The Impact of Education Expenditures on Economic Growth In Uganda: Evidence From Time Series Data

2004 ◽  
Vol 38 (1) ◽  
pp. 123-133 ◽  
Author(s):  
Jacob Musila ◽  
Walid Belassi
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Series Data ◽  
Education Expenditures ◽  
The Impact

scholarly journals Political Stability and its Impact on Economic Growth of Pakistan (1988-2018): A Time Series Analysis

2020 ◽  
Vol 6 (1) ◽  
pp. 273-282
Author(s):  
Majid Hussain Phul ◽  
Muhammad Saleem Rahpoto ◽  
Ghulam Muhammad Mangnejo
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Political Stability ◽  
Series Data ◽  
Explanatory Variables ◽  
Long Run ◽  
Short Run ◽  
The Impact ◽  
Positive Effect

This research paper empirically investigates the outcome of Political stability on economic growth (EG) of Pakistan for the period of 1988 to 2018. Political stability (PS), gross fixed capital formation (GFCF), total labor force (TLF) and Inflation (INF) are important explanatory variables. Whereas for model selection GDPr is used as the dependent variable. To check the stationary of time series data Augmented Dickey Fuller (ADF) unit root (UR) test has been used,  and whereas to find out the long run relationship among variables, OLS method has been used. The analysis the impact of PS on EG (EG) in the short run, VAR model has been used. The outcomes show that all the variables (PS, GFCF, TLF and INF) have a significantly positive effect on the EG of Pakistan in the long run period. But the effect of PS on GDP is smaller. Further, in this research we are trying to see the short run relationship between GDP and other explanatory variables. The outcomes show that PS does not have such effect on GDP in the short run analysis. While GFCF, TLF and INF have significantly positive effect on GDP of Pakistan in the short run period.

scholarly journals FDI and long-term economic growth in Egypt

2017 ◽  
Vol 13 (1) ◽  
pp. 65-74
Author(s):  
Saif Alhakimi
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Government Expenditure ◽  
Wage Structure ◽  
Series Data ◽  
The Impact

This research paper aims to empirically analyze the impact of FDI on the long-term economic growth of Egypt. An empirical model was developed to explain the aggregate output, including total labor force, capital stock, foreign direct investment, government expenditure, and the real exchange rate. Annual time-series data from 1990–2013 were then used to estimate the model. Prior to calculating this estimation, the properties of the time series were diagnosed, and an error-correction model was developed and assessed. The overall results suggest that foreign direct investment makes a positive, yet weak and insignificant, contribution to the long-term economic growth of Egypt. This finding warrants further investigation to explore the possible reasons behind it, such as the degree of spillover that FDI has on economic growth and its impact on employment in areas like job creation, wage structure, research, and development.

scholarly journals ANALISIS PERAN BELANJA MODAL DAN INVESTASI SWASTA TERHADAP PERTUMBUHAN EKONOMI SERTA DAMPAKNYA PADA KESEJAHTERAAN MASYARAKAT

2019 ◽  
Vol 20 (1) ◽  
pp. 26
Author(s):  
Akhlis Priya Pambudy ◽  
Muhamad Imam Syairozi
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Sustainable Development ◽  
Human Development Index ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Private Investment ◽  
Public Welfare ◽  
Series Data ◽  
The Impact

The purpose of economic development is to improve public welfare. Many factors influenceeconomic growth, including sustainable development. This study is aimed to analyze the impactof capital expenditure and private investment on economic growth of the regency/municipalduring the period of 2010-2015 as well as the impact of economic growth on public welfareproxied by the human development index figures. Using WarpPLS, used purposive samplingmethode, testing is done for the 415 autonomous regional and 93 autonomous municipalsin Indonesia using time series data 2010-015. The results of this study shows that capitalexpenditure positively effect economic growth as well as private investment has positive effecton economic growth. Furthermore, the economic growth has been proven to improve publicwalfare.Keywords: capital expenditure, private investment, economic growth, public welfare

Impact of Globalization on Economic Growth in Vietnam: An Empirical Analysis

2018 ◽  
pp. 32-47 ◽  
Author(s):  
Dat Tho Tran ◽  
Van Thi Cam Nguyen
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Empirical Analysis ◽  
Direct Investment ◽  
Time Series Data ◽  
Series Data ◽  
Balance Of Trade ◽  
The Impact

This study aims at investigating the impact of globalization on economic growth in the case of Vietnam. Empirical analysis is done by using time series data for the period from 1995 to 2014. The paper tested the stationary cointegration of time series data and utilized the error correction modeling technique to determine the short run relationships among economic growth, globalization, foreign direct investment, balance of trade and exchange rate variables. Then, the long run relationship between economic growth and the variables representing economic integration were estimated by ordinary least square. The results show that globalization, measured by the KOF index, promotes economic growth and Vietnam has gained from integrating into the global economy. The overall index of globalization had positively and significantly impacted the economic growth in Vietnam. The results also indicated that economic globalization had a significantly positive effect on economic growth in the period examined. The study further revealed that foreign direct investment and the exchange rate affect economic growth positively whereas balance of trade affects economic growth negatively.

