scholarly journals An Investigation of the Determinants of Savings and Investment in Nigeria

2015 ◽  
Vol 1 (2) ◽  
pp. 1 ◽  
Author(s):  
Adelakun O. Johnson
Keyword(s):  
Economic Growth ◽  
Positive Relationship ◽  
Inflation Rate ◽  
Time Series Data ◽  
Series Data ◽  
Correction Model ◽  
Use Of Time ◽  
The Impact ◽  
The Relationship

<p>This study examined the relationship between savings, investment and economic growth. A corollary of the work is the determination of which of the inputs of production contributes more to economic growth in Nigeria. The study makes use of time series data spanning twenty-nine years using error correction model. The result shows a positive relationship between savings, investment and economic growth in Nigeria. Of the determinants of savings considered in the study, inflation rate contributes negatively to saving, while interest rate positively affect saving. All these confirm economic theory. The striking feature of the study however is the confirmation of the impact of labour on economic growth, which according to the study far outweighs the contribution of capital.</p>

scholarly journals The Relationship between Tax Revenue and Economic Growth in Nepal: A Co-integration Approach

2018 ◽  
Vol 11 (1) ◽  
pp. 28-36
Author(s):  
Gautam Maharjan
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Unit Root ◽  
Unit Root Test ◽  
Error Correction Model ◽  
Series Data ◽  
Tax Revenue ◽  
Correction Model ◽  
The Impact ◽  
The Relationship

The main objective of this paper is to examine the relationship between tax revenue and economic growth in Nepal. The 43 years' annual time series data from 1974/75 to 2016/17 of GDP, tax revenue and nontax revenue have been used to test the causal relationship of the variables. A unit root test, Engle-Granger’s co-integration and Error Correction Model have been applied for the data analysis. The variables have been found stationary after first differencing I(1) when Augmented Dickey-Fuller unit root test is employed. From Engel-Granger test, it has been found that the variables are co-integrated. The short-term coefficients are not significant, however error correction term (ECT) is significant and contains a negative sign in the error correction model (ECM). It validates the ECM model. The ECT has shown that the annual speed of adjustment from disequilibrium to equilibrium is 34.3 percent. So far as the relationship is concerned, there is a long run relationship between tax revenue and economic growth in Nepal controlling the non-tax revenue. The impact of tax revenue on economic growth could be a good impetus for the policy maker and planner to increase the collection of revenue for the country.

scholarly journals How the GCC Economic Crises Effect Labor Migration: Evidence from Pakistan

2018 ◽  
Vol 5 (2) ◽  
pp. 139-146 ◽  
Author(s):  
Yasir Khan ◽  
Wang Mingyi
Keyword(s):  
Economic Growth ◽  
Migrant Workers ◽  
Significant Relationship ◽  
Labor Migration ◽  
Inflation Rate ◽  
Time Series Data ◽  
Political Stability ◽  
Series Data ◽  
Economic Crises ◽  
The Impact

Migrant workers have participated in promoting economic growth and prosperity and the generation of wealth in countries of destination. The Gulf Cooperation Council (GCC) which is comprised of six countries such as Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, and Oman have been historically and traditionally job market for Pakistani workers. Labor migration and its relationship to economic growth and employment have received increasing attention because of increasing demand for labor, higher salaries, economic and political stability. Using a case study, we focus on the impact and relationship of labor migration with macroeconomic indicators such as Gross Domestic Product (GDP), unemployment, and inflation rate. Limited employment opportunities, the weak economy, and political instability are the factors leading labor migration from Pakistan. Consequently, the government of Pakistan considered labor migration primarily as an employment sector and encourage labor migration to solve economic problems in the country. We analyze the impact of labor migration on (GDP), Inflation rate and unemployment in Pakistan with the help of time series data from 1971-2016. The result to have showed a positive and significant relationship between labor migration and GDP, while a negative but significant relationship with unemployment. On the other hand, there is no relationship between labor migration and inflation rate. we found that the GCC economic crises actually caused significant influence on labor migration in the case of Pakistan.

