scholarly journals INTERNATIONAL TRADE AND ITS EFFECT ON ECONOMIC GROWTH IN NIGERIA (1986-2017)

2020 ◽  
Vol 4 (2) ◽  
pp. 70-85
Author(s):  
S.A YUSUFF ◽  
TAIWO ADEKANYE ◽  
O.A BABALOLA
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Time Series Data ◽  
Trade Openness ◽  
Secondary Data ◽  
Output Growth ◽  
Least Square ◽  
Gdp Per Capita ◽  
Series Data ◽  
Per Capita

Purpose: International trade is believed to contribute significantly to the growth of an economy. In order to examine the contribution of international trade to the growth of the Nigerian economy, time series data was collected between 1986 and 2017 to investigate the trends of trade openness, investment, and expenditure on education and GDP per capita in Nigeria within the study period. It also examined the effect of trade openness on economic growth in Nigeria. Methodology: Annual secondary data was used for the study. Data on GDP per capita, trade openness, investment and expenditure on education were sourced from World Development Indicator and Central Bank of Nigeria Statistical Bulletin.  The study employed The Ordinary Least Square (OLS) methods to investigate the effects of trade openness on economic growth in Nigeria. Findings: Results showed that international trade is inversely related to GDP per capita within the study period however, the result is insignificant. Recommendation: The study recommended that government should adopt essential trade oriented policy to enhance economic growth via high exports in order to accumulate more foreign earnings to boost output growth in the country

scholarly journals Islamic Finance and Economic Growth Nexus: An Econometric Analysis

2019 ◽  
Vol 2 (1) ◽  
pp. 11-22
Author(s):  
Kashif Raza ◽  
Rashid Ahmad ◽  
Muhammad Abdul Rehman Shah ◽  
Muhammad Umar
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Trade Openness ◽  
Unit Root Test ◽  
Least Square ◽  
Series Data ◽  
Islamic Finance ◽  
Causality Test ◽  
Economic Agents ◽  
Fixed Capital Formation

Researchers have written chain of research papers about the dynamics of financial development and economic growth. The financial capital plays a productive role when it delivers to economic agents who are facing shortage or excess of funds.  This study explores the linkages among Islamic financing and economic growth for Pakistan, by using annual time series data from 2005-2018. Islamic banks’ financing funds used as a proxy of Islamic financing, Gross Domestic Product (GDP), Gross Fixed Capital Formation (GFCF), labor force (LF),Broad money(M) and Trade openness (TO) to presents real sector of an economy. For the exploration, the unit root test, Ordinary least square technique and Granger causality test are applied. The results validate a substantial causal relationship of Islamic financing and GDP, which supports the Schumpeter’s supply-leading view. The results indicate that Islamic finance contributed towards economic growth.  

Pengaruh pertumbuhan ekonomi, inflasi dan pengangguran terhadap tingkat kemiskinan di Sumatera Selatan

2019 ◽  
Vol 16 (1) ◽  
pp. 1-10
Author(s):  
Novegya Ratih Primandari
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Linear Regression ◽  
Linear Regression Model ◽  
Time Series Data ◽  
Secondary Data ◽  
Poverty Rate ◽  
Least Square ◽  
Series Data ◽  
Ordinary Least Square

This research aims to analyze effect of economic growth, inflation and Unemployment on the Rate of Poverty in the Province of South Sumatera. This research used secondary data in the form of time series data from 2001-2017. The method used quantitative approach by applying a linear regression model with OLS estimation Ordinary Least Square (OLS) method. The results of this study indicate that partially and simultaneously Economic Growth, Inflation and Unemployment have a significant effect on the Poverty Rate in the Province of South Sumatera.

scholarly journals PENGARUH PERTUMBUHAN EKONOMI TERHADAP KESEMPATAN KERJA DI PROVINSI SULAWESI TENGGARA

2018 ◽  
Vol 6 (2) ◽  
pp. 54
Author(s):  
Muhammad Nur Afiat
Keyword(s):  
Economic Growth ◽  
Quantitative Research ◽  
Time Series Data ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Least Square Method ◽  
Multiple Linear Regression Analysis ◽  
Least Square ◽  
Series Data ◽  
Employment Opportunities

