scholarly journals Unemployment and Economic Growth in Saudi Arabia 2000-2015

2017 ◽  
Vol 9 (9) ◽  
pp. 83 ◽  
Author(s):  
Alotaibi Mohamed Meteb
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Public Sector ◽  
Private Sector ◽  
Unemployment Rate ◽  
Government Expenditure ◽  
Real Income ◽  
Annual Data ◽  
Employment Level ◽  
Real Value

The objective of this paper concentrates on determining the relationship between unemployment and economic growth in Saudi Arabia for the period 2000-2015 in order to explanation of the employment, unemployment level and its determinants to increase the employment level and avoiding the harmful effects of unemployment problems. The question to be raised is does recruitment rely on the public sector? Does the creation of job opportunities in the state’s public sector have a negative or positive effect on the private sector through the effect of withdrawing its specialized technical cadres? Is the private sector growth real or illusive? Is the economic growth adequate to reduce the unemployment rate among Saudis? The results obtained show that, there are a positive relationships between the employment and real income, real investment, real government expenditure and real value of exports. On the other hand, there are negative relationships between employment and the real value of imports. The economic growth was not adequate in reducing the unemployment rate among Saudis. There is a reversal relationship between unemployment rates and the economic growth which does not effectively work in the Saudi economy. Saudis prefer to work with government sector not in private sector; Government must stimulate Saudis to work in private sector. This paper used the annual data from 2000 to 2015 for Saudi Arabia. All data in this paper was obtained from Saudi Arabian Monetary Agency (SAMA) and World Bank Development Indicator.

scholarly journals Employment and Unemployment Trends in the Baltic Countries and Statistical Regions of Latvia, 1998–2011

2011 ◽  
Vol 50 (1) ◽  
pp. 76-86
Author(s):  
Einārs Ulnicāns
Keyword(s):  
Economic Growth ◽  
Public Sector ◽  
Private Sector ◽  
Labour Market ◽  
Unemployment Rate ◽  
Unemployment Rates ◽  
The Public ◽  
Baltic Countries ◽  
Economic Boom ◽  
The Baltic

The aim of the paper is to analyse the number and proportion of employees, unemployment rates and theirterritorial trends in Latvia, and to compare them with those in Estonia and Lithuania. The paper analyses the number ofemployees at the main job, its proportion in the private sector, and unemployment rates in the Baltic countries and statisticalregions of Latvia. In 2000–2007, employment and its proportion in the private sector was on the increase. In 2008, an upwardtrend in Estonia and Lithuania started to decrease, but in Latvia number of employees and its proportion in the private sectoralready had dropped. In 2009, the number of employees continued to decline. The unemployment rate grew from 1998 to2000 and from III quarter 2008 to I quarter 2010. From 2001 to II quarter 2008, during an economic boom, it decreased to aminimum. A faster economic growth means a higher proportion of employees in the private sector; however, during theeconomic crisis, it creates more instability in the labour market than in the public sector, especially at the beginning. As thecrisis deepens, unemployment in the private sector begins to stabilize; however, it increases in the public sector.

scholarly journals The Growth of Private Sector and Financial Development in Saudi Arabia

Economies ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 39 ◽  
Author(s):  
Mohammad Imdadul Haque
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Private Sector ◽  
Financial Development ◽  
Significant Relationship ◽  
Trade Openness ◽  
Current Trend ◽  
Government Expenditure ◽  
Financial Variables ◽  
Oil Sector

In an attempt to diversify itself away from the dominance of oil on its economy, Saudi Arabia needs to emphasize on the growth of its private sector. Currently, the private sector’s contribution to economic growth is meager as the oil sector dominates the economy. This study attempts to assess the role of financial development towards the growth of the private sector. Assessing this relationship is important, as it is quite probable that the dominant oil sector attracts the financial resources, affecting the private sector adversely. Johansen’s method of cointegration is applied on the data for the period 1985–2018. The private sector’s gross domestic product has a negative relation with the supply of money, positive relation with bank credit to private sector, and no significant relationship with share market capitalization, as shown by the results of the study. In addition, the private sector’s growth has a positive and significant relationship with government expenditure, investment, and trade openness. Hence, the study recommends further strengthening of financial sector services. Besides the current trend on government expenditure, investment and trade openness should continue to enable the private sector to contribute significantly to the economic growth of the country. A previous study on the private sector’s growth and financial variables is exclusively missing, and makes this study unique.

