scholarly journals Effect of Government Capital Expenditure on Manufacturing Sector Output in Nigeria

2015 ◽  
Vol 5 (2) ◽  
pp. 136 ◽  
Author(s):  
Falade Olanipekun Emmanuel ◽  
Olagbaju Ifeolu Oladiran
Keyword(s):  
Time Series Data ◽  
Positive Impact ◽  
Capital Expenditure ◽  
Manufacturing Sector ◽  
Government Expenditure ◽  
Percent Level ◽  
Relative Effect ◽  
Series Data ◽  
Econometric Evidence ◽  
Negative Effect

<p class="ber"><span lang="EN-GB">The study investigates the relationship between government expenditure and manufacturing sector output in Nigeria. Government expenditure is disaggregated into capital and recurrent with a view to analyse the relative effect of these categories of government expenditure with emphasis on the capital component. The study employed time series data from 1970 to 2013.  Data on manufacturing sector output, capital and recurrent expenditure, nominal and real Gross Domestic Product (GDP), exchange rate and interest rate were collected from Statistical Bulletin and Annual Report and Statement of Accounts published by the Central Bank of Nigeria (CBN). Econometric evidence revealed stationarity of the variables of interest at their first difference while the Johansen cointegration approach also confirms the existence of one cointegrating relationship at 5 percent level of significance. In addition, error correction estimates revealed that while government capital expenditure has positive relationship with manufacturing sector output in Nigeria, recurrent expenditure exerts negative effect on manufacturing sector output. The results showed that one per cent increase in government capital expenditure resulted in an increase of 11.2 per cent in manufacturing sector output while recurrent expenditure decreases it by 26.9 per cent. This reveals that government capital expenditure has positive impact on manufacturing sector output. The study therefore suggests that larger percentage of government expenditure in the annual budget should be on capital component coupled with improved implementation of expenditure policies rather than recurrent expenditure which does not really have a significant impact on the manufacturing sector.</span></p>

Impact of Health and Agriculture Financing on Economic Growth in Nigeria

2021 ◽  
Vol 7 (18) ◽  
pp. 37-58
Author(s):  
Rasaki Olufemi KAREEM ◽  
◽  
Olawale LATEEF ◽  
Muideen Adejare ISIAKA ◽  
Kamilu RAHEEM ◽  
...  
Keyword(s):  
Economic Growth ◽  
Federal Government ◽  
Causal Relationship ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Health Sector ◽  
Series Data ◽  
The Impact

The study focused on the impact of health and agriculture financing on economic growth in Nigeria from 1981 to 2019. The study utilized the time series data which was extracted from Central Bank of Nigeria annual statistical bulletin. Unit Root test was performed with the use of Augmented Dickey-Fuller test in order to ascertain the stationarity of all the variables and they were all found to be stationary at order 1 in the two specified models (composite and disaggregated). Error Correction Model (ECM) was used to analyze the data in order to determine the speed of adjustment from the short run to the long run equilibrium state. Casualty test was used to confirm causal relationship among the variables of interests. The study revealed that Federal Government expenditure in Health sector has a significant effect on economic growth in Nigeria. Federal Government expenditure in Agricultural sector equally had a positive effect on economic growth but surprisingly not significant. Considering the disaggregated form, Federal Government capital expenditure in both Health and Agricultural sectors have positive and statistically significant effect on economic growth while Federal Government recurrent expenditure on health has a positive and statistically insignificant effect in economic. It was also revealed that there is causal relationship among the variables. Based on the findings, the study concluded that Federal Government Expenditure in Health Sectors and Agriculture Sectors have effect on economic growth in Nigeria.

scholarly journals Effect of Government Expenditures and Banking Loan Distribution on the Performance of Human Resource Development in Papua Province

2019 ◽  
Vol 3 (2) ◽  
pp. 86
Author(s):  
Hendricus Lembang
Keyword(s):  
Human Resource Development ◽  
Educational Level ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Private Investment ◽  
Bank Loan ◽  
Series Data ◽  
Section Data ◽  
Capital Spending

The research aims to analyze government expenditure on capital spending and bank loan as well as to determine whether it has positive and significant effects on the Human Development Index (HDI) in Papua Province. The method is a quantitative study using a quantitive approach (deductive) to test the hypothesis and explain the causal relationship among panel variables (explanatory research). Data analysis techniques in the form of pooled data. Time series data were taken from 2005 to 2012 and the cross  section data consisting of 19 regioncies and 1 city in Papua Province. The research results about the local government expenditure indicate that 10 the capital expenditure has positive and significant direct effect on an increase in private investment, educational level, employment recruitment and HDI, 2) the bank consumer loan distribution has positive and significant effect on the labor absorption,  3) the private investment has positive but not significant impact on educational level; it has positive and direct significant impact in the labor absorption, 4) the level of education has positive and direct significant impact on the employment recruitment and HDI, 5) labor absorption has positive and direct significant impact in the HDI.

