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 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 Remittances Impact on Economic Growth, Domestic Savings and Domestic Capital at the Presence of ODA and FDI in Selected MENA Countries

2016 ◽  
Vol 3 (2) ◽  
pp. 26 ◽  
Author(s):  
Mahmoud Mohammed Sabra
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Host Countries ◽  
Mena Countries ◽  
Domestic Capital ◽  
Domestic Savings ◽  
Seeking Behavior ◽  
The Impact

<p>This article investigates the impact of remittances on economic growth, investment and domestic savings in selected MENA labor exporting countries. The estimations have been done in the presence of other international capital inflow, which are foreign aid and foreign direct investment. A multiple equations model estimated simultaneously using different techniques. We found a positive impact of remittances on both growth and investment, meanwhile a negative impact on domestic savings. Aid impacts negatively on both growth and savings where it finance consumption instead of investment and enhance rent seeking behavior. Government expenditure and FDI are important source of growth. We recommended that policies for encouraging final use of productive investment of remittances. In addition, enhancing more project of migrant in home country that may facilitate their trade with host countries. Finally, more efficient allocation of aid is requires, and attracting more FDI.</p>

scholarly journals The Impact of Public Expenditure on Economic Growth: A Review of International Literature

2019 ◽  
Vol 19 (2) ◽  
pp. 81-101
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Government Spending ◽  
Public Expenditure ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Empirical Literature ◽  
The Impact ◽  
The Relationship

Abstract Research background: Although a number of studies have been conducted on the relationship between public expenditure and economic growth, it is difficult to tell with certainty whether or not an increase in public expenditure is good for economic growth. This lack of consensus on the results of the previous empirical findings makes this study of paramount importance as we take stock of the available empirical evidence from the 1980s to date. Purpose: In this paper, theoretical and empirical literature on the relationship between government expenditure and economic growth has been reviewed in detail. Focus was placed on the review of literature that assessed the impact of government spending on economic growth. Research Methodology: This study grouped studies on the impact of public expenditure on economic growth based on their results. Three groups emerged – positive impact, negative impact and no impact. This was followed by a review of each relevant study and an evaluation of which outcome was more prevalent among the existing studies on the subject. Results: The literature reviewed has shown that the impact of government spending on economic growth is not clear cut. It varies from positive to negative; with some studies even finding no impact. Although the impact of government spending on economic growth was found to be inconclusive, the scale tilts towards a positive impact. Novelty: The study provides an insight into the relationship between public expenditure and economic growth based on a comprehensive review of previous empirical evidence across various countries since the 1980s.

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 effects of government expenditure on sustainable economic growth in India: assessment of the circular economy

2021 ◽  
Vol 72 (01) ◽  
pp. 74-80
Author(s):  
SMITHA NAYAK ◽  
VARUN S.G. KUMAR ◽  
SUHAN MENDON ◽  
RAMONA BIRAU ◽  
CRISTI SPULBAR ◽  
...  
Keyword(s):  
Economic Growth ◽  
Social Services ◽  
Government Spending ◽  
Central Government ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Secondary Data ◽  
Online Data ◽  
The Government

Government expenditure is linked to the economic growth and is the driving force of the every country. In the post liberalization era, India has been exposed to the dynamics of the world economy due to which India has witnessed a significant impact of Government spending on its economic growth. The objective of this paper is to investigate the effects of the Central Government spending on the growth of the Indian economy over a period, from 2006 to 2016. The online data disclosures of the various ministries have been the major source of secondary data. Co-integration analysis is adopted to evaluate the effect of individual sectorial spending on the economic growth and gross domestic product. The economic spending is classified into 5 sectors namely: General Services, Social Services, Economic Services, Grants in Aid & Contribution and Public debt & Loans for analysis, as disclosed by the sources. The analysis gives us an idea of the various sectors which have a positive impact and the sectors which have a negative impact. The results would play an instrumental role in exploring the sectors in which the government should invest more, thereby contributing to an enhancement in the country’s growth.

scholarly journals Implementasi Variabel Makro: Zakat, Infak Dan Shodaqah (Zis) Pada Pelaku Ekonomi Kreatif Makanan Siap Saji Berbasis Singkong

IQTISHODUNA ◽  
2020 ◽  
Vol 16 (2) ◽  
pp. 191-202
Author(s):  
Masyhuri Masyhuri.
Keyword(s):  
Economic Growth ◽  
Fast Food ◽  
Negative Impact ◽  
Positive Impact ◽  
Aggregate Demand ◽  
Government Expenditure ◽  
Basic Research ◽  
Creative Economy ◽  
Macro Variables ◽  
The Impact

