External Sector and The Nigerian Manufacturing Sector Performance, 1981-2019

No country is an island. The globalization phenomenon is making all countries to be interdependent. The external sector environment has become critical for the success of every country and internal balance. Thus, it has become important to examine how much the externa sector environment impact on the performance of the domestic economy. The present study, therefore, examined the influence of Nigerian external sector environment on the performance of the Nigerian manufacturing sector between 1981 and 2019. The study adopted exp-post research design approach and the Autoregressive Distributed Lag (ARDL) model estimation techniques. The empirical model consists of the Nigerian manufacturing sector output index as the dependent variable and exchange rate, trade openness, and foreign direct investment as independent variables and external sector environment variables. Test of unit root results indicated that the variables have mix order of integration, while the co integration analysis results indicated that the variables in the model have stable long run relationship. Estimate of the ARDL model reveals that in the short run exchange rate variations have negative, but significant effect on manufacturing sector performance, while trade openness, and FDI have positive but insignificant influence on the manufacturing sector performance in the short run. In the long run, exchange rate level and FDI inflows have positive and significant effect on the manufacturing sector performance, while trade openness has negative and significant effect on the Nigerian manufacturing sector performance. The study therefore conclude that the Nigerian external sector Environment has significant influence on the performance of the Nigerian manufacturing sector.

Assessing the level of competitiveness of the insurance sector during economic crises: The example of Ukraine

In the context of the crisis in Ukraine, it is important to increase the competitiveness of the insurance sector as a measure of its stability and dynamism under various scenarios of economic development. The purpose of this paper is to assess the competitiveness of the insurance sector and determine the impact on its level of factors caused by economic crises. Using the method of integrated analysis, the index of competitiveness of the insurance industry is built, which considers the number of businesses, employment, sales, capital investment in the industry, insurance sector performance, share of profitable enterprises, and profitability of the insurance sector in Ukraine for 2012–2020. The results showed that the impact of the 2014–2015 crisis due to endogenous factors, namely political instability in the country and the devaluation of the hryvnia, led to a significant reduction in the competitiveness index of the insurance sector. At the same time, during the pandemic, the insurance sector is stabilized, as evidenced by the growth of sales and the share of profitable enterprises, as well as increasing profitability of insurance activities. The competitiveness index did not change significantly during the pandemic. To analyze the dependence of the integrated indicator of the competitiveness of the insurance sector on economic fluctuations during the crisis, regression equations are constructed. It is proved that the greatest impact on the competitiveness index of the insurance sector in times of crisis is exerted by changes in employment and the amount of capital investment.

Modern paradigms for evaluation and measurement of public administration performance

Performance measurement is a concept whose definition cannot be made precisely because it goes beyond the scope of a particular scientific field. In the public sector, performance is extremely difficult to identify, as no clear and concrete criteria are set to accurately reflect the purpose of the work of public institutions. The concern for measuring performance in public institutions has arisen as a result of the increasing difficulty of solving the increasingly complex problems that citizens face. The relevance of measuring performance in PA is provided by the way in which this process influences the entire activity of an organization, in all internal managerial directions.

Internal audit’s evolving performance role: lessons from the South African public sector

Purpose The formal adoption of internal auditing within the South African public sector was made compulsory by the Public Finance Management Act, No. 1 of 1999. Despite internal auditing’s primary role of adding value and assisting organisations to accomplish pre-defined strategic objectives, the increasing frequency of service delivery protests in South Africa, suggests that mandatory internal auditing may not have contributed to improving public sector performance and enhancing service delivery, as envisaged. This paper aims to identify the factors preventing internal audits from effectively contributing to improved public sector performance and service delivery. Design/methodology/approach The study adopted a sequential mixed-methods research approach. Firstly, a survey instrument was used to collect empirical data from survey respondents at South African national government departments. Secondly, semi-structured interviews and focus group discussions were held with a purposively selected sample of participants to explore the observations from the first phase. The observations from the first two phases were validated through an analysis of pertinent documents and records. Findings Despite all departments adopting internal auditing, management’s expectations of internal auditing and the services provided by the internal audit function diverged. The results suggest that the emergence of a compliance approach to organisational governance together with poor performance management skills has impaired internal auditing’s ability to effectively contribute to strategic and performance management. Research limitations/implications Despite its South African orientation, as internal auditing is a global association and given that service delivery protests continue to occur in several countries around the world, increases the study’s international relevance. Moreover, the mandate of internal auditing requires it to add value to an organisation irrespective of its geographical location. Originality/value The study contributes to the existing body of knowledge on internal auditing, particularly its adoption and implementation in the South African public sector. In addition to identifying the factors inhibiting effective internal auditing, the study advances a suggested framework for the future of internal auditing.