The Dynamics of Exports and Economic Growth: Assessing the Evidence from Nigeria

2018 ◽  
Vol 4 (1) ◽  
pp. 15-22
Author(s):  
Clement A.U. Ighodaro ◽  
Ovenseri-Ogbomo F. O.
Keyword(s):  
Economic Growth ◽  
Social Services ◽  
Time Series Data ◽  
Positive Impact ◽  
Capital Expenditure ◽  
Impulse Response Function ◽  
Series Data ◽  
Vector Autoregressive ◽  
Long Run ◽  
Short Run

The paper empirically examines the dynamics of exports and economic growth in Nigeria using time series data for 1970 to 2017. The Vector autoregressive model (VAR) was used to investigate the long run and short run relationship between exports and economic growth as well as some selected variables. The result shows that there exists a stable long run relationship among economic growth, exports, capital expenditure on education and social services. Also, the Granger causality results reveal that export Granger causes economic growth and not the other way round. This means that an increase in economic growth may result from increase in export, but increase in economic growth does not necessarily lead to increase in exports. The Impulse Response Function (IRF) shows that a one standard innovation in exports will lead to permanent positive impact on economic growth in Nigeria. This therefore supports the exports led growth hypothesis for Nigeria.

scholarly journals Banking Sector Consolidation: Possible Effects for Sectoral Credit Allocation and Economic Growth in Nigeria

2017 ◽  
Vol 3 (01) ◽  
Author(s):  
Alwell Nteegah
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Oil And Gas ◽  
Time Series Data ◽  
Manufacturing Sector ◽  
Percent Level ◽  
Job Creation ◽  
Series Data ◽  
Credit Allocation ◽  
Banking Credit

This study investigated possible effects of banking sector consolidation- credit allocation to selected sectors on the growth of Nigerian economy. utilizing time series data on growth rate of GDP, banking sector credit distribution to the agriculture, manufacturing, oil and gas/mining, commercial (export financing) sectors and bank size (number of Deposit money bank branches) for the period 1981 - 2015 and employing Vector Error Correction Model (VECM), the results indicate that only banking sector credit allocation to the manufacturing sector is positive and significant at 5 percent level. Banking credit to agriculture, oil & gas/mining, commercial and bank size were all insignificant at 5 percent level. This result revealed that funds allocated to the manufacturing sector spurred economic growth in Nigeria during the duration of this investigation. Other finding of study shows that the manufacturing sector has higher propensity for increasing investment, job creation and value addition hence attracts funds from the banks than other sectors. Based on these findings, the paper suggested creation of enabling environment and enactments of policies that will enhance higher credit allocation to manufacturing sector in particular and the real sector in general in order to spur investment, job creation and stimulate economic growth in Nigeria.

scholarly journals DINAMIKA PENDUDUK DAN PERTUMBUHAN EKONOMI DI INDONESIA

2020 ◽  
pp. 22
Author(s):  
Adhitya Wardhana ◽  
Bayu Kharisma ◽  
Sarah Annisa Noven
Keyword(s):  
Economic Growth ◽  
Population Dynamics ◽  
Infant Mortality ◽  
Time Series Data ◽  
Government Expenditure ◽  
Negative Influence ◽  
Least Square ◽  
Series Data ◽  
Negative Effect ◽  
Positive Effect

This study aims to see the effect of population dynamics variables on economic growth in Indonesia. This study uses the Ordinary Least Square model with time series data from 1986 to 2016. The data used are population dynamics variables, such as number of fertilities, infant mortality, with the variable control are the amount of labor, savings and government expenditure on economic growth measured through Gross Domestic Product. The results os the study showed that the fertility amount in Indonesia has a negative effect on the amount of economic growth in Indonesia, which means that increasing population will reduce economic growth in Indonesia. then, variable infant mortality has a negative influence on economic growth in Indonesia. Fertility variables and the population of productive age have a positive effect on labor force participation rates. Control variables, like savings and government expenditure, also have a positive effect on economic growth in Indonesia.