scholarly journals The Effect of Foreign Direct Investment on Indonesia’s Economic Growth

2016 ◽  
Vol 1 (2) ◽  
pp. 18-24
Author(s):  
Abdul Hadi Ilman
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Series Data ◽  
Linear Regression Method ◽  
Domestic Investment ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

The relationship of Foreign Direct Investment (FDI) on economic growth is one of the most debatable topic in economic. This study is aiming to investigate the impact of FDI on economic growth in Indonesia. This research using linear regression method which base on time series data from 1981 to 2012. A Major finding is there is no special relationship between FDI and economic growth, both directly and indirectly. Moreover, FDI does crowd-in the domestic investment and is no significance evidence to prove that FDI is more efficient on economic growth than domestic investment.

scholarly journals Does trade openness cause economic growth in Bangladesh?

IIUC Studies ◽  
2020 ◽  
Vol 16 ◽  
pp. 99-110
Author(s):  
Sharmina Khanom
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Trade Openness ◽  
Unit Root Test ◽  
Positive Association ◽  
Series Data ◽  
Restrictive Trade ◽  
Annual Time Series ◽  
The Impact ◽  
The Relationship

Bangladesh has followed a restrictive trade policy immediately after its liberation. But the system was proven wrong, and gradually it opened up its market to others and started to improve its foreign trade. This paper investigates the impact of trade openness on Bangladesh's economic growth using annual time-series data for the period from 1972-73 to 2015-16. The paper uses such econometric tools as unit root test, cointegration test and error correction model to investigate the relationship between the variables. This study revealed a positive association between export and GDP but the opposite relation between import and GDP and recommended to enhance export earnings. IIUC Studies Vol.16, December 2019: 99-110

scholarly journals The relationship retail trade and economic growth in Ho Chi Minh City

2018 ◽  
Vol 1 (Q5) ◽  
pp. 44-51
Author(s):  
Lien Phuong Hoang
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Positive Impact ◽  
Retail Trade ◽  
Ho Chi Minh City ◽  
Series Data ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Relationship

This study analyzes the relationship between retail trade and economic growth in Ho Chi Minh City. The research employed Vector Error Correction Model (VECM) method for the time series data collected from the period 1995 – 2015. The result shows that retail sales enhances economic growth and changes in growth has a positive impact on retail trade in Ho Chí Minh City. That not only confirms Keynes's Keynesian Growth Theory, but also evaluates the importance of retail trade in the economy of Ho Chi Minh City.

scholarly journals The Impact of Renewable Energy Sources on Financial Development, and Economic Growth: The Empirical Evidence from an Emerging Economy

Energies ◽  
2021 ◽  
Vol 14 (23) ◽  
pp. 8033
Author(s):  
David Guan ◽  
Ubaldo Comite ◽  
Muhammad Safdar Sial ◽  
Asma Salman ◽  
Boyao Zhang ◽  
...  
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Financial Development ◽  
Time Series Data ◽  
Renewable Energy Sources ◽  
Series Data ◽  
Cross Sectional ◽  
Renewable Sources ◽  
The Impact ◽  
The Relationship

Developing energy from renewable sources and modernizing the energy system are critical components of China’s efforts to combat climate change. Policymakers and authorities have made significant attempts to bring them. However, one of the major impediments to China’s energy revolution is financial limitations, which are inextricably linked to the country’s economic growth. The present research paper intends to investigate the relationship between economic growth and sustainable financial development on the use of energy from renewable sources in both the short and long run in the context of China. To achieve this, the researchers have utilized the panel data consisting of 10 years from 2011 to 2020. When compared to cross-sectional and time-series data samples, the panel data model offers many benefits. For starters, the panel data includes information on the passage of time and the cross-sectional area. Another benefit of using panel-data models with a larger degree of freedom is that they provide more stable and reliable estimates across short periods across cross-sections. In the case of the short run, there is a positive relationship between economic and financial development and the use of energy from renewable sources in the context of all of China. While in the case of long-term effects, the results indicate the adverse impact of financial development on the use of energy from renewable sources in the western regions of China. These results were deduced using the causality test Granger proposed to determine the path of the causal relationship and the direction of the relationship between the variables. These results indicated that the relationship between economic and financial development in east China was unidirectional, and the nature of the underlying relationship was causal. Meanwhile, in east and west China, economic development in China as a whole has been unidirectionally increasing energy from renewable sources. Our empirical findings suggest many strategies for promoting the growth of energy from renewable sources.

