scholarly journals Growth Elasticity of Poverty in Nigeria: Empirical Analysis

2021 ◽  
Vol Volume II (December 2021) ◽  
pp. 60-70
Author(s):  
Rasaki Stephen Dauda ◽  
Oluwayemisi Kadijat Adeleke ◽  
Olatokunbo Aina Oluwayemisi
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
World Bank ◽  
Poverty Reduction ◽  
Good Governance ◽  
National Bureau ◽  
Development Indicators ◽  
Employment Generation ◽  
World Development

This study examined growth elasticity of poverty (GEP) in Nigeria, using elasticity procedure with data from the 2020 World Bank World Development Indicators and Nigerian National Bureau of Statistics (2020), covering the period 1992-2019. The findings showed 77.1% of the GEP coefficients as positive; signifying failure of economic growth to alleviate poverty in the country. It is therefore imperative for Nigeria to initiate and implement policies covering employment generation, good governance, reduction in all forms of inequalities, functional education, among others for growth to engender poverty reduction among the citizens.

scholarly journals INTERACTION BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN INDIA

2017 ◽  
Vol 5 (4) ◽  
pp. 62-71 ◽  
Author(s):  
Nandakumar ◽  
Devasia ◽  
Thomachan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
World Bank ◽  
Energy Use ◽  
Annual Data ◽  
Sample Period ◽  
Development Indicators ◽  
Long Run ◽  
World Development

This Paper examines the relation between energy use and GDP percapita of India. It used the annual data from 1971-2013, obtained from World Development Indicators of World Bank for India. The variables used in this study are – Percapita GDP and Energy consumption in Kilograms of oil equivalent (Kgoe). The result shows long run relation between energy use and GDP percapita. The result also shows that Energy Use granger causes GDP percapita of India for the sample period.

scholarly journals Sectoral Analysis of Employment Intensity of Growth in Nigeria

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Rasaki Dauda ◽  
Omowumi Ajeigbe
Keyword(s):  
Service Sector ◽  
Agricultural Sector ◽  
Raw Materials ◽  
Development Indicators ◽  
Sectoral Analysis ◽  
Industrial Sectors ◽  
Agriculture Industry ◽  
Service Sectors ◽  
Employment Generation ◽  
World Development

This study assessed employment intensity of growth (EIG) in the agriculture, industry and service sectors in Nigeria from 1991 to 2019 within the context of Okun’s theory/law. Data from the 2020 World Development Indicators were employed for analysis, using elasticity procedure after decomposing the scope into different periods and regimes. The findings showed negative EIG in the agriculture and industrial sectors while the service sector returned positive EIG. Therefore, government should invest significantly in the service sector while the agricultural sector should be mechanized to boost output and supply of raw materials to industries to enhance employment generation.

scholarly journals How do Poverty and Income Inequality affect Economic Growth in Developing Countries?

2021 ◽  
Vol 4 (2) ◽  
pp. 547-558
Author(s):  
Hamza Saleem ◽  
Fatima Farooq ◽  
Muhammad Aurmaghan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Income Inequality ◽  
Negative Impact ◽  
Positive Impact ◽  
Development Indicators ◽  
The Relationship ◽  
Positive Effect ◽  
World Development

The major objective of this research is to examine the relationship between poverty, income inequality and economic growth from some selected developing countries. This study uses panel data for the period of 2002-2015. All the data is taken from world development indicators (WDI). To find out the results, we have used Hausman test an econometrics technique for panel data in this research. The results of the study indicate that poverty and income inequality have a negative impact on economic growth on the other hand Gross capital formation, labor force, total population and government consumption and expenditure have a positive impact on economic growth. The result tells us that changes in these variables have a significant and positive effect on the dependent variable. To achieve the goal of economic growth developing countries should reduce poverty and take meaningful steps to overcome the problem of inequality in the society which can be very helpful in achieving the goal of economic growth.

scholarly journals Impact of Stock Market Development on Economic Growth in BRICS

2018 ◽  
Vol 10 (1) ◽  
pp. 23
Author(s):  
Godfrey Osaseri ◽  
Ifuero Osad Osamwonyi
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Stock Market ◽  
World Bank ◽  
Time Series Data ◽  
Market Development ◽  
Series Data ◽  
Stock Market Development ◽  
Development Indicators ◽  
Effect Estimation

