scholarly journals Role of Agriculture in Reducing Consumption Expenditure in Nigeria

2018 ◽  
Vol 8 (4) ◽  
pp. 130
Author(s):  
Cordelia Onyinyech Omodero ◽  
Amah Kalu Ogbonnaya
Keyword(s):  
Crop Production ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Well Being ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Consumption Expenditure ◽  
Livestock Farming

There is a general consensus that agriculture as an economic sector has contributed so much to the well-being of the Nigerian people, this understanding is without a thorough evaluation of the specific sub-sectors of agriculture and their individual contribution especially in reducing the cost of living in the country. This study tries to investigate the role of the four sub-sectors of agriculture in Nigeria in reducing consumption expenditure. The study employed time series data which covered a period from 1981-2017 and were obtained from CBN Statistical Bulletin, 2017 edition. The data were collected on the four agriculture sub-sectors which include: crop production, fishing, forestry and livestock (being the independent variables) and on consumer price index (dependent variable) used as proxy for consumption expenditure. The Ordinary Least Squares (OLS) method of multiple regression analysis was used to analyze the data. The findings revealed that crop production and livestock farming have significant positive impact on consumption expenditure while fishing had insignificant negative impact, then forestry had significant negative impact on CPI. The implication is that fishing and forestry farming require more investment to contribute positively to the Nigerian economy. Therefore, the study has suggested among others that the government should provide adequate funding for agriculture sub-sectors through access to bank facilities with less difficulty on the part of the farmers.

scholarly journals NIGERIA’S REVENUE ALLOCATION AND SUSTAINABLE ECONOMIC DEVELOPMENT

10.26458/1843 ◽  
2018 ◽  
Vol 18 (4) ◽  
pp. 97-112
Author(s):  
Cordelia Onyinyechi Omodero
Keyword(s):  
Economic Development ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Monthly Basis ◽  
Use Of Resources ◽  
Revenue Allocation ◽  
The Government

AbstractSustainability of economic development in Nigeria has been a serious challenge despite the huge revenue allocated to the three tiers of the government on a monthly basis from the federation account.  This recurring decimal has left the country in a pitiable condition with inadequate infrastructures to carry on economic activities.  The study examines the extent to which revenue allocation enhances economic development using time series data obtained from CBN Statistical Bulletin which covered a period from 1981 to 2016.  Ordinary Least Squares technique was employed and the findings revealed that FASG and NDSD have significant negative impact on PCI while FAFG has insignificant negative impact on PCI.  On the contrast, the result shows that FALG has a robust significant positive impact on PCI.  The study attributes this poor performance to misuse of resources and suggest that more stringent measures be employed by the government to fight graft in the public sector and among government officials.  This will help to curb corrupt practices and ensure efficient and effective use of resources to boost economic development.   Keywords: Revenue allocation, economic development, federation account, Resources, Nigeria.

scholarly journals THE ROLE OF BANK CREDITS ON POVERTY REDUCTION IN NIGERIA

2020 ◽  
Vol 3 (1) ◽  
pp. 29-33
Author(s):  
Augustine Okon Jacob ◽  
Okon Joseph Umoh ◽  
Jackson Ibanga Ibanga
Keyword(s):  
Causal Relationship ◽  
Poverty Reduction ◽  
Quantitative Methods ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Bank Credit ◽  
Series Data ◽  
Poverty Level

This study examines the role of bank credits on poverty reduction in Nigeria. Despite different measures by the government in channelling bank credits to the private sector. Poverty is still one of the greatest challenges facing Nigeria today. The study adopts econometrics quantitative methods in analysing annual time series data to achieve the objectives of the study. From the results, the granger causality test shows that there is no causal relationship between bank credit and poverty level in Nigeria. There is a unidirectional causal relationship between agricultural loan and poverty flowing from poverty. The OLS result indicate that there is a significant positive impact of bank credit on poverty reduction and there is a significant negative impact of agricultural loan on poverty level in Nigeria. This study recommends that federal government should ensure agriculture loan is redirected to the proper farmers in the country to reduce poverty in the country.

scholarly journals Derivation Funds Management and Economic Development of Nigeria: Evidence From Niger Delta States of Nigeria

2018 ◽  
Vol 9 (2) ◽  
pp. 165
Author(s):  
Cordelia Onyinyechi Omodero ◽  
Michael Chidiebere Ekwe ◽  
John Uzoma Ihendinihu
Keyword(s):  
Economic Development ◽  
Niger Delta ◽  
Time Series Data ◽  
Positive Impact ◽  
Well Being ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Regression Result ◽  
The People ◽  
The Impact

Economic Development of any nation depends on the efficient use of available resources and the integrity of people entrusted with the management of those resources. This paper investigated the impact of the Management of derivation funds accruable to Niger Delta States and how it affects Economic Development of Nigeria. The study employed a descriptive research design and made use of Ordinary Least Squares (OLS) technique to test the hypothesis. The time series data used covered a period from 1981 to 2016 and were collected from the Central Bank of Nigeria (CBN) Statistical Bulletins and World Bank reports. The data gathered were on Real Gross Domestic Product (RGDP) which is the dependent variable and Niger Delta States Derivation Funds (NDSDF) as the explanatory variable. The regression result revealed a positive relationship between the RGDP and NDSDF. The study also found evidence that NDSDF has significant positive impact on the RGDP. These findings led to a conclusion that the lack of infrastructures and other physical evidences of Economic Development in the Niger Delta States have been as a result of mismanagement of funds and embezzlement. If the derivation allowance is well utilized the economic well-being of the people in the area will improve and the clamour for resource control will cease.

