scholarly journals Agricultural Financing and Economic Performance in Nigeria

2020 ◽  
pp. 61-74
Author(s):  
Kelani Fatai Adeshina ◽  
Olunlade Yetunde Tomiwa ◽  
Olubanwo Mosunmola Eniola
Keyword(s):  
Financial Institutions ◽  
Economic Performance ◽  
Agricultural Sector ◽  
Positive Impact ◽  
Government Expenditure ◽  
Unit Root Test ◽  
Parameter Estimates ◽  
Statistical Decision ◽  
The Government ◽  
The Impact

The Agricultural sector which used to be the mainstay of the Nigerian economy in the 1950s, 60s and early 70s is now conceived as a risky and unprofitable venture by financial institutions and government. This is because the financial institutions prefer to give funds to other sectors where payback period is short and return rate is high and also because the agricultural sector is inadequately funded by the government due to low budgetary allocation to the Agricultural sector over the years. The study examined the impact of Agricultural Financing on Economic Performance in Nigeria within the sampled period of 1978-2017. The study specifically attempted to assess the impact of Agricultural Financing on Economic Performance in Nigeria. The study which utilizes data through secondary sources from the Central Bank of Nigeria statistical bulletin were analyzed using the Unit root test, Bound Cointegration test and error correction modelling to empirically estimate the coefficient of parameter estimates. The statistical decision of the analysis is based on 5% (0.005) level of significance. From the result, it was deduced that in the long-run, Agricultural Credit Guarantee Scheme Fund (ACGSF) is the most influential agricultural financing variable (as compared to government expenditure on agriculture and commercial bank credit to agriculture) that contributed to economic performance, as it revealed that (ACGSF) had strong positive impact on the growth rate of the Nigerian economy. The study concluded and strongly maintained that Agricultural Financing contributed poorly to the economic performance of Nigeria within the sampled period basically because of inadequate funding.

scholarly journals Impact of Petroleum on SMEs Growth in Nigeria.

2014 ◽  
Vol 2 (2) ◽  
Author(s):  
Sam Tende ◽  
Ezie Obumneke
Keyword(s):  
Positive Impact ◽  
Unit Root Test ◽  
Petroleum Products ◽  
Goods And Services ◽  
Petroleum Price ◽  
The Government ◽  
Petroleum Refineries ◽  
Private Investors ◽  
Log Linear ◽  
The Impact

The study undertakes an empirical research on the impact of petroleum on small and medium scale enterprises (SMEs) development in Nigeria. The log linear error correction model was adopted to examine how petroleum price (PP), Imported petroleum (IMP) and domestically produced petroleum (DPP) had impacted on Nigeria’s SMEs. Unit root test was carried out on each of the variables to determine their level of stationarity. They were however found stationary after first difference (that is, they are all integrated of order one (I(1)), then it was safe to proceed with Johansen Cointegration Test. The integrated variables were then used for the regression analysis. The cointegration result showed that the variables used in the model have a long term, or equilibrium relationship between them. It was observed that from the analysis that PP and IMP were found to be statistically insignificant and both had negative relationships with SMEs development Nigeria, while DPP had a positive impact and is statistically significant. Due to the underproduction of the Nigerian petroleum refineries, the government had to resort to importation of the shortfall which also has its cost implications on its sales and distribution. Local manufacturers and farmers had to pay more for transporting their goods and services to the markets. Incessant price hikes of petroleum products have led to crisis and industrial actions led by some pressure groups in Nigeria which has caused distortion in the SMEs activities of Nigeria overtime The study thus recommends that the down-stream oil need to be deregulated to allow private investors come in to build in more refineries so as to produce the petroleum at a relatively lower cost to propel the growth of SMEs in the country.

scholarly journals Krisis Global dan Pertumbuhan Ekonomi di Indonesia

2021 ◽  
Vol 10 (1) ◽  
pp. 46-55
Author(s):  
Neli Aida ◽  
Fadeli Yusuf Afif ◽  
Tantri Siwi Peni
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Unit Root Test ◽  
The United States ◽  
Global Crisis ◽  
Correction Model ◽  
The Government ◽  
Short Time ◽  
The Impact

