scholarly journals Fiscal measures undertaken by 15 African countries and 15 non-African countries in response to the COVID-19 pandemic in 2020 compared to government revenues and spending in 2019, as a percentage of gross domestic product (GDP)

2021 ◽  
Keyword(s):  
Gross Domestic Product ◽  
Domestic Product ◽  
African Countries

scholarly journals Determinants of National Saving in Four West African Countries

2018 ◽  
Vol 10 (5) ◽  
pp. 67 ◽  
Author(s):  
Ignatius Abasimi ◽  
Agbassou Y. A. Martin
Keyword(s):  
Gross Domestic Product ◽  
Capita Income ◽  
West African ◽  
Domestic Product ◽  
Per Capita Income ◽  
African Countries ◽  
Long Run ◽  
Short Run ◽  
Per Capita ◽  
Adf Test

Saving is one of the preeminent integral of economic growth. The desideratum of this study is to investigate the determinants of national saving in four West African countries, namely, Ghana, Togo, Burkina Faso, and Cote d’ Ivoire. The study uses annual data from the World Bank database for the period 1997-2016. The Augmented Dickey-Fuller (ADF) test, Cumulative sum of residuals (CUSUM) test, and autoregressive distributed lag (ARDL) bounds test were used to examine the stationarity, stability, and cointegration of the variables respectively. ARDF model analysis was carried out to determine the short run and long run determinants of national saving in the studied countries. The long run results reveal that gross domestic product, per capita income and real interest rate has a statistically and significant positive effect on gross savings, were as age dependency ratio has a statistical, and insignificant negative relationship with gross saving. The short run results suggest that gross domestic product and per capita income possesses positive statistical significant effects on gross national savings.It is recommended that, in other to promote saving, growth and development, pragmatic and realistic economic policies should be formulated to strengthen all monetary and financial institutions in the respective countries.

scholarly journals Globalisation and Economic Growth in West Africa

2021 ◽  
Author(s):  
Benjamin Wanger ◽  
Osman Nuri Aras
Keyword(s):  
Foreign Direct Investment ◽  
West Africa ◽  
Gross Domestic Product ◽  
Least Squares ◽  
Direct Investment ◽  
Ordinary Least Squares ◽  
Domestic Product ◽  
African Countries ◽  
Causality Test ◽  
Long Run

Abstract Economic integration among countries could be beneficial to trading partners if properly handled through appropriate regulation of production, distribution, and consumption. However, it appears developing countries often do not benefit from their relations with other countries at advanced stages of developed. It is in view of this that this research was conducted with concentration on West Africa. Panel Cointegration techniques including Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares and Dumitrescu-Hurlin Panel Causality Test were applied using time series on Gross Domestic Product, Exports, Imports and Foreign Direct Investment of eight West African countries from 1960 – 2019. while a positive and significant long run causal relationship was found between Exports, Imports as aspects of globalisation and Gross Domestic Product, there was an observed negative long run relationship between Foreign Direct Investment and Gross Domestic Product. Export promotion, hight import tariffs, the local content initiative, liberal migration policies and strong regulatory machinery were recommended.JEL Codes: FGHO

Macroeconomic essence of Takaful: Exploring the significance and impact of Takaful in macroeconomic context

2018 ◽  
Vol 6 (1) ◽  
pp. 26
Author(s):  
Irfan Shahid
Keyword(s):  
Middle East ◽  
Gross Domestic Product ◽  
Financial Market ◽  
Economic Security ◽  
Domestic Product ◽  
Mutual Understanding ◽  
African Countries ◽  
Islamic Insurance ◽  
The Impact

Takaful is an Islamic concept of modern insurance. It is based on cooperation and mutual understanding. Takaful has a significant position in the financial market. Conventional insurance has also opened the window for takaful in the Middle East and African countries. Takaful is considered one of the lucrative industries in the financial market. Several aspects of Takaful were explained in various books and monographs. There are numerous benefits of Takaful studied in various research, but takaful has some significant aspects in Macroeconomics literature. It helps to grow the economy by enhancing the productivity and economic security. The paper aims to analyse theoretically the impact of Islamic insurance on production, consumption and investment to study the impact of Takaful on Gross Domestic Product of economy.

EVALUATION OF EXPORT DEVELOPMENT OPPORTUNITIES FROM TURKEY TO LITHUANIA

2015 ◽  
Author(s):  
Agnė JOTAUTAITĖ ◽  
Eglė JOTAUTIENĖ
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Foreign Trade ◽  
Empirical Research ◽  
Domestic Product ◽  
The European Union ◽  
Database Analysis ◽  
Fast Growing ◽  
Agriculture Industry ◽  
Textile Products

In this paper, export opportunities of textile products from Turkey to Lithuania are analyzed. The main goal of this article is to present an analysis of the opportunities to import textile products from Turkey to Lithuania. The empirical research basing on the statistical database analysis was used. The analysis of Turkey’s markets was showed that the economy is strongly dependent on exports of various products from Turkey and it is about one forth of Turkey’s GDP (Gross Domestic Product). The bulk of exports from Turkey is t o countries in the European Union. Turkey is one of the world’s largest manufacturers and exporters of textiles. The analysis of Lithuanian markets was indicated that Lithuania has a feasible market for imports due to its fast growing GDP, increasing labor wages and modernization of agriculture industry. Furthermore, advantageous and adequate policies of Lithuania’s foreign trade should encourage the development of imports to this country. The demand for textile products in Lithuania is growing rapidly and it is one of the most important sectors in fostering its economy

ANALISIS DETERMINAN KUALITAS LINGKUNGAN PERIODE 1999-2013

2016 ◽  
Vol 21 (1) ◽  
pp. 9-20
Author(s):  
Ersalina Tang
Keyword(s):  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Gross Domestic Product ◽  
Co2 Emissions ◽  
Direct Investment ◽  
Meat Consumption ◽  
Domestic Product ◽  
World Data ◽  
The World ◽  
The Impact

The purpose of this study is to analyze the impact of Foreign Direct Investment, Gross Domestic Product, Energy Consumption, Electric Consumption, and Meat Consumption on CO2 emissions of 41 countries in the world using panel data from 1999 to 2013. After analyzing 41 countries in the world data, furthermore 17 countries in Asia was analyzed with the same period. This study utilized quantitative approach with Ordinary Least Square (OLS) regression method. The results of 41 countries in the world data indicates that Foreign Direct Investment, Gross Domestic Product, Energy Consumption, and Meat Consumption significantlyaffect Environmental Qualities which measured by CO2 emissions. Whilst the results of 17 countries in Asia data implies that Foreign Direct Investment, Energy Consumption, and Electric Consumption significantlyaffect Environmental Qualities. However, Gross Domestic Product and Meat Consumption does not affect Environmental Qualities.

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