scholarly journals Application of vector auto regressive analysis on financial sector and economic growth in Ethiopia

2015 ◽  
Vol 9 (24) ◽  
pp. 814-821
Author(s):  
Tesso Gutu
Keyword(s):  
Economic Growth ◽  
Financial Sector ◽  
Auto Regressive ◽  
Regressive Analysis

The link between Economic Growth, Exports and Imports in Ethiopia: A Vector Auto Regressive Analysis

2021 ◽  
Author(s):  
Tigist Zelalem Asmare ◽  
MK Jayamohan
Keyword(s):  
Economic Growth ◽  
Policy Decision ◽  
Decision Makers ◽  
Annual Data ◽  
Significance Level ◽  
Auto Regressive ◽  
The Relationship ◽  
Shed Light ◽  
Integration Analysis ◽  
Regressive Analysis

Abstract The relationship between exports, imports andeconomic growth of Ethiopia has been investigated in this paper for the period 1981-2018 by using annual data from World Bank. For the analysis,Vector Auto Regressive Model, Johansen co-integration analysis and the GrangerCausality tests were implemented. The outcome of the analysis reveals that there is no cointegration relation between exports, imports and economic growth inEthiopia. Conversely, we found that there is a strong evidence of bidirectional causality between exports andeconomic growth and a unidirectional causality from export to import. There is also a causality running from import to exports at a 10% significance level that witnessed weak bidirectional causality between imports and exports. This shed light on the importance of giving more emphasis on export-led growth by Ethiopian policy decision makers.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

The Impact Of Financial Sector Development On Economic Growth In The Middle East And North Africa

2019 ◽  
pp. 81
Author(s):  
محمد سعيد محمود بللور ◽  
عامر عبدالفتاح زكريا باكير
Keyword(s):  
Economic Growth ◽  
Middle East ◽  
North Africa ◽  
Financial Sector ◽  
Financial Sector Development ◽  
The Impact

Financial Sector Performance and Economic Growth vis-a-vis Development in Nigeria : A Granger Causality Approach

2018 ◽  
Vol 3 (6) ◽  
pp. 20-27
Author(s):  
Okaro , Celestine ◽  
Ogbonna , Kelechukwu Stanley ◽  
Uzondu , Chikodiri Scholastica ◽  
Adoms , Francis Uju
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Financial Sector ◽  
Sector Performance

scholarly journals Financial sector and economic growth in the Republic of Croatia 1995-2005

2006 ◽  
Vol 51 (168) ◽  
pp. 109-120
Author(s):  
Damir Novotny
Keyword(s):  
Economic Growth ◽  
Foreign Currency ◽  
Foreign Debt ◽  
Financial Sector ◽  
Strong Increase ◽  
Credit Expansion ◽  
Public Consumption ◽  
Private And Public ◽  
The Republic ◽  
Global Economic Growth

Financial sector in the Republic of Croatia had a strong growth between 1995 2005.g. Liberalization of financial sector in 1999 led to an increase in bank foreign debt, which resulted in a strong increase in foreign currency reserves and appreciation of the national currency. The growth of the financial sector and credit expansion have been allocated in favour of private and public consumption, but not in industry investments. GDP growth didn't have the same momentum as financial aggregates. Economic growth, after a contraction in 1999 was within the average of global economic growth. Relying on neoclassical growth model, government and central bank didn't put in place the needed set of pro-active policies. Factor allocation was solely through private bank channels financing private consumption. If the sustainable economic growth and new employment are to be major macroeconomic goals, a new macroeconomic paradigm as combination of neclassical and neokeynesians approach will be needed.

scholarly journals Export Diversification and Economic Growth in Nigeria

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Philip Ifeakachukwu Nwosa ◽  
Fasina Oluwadamilola Tosin ◽  
Ogbuagu Matthew Ikechukwu
Keyword(s):  
Economic Growth ◽  
Poor Performance ◽  
Export Diversification ◽  
Economic Policies ◽  
Oil Market ◽  
Distributed Lag ◽  
The Poor ◽  
Auto Regressive ◽  
Oil Sector ◽  
The Government

The issue of export diversification has been contentious in Nigeria due to the country’s unstable growth pattern which is majorly associated with instability in the international oil market and the poor performance of other sectors of the economy. Therefore, this study examines the link between export diversification and economic growth in Nigeria from 1962 to 2016. The study utilizes the Auto-regressive Distributed Lag (ARDL) technique. The result of this study shows that export diversification has a positive but insignificant influence on economic growth in Nigeria. The above result implies that the oil sector still dominates the Nigerian economy while the diversification drive of the government has not been significant in other sectors of the economy. Thus, the study recommends the need for conscious economic policies that would promote the diversification of the entire non-oil sector of the economy. The study concludes that export diversification is an insignificant determinant of economic growth in Nigeria.

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