scholarly journals Human Capital and Economic Growth: Pakistan, 1960-2003

2008 ◽  
Vol 13 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Qaisar Abbas ◽  
James Foreman-Peck
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Critical Role ◽  
Health Spending ◽  
Series Data ◽  
Negative Contribution ◽  
Secondary Schooling ◽  
The Impact ◽  
The Relationship

This paper investigates the relationship between human capital and economic growth in Pakistan with aggregate time series data. Estimated with the Johansen (1991) approach, the fitted model indicates a critical role for human capital in boosting the economy’s capacity to absorb world technical progress. Much higher returns, including spillovers, to secondary schooling in Pakistan than in OECD economies is consistent with very substantial education under-investment in Pakistan. Similarly, extremely large returns to health spending compare very favorably with industrial investment. Human capital is estimated to have accounted for just under one-fifth of the increase in Pakistan’s GDP per head. Since the 1990s, the impact of deficient human capital policies is shown by the negative contribution to economic growth.

scholarly journals The Role of Saving In Pakistans Economic Growth

2011 ◽  
Vol 15 (1) ◽  
pp. 79 ◽  
Author(s):  
Dipendra Sinha
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Positive Relationship ◽  
Time Series Data ◽  
Series Data ◽  
Total Saving ◽  
Private Saving ◽  
Long Run ◽  
The Relationship

<span>We study the relationship between saving and economic growth using time series data for Pakistan for 1960-95. We find that both total saving and private saving have a long run positive relationship with GDP. The augmented Granger causality indicate that the growth of GDP Granger causes the growth rates of both private saving and total saving. However, the growth rate of private saving is found not to be Granger causing growth of GDP while the growth of total saving is found to be causing the growth of GDP.</span>

RELATIONSHIP BETWEEN ECONOMIC GROWTH AND FOREIGN DIRECT INVESTMENT: THE CASE OF DONG NAI PROVINCE, VIETNAM

2019 ◽  
pp. 50-59
Author(s):  
Hung Tran Van ◽  
Huong Le Thi Mai
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Foreign Investments ◽  
Use Of Time ◽  
The Relationship ◽  
Opening Up

The study focuses on analyzing the relationship between economic growth and foreign direct investment in Dong Nai. This study is based on the use of time series data collected from Dong Nai Statistical Office during the period 1997-2017 and using the VAR model to analyze this data. The results show there is a two-way relationship between foreign direct investment and economic growth in Dong Nai province. In other words, attracting of foreign investments has a positive impact on economic growth and vice versa. At the same time, the results also show that students and the opening up of the economy have impact on attracting foreign direct investment into the province. Based on the results achieved, the article puts forward some proposals on how to attract FDI in order to contribute to economic growth in Dong Nai.

scholarly journals THE RELATIONSHIP BETWEEN SHARIA LIFE INSURANCE DEMAND AND ECONOMIC GROWTH IN INDONESIA

2019 ◽  
Vol 5 (1) ◽  
pp. 106-109
Author(s):  
Karin Amelia Safitri
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Linear Regression ◽  
Life Insurance ◽  
Positive Relationship ◽  
Time Series Data ◽  
Series Data ◽  
Significant Positive Relationship ◽  
Life Insurance Demand ◽  
The Relationship

This study aims to examine the relationship between demand for Islamic life insurance and economic growth in Indonesia. Density of insurance is used to measure the demand for Islamic life insurance. While economic growth is measured using gross domestic product. The data used is time series data for 15 years for the period 2002-2017. The analytical method used is linear regression. The findings show that there is a significant positive relationship between demand for Islamic life insurance and economic growth at the level of alpha of 5%.

Sign in / Sign up

Export Citation Format

Share Document