scholarly journals IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA

2021 ◽  
Vol 5 (2) ◽  
Author(s):  
Timothy Ogbemudiare Ideh ◽  
Maria Chinecherem Uzonwanne
Keyword(s):  
Economic Growth ◽  
External Debt ◽  
Secondary Data ◽  
Least Square ◽  
Domestic Investment ◽  
Public Deficit ◽  
Macroeconomic Indicators ◽  
Development Indicator ◽  
World Development Indicator ◽  
The Impact

Following the rising spate of the debt profile of Nigeria and the fluctuating trend in her macroeconomic indicators, this study critically examined the impact of external debt on economic growth in Nigeria in the period, 1985 to 2019 by examining the causality between external debt stock and economic growth in Nigeria and identify the impact of external debt servicing on economic growth in Nigeria. The study employed the Harrod-Domar theory of economic growth and the Two-Gap model as theoretical framework to explain the impact of external debt on economic growth in Nigeria. The study made use of secondary data sourced from World Development Indicator 2019. Ordinary least square (OLS) technique was adopted for the regression analysis. The data were analyzed with the aid of e-view software (9th edition). The result showed that external debt has negative and insignificant impact on economic growth in Nigeria. Therefore, the study recommended the use of tax revenue to finance public deficit, encouragement of foreign direct investment and domestic investment through improvement in infrastructural facilities and an enabling environment devoid of political and economic instability. JEL: E32, E41, F33, F34, F43 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0892/a.php" alt="Hit counter" /></p>

scholarly journals The INFLUENCE OF PRODUCTION FACTORS TOWARD ECONOMIC GROWTH IN INDONESIA

2019 ◽  
Vol 4 (1) ◽  
pp. 44-46
Author(s):  
Wilson Bangun
Keyword(s):  
Economic Growth ◽  
Secondary Data ◽  
Least Square ◽  
Production Factor ◽  
Domestic Investment ◽  
Ordinary Least Square ◽  
Production Factors ◽  
The People ◽  
Data Production ◽  
Using Data

Economic growth as a mesurement and reflect of the people prosperity. Employee production factor have a better contribution if  to compare with capital and technology production factors on Indonesian economic growth. However, Indonesian workforce quality is lowest in ASEAN-5. The research methodology is using the Cobb-Douglas production function with the Ordinary Least Square (OLS), the using equation formulation: lnY = ln a + bi  +e. This research using data is secondary data: production factors using data of progressing of FDI and domestic investment, source of  the World Bank, 2004-2016; Employment is using data of progressing of Indonesia workforce,  sourced from the Biro Pusat Statistik Republik Indonesia, 2004-2016. The research results show that influence of the production factors toward Indonesia economic growth is strongly. This researchs aim to knowledge a large the contribution of production factors on Indonesian Economic growth.

scholarly journals Analysis the Effect of Household Consumption Expenditure, Investment and Labor to Economic Growth: A Case in Province of North Sumatra

2018 ◽  
Vol 28 (4) ◽  
pp. 45-54
Author(s):  
Richna Handriyani ◽  
M.M. Sahyar ◽  
M. Arwansyah
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Positive Impact ◽  
Secondary Data ◽  
Least Square Method ◽  
Household Consumption ◽  
Least Square ◽  
Domestic Investment ◽  
Department Of Labor ◽  
North Sumatra

Abstract This research is important because the commencement of the Asean Economic Community (MEA) has a positive impact that is spurring the growth of investment from within and outside the country, so that domestic investment has the potential to increase which will increase the number of employment for Indonesian workers especially in province of North Sumatera.This study aims to: identify the effect of household consumption on economic growth, identify the effect of investment on economic growth, identify the influence of Labor on economic growth, and identify the effect of interest rate on economic growth . The data used in this research were secondary data in 2006-2016 in Province of North Sumatera. Data obtained from various agencies, namely: Department of Labor and Transmigration, Central Statistics Agency of Province of North Sumatra, some other sources such as journals and relevant research results. Methods of analysis using Two Stage Least Square method (TSLS). The results of this study found that: Household consumption has a positive and significant effect to economic growth, Investment has positive and significant effect to economic growth, Labor has positive and significant impact to economic growth, and Interest rate has a negative and significant effect on economic growth.

