scholarly journals Micro Financing and Economic Development: A Sectorial Microcredit Study from Nigeria

2021 ◽  
Vol 04 (08) ◽  
Author(s):  
ZAAGHA, Alexander Sulaiman ◽  
Keyword(s):  
Economic Development ◽  
Real Estate ◽  
Capita Income ◽  
Agricultural Sector ◽  
Manufacturing Sector ◽  
Least Square ◽  
Series Data ◽  
Per Capita Income ◽  
Integration Test ◽  
Per Capita

This study examined the effect of sectorial microcredit allocation on Nigeria economic development. Time series data were sourced from Central Bank of Nigeria Statistical Bulletin from 1992-2019. Nigeria per capita income was proxied for dependent variables while microcredit to agricultural sector, mining and querying, manufacturing sector, real estate and construction and transport and communication were proxies for independent variables. The study employed descriptive statistics and multiple regression models to estimate the relationship that exists between sectorial microcredit allocation and economic development. Ordinary Least Square (OLS), Augmented Dickey Fuller Test, Johansen Co-integration test, normalized co-integrating equations, parsimonious vector error correction model and pair-wise causality tests were used to conduct the investigations and analysis. The study found that 59 percent variation on Nigeria per capita income can be traced to variation on microcredit allocation to the various sectors of the economy. microcredit to transport and communication have positive and no significant effect, microcredit to real estate and construction have negative but no significant effect, microcredit to manufacturing sector have negative and significant, microcredit to mining and querying have positive and significant effect while microcredit to agricultural sector have positive and significant effect on Nigeria per capita income. From the findings, the researcher concludes that microcredit allocation have significant effect on Nigeria economic development. It recommends that for re-introduction of the abolished compulsory sectorial lending operation and sectorial reforms to attract microcredit. Microfinance banks should be encouraged to increase their branches so as to reach out and provide loans to more clients in order to achieve greater investment purposes. Government should further encourage the activities of micro finance banks by creating enabling environment so that they can further support the growth of business enterprises in Nigeria.

scholarly journals EFFECT OF TAX REVENUE ON ECONOMIC DEVELOPMENT: EVIDENCE FROM NIGERIA

2021 ◽  
pp. 17-32
Author(s):  
Okenwa Ogbodo ◽  
Chike Nweze
Keyword(s):  
Economic Development ◽  
Capita Income ◽  
Income Tax ◽  
Series Data ◽  
Tax Revenue ◽  
National Bureau ◽  
Significant Positive Effect ◽  
Per Capita Income ◽  
Per Capita ◽  
Positive Effect

The main objective of this study is to ascertain the effect of Tax Revenue on Economic Development with a focus on Nigeria. The specific objectives were to determine; the effect of Companies’ Income Tax on Per Capita Income, Petroleum Profit Tax on Per Capita Incomeof Nigeria from 2000-2019. This study employed the use of time series data and Ex-post facto research design was adopted. Secondary data were sourced from Central Bank of Nigeria (CBN), Statistical Bulletin, Federal Inland Revenue Service (FIRS), World Bank Statistical Bulletin and Annual Abstract of Statistics from the National Bureau of Statistics (NBS). Inferential statistics of the hypotheses were carried out with the aid of E-views 10 statistical software using Ordinary Least Square (OLS) regression analysis, Granger Causality test. The study found that companies’ income tax has a significant positive effect on per capita income of Nigeria; petroleum profit tax has a significant positive effect on per capita income of Nigeria; It was recommended inter alia that federal government of Nigeria should underpin public financial management reforms, strengthen supervisory and transparency practices, improve tax administration, and fight tax evasion.

scholarly journals Factors Affecting the Domestic Price of Rice in Indonesia

JEJAK ◽  
2017 ◽  
Vol 10 (1) ◽  
pp. 155-171
Author(s):  
Wawan Hermawan ◽  
Fitrawaty Fitrawaty ◽  
Indra Maipita
Keyword(s):  
Exchange Rate ◽  
Capita Income ◽  
Least Square ◽  
Series Data ◽  
Domestic Price ◽  
Per Capita Income ◽  
Domestic Prices ◽  
Rice Prices ◽  
Per Capita ◽  
The Exchange Rate

This study aims to determine the factors that have dominant influence to domestic prices of rice. Ordinary Least Square is used to run model with time series data from BPS. The results of the study we found that domestic rice production and the exchange rate have negative effect on domestic rice prices, in contrast the international rice price and the level of income per capita. Domestic production of rice and international prices of rice do not significantly affect domestic prices of rice, while the exchange rate and per capita income significantly affect domestic prices of rice respectively at the alpha level of 10 and 1 percent. Per capita income is a the greatest influence on the formation of domestic prices of rice by the estimated coefficient of 3.5985. This condition also describe the level of society's dependence on rice consumption. The high of difference of domestic price of rice with the international rice prices can be detrimental to the community while providing a strong emphasis on increasing imports of rice as well as trigger the illegal market.

