scholarly journals Dynamic Impact of Government Expenditure and Debt Policy Instruments on Agricultural Growth in Nigeria

2021 ◽  
Vol 1 (1) ◽  
pp. 1-20
Author(s):  
Alexander Ibu Ochalibe ◽  
Miriam Sewese Apeverga ◽  
Ejiofor Emmanuel Omeje
Keyword(s):  
Agricultural Sector ◽  
Government Expenditure ◽  
Policy Instruments ◽  
Negative Consequences ◽  
Dynamic Impact ◽  
Policy Makers ◽  
Agricultural Growth ◽  
Capital Development ◽  
The Impact ◽  
Debt Policy

This research examined the impact of government expenditure and debt policy instruments on agricultural growth in Nigeria for the period 1980-2018. Findings revealed that, for every billion rise in aggregate government expenditure, agricultural growth significantly increased by 1.66%. Additionally, per capital income and inflation were significant determinants of agricultural growth. However, the response of agricultural growth to increased debt was inelastic with a coefficient of -0.3152. Thus, macroeconomic policy instruments dynamics impacted agricultural growth. It recommended increased government expenditure to agricultural sector, education, investing in human capital development through budgetary allocations and intervention funds for increased growth while policy makers should desist from increasing the debt profile as it gave less than proportionate effect on agricultural growth with negative consequences on the Nigerian economy.

The Impact of Economic Crisis on Tourism Industry: A Bangladesh Perspective

2016 ◽  
Vol 2 (1) ◽  
Author(s):  
Md. Ziaul Haque
Keyword(s):  
Economic Crisis ◽  
Tourism Industry ◽  
Political Crisis ◽  
Strong Impact ◽  
Negative Consequences ◽  
Policy Makers ◽  
Tourism Product ◽  
International Tourist ◽  
Sustained Recovery ◽  
The Impact

The tourism sector is experiencing numerous challenges as a result of the global economic crisis. After a significant contraction in 2009, tourism rebounded strongly  in  2010  and  in  2011  the  international  tourist  arrivals  and  receipts  are projected to increase substantially. The Tourism industry is expected to show a sustained recovery in 2012. The crisis has particularly strong impact and slightly negative consequences in Bangladesh. The country is undergoing a political crisis, as well, and it seems that the forthcoming elections may be the only solution for the restoration of stability and social peace.  In addition, tourism can be the driving force behind Bangladesh economic recovery. However, for its achievement the country’s policy makers should take several measures towards restructuring and improving the sector. These measures include: enhancement of alternative forms of tourism; environmental protection; creation of quality infrastructure; and boost of competitiveness through a tourism product that offers value for money

The Impact Of Economic Crisis On Tourism Industry: A Bangladesh Perspective

2015 ◽  
Vol 1 (1) ◽  
pp. 15
Author(s):  
Md. Ziaul Haque
Keyword(s):  
Economic Crisis ◽  
Tourism Industry ◽  
Political Crisis ◽  
Strong Impact ◽  
Negative Consequences ◽  
Policy Makers ◽  
Tourism Product ◽  
International Tourist ◽  
Sustained Recovery ◽  
The Impact

The tourism sector is experiencing numerous challenges as a result of the global economic crisis. After a significant contraction in 2009, tourism rebounded strongly  in  2010  and  in  2011  the  international  tourist  arrivals  and  receipts  are projected to increase substantially. The Tourism industry is expected to show a sustained recovery in 2012. The crisis has particularly strong impact and slightly negative consequences in Bangladesh. The country is undergoing a political crisis, as well, and it seems that the forthcoming elections may be the only solution for the restoration of stability and social peace.  In addition, tourism can be the driving force behind Bangladesh economic recovery. However, for its achievement the country’s policy makers should take several measures towards restructuring and improving the sector. These measures include: enhancement of alternative forms of tourism; environmental protection; creation of quality infrastructure; and boost of competitiveness through a tourism product that offers value for money