The study examines Stock Market development and economic growth in BRICS, Quarterly time series data for the period 1994QI to 2015Q4 were sourced from World Bank Indicator. The Panel Least Squares based on the fixed effect estimation was employed to determine how stock market development impacts on the economic growth of BRICS. Diagnostics tests were conducted to ascertain the robustness and stability of the regression results. The findings reveal that stock market development exerts significant impact on the economic growth. The study revealed that there is a positive correlation between stock market development indicators and BRICS’s economic growth. The study recommends that the weakness of each of the BRICS member country should be taken as policy focus and strategies necessary to strengthen them should be swiftly applied by the governments.

scholarly journals EFFECT OF EXTERNAL DEBT LIABILITY ON ECONOMIC GROWTH IN KENYA

2021 ◽  
Vol 6 (1) ◽  
pp. 23-42
Author(s):  
Joshua Matanda ◽  
Samuel Mbalu
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
World Bank ◽  
Public Debt ◽  
External Debt ◽  
Debt Service ◽  
Series Data ◽  
National Bureau ◽  
Private Debt ◽  
Independent Variables

Purpose: The purpose of the study was to evaluate the effect of external debt liability on economic growth in Kenya. Materials and Methods: The descriptive research design was adopted. The target population was three institutions: The National Treasury, Kenya National Bureau of Statistics, and the World Bank. The study used time series data. The designated sample for this study covered a period of 43 years (1977–2019). Secondary data was used in this study. The data collected was on GDP of Kenya between 1977 and 2019, External public debt in terms of US dollars from 1977 to 2019, External private debt from 1977 and 2019 and external debt service payments from 1977 to 2019, all in US dollars. A data collection sheet was used to collect the data on the four variables. World Bank and World Development Indicator economic Meta data and published data by Central Bank of Kenya and the Kenya National Bureau of Statistics were the source of data for this study. The study used Eviews version 10 for analyzing and presenting study findings. The study employed multivariate time series and panel data regression analysis. The model employed GDP as a measure of economic growth and external public debt, external private debt, and external debt service payment as its main independent variables. Results:  The study found out that only the external private debt and the debt service payment showed bilateral causal relationship. External public debt and external private debt had a positive and significant effect on the GDP, indicating that external debt promotes economic growth in Kenya. The external debt service payment showed a negative and a significant effect on the GDP as well. The model explained 97% variability of the GDP as explained by the three independent variables combined. The 3% is attributed to other factors, not included in this study. Unique contribution to theory, practice and policy: The study recommends a more robust multivariate model to be employed to include more macro-economic variables to explain economic growth. A decade-to-decade comparison can also be done to compare the effects of the external debt on Kenyan economic growth in different time intervals. Fiscal and monetary policies should be reviewed to encourage more domestic and foreign investments and discourage external borrowing to fund budget deficits or projects with low or no returns.

scholarly journals Infrastructural Development, Agricultural Output and Employment in ECOWAS Countries

2019 ◽  
Author(s):  
Richardson Edeme ◽  
Janefrancis Idenyi
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Agricultural Land ◽  
Infrastructure Development ◽  
Agricultural Output ◽  
Development Indicators ◽  
Infrastructural Development ◽  
World Development ◽  
Land Economic ◽  
Electricity Transport

Data from 15 ECOWAS countries from 2000-2017 were generated from World Development Indicators and Africa Infrastructure Development Index. Variables of concern are agricultural output, agricultural sector employment, access to electricity, transport, ICT, agricultural land, economic growth and FDI.

scholarly journals Performance of Agricultural Export Products on Economic Growth in Nigeria

2021 ◽  
Vol 11 (1) ◽  
pp. 47-52
Author(s):  
Oyetoun Dunmola Amao ◽  
Michael Akwasi Antwi ◽  
Oluwaseun Samuel Oduniyi ◽  
Timothy Olukunle Oni ◽  
Theresa Tendai Rubhara
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Generalized Method Of Moments ◽  
Secondary Data ◽  
National Bureau ◽  
Agricultural Export ◽  
Development Indicators ◽  
Agricultural Exports ◽  
The World Bank

