scholarly journals Deficit Financing and Economic Growth in Nigeria: 1987-2017

2019 ◽  
pp. 1-13
Author(s):  
John Okachukwu Okah ◽  
Kenechukwu Origin Chukwu ◽  
Amalachukwu Chijindu Ananwude
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Structural Adjustment ◽  
International Market ◽  
Government Revenue ◽  
Adjustment Programme ◽  
Vector Autoregressive ◽  
Deficit Financing ◽  
The Government ◽  
High Level

The debt profile of the Government of Nigeria has been on the increase from 1986; climaxing during the worst recession Nigeria economy has entered into after the structural adjustment programme (SAP). With the reduction in government revenue occasioned by the fluctuations of price of crude oil in the international market and absolute recklessness on the part of successive government, the government has no option than to borrow to fund its day to day activities.  This study examined the effect of deficit financing on economic growth of Nigeria from 1987 to 2017. Vector Autoregressive Estimates was used in estimating the model.  The analysis performed revealed that deficit financing has positive but insignificant effect on Nigerian economic growth. We recommended that government should strive to diversify its revenue base and also demonstrate a high level of transparency in both its monetary and fiscal operations among others.

scholarly journals Una propuesta de recuperación económica en una economía de recesión:

SATHIRI ◽  
2016 ◽  
pp. 71
Author(s):  
Austin Obiajulu Halim Joe
Keyword(s):  
Economic Growth ◽  
Crude Oil ◽  
Free Trade ◽  
Brain Drain ◽  
Government Revenue ◽  
Fiscal Policies ◽  
Commercial Activities ◽  
The Poor ◽  
The Government ◽  
The Cost

Many  critics  of  dollarization   of  Ecuadorian  economy   should  also  count  the    achievements    dollarization policy has  avail  Ecuador.  Economically,  countries  with  balance of payment problems are mandated  internationally to devalue  their  currency,  devaluation of  Ecuadorian  Sucre  would have been a  disaster  for    Ecuador   seeing  that  Ecuador  as  a  country  is  not  industrially  developed   rather  it's  operating a monotonic  economy  highly  dependent  on  export  of  crude oil and  pre-processed  agro  product. Secondly,  seignior age  which   to  Ecuador  is  a    huge  gain,  since the country  is not  responsible for the cost of printing their  official  currency.Paradoxically,  would have  been an expenses  if the government  operates      a  Sucre  economy.    Although the present  government  has  made  tremendous  changes  and  also   measurable  achievements  Kudos  to the government of  Rafael  Correa,  there  is still  enormous  economic   challenges  and Immense  gap  between  the  poor  and the reach  which    next  government  need  to  tackle  to alleviate   the  present    economic  hardship. Establishment of a free trade zone is   a panacea to conquer   challenges posed by Colombian Pesos to Ecuadorian economy.   FTZ is a  card  changer   to  minimize  brain drain from   border  provinces  and rekindle  commercial  activities  as  well  as  generate enormous employment  opportunity which will in turn  increase government revenue , exterminate  poverty  and curb  recession  being  experienced  presently  by the  economy due  to  fiscal  policies.  Tax  policy  is  economically  lucrative  in  correcting    economic anomalies  but   government  should also  take  into  consideration the  ratio of unemployment to  Employment   which directly  determines  purchasing power and  any  attempted  increment in taxation  should  be within a  stipulated  economic  period  in order to match   economic  growth  with  development.

scholarly journals Hypothesizing directional causality between the governance indicators and economic growth: the case of Afghanistan

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Mohammad Naim Azimi ◽  
Mohammad Musa Shafiq
Keyword(s):  
Economic Growth ◽  
Rule Of Law ◽  
Time Series Data ◽  
Political Stability ◽  
Wald Test ◽  
Series Data ◽  
Vector Autoregressive ◽  
Government Effectiveness ◽  
Governance Indicators ◽  
The Government