scholarly journals Impact of Agricultural Financing on Nigeria Economy

2019 ◽  
pp. 1-13 ◽  
Author(s):  
Ayodele E. Ademola
Keyword(s):  
Economic Growth ◽  
Financial Institutions ◽  
Productivity Growth ◽  
Agricultural Sector ◽  
Secondary Data ◽  
Least Square ◽  
Macroeconomic Policies ◽  
Agricultural Finance ◽  
Ordinary Least Square ◽  
The Impact

The importance of agricultural surplus for the structural transformation accompanying economic growth is often addressed by development economists. In view of this, the study empirically assesses the impact of agricultural finance on the growth of Nigerian economy. This paper employed secondary data and econometric techniques of Ordinary Least Square (OLS) of multiple regression estimates. The result of the model used suggests that the productivity of investment will be more appropriately financed with resources administered by the commercial and specialized financial institutions. And also, that there are an urgent and sincere needs to expand the credit size to the agricultural sector in order to enhance the productivity growth of the sector. It is recommended that maintenance of credible macroeconomic policies that is pro-investment in overhauling the Agricultural Sector and debt-equity swap option are necessary for an agricultural-led economic growth.

IMPACT OF CAPITAL MARKET REFORMS ON ECONOMIC GROWTH: The Nigerian Experience

2012 ◽  
Vol 02 (02) ◽  
pp. 20-30
Author(s):  
OKE MICHAEL OJO ◽  
ADEUSI S.O.
Keyword(s):  
Economic Growth ◽  
Capital Market ◽  
Stock Exchange ◽  
Secondary Data ◽  
Least Square Method ◽  
Least Square ◽  
Market Reforms ◽  
Political Issues ◽  
The World ◽  
The Impact

This study examines the impact of capital market reforms on the Nigerian economic growth between 1981 and 2010. The prevailing challenges in the World financial markets; especially the capital market justifies the various forms of reforms going on around the World. The ordinary least square method of regression and the Johansen co-integration analysis were employed to analyse the secondary data sourced from the Central Bank of Nigeria statistical bulletin, the Nigeria Stock Exchange Fact book and the Nigeria Security and Exchange Commission Reports. The results show that capital reforms positively impact the economic growth. The study recommends among others that government should objectively evaluate enacted laws and reforms agenda in a manner that will enhance economic growth rather than considering political issues before embarking on reforms.

scholarly journals Financialization of the global economy: Macroeconomic implications and policy challenges for Ukraine

2021 ◽  
Vol 18 (1) ◽  
pp. 151-164
Author(s):  
Tetiana Bogdan ◽  
Vitalii Lomakovych
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
External Debt ◽  
Foreign Direct Investments ◽  
External Shocks ◽  
Domestic Investment ◽  
Credit System ◽  
Boom And Bust ◽  
Macroeconomic Implications ◽  
The Impact

The acceleration of the global economy’s financialization with the spread of the COVID-19 pandemic highlights the risks of financial markets volatility, boom and bust cycles, violation of price stability, and debt sustainability. In such conditions, the high degree of Ukraine economy’s external openness, significant amounts of external debt, and lack of domestic investment and credit resources raise the issue of external financial threats to the national economy. This study aims to identify the risks of financialization and debt accumulation across the globe, specify protective arrangements and vulnerabilities of Ukraine’s credit system to external shocks and develop a set of policy actions for global risks mitigation in Ukraine. To achieve this goal, available theoretical sources and policy studies were reviewed, and international databases of financial indicators have been analyzed. As a result, the underdevelopment of the financial system in Ukraine and insufficient use of the credit levers by the private sector are revealed, which impede economic growth but simultaneously mitigate the impact of external shocks in Ukraine’s economy. On the other hand, high external debt reliance is confirmed, which increases the risks of financialization and cross-border capital flows for Ukraine’s economy. A set of financial and organizational measures (targeted at eliminating credit and debt distortions in Ukraine and creating a financial basis for sustainable economic growth) are devised; they refer to development of the national capital market, fiscal policy adjustment, acceleration of the foreign direct investments inflows, shifts in the NBU’s monetary policy, and the management of foreign exchange reserves.