This study was conducted with the aim to determine the effect of Economic Growth Rate on Employment Opportunities in Southeast Sulawesi Province 2000-2015. This research is a type of Quantitative research using secondary data in the form of time series data, ie from 2000-2015. Data source was obtained from Central Bureau of Statistics (BPS) and Bank Indonesia of Southeast Sulawesi Province. This study also uses multiple linear regression analysis tools with ordinary least square method (OLS) and then processed with application Eviews 8.0. The results of the study show that Economic Growth has a significant influence on Employment Opportunities in Southeast Sulawesi Province 2000-2015.

scholarly journals Trade Openness and Economic Growth in Indonesia

2020 ◽  
Vol 10 (2) ◽  
pp. 163-170
Author(s):  
Khoirul Ifa ◽  
Moh. Yahdi
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Time Series Data ◽  
Trade Openness ◽  
Generalized Method Of Moments ◽  
Series Data ◽  
Test Results ◽  
Rapid Economic Growth ◽  
The Impact

Economic growth and international trade are related to one another. International trade stimulates long-term economic growth. The more trade activities in a country, the more rapid economic growth; this trade is a key component of development in a country, its contribution is felt with the increasing economic growth in several countries. The purpose of this study looks at the impact of trade openness on economic growth in Indonesia in 1986-2017. This research is a quantitative study using time series data from 1986-2017, research data obtained from the world bank, data analysis techniques using the GMM method to see the impact of trade openness on economic growth. The test results using the Generalized Method of Moments analysis method show that all variables significantly influence the dynamics of economic growth in Indonesia. This result is proven by the t-statistic probability value, which shows a smaller value compared to the t-table value. Then the value also has a probability of less than α. It can be concluded that the variables of trade, FDI, inflation, and the number of workers have a significant effect on economic growth in Indonesia.

scholarly journals FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN MALAYSIA FROM 1990 TO 2019: VECM APPROACH

2021 ◽  
Vol 3 (8) ◽  
pp. 37-54
Author(s):  
Norhidayati Mohamed Zakaria ◽  
Mohamad Yazis Ali Basah
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Time Series Data ◽  
Global Financial Crisis ◽  
Gdp Per Capita ◽  
Series Data ◽  
Integration Test ◽  
Domestic Credit ◽  
Per Capita ◽  
The Relationship

Economists believe that efficient financial development is significant for building sustainable economic growth in any country. The global financial crisis, economic events and country’s uniqueness has resulted in continuous research to examine the relationship of financial and economic development using numerous methods and indicators which presented various simulation that led to different views on the linkages. Most of the studies had tested the indicators individually which resulted in less dynamic findings and creates a gap in the research. Hence, this paper aims to examine the relationship between financial development and economic growth in Malaysia by observing different economic indicators concurrently. This study using Malaysia’s annual time series data from 1990 to 2019. This study employs descriptive statistics, regression estimations, unit root test, Johansen co-integration test, VAR, and VECM modeling. The FTSE Kuala Lumpur Composite Index (FBMKLCI) and domestic credit as a percentage to GDP (DC) have been used as proxies for financial development while GDP per capita and Industrial Production Index (IPI) as proxies for economic growth. The findings reveal that FBMKLCI and domestic credit produces a significant relationship towards GDP per capita in the long run and short run. Contrary results found in FBMKLCI-domestic credit-IPI nexus whereby FBMKLCI and domestic credit demonstrate negative association towards IPI. As this study uses the same variables to indicates the relationship towards unalike economic growth gauge, more dynamic work and effort shall be considered to enhance the results. Government and respective institutions shall play their role effectively to revisit or formulate policy and law of the financial system to stimulate the growth of the Malaysian economy.