AbstractThis paper examines the causal relationship between governance indicators and economic growth in Afghanistan. We use a set of quarterly time series data from 2003Q1 to 2018Q4 to test our hypothesis. Following Toda and Yamamoto’s (J Econom 66(1–2):225–250, 1995. 10.1016/0304-4076(94)01616-8) vector autoregressive model and the modified Wald test, our empirical results show a unidirectional causality between the government effectiveness, rule of law, and the economic growth. Our findings exhibit significant causal relationships running from economic growth to the eradication of corruption, the establishment of the rule of law, quality of regulatory measures, government effectiveness, and political stability. More interestingly, we support the significant multidimensional causality hypothesis among the governance indicators. Overall, our findings not only reveal causality between economic growth and governance indicators, but they also show interdependencies among the governance indicators.

scholarly journals Economic Growth, Policies and Influencing Factors: The Case of Albania

2016 ◽  
Vol 4 (1) ◽  
pp. 107
Author(s):  
Eleni Vangjeli ◽  
Anila Mancka
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Fiscal Policy ◽  
Interest Rates ◽  
Empirical Analysis ◽  
Influencing Factors ◽  
Fiscal Policies ◽  
The Government ◽  
High Level ◽  
The Empirical Analysis

Monetary and fiscal policies are two policies that the government could use to keep a high level of growth, with a low inflancion. Fiscal policy has its initial impact on the stock market, while monetary policy in market assets. But, given that the goods and active markets are closely interrelated, both policies, monetary as well as fiscal have impact on the economy, increasing the level of product through the reduction of interest rates. In our paper we will show how functioning monetary and fiscal policies. But also in our paper we will analyze the different factors which have affected the economic growth of the country. The focus of our study is the graphical and empirical analysis of economic growth, policies and influencing factors. For the empirical analysis we have used data on the economic growth in Albania for 1996– 2014.

scholarly journals An Empirical Study of the Relationship among Population Mobility, Industrial Structure Upgrading, and Economic Growth – Based on the SPVAR Model

2021 ◽  
Vol 4 (4) ◽  
pp. 14-25
Author(s):  
Bowen Xu ◽  
Yang Lu
Keyword(s):  
Economic Growth ◽  
Industrial Development ◽  
Industrial Structure ◽  
Impulse Response Function ◽  
Space Time ◽  
Population Mobility ◽  
Vector Autoregressive ◽  
High Level ◽  
The Impact ◽  
Industrial Structure Upgrading

Based on the inter-provincial panel data for 31 provinces in China from 2000 to 2019, and incorporating geospatial factors, a spatial panel vector autoregressive (SPVAR) model consisting of population mobility, industrial structure upgrading, and economic growth is constructed. The space-time impulse response function is used to analyze the space-time conduction of exogenous variables on the impact of three endogenous variables. The study found that first, the population influx barely benefited the industrial structure upgrading and economic growth. Second, the upgrading of the industrial structure would aggravate the population mobility in the province, causing low-level laborers to leave the province in short-term, but in long-term, there would be influx of talents. Third, the economic growth in developed regions plays a significant role in promoting the industrial development of their province and population-rich provinces, but it has less impact on provinces with high-level industrial structure. Finally, policy recommendations are provided in regard to the benign interaction among population mobility, industrial structure upgrading, and economic growth in addition to clarifying the idea of economic development, implementing correct population policies, and promoting the coordinated regional development.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMENGARUHI KORUPSI DI KAWASAN ASIA PASIFIK

2018 ◽  
Vol 5 (2) ◽  
pp. 32-44
Author(s):  
Happy Febrina Hariyani ◽  
Dominicus Savio Priyarsono ◽  
Alla Asmara
Keyword(s):  
Economic Growth ◽  
Urban Population ◽  
Institutional Quality ◽  
Political Stability ◽  
Developed Countries ◽  
Asia Pacific ◽  
Asia Pacific Region ◽  
The Government ◽  
High Level ◽  
The Impact

The phenomenon of corruption is a big problem faced by countries with rapid economic development. The problem is not only faced by developing countries, but also in some developed countries. The factors that cause corruption classified into three broad categories--economic, political and socio-cultural. The high level of corruption in a country can also cause high cost economy that could hamper economic growth through the obstacles that occur in the investment. The purpose of this study is to analyze the factors that affect the level of corruption and to analyze the impact of corruption on economic growth in the Asia Pacific region. The results show that public budget, political stability, and urban population affect the level of corruption. Low institutional quality, indicated by the failure of the government (corruption), has a bad influence on economic growth performance.

scholarly journals Inequality and economic growth in Bangladesh–a diversified evidence on Kuznets pattern `U` hypothesis

