Vol 32 (65) ◽  
pp. 3-18
Author(s):  
Cecilia Bermúdez ◽  
Carlos Dabús
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Exchange Rate ◽  
Empirical Evidence ◽  
Latin American ◽  
Exchange Rate Regimes ◽  
The Other ◽  
Determinants Of Economic Growth ◽  
Latin American Countries

This paper reassesses the evidence presented in Levy-Yeyati and Sturzenegger (LYS) (2003) on the relation between exchange rate regimes and economic growth. We use their de facto classification as well as their database, in order to gain robustness and efficiency in the results. We run System GMM estimations. Additionally, we focus on Latin American countries for the period 1974-2004. Differently to LYS, our evidence indicates that exchange rate regimes are not significant to explain economic growth, both in a worldwide sample of countries and particularly in Latin America. However, in this region flexible regimes appear to have more advantages in terms of the role of the determinants of economic growth in relation to the other exchange regimes.

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