This study aims to analyze the impact of the global crisis that occurred in 2008 on economic growth, the trigger for the crisis, namely an increase in credit accumulation in a large amount and in a short time in the United States (US), this increase led to an increase in bad credit so that it was quite large in the world economy. Economic growth, the global crisis, investment, exports, and labor are variables that will be obtained from the Central Statistics Agency, the Investment Coordinating Board, and others. The result of the unit root test and cointegration shows that the Error Correction Model is the chosen model. The results showed that the global crisis had a significant and negative impact on economic growth in Indonesia, while exports, labor, and investment had a significant and positive impact. Therefore, the government must maintain the balance of the economy to prevent a crisis, as well as the need to encourage investment, exports, and human resources to encourage increased economic growth.  

scholarly journals THE IMPACT OF FISCAL POLICY TOWARD ECONOMIC PERFORMANCE AND POVERTY RATE IN INDONESIA

2010 ◽  
Vol 12 (4) ◽  
pp. 391-424
Author(s):  
Indra Maipita ◽  
Mohd. Dan Jantan ◽  
Nor Azam Abdul Razak
Keyword(s):  
Fiscal Policy ◽  
Income Distribution ◽  
Economic Performance ◽  
Household Income ◽  
Negative Impact ◽  
Positive Impact ◽  
Poverty Rate ◽  
Policy Measures ◽  
The Government ◽  
The Impact

The government is continuously formulating some policies in order to boast economic growth and downsize poverty rate. However, the government is facing some obstacles such as an increasingly in budget deficit which is potentially impacting to the determining of priority scale as well as the pro and contra within it. Based on that consideration, economic policy is needed to be revised and redesigned in order to meet the need of pro growth, pro job, and pro poor. Generally, this research aims to examine the impact of an expansion and contraction of fiscal policy measures on Indonesia economic performance. For the purpose of this study, the change of macro economic indicators, economic sector performance, and the change of poverty and income distribution are examined using the Computable General Equilibrium (CGE) model. In order to evaluate the disparity of income distribution, beta distribution function is used which is adopted from Decaluwe, et al. (1999). This study employs Foster, Greer, and Thorbecke (F-G-T) and Cockburn (2001) methods to evaluate poverty (poverty incidence) on each household group. The results of this study show that the impact of an increase in subsidy is more favourable than two others fiscal policy measures. Even though the policy of transfer income gives a positive impact for the upsizing of rural household income and the downsizing in poverty, but on the other hand it has negative impact on others household income which aggregately has a negative impact on the decreasing of GDP. JEL Classification: I32, E62.Keywords: fiscal policy, poverty, income distribution

scholarly journals PERAN SEKTOR PERTANIAN TERHADAP KINERJA PEREKONOMIAN NASIONAL

2015 ◽  
Vol 14 (2) ◽  
pp. 1-20
Author(s):  
R. Pramono Soedomo
Keyword(s):  
Economic Development ◽  
Crucial Role ◽  
Agricultural Sector ◽  
Government Expenditure ◽  
Input Output ◽  
Model Classification ◽  
Simulation Results ◽  
The Government ◽  
The Impact

The agricultural sector has an important role in the Indonesian economy, it is considering Indonesia as an agricultural country where most of the population work in agriculture. Therefore the necessary support from the government to develop the agricultural sector. This study aims to analyze the impact of government expenditure in the agricultural sector on the performance of the Indonesian economy. The methodology used is the 2005 Input-Output Model classification of nine sectors.Results showed that the index of agricultural output multiplier greater than one indicating that the agricultural sector has a crucial role in the Indonesian economy. Furthermore, simulation results indicate that the impact of increasing government expenditure in the agricultural sector resulting in increased output, income and employment is a sector with the largest employment creation figures.Compared with other sectors, the agricultural sector contributes the largest output. Therefore we need the support and greater attention from the government to ensure the sustainability of the agricultural sector for sustainable economic development..

scholarly journals The Impact of Natural Resource Rent on Economic Growth of Ghana

2020 ◽  
pp. 1-17
Author(s):  
Opoku Adabor ◽  
Emmanuel Buabeng ◽  
Godred Annobil-Yawson
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Significant Relationship ◽  
Oil And Gas ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Resource Rent ◽  
The Government ◽  
The Impact