The Problem of Agricultural Taxation in West Pakistan and an Alternative Solution: A Comment (Notes & Comments)

1973 ◽  
Vol 12 (4) ◽  
pp. 433-437
Author(s):  
Sarfaraz Khan Qureshi
Keyword(s):  
Capita Income ◽  
Agricultural Sector ◽  
Central Government ◽  
Policy Implications ◽  
Farm Size ◽  
Per Capita Income ◽  
Tax Rate ◽  
Water Rate ◽  
Per Capita ◽  
The Government

In the Summer 1973 issue of the Pakistan Development Review, Mr. Mohammad Ghaffar Chaudhry [1] has dealt with two very important issues relating to the intersectoral tax equity and the intrasectoral tax equity within the agricultural sector in Pakistan. Using a simple criterion for vertical tax equity that implies that the tax rate rises with per capita income such that the ratio of revenue to income rises at the same percentage rate as per capita income, Mr. Chaudhry found that the agricultural sector is overtaxed in Pakistan. Mr. Chaudhry further found that the land tax is a regressive levy with respect to the farm size. Both findings, if valid, have important policy implications. In this note we argue that the validity of the findings on intersectoral tax equity depends on the treatment of water rate as tax rather than the price of a service provided by the Government and on the shifting assumptions regard¬ing the indirect taxes on imports and domestic production levied by the Central Government. The relevance of the findings on the intrasectoral tax burden would have been more obvious if the tax liability was related to income from land per capita.

A Successful Population Policy: Potentials and Constraints (Distinguishedl Lecture)

1993 ◽  
Vol 32 (4I) ◽  
pp. 411-431
Author(s):  
Hans-Rimbert Hemmer
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Population Growth ◽  
Capita Income ◽  
Population Policy ◽  
Mortality Rates ◽  
Per Capita Income ◽  
Access To Health Services ◽  
Industrial Countries ◽  
Per Capita

The current rapid population growth in many developing countries is the result of an historical process in the course of which mortality rates have fallen significantly but birthrates have remained constant or fallen only slightly. Whereas, in industrial countries, the drop in mortality rates, triggered by improvements in nutrition and progress in medicine and hygiene, was a reaction to economic development, which ensured that despite the concomitant growth in population no economic difficulties arose (the gross national product (GNP) grew faster than the population so that per capita income (PCI) continued to rise), the drop in mortality rates to be observed in developing countries over the last 60 years has been the result of exogenous influences: to a large degree the developing countries have imported the advances made in industrial countries in the fields of medicine and hygiene. Thus, the drop in mortality rates has not been the product of economic development; rather, it has occurred in isolation from it, thereby leading to a rise in population unaccompanied by economic growth. Growth in GNP has not kept pace with population growth: as a result, per capita income in many developing countries has stagnated or fallen. Mortality rates in developing countries are still higher than those in industrial countries, but the gap is closing appreciably. Ultimately, this gap is not due to differences in medical or hygienic know-how but to economic bottlenecks (e.g. malnutrition, access to health services)

INFRASTRUCTURE DEVELOPMENT IN MAJOR INDIAN STATES

Paradigm ◽  
1997 ◽  
Vol 1 (1) ◽  
pp. 119-124
Author(s):  
P.V. Rajeev
Keyword(s):  
Economic Development ◽  
Capita Income ◽  
Infrastructure Development ◽  
Per Capita Income ◽  
Indian States ◽  
Per Capita ◽  
Different Parts

Infrastructure bottlenecks may impose severe constraints on the process of economic development in India. The pattern of infrastructure development has not been uniform in different parts of the country. In this paper an attempt is made to study the extent of disparities that exist in infrastructure development in major states in India. It has been found that States with higher per capita income are also the ones where better progress has been achieved in infrastructure development.

scholarly journals Analysis of Factors Affecting Economic Growth in Bangka Belitung Province, Indonesia with LSDV And FGLS Methods