Non-Indian aid and growth nexus in Bhutan

2015 ◽  
Vol 14 (2) ◽  
pp. 117-129
Author(s):  
Jigme Nidup
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Aid ◽  
Time Series Data ◽  
Labour Force ◽  
Unit Root Test ◽  
Series Data ◽  
Content Type ◽  
Distributed Lag ◽  
The Impact

Purpose – The purpose of this paper is to investigate the impact of Non-Indian foreign aid on economic growth. In addition, this paper also investigates the importance of governance, policy and democratic institution in fostering economic growth. Planned development activities in Bhutan are mostly funded through external assistance, particularly from India. Bhutan also receives assistance from other bilateral and multilateral countries besides India. Design/methodology/approach – This study adopts the autoregressive distributed lag approach to cointegration using time-series data from 1982 to 2012. To ensure stationarity of data, the unit root test is conducted. Necessary diagnostic tests are also performed to confirm that the model does not violate regression assumptions. Findings – Findings indicate that Non-Indian foreign aid, governance and democracy are detrimental to economic growth. Policy and investment is found insignificant determinant. However, labour force and technology are found fostering economic growth. Research limitations/implications – Less number of observations restrained detailed analysis like the use of interactive terms between aid and governance, aid and policy to see its actual impact. Data on Indian aid could not be sourced from any documents. Those available were found only for few years restricting time series analysis. Originality/value – This study explored the impact of various determinants on economic growth in Bhutan. These findings provide useful insights for policymakers in Bhutan to make necessary decisions. The analysis also suggests future ground for research to those scholars and researchers.

scholarly journals PRIVATE SECTOR INVESTMENT AND ECONOMIC GROWTH IN PALESTINE

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
Osaid Nasser Abdaljawwad ◽  
Tamat Sarmidi
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Private Sector ◽  
Unit Root ◽  
Time Series Data ◽  
Private Investment ◽  
Series Data ◽  
Private Sector Investment ◽  
Long Run ◽  
The Impact

This study examines the impact of private sector investment on economic growth in Palestine using quarterly time series data from 1990-2015. Multiple regression and co-integration methods are employed to analyse the data. The objectives of this study are to analyse the trends of private investment and economic growth in Palestine from 1990­-2015 and to examine the impact of private sector investment on economic. Being a time series data, to avoid spurious regression results, the first step is to test for the stationarity of the data by using Augmented Dickey-Fuller unit root test. Then ordinary least square (OLS) regression technique is used to estimate of each independent variable effect on the dependent variable. Test the stationary of the error term is done to test the long run co-integration among variables. The result of stationarity and normality test will reveal that the model is fairly well specified and could be used for policy analysis or not. The co-integration test result will indicate that private sector investment and economic growth have a long run significant effect on one another. The unit root tests, which conducted, confirm that variables are stationary in first difference and the co-integration tests also confirm the existence of long term relationship between the variables. The findings of the study concluded that there exist a short-run and long run relationship between private sector investment and economic growth in Palestine. This study recommends the Palestinian government to promote and encourage both domestic and foreign direct investment. The investment policy should be more transparent, attractive and competitive

scholarly journals Investigating the Dynamic Empirics between Outflow of Remittances and Economic Growth: A Case Study of Saudi Arabia

2018 ◽  
Vol III (I) ◽  
pp. 98-104
Author(s):  
Taseer Salahuddin ◽  
Muhammad Awais ◽  
Asif Raza
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Saudi Arabia ◽  
Empirical Investigation ◽  
Time Series Data ◽  
The United States ◽  
Series Data ◽  
Skilled Workers ◽  
The Impact ◽  
Adf Test

To meet the developmental goals and fulfill the domestic labor demand of Saudi Arabia, more than 9.5 million skilled, semi-skilled and highly skilled workers from across the world are imported. After the United States of America (USA), it is the second-largest which is responsible for the larger outflow of remittances. This study is an empirical investigation to explore the impact of remittances outflow on the economic growth activity of Saudi Arabia. Furthermore, it also tests whether this outflow causes inflation in the Saudi economy. For the sack of empirical investigation, this study utilized annual time series data ranging from 1970 to 2017. Before estimating the shortrun and long-run estimates by the application of the AutoRegressive Distributed Lag (ARDL) method, time-series properties of data are explored using the Augmented Dicky Fuller (ADF) test.

scholarly journals Financial Structure, Misery Index, and Economic Growth: Time Series Empirics from Pakistan

2019 ◽  
Vol 12 (2) ◽  
pp. 100 ◽  
Author(s):  
Nianyong Wang ◽  
Muhammad Haroon Shah ◽  
Kishwar Ali ◽  
Shah Abbas ◽  
Sami Ullah
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Trade Openness ◽  
Financial Structure ◽  
Series Data ◽  
Growth Time ◽  
Misery Index ◽  
The Government ◽  
The Impact

This study empirically analyzes the impact of the financial structure and misery index on economic growth in Pakistan. We adopted Autoregressive-Distributed Lag (ARDL) for a co-integration approach to the data analysis and used time series data from 1989 to 2017. We used GDP as the dependent variable; the Financial Development index (FDI) and misery index as the explanatory variables; and remittances, real interest, and trade openness as the control variables. The empirical results indicate the existence of a long-term relationship among the included variables in the model and the FD index, misery index, interest rate, trade openness, and remittances as the main affecting variables of GDP in the long run. The government needs appropriate reform in the financial sector and external sector in order to achieve a desirable level of economic growth in Pakistan. The misery index is constructed based on unemployment and inflation, which has a negative implication on the economic growth, and the government needs policies to reduce unemployment and inflation.

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