Which Indian Industry Benefits from FDI? A Panel Co-Integration Approach

2016 ◽  
Vol 17 (1) ◽  
pp. 58-89
Author(s):  
S. Mahalakshmi ◽  
S. Thiyagarajan ◽  
G. Naresh
Keyword(s):  
Performance Indicators ◽  
Computer Software ◽  
Economic Liberalization ◽  
Fdi Inflows ◽  
Long Run ◽  
Industry Performance ◽  
Integration Test ◽  
The World ◽  
Indian Industries ◽  
The Impact

Economic liberalization or market reforms have become the buzz word in economics all over the world in the recent years. Among various aspects of economic liberalization, foreign capital, particularly inflow of foreign direct investment (FDI) has been viewed as a main engine for economic development in the world economy. Thus this paper attempts to analyze the impact of FDI inflows on the performance of various Indian industries. Using Panel Co-integration tests namely Pedroni Residual Co-integration, Kao Residual Co-integration test and Johanson Fisher panel co-intergration tests, the presence of co-integration between FDI inflows and the performance variables of selected industries have been tested. The results of the paper reveals that there is a long run relationship between industry performance indicators and FDI only in case of services, telecom, computer software and hardware, real estate and automobile industries and in case of majority of other industries, there is no long run relationship between industry performance indicators and FDI inflow.

An Econometric Analysis on the Relationship between Globalisation and Inequality in South Africa

2020 ◽  
Vol 11 (1) ◽  
pp. 89-89
Author(s):  
Jacques de Jongh
Keyword(s):  
South Africa ◽  
Well Being ◽  
Causality Analysis ◽  
Global Integration ◽  
Development Indicators ◽  
Long Run ◽  
The World ◽  
Distribution Of Resources ◽  
Short Run ◽  
The Impact

Globalisation has had an unprecedented impact on the development and well-being of societies across the globe. Whilst the process has been lauded for bringing about greater trade specialisation and factor mobility many have also come to raise concerns on its impact in the distribution of resources. For South Africa in particular this has been somewhat of a contentious issue given the country's controversial past and idiosyncratic socio-economic structure. Since 1994 though, considerable progress towards its global integration has been made, however this has largely coincided with the establishment of, arguably, the highest levels of income inequality the world has ever seen. This all has raised several questions as to whether a more financially open and technologically integrated economy has induced greater within-country inequality (WCI). This study therefore has the objective to analyse the impact of the various dimensions of globalisation (economic, social and political) on inequality in South Africa. Secondary annual time series from 1990 to 2018 were used sourced from the World Bank Development indicators database, KOF Swiss Economic Institute and the World Inequality database. By using different measures of inequality (Palma ratios and distribution figures), the study employed two ARDL models to test the long-run relationships with the purpose to ensure the robustness of the results. Likewise, two error correction models (ECM) were used to analyse the short-run dynamics between the variables. As a means of identifying the casual effects between the variables, a Toda-Yamamoto granger causality analysis was utilised. Keywords: ARDL, Inequality, Economic Globalisation; Social Globalisation; South Africa

scholarly journals Impact of Domestic Public Debt on Economic Growth - An Empirical Study in the Indian Context

2016 ◽  
Vol 6 (4) ◽  
pp. 101-116
Author(s):  
Srinivasa Rao Gangadharan ◽  
Lakshmi Padmakumari
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Positive Impact ◽  
Least Square ◽  
Distributed Lag ◽  
Long Run ◽  
Domestic Debt ◽  
Integration Test ◽  
Ordinary Least Square Regression ◽  
The Impact

This study is an empirical investigation to assess the impact of domestic debt on India’s Economic growth during the period 1980 – 2014. We use data on Domestic Debt, Net Fiscal Deficit, Exports, Savings, Real Gross Domestic Product, Population and Terms of Trade. This study adopts the ARDL Co-Integration and Granger Causality techniques to investigate the relation between the key variables. The study also employs various post estimation tests to validate the fitness and stability of the models based on Gauss Markov assumptions, after employing the ordinary least square regression on various models. We find that debt negatively impacts economic growth while savings has a positive impact. The Auto Regressive Distributed Lag (ARDL) technique used to test the robustness suggests existence of co-integration among the variables. However, none of the long run co-efficient is significant. The granger causality and co-integration test results support the traditional view that debt negatively impacts economic growth.

scholarly journals Agriculture Sector Credit and Output Relationship in Nepal

2020 ◽  
pp. 33-53
Author(s):  
Arjun Kumar Dahal ◽  
Khagendra Kumar Thapa
Keyword(s):  
Commercial Banks ◽  
Agricultural Sector ◽  
Least Squares Method ◽  
Manufacturing Sector ◽  
Agriculture Sector ◽  
Industrial Sectors ◽  
Long Run ◽  
Integration Test ◽  
The Government ◽  
The Impact

