scholarly journals Entrepreneurship, Skill Acquisition and Economic Growth

2021 ◽  
Vol 21 (3) ◽  
pp. 102-116
Author(s):  
Sunday Okubor Ijieh
Keyword(s):  
Economic Growth ◽  
Skill Acquisition ◽  
Raw Materials ◽  
Youth Unemployment ◽  
Policy Implications ◽  
Tertiary Institutions ◽  
Analytical Technique ◽  
Diffusion Of Knowledge ◽  
The Government ◽  
High Level

Scientifically, the relationship between knowledge and growth in economic growth has been enhanced by technical breakthroughs and developments over the years, so that economic growth is no longer focused solely on the exploitation of raw materials, energy sources andphysical goods, but on the intangible development of values in the form of essential skills, services, innovative technologies and inventions. Considering the high level of youth unemployment and the high incidence of poverty in Nigeria, this requires a re-adjustment of the traditional methods of human capital growth. The main goal of this paper is to shed light on recent developments in our understanding of the forces that border on information formation, distribution and innovation through the growth phase of the entrepreneur. This paper explored the tertiary institutions' entrepreneurship development programme and the capacity of graduates and future graduates to build jobs. Therefore, at Issele-Uku Delta State NYSC orientation camp, forty youth corps members were surveyed to evaluate their entrepreneurial dispositions. Similarly, surveys were also performed at four Delta State Tertiary Institutions. The sample of institutions consisted of 20 students from the selected schools each. One hundred polled 20 respondents. It was found that thirty-two percent of those who admitted to have taken entrepreneurship education, showed interest in setting up personal businesses using X2 analytical technique, while twenty-two percent preferred to work in private agencies, and the remaining forty-six percent preferred to work in either of the government weapons. In the design of regulations affecting the development of knowledge for the efficient diffusion of knowledge into socially useful needs, the policy implications of this study are significant Keywords: Entrepreneurs, Knowledge, Innovation, Growth

Fiscal Deficit and Economic Growth in Bangladesh

2016 ◽  
Vol 62 (1) ◽  
pp. 31-42 ◽  
Author(s):  
Ebney Ayaj Rana ◽  
Abu N. M. Wahid
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Negative Impact ◽  
Political Stability ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Government Budget ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

The economy of Bangladesh is currently going through a period of continuous budget deficit. The present data suggest that the government budget deficit, on average, is nearly 5% of the country’s GDP. This has been true since the early 2000s. To finance this deficit, governments have been borrowing largely from domestic and foreign sources resulting in inflationary pressure on one hand, and crowding out of private investments on the other. During the same period, although the economy has grown steadily at a rate of more than 6%, this growth is less than the potential. This article presents an econometric study of the impact of government budget deficits on the economic growth of Bangladesh. We conduct a time-series analysis using ordinary least squares estimation, vector error correction model, and granger causality test. The findings suggest that the government budget deficit has statistically significant negative impact on economic growth in Bangladesh. Policy implications of our findings include reestablishing the rule of law, political stability in the country, restructuring tax structure, closing tax loopholes, and harmonizing fiscal policy with monetary policy to attract additional domestic and foreign investment.

scholarly journals Economic Growth, Policies and Influencing Factors: The Case of Albania

2016 ◽  
Vol 4 (1) ◽  
pp. 107
Author(s):  
Eleni Vangjeli ◽  
Anila Mancka
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Fiscal Policy ◽  
Interest Rates ◽  
Empirical Analysis ◽  
Influencing Factors ◽  
Fiscal Policies ◽  
The Government ◽  
High Level ◽  
The Empirical Analysis

Monetary and fiscal policies are two policies that the government could use to keep a high level of growth, with a low inflancion. Fiscal policy has its initial impact on the stock market, while monetary policy in market assets. But, given that the goods and active markets are closely interrelated, both policies, monetary as well as fiscal have impact on the economy, increasing the level of product through the reduction of interest rates. In our paper we will show how functioning monetary and fiscal policies. But also in our paper we will analyze the different factors which have affected the economic growth of the country. The focus of our study is the graphical and empirical analysis of economic growth, policies and influencing factors. For the empirical analysis we have used data on the economic growth in Albania for 1996– 2014.

scholarly journals Revisit coal consumption, CO2 emissions and economic growth nexus in China and India using a newly developed bootstrap ARDL bound test

2017 ◽  
Vol 36 (3) ◽  
pp. 450-463 ◽  
Author(s):  
Feng-Li Lin ◽  
Roula Inglesi-Lotz ◽  
Tsangyao Chang
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Policy Implications ◽  
Coal Consumption ◽  
Causality Test ◽  
Ardl Model ◽  
Empirical Results ◽  
China And India ◽  
The Government ◽  
Bound Test

This study revisits coal consumption, CO2 emissions and economic growth nexus for both China and India using a newly developed Bootstrap ARDL model over the period of 1969–2015. Empirical results indicate no long-run relationship among these three variables for both China and India, and Granger causality test based on Bootstrap ARDL model indicates a feedback between coal consumption and economic growth, between economic growth and CO2 emissions and between coal consumption and CO2 emissions in China. However, we find a one-way Granger causality running from coal consumption to economic growth and the feedback hypothesis is confirmed between economic growth and CO2 emissions and between coal consumption and CO2 emissions in India. The coefficients signal that coal consumption is an important factor towards the promotion economic growth in both China and India. For China, higher economic growth reduces CO2 emissions, while for India, it further increases CO2 emissions. Our empirical results have important policy implications for the government conducting effective energy polices to promote economic growth in both China and India.