Impact of Health and Agriculture Financing on Economic Growth in Nigeria

2021 ◽  
Vol 7 (18) ◽  
pp. 37-58
Author(s):  
Rasaki Olufemi KAREEM ◽  
◽  
Olawale LATEEF ◽  
Muideen Adejare ISIAKA ◽  
Kamilu RAHEEM ◽  
...  
Keyword(s):  
Economic Growth ◽  
Federal Government ◽  
Causal Relationship ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Health Sector ◽  
Series Data ◽  
The Impact

The study focused on the impact of health and agriculture financing on economic growth in Nigeria from 1981 to 2019. The study utilized the time series data which was extracted from Central Bank of Nigeria annual statistical bulletin. Unit Root test was performed with the use of Augmented Dickey-Fuller test in order to ascertain the stationarity of all the variables and they were all found to be stationary at order 1 in the two specified models (composite and disaggregated). Error Correction Model (ECM) was used to analyze the data in order to determine the speed of adjustment from the short run to the long run equilibrium state. Casualty test was used to confirm causal relationship among the variables of interests. The study revealed that Federal Government expenditure in Health sector has a significant effect on economic growth in Nigeria. Federal Government expenditure in Agricultural sector equally had a positive effect on economic growth but surprisingly not significant. Considering the disaggregated form, Federal Government capital expenditure in both Health and Agricultural sectors have positive and statistically significant effect on economic growth while Federal Government recurrent expenditure on health has a positive and statistically insignificant effect in economic. It was also revealed that there is causal relationship among the variables. Based on the findings, the study concluded that Federal Government Expenditure in Health Sectors and Agriculture Sectors have effect on economic growth in Nigeria.

scholarly journals Impact Assessment of Growth Drag and Its Contribution Factors: Evidence from China’s Agricultural Economy

2018 ◽  
Vol 10 (9) ◽  
pp. 3262 ◽  
Author(s):  
Mengzhen Zhao ◽  
Zhenhua Chen ◽  
Hailing Zhang ◽  
Junbo Xue
Keyword(s):  
Sustainable Development ◽  
Agricultural Sector ◽  
World Population ◽  
Time Series Regression ◽  
Agricultural Economy ◽  
The Sustainable Development ◽  
Agricultural Growth ◽  
The Impact ◽  
Land Water ◽  
Percent Decline

The sustainable development of agriculture is important for China, where more than 20 percent of the world population live. Many factors affect the sustainable development of agriculture in China. The purpose of this paper is to find out what factors play influential roles on affecting the growth pattern. Based on a modified production function model built upon Slow (1956) and Romer (2001), the impact of growth drag on the agricultural economy, and the contribution resources, are evaluated empirically using a time-series regression analysis based on the case of China for the period 1978–2015. The estimated coefficient of the total agricultural growth drag in China is 1.32, which suggests that the annual agricultural growth is associated with a 1.32 percent decline due to the scarcities of land, water, and energy. Specifically, the growth drags from land, water, and energy are found to be 0.5 percent, 0.44 percent, and 0.38 percent, respectively. Additionally, the results suggest that capital is the most important factor in the agricultural sector, although agriculture is highly dependent on land. Capital contributes around 76.86 percent to the growth of the agricultural economy, whereas contributions from land, energy, water, and technological progress are relatively small. Therefore, more investment should be added to agriculture, to accelerate the technology progress. Furthermore, the saving of water and energy is also important for the sustainable development of agriculture.

scholarly journals Selected macroeconomic determinants and economic growth in Cameroon (1970–2018) “dead or alive” an ARDL approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kesuh Jude Thaddeus ◽  
Chi Aloysius Ngong ◽  
Njimukala Moses Nebong ◽  
Akume Daniel Akume ◽  
Jumbo Urie Eleazar ◽  
...  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Government Expenditure ◽  
Human Capital Development ◽  
Content Type ◽  
Capital Development ◽  
Macroeconomic Determinants ◽  
The Impact