This study examines the effect of oil and gas resource rent on economic growth of Ghana for the period of 2007 to 2019. The study uses the bounds test approach to cointegration within the framework of autoregressive distributed lags model as the estimation strategy. The results from the study revealed that oil resource rent had a negative and significant relationship with economic growth of Ghana. However, gas resource rent had a positive impact on economic growth of Ghana. Furthermore, the study also found that foreign direct investment and exchange rate had significant positive relation with economic growth of Ghana respectively. For government expenditure, it exerts a negative impact on economic growth of Ghana.  Based on the negative and significant relationship with oil resource rent and economic growth of Ghana, it is recommended that the government should reduce taxes on oil industries to help increase the production of oil and gas in Ghana. Furthermore, the study recommends Government and private partnership to ensure effective management of exchange rate fluctuations in Ghana.

scholarly journals Impact of Petroleum on Smes Growth in Nigeria

2014 ◽  
Vol 2 (2) ◽  
pp. 4-14
Author(s):  
Sam B.A. Tende ◽  
Ezie Obumneke
Keyword(s):  
Positive Impact ◽  
Unit Root Test ◽  
Petroleum Products ◽  
Goods And Services ◽  
Petroleum Price ◽  
The Government ◽  
Petroleum Refineries ◽  
Private Investors ◽  
Log Linear ◽  
The Impact

ABSTRACT The study undertakes an empirical research on the impact of petroleum on small and medium scale enterprises (SMEs) development in Nigeria. The log linear error correction model was adopted to examine how petroleum price (PP), Imported petroleum (IMP) and domestically produced petroleum (DPP) had impacted on Nigeria’s SMEs. Unit root test was carried out on each of the variables to determine their level of stationarity. They were however found stationary after first difference (that is, they are all integrated of order one (I(1)), then it was safe to proceed with Johansen Cointegration Test. The integrated variables were then used for the regression analysis. The cointegration result showed that the variables used in the model have a long term, or equilibrium relationship between them. It was observed that from the analysis that PP and IMP were found to be statistically insignificant and both had negative relationships with SMEs development Nigeria, while DPP had a positive impact and is statistically significant. Due to the underproduction of the Nigerian petroleum refineries, the government had to resort to importation of the shortfall which also has its cost implications on its sales and distribution. Local manufacturers and farmers had to pay more for transporting their goods and services to the markets. Incessant price hikes of petroleum products have led to crisis and industrial actions led by some pressure groups in Nigeria which has caused distortion in the SMEs activities of Nigeria overtime The study thus recommends that the down-stream oil need to be deregulated to allow private investors come in to build in more refineries so as to produce the petroleum at a relatively lower cost to propel the growth of SMEs in the country.

ANALISIS FAKTOR YANG MEMPENAGRUHI PASAR MODAL DAN PEREKONOMIAN DI INDONESIA

2019 ◽  
Vol 1 (4) ◽  
Author(s):  
Yoki Wesya ◽  
Hasdi Aimon ◽  
Ariusni Ariusni
Keyword(s):  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Positive Impact ◽  
Government Expenditure ◽  
Private Investment ◽  
Stock Price Index ◽  
The Government ◽  
The Impact ◽  
Index Exchange

This research aims to knows impact of composite stock price index, exchange rate and value of traded share to capital market and analyze the impact of capital market to indonesia’s economics using two stage least squares (TSLS). The first equation to seek the impact of composite stock price index, exchange rate dan and value of traded share to capitalism stock. The results of this research showed composite stock price index, exchange rate, value of traded share have significant positive impact to capitalism stock.. The second equation to seek the impact of consumption, government expenditure, capitalism stock, private investment and net export to Indonesia’s economic. The results of this research showed consumption have significant positive to Indonesia’s economic. Government Expenditure, Capitalism stock, Private investment, Net export  have unsignificant impact to indoneisa’s economic. From the results of this research we can suggest to the government give more attentiont indicators that able to support the indonesia’s economic and overcome negative side lowers the indonesia’s economic. And that the government will be able to control the investments made in order to have a positive impact to indonesia’s economic. And also expected for investors to further increase their investment so that increasing employment opportunities and making the indonesia’s economic.

scholarly journals Dampak Program Simantri 245 Banteng Rene terhadap Subak Renon di Kecamatan Denpasar Selatan, Denpasar