scholarly journals An Empirical Analysis of Public Borrowing and Economic Growth in Nigeria

2020 ◽  
pp. 243-248
Author(s):  
Ayodele Thomas Duro ◽  
Williams Harley Tega ◽  
Afolabi Taofeek Sola ◽  
Adeyanju David Olanrewaju
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Time Series Data ◽  
External Debt ◽  
Negative Relationship ◽  
Secondary Data ◽  
Debt Management ◽  
Domestic Product ◽  
Series Data ◽  
The Impact

This study seeks to evaluate the impact of public borrowing on economic growth in Nigeria using time series data from 1980 to 2018. Specifically, the study seeks to analyze the effect of domestic debt (proxy by Federal Government Bonds-FGB) and external debt (proxy by International Monetary Fund Loan-IMFL) on Nigerian’s Gross Domestic Product (GDP). To achieve this objective, secondary data was collected from the Central Bank of Nigeria Statistical bulleting and the Debt Management Office of Nigeria. A multiple regression model involving the dependent variable (GDP) and the independent variables (FGB and IMFL) was formulated and subjected to econometric analysis. These variables were adjusted with the Jarque-bera test of normality while the correlation result was used to check the possibility of multi-collinearity among the variables. The t-test was used to answer the research questions and test the formulated hypotheses at the 5percent statistical level. Results from the analysis show that a positive relationship exists between IMF Loan and Nigeria’s gross domestic product, while a negative relationship exists between FG Bonds and Nigeria’s gross domestic product, which violates the Keynesian theory of public debt. The study concludes that both domestic and external debt significantly affect economic growth in Nigeria. Therefore, it was recommended that public borrowing should be efficiently used and contracted solely for economic reasons and not for social or political reasons as this will help to avoid accumulation of debt stock over time.

scholarly journals DAMPAK KESEHATAN TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

Jurnal Ecogen ◽  
2019 ◽  
Vol 1 (3) ◽  
pp. 578
Author(s):  
Dio Prananda ◽  
Idris Idris ◽  
Dewi Zaini Putri
Keyword(s):  
Economic Growth ◽  
Life Expectancy ◽  
Secondary Data ◽  
Least Square ◽  
Fertility Rates ◽  
Ordinary Least Square ◽  
Descriptive Research ◽  
The Impact

This study aims to determine and analyze the impact of life expentacy, fertilitiy rates, morbidity rates, and investment on economic growth in Indonesia. This type of research is associative descriptive research, where the data used was secondary data from 1985 to 2015 obtained from related institutions, which are analyzed using the Ordinary Least Square (OLS) method. The findings of this study indicate that life expectancy, fertility rates, morbidity rates, and investment have a significant effect on economic growth in Indonesia.   Keywords: life expectancy, fertility rates, morbidity rates, investment, and Ordinary Least Square (OLS)

scholarly journals Analisis faktor-faktor yang mempengaruhi pertumbuhan ekonomi di Kabupaten Sarolangun

2019 ◽  
Vol 7 (2) ◽  
pp. 83-100
Author(s):  
Rosminah Rosminah ◽  
Rahma Nurjanah ◽  
Etik Umiyati
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Linear Regression ◽  
Government Spending ◽  
Time Series Data ◽  
Secondary Data ◽  
Least Square ◽  
Series Data ◽  
Domestic Investment ◽  
Ordinary Least Square