scholarly journals AID AND GROWTH IN BANGLADESH: A REASSESSMENT

2018 ◽  
pp. 422-440
Author(s):  
Sharif Hossain ◽  
Rajarshi Mitra ◽  
Thasinul Abedin
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Inflation Rate ◽  
Government Expenditure ◽  
Real Income ◽  
Domestic Investment ◽  
Real Gdp ◽  
Long Run ◽  
Short Run ◽  
Per Capita

Although the amount of foreign aid received by Bangladesh as a share of GDP has declined over the years, Bangladesh remains one of the heavily aiddependent countries in Asia. The results of most empirical studies that have examined the effectiveness of foreign aid or other forms of development assistance for economic growth have varied considerably depending on the econometric methodology used and the period of study. As the debate and controversy over aid-effectiveness for economic growth continue to grow, this paper reinvestigates the short-run and long-run effects of foreign aid received on percapita real income of Bangladesh over the period 1972–2015. A vector error correction model is estimated. The results indicate lack of any significant short-run and long-run relation between foreign aid and per-capita real income. Results further indicate short-run unidirectional causalities from per-capita real GDP to domestic investment (in proportion to GDP), from government expenditure (in proportion to GDP) to inflation rate, from inflation rate to domestic investment (in proportion to GDP), and from domestic investment to foreign aid (as percentages of GDP). Short-run bidirectional causality is observed between per-capita electricity consumption and per-capita real GDP, and between per-capita real GDP and government expenditure (in proportion to GDP).

scholarly journals Investigating Finance-Growth Nexus: Further Evidence from Nigeria

2018 ◽  
Vol 10 (9) ◽  
pp. 121 ◽  
Author(s):  
Adeola Yahya Oyebowale ◽  
Noah Kofi Karley
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Private Sector ◽  
Central Bank ◽  
Government Expenditure ◽  
Secondary Data ◽  
Financial Sector ◽  
Capital Formation ◽  
Causality Test ◽  
Financial Sector Development

This study investigates the influence of financial sector development on economic growth in Nigeria during the period 1982 to 2015. As such, the study obtained annual secondary data from the Central Bank of Nigeria statistical bulletins and World Bank financial database. The empirical model for this study examines growth in savings, growth in exchange rate, growth in government expenditure, growth in stock market capitalization, growth in credit to private sector, growth in gross capital formation, growth in trade openness and growth in broad money on economic growth in Nigeria. The multiple regression output reveals that growth in government expenditure and growth in gross capital formation are statistically significant on economic growth in Nigeria at 1% and 10% respectively under the period under investigation while other regressors in the model prove to be statistically insignificant. VAR test shows that there is considerable short-run causality running from lags of regressors to economic growth in Nigeria except for lag 1 of growth in exchange rate and lag 2 of growth in credit to private sector. The granger causality test reveals the existence of bi-directional causality between financial sector development and economic growth in Nigeria during the period under investigation. Hence, this study supports the ‘feedback hypothesis’ view on finance-growth. Based on these empirical results, this study recommends effective channeling of funds to the private sector and autonomy of the Central Bank of Nigeria in the use of monetary policy tools.

scholarly journals The Relation between Tourism and Economic Growth: A Case of Saudi Arabia as an Emerging Tourism Destination

2020 ◽  
Vol 3 (4) ◽  
pp. 29-47
Author(s):  
Lamia Jamel
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Granger Causality ◽  
Co2 Emissions ◽  
Financial Development ◽  
Positive Impact ◽  
Trade Openness ◽  
Granger Causality Test ◽  
Annual Data ◽  
Causality Test