Relationship between Budget Deficit and Economic Growth: Evidence from Ethiopia

2021 ◽  
Vol 2 (2) ◽  
pp. 10-15
Author(s):  
Desalegn Emana
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Budget Deficit ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Negative Relationship ◽  
Nominal Exchange Rate ◽  
Series Data ◽  
Long Run

This study examined the relationship between budget deficit and economic growth in Ethiopia using time series data for the period 1991 to 2019 by applying the ARDL bounds testing approach. The empirical results indicate that budget deficit and economic growth in Ethiopia have a negative relationship in the long run, and have a weak positive association in the short run. In line with this, in the long run, a one percent increase in the budget deficit causes a 1.43 percent decline in the economic growth of the country. This result is consistent with the neoclassical view which says budget deficits are bad for economic growth during stimulating periods. Moreover, in the long run, the variables trade openness and inflation have a positive impact on Ethiopian economic growth, and on the other hand, the economic growth of Ethiopia is negatively affected by the nominal exchange rate in the long run. Apart from this, in the long run, gross capital formation and lending interest rates have no significant impact on the economic growth of the country. Therefore, the study recommends the government should manage its expenditure and mobilize the resources to generate more revenue to address the negative impact of the budget deficit on economic growth.

scholarly journals The Role of Technical Innovation and Development of Industrial Sector in Korean International Business

2021 ◽  
Vol 22 (1) ◽  
pp. 55-73
Author(s):  
Ali Mohammed Khalel Al-Shawaf ◽  
Tahira Yasmin
Keyword(s):  
Time Series Data ◽  
Positive Impact ◽  
Generalized Method Of Moments ◽  
Value Added ◽  
Industrial Sector ◽  
Least Square ◽  
Policy Implications ◽  
Series Data ◽  
Significance Level

With the pace of development and competitiveness, innovation plays an important role to capture the market share. Various countries have effective strategies to enhance Research and Development (R&D) and exchange value added products in international market. So, based on this the aim of this research is to examine the role of R&D, industrial design and charges for intellectual property in innovative exports in South Korean economy. Time series data for the period 1998 to 2017, Ordinary Least Square (OLS) and Generalized Method of Moments (GMM) models are used to determine the dynamic interrelationship among the study variables. In summary, the overall results show that there is co-integration rank of in both trace test and value test at 1% significance level. Moreover, OLS and GMM findings depict that there is significant and positive coefficient for ID & RD which represent that they have positive impact on HT. Whereas, the IP displays a negative and significant relationship with high technology exports accordingly. Lastly, the diagnostic tests show that model is stable for the study time period and result is reliable. The current study also suggests some policy implications which can enhance innovative export products of South Korea while enhancing R&D.

scholarly journals ANALISIS DETERMINASI PERTUMBUHAN EKONOMI PROVINSI JAMBI

2018 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Ali Fahmi
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Capital Investment ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Least Square ◽  
Series Data ◽  
Ordinary Least Square ◽  
Investment Capital

This research aims to analyze the effect of government spending, investment of foreign capital investment, capital investment In Land and labor against growth of Jambi province during the 2004-2015. This research using Time Series data with regression analysis "Ordinary Least Square (OLS) wear EViews 8.  The findings from this research indicate that Labor become the most variable gives a positive impact against the next economic growth, government spending and investment, while investing PMDN PMA gives negative impact on The Economic Growth Of The Province Of Jambi. PMA investment posit no impact and no signikan against economic growth this is not prevalent, but it is possible the investment PMA in Jambi province is relatively small and still no impact in the absorption of the local Workforce. Menyikapai is an effort to boost the Economic growth of the Province of Jambi then needed a special business development policies should be directed at the activities that are labor-intensive to absorb labor as much as possible. Keywords: economic growth, government spending, PMA, the PMDN, and labor.

scholarly journals THE IMPACT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA: A DYNAMIC ECONOMETRIC APPROACH

2021 ◽  
pp. 16-40
Author(s):  
Comfort Akinwolere Bukola ◽  
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Exchange Rate Volatility ◽  
Series Data ◽  
Balance Of Trade ◽  
Econometric Approach ◽  
The Impact