Investment (PMDN) and government expenditures have on economic growth in Sarolangun Regency. The type of data used is secondary data in the form of time series data for 2000-2017, in the form of data on economic growth, the number of workers, PMDN, and government spending. The analytical method used in this study is multiple linear regression or Ordinary Least Square (OLS). Based on the analysis results indicate that the workforce has a positive and significant effect on economic growth. PMDN has a positive and significant effect on economic growth. Likewise, government spending has a positive and significant effect on economic growth. Keywords: Economic growth, Labor, Domestic investment (PMDN), Goverment expenditure.

scholarly journals THE IMPACT OF COVID-19 PANDEMIC ON THE TOURISM SECTOR IN INDONESIA

Riset ◽  
2021 ◽  
Vol 3 (1) ◽  
pp. 389-401
Author(s):  
Jan Horas Veryady Purba ◽  
Ritha Fathiah ◽  
Steven Steven
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Secondary Data ◽  
Equation Model ◽  
Least Square ◽  
Series Data ◽  
Tourism Sector ◽  
Before And After ◽  
Negative Effect ◽  
The Impact

The tourism is one of the strategic sectors and has an important role as a source of foreign exchange and encourages national economic growth. Since March 2020, the Covid-19 pandemic has begun to enter Indonesia, and the cumulative infection curve has not sloped, and is still increasing exponentially until now. This phenomenon has resulted in a contraction in the Indonesian economy or created negative economic growth, as well as creating very bad conditions for the tourism sector in Indonesia. This study aims to examine the influence of the Covid-19 pandemic on tourism and its implications for economic growth in Indonesia. The data used are quarterly time series data before and after the Covid-19 Pandemic (2018-2020). This study uses a regression equation model that is estimated by using ordinary least square (OLS). Secondary data used are data air transport and hotel accommodation, as a proxy for tourism variables. The results show that the Covid-19 Pandemic has a negative effect on Indonesian tourism, and has negative implications for Indonesia's GDP. From the simulation results, the findings of this study also calculate the amount of potential lost in the Turism and Indonesian economy during the Covid-19 Pandemic.

scholarly journals Analysis of the Effect of Investment, Labor Force and Infrastructure on Economic Growth in North Sumatra Province

2021 ◽  
Vol 8 (10) ◽  
pp. 184-195
Author(s):  
Taufik Akbar ◽  
Tarmizi . ◽  
Syafii .
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Foreign Investment ◽  
Labour Force ◽  
Secondary Data ◽  
Least Square ◽  
Infrastructure Development ◽  
Domestic Investment ◽  
Value Realization ◽  
North Sumatra

A significant amount of value investment can absorb much labor and increase public consumption to become productive. Infrastructure development is believed to facilitate the mobility of goods and people from one area to another to accelerate and streamline the economic process. The purposes of this study were to analyze the effects of the value realization of Domestic Investment, the value realization of Foreign Investment, the labor force, and infrastructure partially and simultaneously on the economic growth of North SumatraProvince. The data in this study is secondary data sources on the Statistics Indonesia (BPS) report of Province SumatraUtara, particularly the data from 1990-2019. The data examined included Gross Domestic Regional Product, Value Realization of Domestic Investment, Foreign Investment, Labour Force, and road infrastructure. The data collection method used is the method of documentation. The model used is the Ordinary Least Square (OLS) model, which is analyzed by multiple regression. The results showed that, partially, there were positive and significant effects on the value realization of Domestic Investment, labor force, and infrastructure. Meanwhile, Foreign Investment showed a positive effect but not significant. Simultaneously, the realization of Domestic Investment, the realization of Foreign Investment, the labor force, and infrastructure were positive and significant on the economic growth of North Sumatra Province at the level of α = 5%. Keywords: value realization of domestic investment, foreign investment, labor force, infrastructure.

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