PurposeThe purpose of this paper is to examine key macroeconomic determinants on Cameroon's economic growth from 1970 to 2018.Design/methodology/approachData were obtained from the World Development Indicators and applied on time series data econometric techniques. The auto-regressive distributed lag (ARDL) bounds model analyzed the data since the variables had different order of integration.FindingsThe results showed long and short runs’ positive and significant connection between economic growth in Cameroon and government expenditure; trade openness, gross capital formation and exchange rate. Human capital development, foreign aid, money supply, inflation and foreign direct investment negatively and significantly affected economic growth in the short and long-runs. Hence, the macroeconomic indicators are not death.Research limitations/implicationsThe present research paper has tried to capture the impact of nine macroeconomic determinants on economic growth such as the government expenditure (LNGOVEXP), human capital development (LNHCD), foreign aids (AID), trade openness (LNTOP), foreign direct investment (LNFDI), gross capital formation (INVEST), broad money (LNM2), official exchange rate (LNEXHRATE) and Inflation (LNINFLA). However, these variables have the tendency to affect each other in a unidirectional or bidirectional manner. Further, the present research paper is unable to capture the impact of other macroeconomic variable due to the unavailability of data.Practical implicationsThe study recommends that Cameroon should use proper planning and strategic policy interventions to achieve higher sustainable economic growth with human capital development, foreign aid, money supply, foreign direct investment and moderate inflation.Social implicationsMacroeconomic indicators, if managed well, increase economic growth.Originality/valueThis paper to the best of the researcher's knowledge presents new background information to both policymakers and researchers on the main macroeconomic determinants using econometric analysis.

scholarly journals Trade Policy, Infrastructure and Agricultural Output in Nigeria

2019 ◽  
Vol 10 (3) ◽  
pp. 329
Author(s):  
Lionel Effiom ◽  
Bassey Ebi
Keyword(s):  
Trade Policy ◽  
Trade Liberalization ◽  
Agricultural Sector ◽  
Action Plan ◽  
Value Added ◽  
Productive Capacity ◽  
Negative Consequences ◽  
The Government ◽  
Liberalization Policy ◽  
The Impact

The collapse of the international price of crude oil in 2015 and its attendant negative consequences on government fiscal capacity and development efforts re-echoed the need for Nigerians to return to agriculture as the surest means of conserving foreign exchange and revamping productive capacity. Within this context, this paper deploys the autoregressive distributed lag (ARDL) econometric methodology to investigate the impact of Nigeria’s trade policy and infrastructural development on agricultural value added. Findings show that in the long run Nigeria’s trade liberalization policy is a disincentive to the growth of the agricultural sector value added, while key components of infrastructure (roads, telecommunications, and electricity consumption) had a significant relationship with the agricultural sector. We advocate guided trade liberalization wherein, while embracing the principles of conventional trade deregulation, the government properly articulates the weakness of the economy’s productive structure and encourage farmers and local producers to attain maturity. Specifically, the current ban on some selected food items should be consolidated, without which Nigeria would continue to be a net food importer. Goveronment might consider studying and implementing the African Development Bank’s Infrastructure Action Plan for Nigeria.

scholarly journals EMPIRICAL ANALYSIS OF THE IMPACT OF KADUNA STATE GOVERNMENT EXPENDITURE ON EDUCATION ON HUMAN CAPITAL DEVELOPMENT

2016 ◽  
Vol 4 (4) ◽  
pp. 542-546
Author(s):  
Yunana Titus Wuyah ◽  
Muhammad Dahiru Ahmad
Keyword(s):  
Human Capital ◽  
State Government ◽  
Primary Schools ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
The State ◽  
Least Square ◽  
Human Capital Development ◽  
Capital Development ◽  
The Impact

This study empirically examine the impact of government expenditure on education on human capital development in Kaduna State over the last 15 years (2000-2015) using econometrics model with Ordinary Least Square (OLS) technique.The paper test for presence of stationary between the variables using Augmented Dickey Fuller (ADF) and autocorrelationusing Durbin Watson statistics. The results reveals all the variables were not stationary in levels except capital expenditure (CE) and Primary schools enrolment (PE) while the rest were stationary at second difference. DW shows presence of serial correlation. The regression results indicated that government expenditure on education have significant impact on human capital development in Kaduna State. It could therefore be recommended that the state government should increase its capital and recurrent expenditure on education, ensure proper management and monitory of funds made for the teachers, constant payment of teachers salaries and allowances in a manner that it will raise the state production capacity. The state should construct addition primary and secondary schools across the state, with modern facilities, and employ more teachers.