This study examined the impact of exchange rate volatility on economic growth in Nigeria. The study covers the period of 1986 to 2019. Using time series data, the methodology adopted is the Vector Error Correction Mechanism to explore the impact of exchange rate volatility on the selected macroeconomic variables. The result indicated that exchange rate volatility has a significant impact on economic growth, specifically it has a positive impact on inflation, unemployment and balance of trade. On the other hand it has a negative impact on economic growth and investment. The recommendations made include; that relevant authorities should try to avoid systematic currency devaluations in order to maintain exchange rate volatility at a rate that allows adjustment of the balance of payments.

scholarly journals Investment in Agriculture and Extractive Industry: A Panacea for National Development

2020 ◽  
Vol 11 (1) ◽  
pp. 34
Author(s):  
Cordelia Onyinyechi Omodero ◽  
Kabiru Isa Dandago
Keyword(s):  
Natural Gas ◽  
Time Series Data ◽  
Positive Impact ◽  
National Development ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Crude Petroleum ◽  
Economic Diversification ◽  
Statistical Tool ◽  
Extractive Industry

Economic diversification into agriculture and extractive industry in Nigeria has been a fascinating and crucial economic issue that deserves consideration especially as the country is shifting from mono-economy (caused by oil boom) to other viable economic sectors. The global economic meltdown and depression have stimulated countries to look into other sectors of the economy in order to enhance their national development. Hence, this study tries to examine the contribution of agriculture and extractive industry to the Nigeria’s real gross domestic product (RGDP). The study makes use of time series data gathered from CBN Statistical Bulletin ranging from 1981-2017 and employs Ordinary Least Squares (OLS) method as the statistical tool with the aid of e-views version 9. The findings reveal that agriculture has a robust and noteworthy positive impact on RGDP while the solid mineral equally has a substantial positive influence on RGDP. However, crude petroleum (proxy for crude petroleum & natural gas) has a positive inconsequential effect on RGDP. This brings the study to a conclusion that investment in agriculture and solid minerals is highly imperative at the moment. Therefore, the study has suggested that economic diversification should be focused more on agriculture and solid mineral extraction. In addition, the government should try to manage the crude petroleum and natural gas exploration so as to prevent fund repatriation and transfer to other countries due to borrowed technology.

scholarly journals Competitiveness Analysis and Factors Affecting Trade of Main Commodities between Indonesia and Turkey

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Fauziyah Adzimatinur
Keyword(s):  
Wheat Flour ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Woven Fabrics ◽  
Least Square ◽  
Series Data ◽  
Trade Integration ◽  
Tariff Barrier ◽  
Factors Affecting

This study aims to analyze the competitiveness, trade integration, trade complementarity, and factors affecting the export and import of main commodities between Indonesia and Turkey. Data used in this study is time series data in 1996-2018 and the methods used are Revealed Comparative Advantage (RCA), Intra-Industry Trade (IIT), Trade Complementarity Index (TCI), and Ordinary Least Square (OLS). Results of RCA showed Indonesia's main export commodities to Turkey are woven fabrics, stearic acid, palm oil and natural rubber. While IIT showed that there is only one way trade from Indonesia. Import commodities from Turkey are carpets, borax, wheat flour, and tobacco. TCI showed low complementarity between Indonesia�s export and Turkey�s import. GDP per capita has positive impact on exports and imports. The exchange rate has positive impact on exports and negative on imports. Price and tariff rate have negative impact on both exports and imports. Dummy Non-tariff barrier has negative impact on exports while in import side, it only affects the wheat flour negatively. The Government of Indonesia should pursue a strategy in trade cooperation as efforts to reduce trade barriers such as tariffs and non-tariffs for some commodities that have competitiveness in the Turkish market.

scholarly journals The Impact of Remittances on Domestic Investment in Developing Countries: Fresh Evidence From the Asia-pacific Region

2018 ◽  
Vol 9 (2) ◽  
pp. 193-211 ◽  
Author(s):  
Le Thanh Tung
Keyword(s):  
Developing Countries ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Asia Pacific ◽  
Series Data ◽  
Pacific Region ◽  
Domestic Investment ◽  
Asia Pacific Region ◽  
The Impact

Despite the sharply increasing remittances in developing countries (especially in the AsiaPacific region), the relationship between remittances and domestic investment in recipient countries has not been fluently evidenced. This paper aims to fill the empirical gap in the Asia-Pacific region by investigating the impact of remittances on domestic investment with a sample including nineteen developing countries based on time series data from 1980 to 2015. However, our findings contradict some evidence from other regions. The results robustly confirm that remittances have a negative impact on domestic investment in these countries. Our results also indicate that the annual GDP per capita growth, official development assistance, domestic credit, gross saving, and inflation have a positive impact on domestic investment, however, we conclude that the impact of trade openness on domestic investment has a negative sign in the study period. The paper also provides some policy suggestions with regard to remittance flows in this region.

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