scholarly journals The Impact of Macroeconomic variables on the credit provided by Saudi Banks: تأثير المتغيرات الاقتصادية الكلية على التمويل المصرفي في المملكة العربية السعودية (دراسة قياسية شملت البيانات من 1970م – 2012م)

2019 ◽  
Vol 3 (3) ◽  
Author(s):  
Eyas Jafar Abdel Rahim
Keyword(s):  
Banking Sector ◽  
Time Series Data ◽  
Positive Impact ◽  
Government Expenditure ◽  
Series Data ◽  
Macroeconomic Variables ◽  
Distributed Lag ◽  
Bank Deposits ◽  
Long Run ◽  
The Impact

The study aimed to examine the impact of macroeconomic variables of the Saudi economy as in Gross Domestic Product (GDP), Government Expenditure (G), Economic Openness (OPE), Inflation Rate (CPI) and the Bank Deposits (DS) on the credit provided by Saudi banks (BF), on annual time series data between 1970-2012. To investigate this relationship, the study used Autoregressive Distributed Lag method (ARDL) to measure the long-run and short-run impact, At that the E-views 8.1 has been used for analyze the cointegration,the diagnostic, the reliability - stability tests, and the forecasting behavior of the model. The study found that (BF) is affected positively by (GDP) growth rate in the long-run. Also the (BF) has been affected negatively in the short and long-run by inflation rates (CPI) and government expenditure (G). Consequently the Contractionary Fiscal Policy in recent period will not lead to reduce the financial performance of Saudi banks, and the growth of (GDP) in the future will have positive impact on the financing capacity of the Saudi banking sector.

scholarly journals Pengaruh Pendapatan Asli Daerah dan belanja modal terhadap pertumbuhan ekonomi Provinsi Kepulauan Bangka Belitung tahun 2009-2018

SOROT ◽  
2020 ◽  
Vol 15 (2) ◽  
pp. 105
Author(s):  
Muhammad Dedy Palguno ◽  
Devi Valeriani ◽  
Suhartono Suhartono
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Positive Impact ◽  
Capital Expenditure ◽  
Series Data ◽  
Test Results ◽  
Important Indicator ◽  
Goods And Services ◽  
Local Revenue

Pertumbuhan Ekonomi adalah salah satu indikator penting untuk melihat keberhasilan pembangunan ekonomi pada suatu negara atau daerah. Suatu perekonomian dikatakan mengalami pertumbuhan ekonomi jika jumlah produksi barang dan jasanya meningkat dan produk domestik regional bruto merupakan salah satu indikator penting untuk mengetahui kondisi ekonomi di suatu daerah dalam suatu periode tertentu baik atas dasar harga berlaku maupun atas dasar harga konstan. Tujuan Penelitian adalah untuk melihat pengaruh pendapatan asli daerah (PAD) dan belanja modal terhadap pertumbuhan ekonomi. Data yang digunakan dalam penelitian ini merupakan data time series periode tahun 2009-2018. Analisis data yang digunakan adalah analisis regresi berganda untuk melihat seberapa besar pengaruh pendapatan asli daerah dan belanja modal terhadap pertumbuhan ekonomi di Provinsi Kepulauan Bangka Belitung. Hasil Penelitian menunjukkan bahwa secara simultan variabel PAD dan belanja modal berpengaruh positif signifikan terhadap pertumbuhan ekonomi. Hasil pengujian secara parsial variabel pendapatan asli daerah berpengaruh positif signifikan terhadap pertumbuhan ekonomi dan pada variabel belanja modal hasil uji secara parsial tidak berpengaruh signifikan terhadap pertumbuhan ekonomi.Economic growth is one important indicator to see the success of economic development in a country or region. An economy is said to experience economic growth if the amount of production of goods and services increases and the gross regional domestic product is one of the essential indicators to determine the economic conditions in a region in a given period both based on current prices and constantly. The purpose of this study is to look at the effect of regional own-source revenue (PAD) and capital expenditure on economic growth. The data used in this study is Time Series data (time series) for the years 2009-2018. Analysis of the data used is multiple regression analysis to see how much influence the region's original income and capital expenditure on economic growth in the Bangka Belitung Islands Province. The results showed that simultaneous variables of PAD and capital expenditure had a significant positive effect on economic growth. The test results partially local revenue variables have a significant positive impact on economic growth. On the capital expenditure variable, the test results partly have no significant effect on economic growth.