Evaluation of the impact of institutional and structural changes on the development of the Russian agricultural sector

2019 ◽  
pp. 39-58 ◽  
Author(s):  
Vasily Ya. Uzun ◽  
Nataliya I. Shagaida
Keyword(s):  
Structural Changes ◽  
Agricultural Sector ◽  
Value Added ◽  
Negative Consequences ◽  
Positive Role ◽  
Agricultural Enterprises ◽  
Agricultural Employment ◽  
Agricultural Organizations ◽  
The Impact ◽  
Number Of Individuals

The article analyzes the most important institutional and structural changes in the agriculture of Russia in 2006—2016. The research has shown that the policy of reducing state participation in agricultural enterprises, increasing the concentration of property and management in the hands of a smaller number of individuals, growing share of agricultural organizations and farmers in the production of agricultural products, as well as the state support of agricultural holdings have played a positive role in the development of production. Structural changes in land use and land ownership of agricultural organizations are taking place. An attempt has been made to evaluate these changes. As the research has revealed, structural changes that ensured the growth of production had some negative consequences: the expansion of the activities of agricultural holdings led not only to the reduction in agricultural employment, but also to the decline of the rural population; the owners and managers rather than workers have become the main beneficiaries of the growth of revenues and incomes in organizations and redistribution of value added.

E-Government Adoption and Agricultural Extension Services Facilitate and Growth in ASEAN Region

2020 ◽  
pp. 39-46
Author(s):  
Karuna moorthy ◽  
Andreas Kalman
Keyword(s):  
Agricultural Sector ◽  
Control Variable ◽  
Agricultural Extension ◽  
Extension Services ◽  
Literacy Rate ◽  
Review Section ◽  
Agricultural Growth ◽  
Asean Countries ◽  
The Government ◽  
The Impact

E-government is the employment of latest technologies and innovative practices in the services offered by the government and other information management systems to increase transparency and efficiency of these services. Agricultural extension services involve all the new and latest technologies related to the agricultural sector of a country. Agricultural sector is important for any country as most of the people are associated with this sector. This research studies the impact of e-government adoption and agricultural extension services on agricultural growth in ASEAN countries. In addition to these variables, two control variables i.e. literacy rate and population have also been used. The studies from the past research have been discussed in literature review section of this paper. To conduct research, data about the above-mentioned variables has been collected from ASEAN countries consisting of 28 years. After using several techniques and approaches, one of the two major hypotheses of this study is accepted along with the impact of a control variable, literacy rate. However, the other major hypothesis and the impact of other control variable i.e. population is rejected. This study has various theoretical, practical and policy making implications to increase agricultural growth.

Agricultural Trends in Bombay Presidency 1900–1920: The Illusion of Growth

1985 ◽  
Vol 19 (4) ◽  
pp. 733-759
Author(s):  
Satish Chandra Mishra
Keyword(s):  
Agricultural Sector ◽  
Total Output ◽  
Colonial Rule ◽  
Central Importance ◽  
Large Share ◽  
Agricultural Growth ◽  
The Subject ◽  
Per Capita ◽  
Agricultural Trends ◽  
The Impact

The subject of agricultural growth is a matter of central importance in the evaluation of the impact of colonial rule on India. Given that the agricultural sector provided a very large share of total output and employment, movements in the per capita agricultural output would be a good indicator of changes in per capita income. Despite the usual caveats made about the dangers of using per capita income as a measure of welfare, a sustained fall in such income would imply a failure of state economic policy in a crucial respect.

Sign in / Sign up

Export Citation Format

Share Document