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 Trade Globalization and Its Impact on Welfare in Indonesia

2018 ◽  
Vol 8 (1) ◽  
pp. 59-74
Author(s):  
Yulinda Nurul Aini ◽  
Yanti Astrelina Purba ◽  
Ruth Meilliana
Keyword(s):  
Exchange Rate ◽  
Trade Openness ◽  
School Enrollment ◽  
Partial Least Square ◽  
Least Square ◽  
Gdp Per Capita ◽  
Series Data ◽  
Equation Modeling ◽  
Risk Of Death ◽  
Per Capita

Indonesia was experiencing trade globalization in the form of decreasing and uniforming tariffs and eliminating various non-tariff barriers. Trade globalization had a positive and negative impact on Indonesian's welfare. Therefore, this study aims to analyze the effect of Trades Globalization on Indonesians Welfare. The Trade globalization was measured by three variables, namely Trade Openness, Inflation, and Exchange Rate. While Indonesians Welfare was measured by three aspects, namely education aspect using School Enrollment, health aspect using Life Expectancy, and economic aspect using the GDP Per capita. The data used was time series data from 1971-2016. This study applied mix-methods, quantitatively using Structural Equation Modeling Partial Least Square (SEM-PLS) and qualitatively using desk study. The results indicated that Trade Openness and Exchange Rate were positive and significant indicators in measuring Trade globalization. In addition, School Enrollment and GDP Per capita were also positive and significant indicators in measuring Indonesians Welfare. In general, the test showed that Trade globalization had a negative and significant influence on Indonesians Welfare. This fact suggested the importance of controlling exchange rate stability in Indonesia because the exchange rate could affect people's ability to maintain lives through purchasing power. In addition, globalization measured through Trade Openness could be an accommodation to obtain new technology in various fields, such as in education to improve the quality of human resources, in the health sector to treat various diseases and reduce the risk of death, and in the economy, sector to increase Per capita income.

Convergence and determinants of change in nutrient supply

2015 ◽  
Vol 117 (12) ◽  
pp. 2880-2898 ◽  
Author(s):  
Kolawole Ogundari ◽  
Shoichi Ito
Keyword(s):  
Time Series Data ◽  
Trade Openness ◽  
Nutrient Supply ◽  
Least Square ◽  
Sub Saharan Africa ◽  
Series Data ◽  
Cross Sectional ◽  
Content Type ◽  
Convergence Process ◽  
Per Capita

Purpose – The purpose of this paper is to use cross-country data to investigate whether convergence process exists in per capital nutrient supply and also identify the determinants of change in per capita nutrient supply in sub-Saharan Africa (SSA). Design/methodology/approach – Annual time series data for 43 countries covering 1975-2009 that yields balanced panel were employed for the analysis. The convergence hypothesis is examined based on the neoclassical growth model using feasible generalized least square approach that is robust to autocorrelation and cross-sectional dependence. Findings – The empirical results lend support to existence of convergence process in nutrient supply in SSA. Evidence of convergence in nutrient supply may have contributed to observed reduction in incidence of food-poverty in the region, which aligns with the argument in literature that recent Africa food security gains are due to food imports. The results of the determinants of change in nutrient supply showed that, global food trade represented by trade openness consistently increased growth in nutrient supply across countries in SSA significantly. Meanwhile, the speed of convergence of per capita nutrient supply, which measures how quickly growth in nutrient supply increases over time is very low, as this calls for urgent policy attention in the region. Originality/value – The very first study to investigate convergence in food consumption and nutritional supply in SSA.

scholarly journals Educational Gender Gap, Economic Growth and Income Distribution: An Empirical Study of the Interrelationship in Cameroon

2017 ◽  
Vol 9 (3) ◽  
pp. 168
Author(s):  
Dobdinga C. Fonchamnyo ◽  
Nubonyin Hilda Fokong
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Income Distribution ◽  
Gender Gap ◽  
Time Series Data ◽  
Labour Force ◽  
Trade Openness ◽  
Least Square ◽  
Series Data ◽  
Theil Index

This study aimed at investigating the interrelationship existing between educational gender gap, economic growth and income distribution in Cameroon using time series data from 1970 to 2014 obtained from the World Bank Development indicators and University of Texas inequality project. For estimation, the three stage least square regression technique was employed to estimate the parameters of the system of equations. The econometrics results showed that, educational gender gap had a positive and significant effect on economic growth, while increase in income inequality deters growth in Cameroon. The results also revealed that the theil index of income inequality negatively and significantly affect the educational gender gap, while the proportion of female teachers in the labour force and trade openness had a positive influence on the educational gender gap. Based on the findings, it is recommended that policymakers should focus on socio-economic policies apt to reduce educational gender gap and income inequality and at promoting economic growth.

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