scholarly journals ANALISIS PENGARUH PERTUMBUHAN EKONOMI DAN INVESTASI TERHADAP PENYERAPAN TENAGA KERJA DI KABUPATEN TANGERANG PADA TAHUN 2009 – 2015

2017 ◽  
Vol 17 (1) ◽  
pp. 1
Author(s):  
Karnawi Kamar
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Positive Impact ◽  
Hypothesis Test ◽  
Multiple Correlation Coefficient ◽  
Series Data ◽  
Reverse Direction ◽  
Descriptive Research ◽  
Negative Effect ◽  
Quantitative Descriptive

<pre><em><span lang="EN-US">This study aimed to analyze the effect of economic growth and investment in the labor market in the Tangerang regency in the year 2009-2015.This research is quantitative descriptive research design and associative. The data used are time series data of economic growth, investment and employment in the Central Statistics Agency (BPS) 2009-2015 Tangerang regency. Data collection techniques are documentation in the form of books, journals and reports. Data were analyzed using descriptive statistics, the classic assumption test, simple and multiple correlation, coefficient determination test, regression test and the partial hypothesis test (t test) and simultan hypotheses test (F test) with the help of SPSS software.</span></em></pre><pre><em><span lang="EN-US">The analysis showed partial negative effect on economic growth or reverse direction and no significant effect on employment. Simultaneously, economic growth and the positive impact of investment direction and significant increases on employment.</span></em></pre><pre><em><span lang="EN-US"> </span></em></pre><pre><strong><em><span lang="EN-US">Keywords</span></em></strong><em><span lang="EN-US">: Economic Growth, Investment, Labor Absorption</span></em></pre>

Another Side of the Coin: Exchange Rate Movements and the Manufacturing Sector in Nigeria

2018 ◽  
Vol 10 (1-2) ◽  
pp. 63-79
Author(s):  
Anthony Orji ◽  
Jonathan E. Ogbuabor ◽  
Chiamaka Okeke ◽  
Onyinye I. Anthony-Orji
Keyword(s):  
Exchange Rate ◽  
Private Sector ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Manufacturing Sector ◽  
Jel Classification ◽  
Least Square ◽  
Series Data ◽  
Long Run ◽  
The Impact

This study estimated the impact of exchange rate (EXCH) movements on the manufacturing sector in Nigeria over the period 1981–2016. Time series data and ordinary least square (OLS) estimation technique were employed in this study to address the specified objective. The variables analysed were EXCH, manufacturing GDP (MGDP), government capital expenditure, foreign direct investment (FDI), credit to private sector and value of imports. From the result, it is apparent that EXCH movements play a significant role in the manufacturing sector’s performance in Nigeria. Specifically, the findings showed that EXCH, government capital expenditure (GCEXP), imports and FDI were positively related to MGDP, while credit to private sector was negatively related. Among others, the study recommends that the apex bank keep a closer watch on EXCH developments in order to keep formulating up-to-date policies that will ultimately enhance EXCH stability. This will largely contribute to the development of the manufacturing sector in the short and long run. JEL Classification: D51, F31, Q24

scholarly journals Impact of Government Expenditure on Agricultural Value Chain in Nigeria

2020 ◽  
pp. 192-204
Author(s):  
Eneji Mathias Agri ◽  
Agri Angela Iyaji ◽  
Felix Nanwul Diyemang ◽  
Offorma Jecinta Chioma
Keyword(s):  
Value Chain ◽  
Positive Relationship ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Government Expenditure ◽  
Percent Level ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Huge Impact ◽  
The Impact

This research examined the impact of government expenditure on agricultural value chain in Nigeria. It uses annual time series data for the period 1998-2018. Statistical Techniques, survey, simple percentages and the Ordinary Least Squares (OLS) methods were adopted. The OLS result using Multiple Regression analysis revealed an insignificant positive relationship between government expenditure and Agricultural value chain, proxy by Aggregate importation of rice (AMR). Imports had a negative sign; it is a leakage on the economy. It however, showed that agricultural gross domestic product (ADP) has a positive relationship with government expenditure, at 5 percent level. The pair-wise Granger causality tests showed that government expenditure on agriculture (GEA) granger causes aggregate importation of rice (AMR), this was indicated by their respective F-statistics and probability values which stood at 0.39420(0.6815).. In conclusion, government expenditure, with supportive policies, would have huge impact on agricultural value chain in Nigeria. The agricultural sector is the engine of economic recovery, growth and development, therefore an improvement in government spending to the sector is recommended. This study contributes to the downstream linkages in the agricultural sector.

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