Human Capital Impact on Economic Growth in Nigeria

2021 ◽  
Vol 7 (18) ◽  
pp. 15-22
Author(s):  
Chuwuemeka Ogugua AGBO ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Private Investment ◽  
Series Data ◽  
Tertiary Institutions ◽  
Explanatory Variables ◽  
The Government ◽  
The Impact

This study aims to examine the impact of human capital on economic growth in Nigeria. Despite all effort to improve education condition in Nigeria, there hasn’t been much encouraging improvement. This has caused a large number of the population to move abroad for studies. Most conducive tertiary institutions are owned by private individuals, the government owned universities have been overlooked and recklessly abandoned. In this study OLS multiple regression was adopted to analyze the time series data for the period of 1985-2018 to test if Average Year of Schooling (AVYS), Private Investment in Telecommunication (PIT), Capital Expenditure on Education (CEE), and Recurrent Expenditure on Education (REE) have an impact on growth in Nigeria or not. The data was derived from CBN statistical Bulletin (2018). Result showed that all the four explanatory variables have significant impact on Economic growth. However, it is therefore important for government to increase education budget annually.

ICT4D in China and the Capability Approach

2015 ◽  
Vol 7 (1) ◽  
pp. 58-72 ◽  
Author(s):  
Carol Ting
Keyword(s):  
Economic Growth ◽  
Rural Areas ◽  
Capability Approach ◽  
Rural China ◽  
Well Being ◽  
Policy Implications ◽  
Chinese Government ◽  
The Past ◽  
The Government ◽  
The Capability Approach

For more than a decade, the Chinese government has poured copious resources into rural informatization as a means to increase agricultural productivity and rural economic growth. Such efforts so far have not produced definite results in rural areas, but increasing economic inequality and rising environmental threats have already forced the government to rethink its growth-centered development policy. Indeed, recent government releases clearly state the resolve to departure from the “GDP obsession” of the past. Meanwhile, the past three decades saw the rise of a powerful alternative development approach—the Capability Approach (CA), which focuses on empowering individuals and sees economic growth as one element of well-being. Given that the CA can potentially help devising a more coherent and holistic framework for Information and communications technologies for development (ICT4D), this paper examines the compatibility between the Capability Approach and the top-down socialist approach towards rural informatization in China. Built on two case studies of rural informatization in rural China, the present paper identifies potential obstacles to the adoption of the Capability Approach and discusses policy implications and suggestions.

scholarly journals Disaster Impact, National Aid, and Economic Growth: Evidence from the 2008 Wenchuan Earthquake

2018 ◽  
Vol 10 (12) ◽  
pp. 4409 ◽  
Author(s):  
Renjie Zhao ◽  
Shihu Zhong ◽  
Aiping He
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Wenchuan Earthquake ◽  
Capital Accumulation ◽  
Empirical Studies ◽  
Policy Implications ◽  
Economic Recovery ◽  
Obvious Effect ◽  
2008 Wenchuan Earthquake ◽  
The Government

How disasters have affected economic growth has often been a subject for economic debate, and empirical studies of the experience in China are clearly inadequate. Using the panel data from 181 county-level cities in Sichuan province from 2003 to 2013, this paper investigates the direct and dynamic effects of the Wenchuan earthquake disaster on economic growth, as well as how national rescue affected postdisaster economic recovery. The econometric results show that earthquakes significantly reduce real GDP in the affected areas after controlling for the national rescue variables, and this negative effect exists in the affected area over a long time. In addition, our empirical findings suggest that the postdisaster national rescue can promote economic recovery in the affected areas by increasing government expenditure, improving traffic conditions, and enhancing the urbanization process and the level of industrialization. Besides, state financial aid has no obvious effect on the development of tertiary industries and the accumulation of human capital in affected areas. These results were found to be robust after applying several approaches to alleviate the potential endogeneity problem. Findings in this study carry several important policy implications. As well as providing national rescue to promote postdisaster reconstruction, the government should also develop policies that will provide direct aid funding to tertiary industries and boost postdisaster economic reconstruction and human capital accumulation, thus improving the efficiency of relief funding and reducing the long-term adverse effects of the disaster on economic growth.