This research sought to explore the performance of agricultural export products on economic growth in Nigeria from 1960 to 2016. Secondary data from the National Bureau of Statistics, the Central Bank of Nigeria’s Annual Statistical Bulleting, the World Bank, and World Development Indicators were used. The Generalized Method of Moments (GMM) model was explored in this study. The findings of the study show that food and live animals, beverages, and tobacco were found to be negative but significant to agricultural exports, while agricultural exports (total) and crude materials, inedible except fats, were found to be negative and insignificant to economic growth. Animal and vegetable oils and fats were found to be positive but insignificant to economic growth. Based on the following findings, it is recommended that policies aimed at increasing the productivity and quality of agricultural products, especially those from crops, should be implemented. There is also a need to devote more resources to the production of non-export goods to increase exports. Above all, more credit should be extended to the agricultural sector with a low or zero interest rate, which may lead to a higher rate of economic growth in Nigeria.

scholarly journals The Effects of Green Financial Development on Economic Growth in Pakistan

2021 ◽  
Vol 3 (3) ◽  
Author(s):  
Muhammad Atif Nawaz ◽  
Muhammad Sajjad Hussain ◽  
Altaf Hussain
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Positive Impact ◽  
Development Indicators ◽  
Green Finance ◽  
Green Investment ◽  
World Development

Sustainable development is now a mantra for which every country is striving for it and green finance, and green financial development which is advancement in financial activities harmonized with environmental protection and ecological balance, is considered as the foremost solution for it. Keeping in view the importance of green financial development for the economic growth, this study aims to examine the effects of green financial development such as green credit, green securities, green insurance, green investment, and foreign direct investment on the economic growth of Pakistan. The time series has extracted from World Development Indicators (WDI) and State Bank of Pakistan (SBP) for the period 1981 to 2019. For the analysis purpose, Autoregressive distributive lag (ARDL) and Granger casualty have been executed. The findings established empirically that green financial development such as green credit, green securities, green insurance, green investment, and foreign direct investment have a positive impact on the economic growth of Pakistan. These findings provide the insight to the regulators that they should enhance their focus towards green financial development that is imperative for the economic growth of the country.

Poverty and Living Standards since 1949

2014 ◽  
Author(s):  
Alan Piazza
Keyword(s):  
Public Health ◽  
Economic Growth ◽  
World Bank ◽  
Economic Reform ◽  
Poverty Reduction ◽  
Basic Education ◽  
Living Standards ◽  
Sharp Decline ◽  
Reform Period ◽  
Reduction Program

Trends in poverty and living standards in China were mixed during the period from 1949 to 1978. In the 1950s and 1970s, the more egalitarian distribution and increased production of food, combined with improvements in access to basic education and public health, reduced poverty, and improved living standards. During the Great Leap Forward period (1959–1962), however, the collapse of food production and the failure to take corrective measures led to widespread famine of historic proportions and a sharp decline in living standards. China’s subsequent tremendous success in reducing extreme poverty during the economic reform period (1978–2013) is widely recognized. World Bank estimates indicate that the number of absolute poor (that is, those people consuming less than $1.25 per day in Purchasing Power Parity terms) in China declined by more than 600 million from about 835 million in 1981 to 173 million in 2008. Based on a much more austere poverty line, official government estimates indicate that the number of poor was significantly lower than the World Bank estimates throughout the economic reform period but confirm a similar sharp decline in poverty over these years. Moreover, these consumption- and income- based estimates of the decline in poverty are matched by broad-based improvements in nutritional status, educational attainment, health, and other indicators of well-being since the late 1990s. While there is consensus on the massive reduction in poverty in China during the economic reform period, there is continuing debate on the effectiveness of the government’s poverty reduction program. Other important issues include the deterioration of access to basic education and public health in rural areas resulting from the dissolution of the commune system during 1978–1984 and the widening of income disparity beginning in the mid-1980s. In addition, while very large-scale Labor Migration has made a massive contribution to economic growth and poverty reduction, there are also many well-recognized adverse social consequences to this demographic trend. There is also concern that ethnic minority people, people with disabilities, the elderly, and women are known to represent disproportionately large shares of China’s remaining absolute poor and suffer the greatest deprivation. China has actively collaborated with a host of international partners on its poverty reduction program during the economic reform period. Consistent with China’s strong economic growth, the Chinese government has begun the transition from development aid recipient to aid donor, and is expanding its role in international poverty reduction and development work. This article was compiled with the assistance of Wang Yilin.

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