This paper examines empirically the relation between tourism and economic growth in Saudi Arabia. The authors try to justify how tourism contributes to the economic growth of Saudi Arabia. There are applied descriptive statistics, unit root test, VAR model and Granger Causality test as an econometric methodology to examine the connection between tourism and economic growth in Saudi Arabia for the annual data in the period from 1990 to 2018. The main empirical results of the study find out that tourism affects positively the economic growth in Saudi Arabia. Also, there is found a positive nexus among tourism and economic growth. Furthermore, CO2 emissions and financial development impact positively the tourism sector, while trade openness predicts a negative effect on tourism. Additionally, CO2 emissions, financial development, and trade openness have a positive impact on economic growth in Saudi Arabia. Finally, the Granger causality test provides evidence of bidirectional nexus between tourism and economic growth in Saudi Arabia. This paper contributes to the current research by explaining the causal nexus among tourism and economic growth in Saudi Arabia during the period from 1990 to 2018, applying a vector autoregressive model and Granger Causality.

scholarly journals Unemployment and its Effect on the Growth of Nigeria Economy

2019 ◽  
pp. 1-9
Author(s):  
Obele Tolulope Elorhor
Keyword(s):  
Economic Growth ◽  
Unemployment Rate ◽  
Negative Relationship ◽  
Capital Formation ◽  
Economic Problem ◽  
Least Square ◽  
Employment Level ◽  
Explanatory Variables ◽  
Dynamic Relationship ◽  
Integration Test

Unemployment is known to be a worldwide economic problem which retards economic growth. It is found to be one of the serious impediments to colossal waste of a country’s manpower resources; hence it generates lower output thereby leading to lower income and sluggish economic growth. This empirical study however investigated the effect of unemployment on Economic Growth in Nigeria. This study was carried out in Nigeria between the period of 1986 and 2008. The data were analyzed using the ordinary least square approach. This paper also employed the techniques of   stationary test, co – integration test, and error correction model to estimate the dynamic relationship between dependent and the independent or explanatory variables.    The result shows R2 to be 0.697 i.e. about 70 percent, Adjusted R2    to be about 53 percent due to data transformation, F. statistic 3.709958, t. Statistics of each explanatory variables shows 2.361284 for UNEMPLR, 0.222837 for EMPL, 3.037337 for GCF, 1.938742 for UNEMPLOY, and 0.799706 for JCV, showing that the explanatory variables are statistically significant in explaining the economic growth in Nigeria. Nevertheless, the result give a coefficient of 11.56651 for Unemployment Rate (UNEMPLR), 0.014065 for Employed Labour (EMPL), 0.852883 for Gross Capital Formation(GCF), 3.982484 for Unemployed Labour (UNEMPLOY), 1.161745 for Job Vacancies (JVAC). The result of the Co-integration test shows the presence of long run relationship between employed labour and growth. This result corroborates the fact that unemployment rate retards Nigeria’s economic growth thus, one percent increase in unemployment rate lead to about 11.56 percent decreases in Gross Domestic Product. It was also found that job vacancies have a negative relationship with growth. Based on the finding, it is recommended that the Nigerian government has to be involved as major players in the establishment and management of economic and other forms of enterprises in order to promote job employment, and growth. To optimally raise the level of capital formation in Nigeria, government has to maintain a steady supply of energy (power) and other infrastructural supplies needed to raise employment level and boost economic growth. And being a reoccurring economic problem, this however needs further work to proffer solution.

scholarly journals ANALYSIS OF FACTORS AFFECTING POVERTY IN THE PROVINCE OF THE BANGKA BELITUNG ISLANDS

2021 ◽  
Vol 6 (2) ◽  
pp. 188
Author(s):  
Anggi Aprillia ◽  
Rulyanti Susi Wardhani ◽  
Muhammad Faisal Akbar
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Unemployment Rate ◽  
Government Spending ◽  
Quantitative Research ◽  
Government Expenditure ◽  
Analytical Tool ◽  
Standard Of Living ◽  
Factors Affecting ◽  
Simultaneous Test