Purpose: The purpose of this study is to find out the condition of priority of commercial banks to provide loans to the agricultural sector and to find the relationship and impact of agricultural loans to the agricultural GDP of Nepal. Objectives: This study aims to compare the condition of loan disbursements in agricultural and manufacturing sectors. It further aims to compare loan percent with growth and contribution to the GDP of the agricultural and industrial sectors and tries to show the impact of agricultural loans to the agricultural GDP of Nepal. Methods: It was based on a descriptive and analytical research design. Statistical tools standard deviation, correlation, regression, etc. are used and Excel, and EViews software are used for the statistical calculations. Statistical calculations and graphs are simultaneously used to show and compare the condition of variables. Results: Commercial banks give higher priority to the manufacturing sector for loans than the agricultural sector. The Johansen Co-integration test indicates no long-run relationship between loans of commercial banks and agricultural output in Nepal. However, the least-squares method, it indicates that a positive causal relationship between agricultural loans and agricultural growth. Implications: The loans of commercial banks directly stimulate the growth of agriculture but the amount of growth is less noticeable. Thus, it is concluded that the commercial bank's loan alone cannot affect and control the growth of the agricultural sector of the Nepalese economy therefore the government should increase its expenditure on the agricultural sector.

Bivariate Causality between FDI Inflows and Economic Growth in India Since 1990

2010 ◽  
pp. 221-223 ◽  
Author(s):  
Behrooz Shahmoradi ◽  
Enayatallah Najibzadehr
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Strong Correlation ◽  
Direct Relationship ◽  
Causal Relation ◽  
Economic Activities ◽  
Fdi Inflows ◽  
Long Run ◽  
The World

Nowadays, most of the countries in the world mostly concentrate on the flow of FDI, because it has direct relationship with economic development. The present study attempts to make a contribution in this context, by analyzing the existence and nature of causalities, if any, between FDI and economic growth in India since 1990, where growth of economic activities and FDI has been one of the most pronounced. The results indicate that there is a strong correlation between FDI inflows and GDP in India. And also there is unidirectional causal relation between FDI and GDP. Finally as co-integration shows there is no long run relationship between FDI and economic growth in India.

Impact of Trade Openness on Nigerian Economic Growth: An Empirical Investigation, 1970–2011

2020 ◽  
Vol 55 (2) ◽  
pp. 239-247 ◽  
Author(s):  
Gerald C. Nwadike ◽  
Ani Kelechi Johnmary ◽  
Chukwuma Samuel Alamba
Keyword(s):  
Economic Growth ◽  
Trade Openness ◽  
Unit Root Test ◽  
Total Import ◽  
Private Sector Investment ◽  
Ex Post ◽  
Long Run ◽  
Integration Test ◽  
The Government ◽  
The Impact

Geopolitical territories have often engaged in one form of trade or another with their neighbours. That is because no nation in the world can survive without one form of trade with other sovereign states. This study examines the nature of trade openness and economic growth in Nigeria from 1970–2011. The emphasis of this empirical study is to ascertain the impact of trade openness on Nigeria’s economic growth. Causal comparative or ex-post facto research design was adopted in the study. Econometric time series analyses like ADF unit root test, co-integration test and the ordinary least squared (OLS) were employed in the study. The result obtained was used to test the hypotheses, and it was revealed that (i) Trade Openness has positive significant impact on Nigeria’s economic growth; while (ii) Gross Domestic Product (GDP) responds to the shock of Trade Openness value as a proxy of total import and total export divided by GDP as well as change in Exchange Rate (DEXR) within Nigeria’s economy during the period of study. Thus, the co-integration results indicate that there exists long-run relationship among the variables used; hence; the researchers then recommended that there is urgent need for the government to create enabling environment for good trade policy that would attract both foreign and domestic private sector investment in the country. JEL Codes: F13, B27

scholarly journals Macroeconomic Impact of Migrant Workers’ Remittances in Bangladesh

2019 ◽  
Vol 15 (3) ◽  
pp. 167-188
Author(s):  
Bimal Sarkar
Keyword(s):  
Migrant Workers ◽  
Econometric Model ◽  
Least Square ◽  
First Year ◽  
Dynamic Effects ◽  
Macroeconomic Variables ◽  
Long Run ◽  
The World ◽  
Macroeconomic Impact ◽  
The Impact

Bangladesh being over populated is a cheap less-skilled and semi-skilled labor supplier country in the world and earning huge remittances from the abroad. This paper attempts to examine the dynamic effects of remittances on some important macroeconomic variables like consumption, investment, imports and economic growth in both the short and the long run in Bangladesh covering a period (1977-2014) following Nicholas P.Glytsos (2002) of Keynesian-type econometric model. The study finds using two-stage least square (2SLS) technique that one Taka increase in remittances contributes 3.15 Taka in income in Bangladesh through the impact multiplier as well as dynamic multipliers from the first year to seventh year.

scholarly journals COVID-19: Implications for Food, Water, Hygiene, Sanitation, and Environmental Safety in Africa: A Case Study in Ghana

2020 ◽  
Author(s):  
Courage Kosi Setsoafia Saba
Keyword(s):  
Severe Acute Respiratory Syndrome ◽  
Environmental Safety ◽  
Population Based ◽  
World Health ◽  
Limited Information ◽  
Long Run ◽  
The World ◽  
Health Organization ◽  
The Impact