The purpose of this study is the impact of macro variables on zakat, shodaqah and infaq (Zis) on economic growth (aggregate demand; AD). The initial impact is controlled from the macro variables of consumption, investment, saving  and government expenditure. This study is included in the basic research category because the level of technological readiness is 3 (three), namely at the laboratory level.  Analysis tools are carried out using a graphical and mathematical approach. The results showed that Zis has a sectoral impact on economic growth (AD). The consumption, investment, saving, government expenditure and export variables have a positive impact on AD. Likewise Zis role in economic growth is positive. Whereas interest money has a negative impact. Anticipation without using interest money in the economy is done by increasing economic activity through the implementation of 14 sharia transactions. One of them is the application of qardhul-hasan to the creative economy of cassava-based fast food creative, which shows that the acceleration of the value of the currency compared to the future value  can be created at 6.7 % -10% from before. That is why Zis besides having a positive impact on economic growth (AD) also gave birth to blessing as measured through 3 indicators of blessing, namely ni'mah, sa'adah (goodness) and ziyadah (additional).

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 Economic Impacts of Development Tourism Activities in Pangururan District, Samosir Regency Indonesia

2021 ◽  
Vol 5 (1) ◽  
pp. 80-89
Author(s):  
Nanda Sofia, S.T
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Tourism Development ◽  
Local Communities ◽  
Regional Tourism ◽  
Tourism Sector ◽  
The Government ◽  
The Impact ◽  
Poverty Levels

Abstract. The tourism sector dramatically affects the economic growth of an area, where tourism activities are expected to minimize poverty levels and manage local communities. However, the economic impact on tourism development activities is essential to note, addition to having a positive impact on tourism development activities it also has a negative impact. This study aims to see the extent of the impact that occurs in the Pangururan Regency in activities. The method used in this research is a qualitative study method through descriptive journals and literature studies. Economy development from tourism has a significant impact on regional tourism revenues. The results of this study are expected to measure the extent of the impact of economic development on the tourism sector. And moreover results are expected to help the government in developing tourism programs in Pangururan Samosir District which can increase tourists visiting both the tourism season and the semi-quiet season.

The nexus between financial development and energy consumption: Estimating the role of foreign direct investment, economic growth and urbanization

2021 ◽  
pp. 0958305X2110453
Author(s):  
Jaleel Ahmed ◽  
Shuja ur Rehman ◽  
Zaid Zuhaira ◽  
Shoaib Nisar
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Financial Development ◽  
Latin American ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Supply And Demand ◽  
The Impact

This study examines the impact of financial development on energy consumption for a wide array of countries. The estimators used for financial development are foreign direct investment, economic growth and urbanization. The study employed a panel data regression on 136 countries with time frame of years 1990 to 2019. The model in this study deploys system GMM technique to estimate the model. The results show that financial development has a significant negative impact on energy consumption overall. Foreign direct investment and urbanization has significant impact on energy consumption. Also, economic growth positive impact on energy consumption its mean that economic growth promotes energy consumption. When dividing further the sample into different groups of regions such as Asian, European, African, North/Latin American and Caribbean countries then mixed results related to the nexus between financial development and energy consumption with respect to economic growth, urbanization and foreign direct investment. The policymakers in these different groups of countries must balance the relationship between energy supply and demand to achieving the sustainable economic development.

scholarly journals Government Expenditure and Economic Growth Nexus: Evidence from Nigeria

2016 ◽  
Vol 5 (4) ◽  
pp. 56
Author(s):  
Oyediran, Leye Sherifdeen ◽  
Sanni, Ibrahim ◽  
Adedoyin, Lukman ◽  
Oyewole Olabode Michael
Keyword(s):  
Economic Growth ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Least Square ◽  
National Bureau ◽  
Fiscal Discipline ◽  
Secondary Sources ◽  
Economic Development And Growth ◽  
The Government ◽  
The Impact

The need to better the lots of citizens through government expenditure has raised questions on the impact of government expenditure on the economic development and growth of nations. It is against this background that this paper examined the antecedent effect of government spending on the Nigerian economic growth. The general objective of the study is to ascertain the relationship between government expenditure and economic growth in Nigeria; specifically, the study examined: (i) the significance influence of government capital expenditure on economic growth in Nigeria and (ii) the significance influence of government recurrent expenditure on economic growth in Nigeria. The study employed ordinary least square (OLS) multiple regression analysis in estimating the specified model, with the Gross Domestic Product (GDP) as the dependent variable, while Capital Expenditure (CAPEXP) and Recurrent Expenditure (REXP) are the independent variables. Data between 1980 – 2013 were collected from secondary sources through the National Bureau of Statistics (NBS) and Central Bank of Nigeria (CBN). Results showed that in Nigeria, there exist a significant relationship between the government expenditure and economic growth. The study therefore recommends instilling fiscal discipline in government expenditures, and putting in place structural mechanisms to act as surveillance on capital spending so as to boost the nation’s human and social capital.

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