HAMBATAN DAN PROSPEK USAHA MIKRO KECIL KECAMATAN SINGINGI KABUPATEN KUANTAN SINGINGI

2010 ◽  
Vol 9 (2) ◽  
pp. 173
Author(s):  
Qomariah Lahamid ◽  
Julina Julina
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Family Income ◽  
Raw Materials ◽  
Major Obstacle ◽  
Future Prospects ◽  
Economic Growth Rate ◽  
Main Motivation ◽  
The Government ◽  
Micro Enterprises

This study aims to identify barriers and prospects for Small Micro Enterprises (SMEs) based on sex in the District of Singingi. The data collected by observation, interview and questionnaire. The result showed that the owners of SMEs in Singingi Regency dominated by men but not apart from the contribution of the woman (wife). The major obstacle is the lack of capital to develop the business. Other barriers such as availability of raw materials, equipment, technology, and skills possessed by SMEs. Although there are some obstacles, but they still want to maintain the business as their main motivation is to increase family income. Future prospects of SMEs will be better when it get serious attention from the government, especially when viewed from the economic growth rate reached 6 percent in that year provide the opportunity for absorption of industrial goods produced by SMEs.

Impact of Environmental Education On the Knowledge and Attitude of Students Towards the Environment

2018 ◽  
Author(s):  
Norris I. Erhabora ◽  
Juliet U. Don
Keyword(s):  
Environmental Education ◽  
Full Time ◽  
Tertiary Institutions ◽  
Development Goals ◽  
Level Of Knowledge ◽  
Edo State ◽  
Knowledge And Attitude ◽  
The Government ◽  
High Level ◽  
Agent Of Change

Environmentally aware and empowered youths are potentially the greatest agent of change for the long term protection and stewardship of the environment. Thus environmental education which promotes such change will enable these youths to have a greater voice on environmental issue if effectively implemented in Nigeria. Hence, this study was conducted to assess students’ level of knowledge and attitude towards the environment. The survey was conducted on 130 respondents who were full time students of environmental education in a federal university in Edo state, Nigeria. The result revealed that high level of knowledge and positive attitude towards the environment among the students. Also it was observed that the relationship between their knowledge and attitude towards the environment is a negative, little or no relationship. Therefore, it was concluded that environmental literate students especially in tertiary institutions are being nurtured to foster EE in Nigeria. Thus the researchers recommend that more needs to be done to promote and encourage EE at all levels in the country especially by the government and its agency to ensure effective implementation; nongovernmental organizations and international bodies all have a role to play in the country sustainable development goals.

scholarly journals Empirical Analysis of Teacher’s Accountability as an Instrument of Effective Policy Implementation in Nigeria

2015 ◽  
Vol 4 (4) ◽  
pp. 66
Author(s):  
Ibrahim Yaro ◽  
Rozita Binti Arshad ◽  
Dani Bin Salleh
Keyword(s):  
Teaching And Learning ◽  
Quality Education ◽  
Public Servants ◽  
Efficient Manner ◽  
Tertiary Institutions ◽  
Descriptive Research ◽  
Effective Policy ◽  
The Government ◽  
High Level ◽  
Research Analysis

Accountability in discharging official duties is very essential as it increases effectiveness and efficiency in service delivery. As public servants teachers are expected to demonstrate high level commitment in the teaching and learning process as this will lead to the attainment of quality education. The paper pointed out that where secondary education is of good quality, right students will be admitted into tertiary institutions of learning and subsequently, competent graduates will be produced who will work in different capacities. Literate workforce is however capable of implementing government’s policies in a more effective and efficient manner. The research employs descriptive research analysis to analyze teacher’s accountability in secondary schools of Sokoto state, Nigeria. The results showed pleasing teacher’s accountability. The paper therefore recommends that the government should intensify efforts and put in place more appropriate mechanisms including motivation and constant training and re-training of the teachers in order to maintain the tempo as this will ensure the attainment of the much needed quality education and subsequently effective implementation of government policies.

scholarly journals PHARMACIST BEHAVIOR OF HALAL LABELIZATION ON PHARMACEUTICAL PRODUCT

2019 ◽  
Vol 2 (1) ◽  
pp. 25
Author(s):  
Ach. Syahrir ◽  
Abdul Rahem ◽  
Adistiar Prayoga
Keyword(s):  
Raw Materials ◽  
Public Awareness ◽  
Pharmaceutical Products ◽  
Pharmaceutical Product ◽  
Survey Method ◽  
The Government ◽  
Strongly Agree ◽  
High Level ◽  
Development Center ◽  
The City

The survey of the research and development center of Ministry of Religion (Kemenag) of Indonesia in 2013 concluded that public awareness to consume halal products was at a high level. Although the government guaranteed halal products for the customer, the implementation is still not fully implemented. “Halal” status of the pharmaceutical product in Indonesia is still in doubt. The indicator is that 90 percent of the pharmaceutical industry's raw materials are imported materials, that have no guaranteed halal system for these products. In particular, pharmacists have an important role in the preparation of halal pharmaceutical products. Therefore, a study conducted to analyze the pharmacists' behavior regarding halal labeling of pharmaceutical products. This study focused on the behavior of pharmacists in Malang City who are members of the Indonesian Pharmacist Association/Ikatan Apoteker Indonesia (IAI) with the survey method. The objective of this study was to obtain an overview of the perception of the pharmacist on halal labeling in pharmaceutical products in Malang City. The research instrument was a questionnaire. Descriptive statistics ware used to analyze data. The results showed that pharmacists in the city of Malang accepted and strongly agree on halal labeling of pharmaceutical products.

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