The Priorities of Leading Sub-Sector in The Sector of Agriculture, Forestry, and Fisheries in Economic Development in Bangka Belitung Province

The aim of the study is to determine the priorities of the leading sub-sector in agriculture, forestry, and fisheries on economic development in The Province of Bangka Belitung Island. The descriptive-analytical method is used to describe and explain the dynamical performance of each sub-sector. The sub-sector performance is represented by GRDP of Bangka Belitung Province and GDP of Indonesia based on constant prices in 2010 for the 2010-2020 periods. Analysis of Klassen Typology, Location Quotient (LQ), and Dynamic Location Quotient (DLQ) are conducted to determine the sub-sector and its position among other sub-sectors. The analysis results show that the plantation crop is a leading sub-sector priority for the economic development in the Bangka Belitung Province.

Public-Private Partnerships and the Healthcare Sector Performance in Kenya

Healthcare is one of the fundamental development agenda to any nation and its adequate provision in an accessible, quality and sustainable manner is the supreme responsibility of the state. However, the burden of healthcare cannot be met by the government alone, but requires substantial investment from the private sector as well. This article reviews the existing empirical literature to examine the contribution of private investment on the healthcare sector performance in Kenya. Existing evidence shows that there is minimal private-public partnership in the health sector in Kenya. The main factors inhibiting private-public partnership investment in the sector were attributed to the uncertainty associated with universal healthcare. Further, the scheme is characterised by an overall lack of transparency and accountability surrounding contracts, costing and allocations with many of the safeguards against these kinds of challenges blatantly ignored by several actors and in turn raising issues of accessibility for citizens. Also, private sector credit and political regimes have a negative but significant influence on private investments generally.

Current Account Determinants in Jordan: An ARDL Approach

As one of the major indicators of assessing the external sector performance of any country, this paper empirically investigates the determinants of current account for Jordan. To this end, I rely on the estimation of a time series Auto-Regressive Distributed Lag (ARDL) model over the period 1994-2020. Consistent with the literature, I show that the fiscal deficit, trade openness, oil prices and the reserve changes are key determinants of the current account of Jordan. The relationships exposed in this paper complement the empirical literature by providing new evidence from a developing country like Jordan.

KINERJA SEKTOR PERTANIAN DI PROVINSI JAWA TIMUR PADA MASA PANDEMI COVID-19

The study was intended to analyze the position of the agricultural sector in the East Java Province of the covid-19 pandemic by determining the position of the agricultural sector at the time before the covid-19 pandemic and the covid-19 pandemic and identifying the factors that determined how the agriculture sector was performing. The collection of data on this study is secondary data obtained from the Statistical Center and the Indonesian Bank. The method of data analysis used is the Location Quotient analysis (LQ) and the Shift Share. This examination proposes that the situation of the agricultural sector at the time before the covid-19 pandemic was a non-base sector with an LQ value of 0,77. This occurs due to the conversion of agricultural land that is less in favor of the agricultural side even though East Java is one of the areas that has the largest agricultural production. At the time of the covid-19, the performance of the agricultural sector in East Java Province is a non-base sector with an LQ value of 0,79. This happened because of the Covid-19 pandemic which affected food security due to an unsupportive situation and prone to production problems. The rise in the value of LQ is expected to be better for agriculture sector performance. The factor that determines the performance of the agricultural sector is a factor of economic structure with a value of SSS greater than LSS.

Responsiveness of Service Sector Growth to Financial Development in Nigeria: Evidence from 1981-2019

Purpose: This paper explores the relationship between financial development and output of the service sector in Nigeria over the period 1981-2019. It presents an analysis of the long-run and short-run impacts of financial development on the performance growth of the service sector, as well as the cointegration between the variables. Approach/Methodology/Design: We test the time series for stationarity using Phillips-Perron and Augmented Dickey-Fuller unit root tests. We adopt the Auto-Regressive Distributed Lag (ARDL) approach to analyze the relationship between financial development and service sector performance in Nigeria. Market capitalization, monetization ratio, and the ratio of credit to the private sector to GDP represent the indicators of financial development. Findings: The results of the study show that market capitalization and monetization ratio have significant positive impacts on service sector output, respectively. However, the effect of credit to the private sector on service sector performance is insignificant and negative. We find no cointegration among the investigated variables; while, the result of the error correction estimation indicates that it takes about two years to restore the long-run equilibrium after a deviation. In light of the findings made, this paper concludes that financial development exerts a significant positive effect on service sector performance in Nigeria. Practical Implications: This study is valuable at this period of economic uncertainties in Nigeria. With input from this paper, policymakers in the public sector via the formulation and implementation of effective policy measures such as fiscal measures can channel the benefits of financial sector development to the service sector to create an enabling business environment for the sector, especially as it concerns the provision of private credit to the sector. Originality/value: Based on literature review, this paper for the first time investigated the link between financial development and the performance of the service sector in Nigeria as defined by the CBN Statistical Bulletin 2019 edition.