Governments all over the world are currently grappling with the COVID-19 pandemic. While some countries were very hard hit, others were only mildly hit but all are still taking measures to mitigate the consequences. The virus emerged in December 2019 in Wuhan, China and spread to most continents by the beginning of March 2020, which led to the World Health Organization declaring it as a pandemic on the 11th of March 2020. Since it was a novel disease, there was limited information on the virus, Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) belongs to the same family as the Severe Acute Respiratory Syndrome Coronavirus 1 (SARS-CoV-1) and the Middle East Respiratory Syndrome Coronavirus (MERS-CoV). Researchers all over the world started working simultaneously to understand the virus to provide the necessary treatment regime or vaccine in order to reduce the impact of the virus on its victims. Africa and other developing countries with limited resources and poor planning and management are expected to be among the worst hit in the long run. The implications of the COVID-19 on food, water, hygiene, sanitation, and the environment in Africa have been reviewed in this paper, as well as possible implications they may pose to the population, based on the existing common practices and their immediate impacts. This information can assist policymakers in Africa to adequately plan the management of the COVID-19 in order to lessen its impact on the population.

scholarly journals Monetary Policy Shocks and Manufacturing Output in Nigeria (1981-2018)

2020 ◽  
Vol 7 (1) ◽  
pp. 27-37
Author(s):  
Yinka Sabuur Hammed
Keyword(s):  
Monetary Policy ◽  
Time Series Data ◽  
Policy Instrument ◽  
Series Data ◽  
Policy Makers ◽  
Long Run ◽  
Integration Test ◽  
Policy Shocks ◽  
Monetary Policy Shock ◽  
The Impact

This study empirically investigates the impact of monetary policy shock on the manufacturing output in Nigeria using time series data covering the period between 1981 and 2018. Co-integration test was used to establish the long run relationship among the variables and Structural Vector Auto-Regressive model was employed to test for the shocks. It was found that shock to broad money supply would bring about positive and significant impact on the manufacturing output while the impact of shock to interest rate was found to be negative and insignificant. This study however concludes that shock to broad money is the main monetary policy instrument which can bring about positive change to manufacturing output in Nigeria. This paper then suggests that government and policy makers should primarily focus on this variable in their implementation of unanticipated monetary policy.

scholarly journals Menilai Dampak Perpustakaan Menggunakan ISO 16439:2014

2021 ◽  
Author(s):  
Muhammad Bahrudin
Keyword(s):  
Impact Assessment ◽  
Performance Indicators ◽  
Statistical Data ◽  
Review Paper ◽  
General Review ◽  
The World ◽  
The Subject ◽  
Library Impact ◽  
The Right ◽  
The Impact

Issues on measuring or assessing library impact have not been widely discussed in Indonesia. So far, many libraries have only focused on how to measure its performance in various aspects and the provision of statistical data conducted with various tools / methods / approaches, including SNI ISO 11620:2014 on library performance indicators and SNI ISO 2789:2013 on library statistics. This paper aims to introduce one of the standards that can be used in library impact assessment, ISO 16439-2014, Information and documentation - Methods and procedures for assessing the impact of libraries. This paper is a review paper and the method used in its writing is a general review that is providing an overview of a particular subject by examining previously published studies on the subject. This paper summarizes some of the methods described in ISO 16439 and new insights related to the implementation of library impact assessments based on these standards. Based on the results of the review, this standard comprehensively describes various methods for assessing the impact of libraries on individuals, institutions or library communities, and social that have been used around the world by various types of libraries at various scales. It also provides a way to determine the right method choices according to the impact assessment objectives that a library want to achieve, scope, and resources.

scholarly journals Is There Any Role of Technological Inputs? A District-wise Analysis of Output Differential in Crop Sector

2008 ◽  
Vol 47 (4II) ◽  
pp. 925-946 ◽  
Author(s):  
Abdul Jalil Khan
Keyword(s):  
Developing Countries ◽  
Economic Freedom ◽  
Growth Process ◽  
Agricultural Productivity ◽  
Inclusive Growth ◽  
Long Run ◽  
The World ◽  
The Impact ◽  
Over Time

The idea of inclusive growth has emerged over time that highlighted systematically excluded segments of society from enjoying the benefits of growth on the basis of religion, ethnicity or location. In Pakistan, districts-wise allocation and usage of technological inputs is the outcome of growth and the important contributing elements as well to enhance specifically crop sector output under the advancement in growth prospective. It is reported that crop sector output contributes around 40 percent of the total agricultural GDP,1 where 2/3rd belongs to Punjab.2 The introduction of advance technological inputs provides an opportunity to enhance production potentials of crop sector in different provinces and their respective districts because Pakistan is also facing the problem of low agricultural productivity in comparison to many developed and developing countries of the world.3 Secondly, the expansion of opportunities to enhance economic freedom in long run has been considered an important issue that needs to be addressed in inclusive growth process. Hence, understanding the interrelationship among different farm related inputs effecting crop sector would help to measure (i) the impact of increased total traditional and technological inputs; (ii) contributive aspects of both types of technological inputs; machine and bio-chemical; and (iii) districtwise differential especially considering their resource endowments and availability.

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