1970 ◽  
Vol 7 (1) ◽  
pp. 117-123
Author(s):  
SMA Islam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Income Inequality ◽  
Low Income ◽  
Structural Adjustment ◽  
National Level ◽  
Low Income Countries ◽  
Poor People ◽  
Kuznets Hypothesis ◽  
The Government

The study of inequality and economic growth to the developing countries are now a days a comprehensive issue since the growth stimulate the standard of living to the poor people and accordingly reduce income inequality. The improvement of inequality and growth may reduce the social movement to the government and may keep the economic and social integrity amongst the different ethnic groups by efficient resource allocation and income redistribution in Bangladesh. The objective of this research is to assess long term relationship between inequality and growth in Bangladesh with a methodology of Kuznets pattern inverted U hypothesis first introduced by Simon Kuznets since 1955. The popular concept of Kuznets hypothesis suggests that as economic growth occurs, income inequality first increase and then decline after a certain turning point. The study of Kuznets hypothesis is popular to the international economic environment rather than domestic, especially to the developing countries where the per capita GDP is below the level of world average. This study found the evidence that the presumption of Kuznets hypothesis has satisfied in the economy of Bangladesh in national level. In low income countries, structural adjustment is necessary to satisfy the Kuznets hypothesis. Keywords: Kuznets Hypothesis; Inequality; Growth DOI: 10.3329/jbau.v7i1.4973 J. Bangladesh Agril. Univ. 7(1): 117-123, 2009

scholarly journals Effect of Insecurity on Economic Growth in Nigeria

2018 ◽  
Vol 1 (2) ◽  
pp. p69
Author(s):  
Louis Sevitenyi Nkwatoh ◽  
Hiikyaa A. Nathaniel
Keyword(s):  
Economic Growth ◽  
Vector Autoregressive Model ◽  
Economic Activities ◽  
Foreign Investments ◽  
Economic Growth Rate ◽  
Vector Autoregressive ◽  
Economic Theories ◽  
Negative Effect ◽  
The Government ◽  
Entire Economy

Many studies in conformity with theoretical underpinnings have shown that insecurity exerts a negative effect on economic growth. This study investigated the effect of insecurity on economic growth in Nigeria. The vector autoregressive model was employed using quarterly data from 2009Q1 to 2016Q4. The major findings show that economic growth and investment activities tend to increase during periods of insecurity. Also the rate of unemployment reduced during periods of insecurity. This implies that insecurity only threatens economic activities with no negative effect on the entire economy as conjectured by various economic theories. Thus, to continuously sustain the Nigeria’s economic growth rate, the government needs to protect domestic and foreign investments by stepping up its national security.

scholarly journals ANALISIS PENGARUH BELANJA PEMERINTAH, TENAGA KERJA, DAN PENDAPATAN ASLI DAERAH TERHADAP PERTUMBUHAN EKONOMI REGIONAL PROVINSI JAWA TIMUR TAHUN 2010-2015

2017 ◽  
Vol 15 (1) ◽  
pp. 71
Author(s):  
Avicenna S Hidayat ◽  
Frederic Winston Nalle
Keyword(s):  
Economic Growth ◽  
Local Government ◽  
Government Spending ◽  
Panel Data Analysis ◽  
Government Expenditure ◽  
Regional Economic Growth ◽  
Government Revenue ◽  
Regional Economic ◽  
The Government ◽  
Regional Product

Regional economic growth is expressed in the Gross Domestic Regional Product is a good indicator in analyzing the economic conditions of a region. East Java is a province with high regional economic growth. This is supported by adequate government spending, labor, and local revenue. In terms of government expenditure that always experienced increase, indicating more activities financed by the government budget so that the expected multiplier effect is also greater. On the other side of the labor force, East Java has great potential, 19, 36 million people by 2015. Finally, in terms of Original Local Government Revenue, in 2015 the percentage of realization of Original Local Government Revenue East Java is even able to exceed the percentage of realization of state revenues derived from taxes. This study aims to determine the effect of government spending, labor, and Original Local Government Revenue  on regional economic growth in 38 districts / cities in the Province of East Java period 2010-2015. Using panel data analysis, it was found that government spending, labor, and Original Local Government Revenue variables were positively and significantly influenced regional economic growth.

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