Poverty is a condition of the inability of individuals or community groups to meet basic needs such as housing, clothing and food to ensure a certain standard of living. If a country is able to reduce the level of poverty, then the welfare of the community can be realized through the implementation of quality development. This study aims to analyze and determine the effect of economic growth, income inequality, government spending and the open unemployment rate on poverty. This research used quantitative research. The analytical tool used in this study is multiple linear regression with panel data. The results showed that partially the economic growth had a negative and significant effect on poverty, government spending had a negative and insignificant effect on poverty and income inequality and open unemployment had a positive and significant effect on poverty in the Province of the Bangka Belitung Islands. Meanwhile, the results of the simultaneous test show that overall the variables of economic growth, income inequality, government spending and the open unemployment rate have a positive and significant effect on poverty in the Province of the Bangka Belitung Islands.Keywords: Economic Growth, Income Inequality, Government Expenditure, Unemployment Rate, PovertyJEL: O40, 015, H53, I30

scholarly journals Pengaruh pertumbuhan ekonomi, tingkat kemiskinan, pengeluaran pemerintah, tingkat pengangguran terbuka terhadap Indeks Pembangunan Manusia (IPM) Provinsi-provinsi di Sumatera

2019 ◽  
Vol 8 (3) ◽  
pp. 170-183
Author(s):  
Dzaki Furqoni ZA ◽  
Junaidi Junaidi ◽  
Adi Bhakti
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Unemployment Rate ◽  
Human Development Index ◽  
Government Expenditure ◽  
Government Expenditures ◽  
Poverty Level ◽  
Development Index ◽  
Level Government

Study are as follows: To analyze the effect of economic growth, poverty level, government expenditure and open unemployment on the Human Development Index (HDI) of the Provincial Provinces in Sumatra for the period 2013-2017. Based on the results of the study that economic growth has a significant effect on the human development index. Poverty level has a significant effect on the human development index. Open unemployment has a significant effect on the human development index. Government expenditure has a significant effect on the Human Development Index. Keywords: Economic Growth, Poverty Level, Government Expenditures, Open    Unemployment Rate, and Human Development Index.

5. Production and people

2016 ◽  
pp. 68-80
Author(s):  
Alan Whiteside
Keyword(s):  
Economic Growth ◽  
Public Sector ◽  
Private Sector ◽  
Rural Areas ◽  
Economic Effects ◽  
Socioeconomic Impact ◽  
Burden Of Care ◽  
Household Level ◽  
The Public ◽  
High Prevalence

‘Production and people’ examines the socioeconomic impact of AIDS, predicted to decrease economic growth. Yet many countries have nonetheless continued to grow. The effect on the private sector depends on a region’s industry and the scale of its epidemic, but there are more options to combat economic effects than in the public sector. The majority of people in high prevalence countries live in rural areas and primarily depend on subsistence agriculture; AIDS is adversely affecting agriculture, predominantly through its impact on labour. It is at the household level that AIDS is most destructive, creating stress and destroying families—becoming impoverished by their burden of care.

scholarly journals The Effect of Government on Economic Growth in Fiji

2003 ◽  
Vol 48 (01) ◽  
pp. 27-38
Author(s):  
D. P. Doessel ◽  
Abbas Valadkhani
Keyword(s):  
Economic Growth ◽  
Private Sector ◽  
Time Series Data ◽  
Empirical Relationship ◽  
Government Expenditure ◽  
Series Data ◽  
Size Of Government ◽  
High Productivity ◽  
Government Sector ◽  
The Government

This paper investigates the empirical relationship between the size of government and the process of economic growth in Fiji. The results reported here present a mixed picture, in that the model estimated specifies two different effects of the government sector on economic growth. Using annual time series data for the period 1964–1999, it is found that government expenditure exerts a strong beneficial impact on economic growth. However, marginal factor productivity in the government sector is found to be lower than that of the private sector. The reasons for this low productivity are two-fold: the result of the lack of market incentives and signals in the public sector and the involvement of Fiji's government in some activities which may be rationalised in terms of the socio-political objectives of the Fijian government. While recognising that there may be factors which may hinder the process of efficiency in the private sector, it can be argued that by shifting factors of production from the low productivity (government) sector to the high productivity (private) sector, the rate of growth of GNP will increase.

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