2018 ◽  
Vol 2 (1) ◽  
pp. 24
Author(s):  
Darman Saputra
Keyword(s):  
Panel Data ◽  
Local Governments ◽  
Capita Income ◽  
Oil And Gas ◽  
Random Effect ◽  
Least Square ◽  
Per Capita Income ◽  
Processing Industry ◽  
Factors Affecting ◽  
Per Capita

The Least Square Dummy Variable (LSDV) method can be used to estimate parameters in the panel data regression model incomplete one-way fixed effect. To produce the best model with GDP data of GRASB. Variables that do not occur heteroscedasticity and models that meet the smallest sum square of error is the variable Mining and Processing Industry, this variable affects the per capita income. The Feasible Generalized Least Square (FGLS) method can be used to estimate the regression parameters for incomplete panel data for a one-way random effect. In this model produce the best model with non-oil and gas GRDP data. The variables that fulfill it are the processing Industry, service, and agriculture of Forestry and Fishery.  Therefore looking at the above model can be concluded non-oil and Gas GRDP has three factors that affect per capita income in Bangka Belitung. This should be a reference of local governments to further improve the quality or production in agriculture and services because this potential is more promising for the future. Software used to analyze data in this paper is with R.

scholarly journals Socio-Economic and Demographic Factors of Poverty Alleviation in Pakistan: A Case Study of Southern Punjab

2020 ◽  
Vol 6 (2) ◽  
pp. 525-538
Author(s):  
Rashid Ahmad ◽  
Muhammad Zahir Faridi
Keyword(s):  
Rural Areas ◽  
Urban Areas ◽  
Capita Income ◽  
Household Head ◽  
Rural Poverty ◽  
Least Square ◽  
Per Capita Income ◽  
High Dependency ◽  
Per Capita ◽  
Dependency Rate

This study aims to explore the socio-economic and demographic determinants of poverty in Southern Punjab by using the cross sectional data consisting of 785 household heads. Binary logistic regression  and ordinary least square method are used for estimation. The findings exhibit that the variables like family system, household size, presence of disease and status of employment of household head are positively and significantly related to  poverty whereas household head age, rural-to-urban migration,  years of schooling,  number of earners, women status of work, remittances, the physical assets value and ownership of house significantly and negatively influence the likelihood of poverty and positively influence the per capita income of the households in Southern Punjab. The study also provides the comparison of regional and division level. It is concluded that DG Khan division is the poorest among all the divisions of the southern Punjab. In DG Khan Division, the households have less education, high dependency ratio. In rural areas of southern Punjab, there is more poverty as compare to urban areas. The rural poverty is due to many factors like high dependency rate, lower level of education, adoption of profession, lower per capita income, dissaving. It is suggested that education should be promoted, employment opportunity should be provided so that dependency rate may be reduced, rural areas should be restructured by provision of basic necessities of life.

scholarly journals Economic Development

2019 ◽  
Author(s):  
Karima Muthmaina
Keyword(s):  
Economic Development ◽  
Human Resources ◽  
Population Growth ◽  
Human Development ◽  
Capita Income ◽  
Economic Structure ◽  
Per Capita Income ◽  
Total Income ◽  
Development Indicators ◽  
Per Capita

Economic Development is a process of increasing total income and income per capita by contributing to population growth and fundamental changes in the economic structure of a country and income ranking for the population of a country. Indonesia's development should be for the development of Indonesia's human resources, so that the use of per capita income indicators is not only an indicator of the success of Indonesia's development. Regarding the matters in question above, the use of Human Development Indicators (HDI) becomes relevant.

scholarly journals ZAKAT AND ECONOMIC DEVELOPMENT: STUDY IN THREE MUSLIM COUNTRIES IN SOUTHEAST ASIA

2021 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
An’im Kafabih ◽  
Setyo Tri Wahyudi
Keyword(s):  
Economic Development ◽  
Capita Income ◽  
Panel Data Analysis ◽  
Per Capita Income ◽  
Analysis Model ◽  
Muslim Countries ◽  
Model Study ◽  
Majority Population ◽  
Per Capita ◽  
Douglas Production Function

The objective of this study is to analyze the effect of zakat on per capita income as one indicator of economic development. The data is analyzed by Cobb-Douglas production function and panel data analysis model. Study findings show that zakat significantly and positively affect on per capita income. This study also found that compared to Foreign Direct Investment (FDI), most popular instrument of government to increase economic development, zakat has a greater coefficient. In addition, Muslims as a majority population on average unable to contribute significantly to economic development. However, they could contribute to zakat as seen from increase in amount of zakat collection.

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