2017 ◽  
Author(s):  
AHMAD SURYA JAYA ◽  
I WAYAN WINDIA ◽  
NYOMAN PARINING
Keyword(s):  
Urban Areas ◽  
Agricultural Sector ◽  
Positive Impact ◽  
Sampling Technique ◽  
Institutional Development ◽  
Livestock Waste ◽  
Municipal Governments ◽  
Cropping Intensity ◽  
The Government ◽  
The Impact

Impact of 245 Rene Bull Simantri Program on Subak Renon in South Denpasar District, DenpasarSimantri is one of the strategies in order to accelerate the adoption of agricultural technology by integrating the agricultural sector into supporting sectors in accordance with the potential of each region. The purpose of this study was to analyze and describe the impact of 245 Rene Bull Simantri program on Subak Renon Renon.The choice of research location was made on purpose with consideration that the Subak location was within the urban areas. The existence of Simantri program in in Subak did not run well. Subak Renon which are adjacent to several other Simantri already capable of utilizing livestock waste into fertilizer. The 30 samples were taken out of 102 members of Subak, using a sampling technique of random sampling. The data were collected through interviews, observation and documentation. The data analysis used descriptive methods.The results showed that there was no impact of 245 Simantri program on Subak Renon in terms of increased cropping intensity, the institutional development supporting agricultural activities, the increase of farmers' income, the area of organic lands, the creation and the development of organic agriculture and infrastructure in the region of Subak Renon, so that the activities of 245 Rene Bull Simantri Renon were inactivated. The suggestion that can be made by the writer associated with this study is that the government is expected to reactivate back 245 Rene Bull Simantri in Renon and the provincial and municipal governments are expected to provide competent assistance counselors and fund assistance in order to give a positive impact on Subak Renon.

Diversity and the Performance of Selected Financial Institutions of Asia

2018 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Shafaque Fatima ◽  
Saqib Sharif
Keyword(s):  
Financial Institutions ◽  
Positive Impact ◽  
Financial Institution ◽  
Gender Diversity ◽  
Business Case ◽  
Ordinary Least Squares ◽  
Cross Sectional ◽  
Age Diversity ◽  
The Impact ◽  
Nationality Diversity

Linking with the business case for diversity, this study examines whether the top management team (TMT) and the board of directors (BODs) diversity has a positive impact on financial institution (FI) performance in select countries of Asia least researched domain. We use data from 119 financial institutions across Asia for the year 2015, initially 1,447 institutions; however, incomplete data was excluded from final analysis. We use three proxies for diversity, that is, nationality diversity, gender diversity, and age diversity of TMT and BODs. To investigate the impact of TMT and BODs diversity, cross-sectional ordinary least-squares estimation is applied, using Return on Average Assets (ROAA%) as a measure of performance.  We find that nationality diversity and age diversity is positively and significantly related to FIs performance. Our evidence indicates that executives and board members with diverse exposure and younger age improve FIs profitability. However, there is no significant relationship between gender and FIs performance.

Does a carbon emissions trading scheme spur urban green innovation? Evidence from a quasi-natural experiment in China

2021 ◽  
pp. 0958305X2110153
Author(s):  
Chao Li ◽  
Xiangyou Li ◽  
Deyong Song ◽  
Meng Tian
Keyword(s):  
Energy Conservation ◽  
Alternative Energy ◽  
Positive Impact ◽  
Emission Trading ◽  
Green Innovation ◽  
Urban Green ◽  
Carbon Emissions Trading ◽  
The Government ◽  
Trading Scheme ◽  
The Impact

Based on the panel data of 277 cities between 2003 and 2017 and a unique city-level dataset of green patent applications, this study employs the difference-in-differences (DID) method to evaluate the effect of China’s carbon emission trading scheme (ETS) pilots on urban green innovation. The findings indicate that China’s ETS pilots have a positive impact on urban green innovation, and that impact is more significant for municipalities than for prefecture-level cities. Furthermore, the impact on different categories of urban green innovation is heterogeneous. More specifically, China’s ETS pilots have significantly spurred urban green innovation that is closely related to energy conservation and emission reduction, including alternative energy production, transportation, energy conservation and so forth. Moreover, the facilitating effect of China’s ETS pilots on urban green innovation suffers from a lagging effect, which began to show a significant positive effect in 2016. Overall, this paper identifies the effect of China’s ETS pilots on urban green innovation, and suggests that the government should consider the heterogeneity of urban green innovation when designing national ETS policies.

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