Social and Behavioral Sciences Commons^™

The Nexus Between Infrastructure Investment And Economic Growth In The Mexican Urban Areas, Vicente German-Soto, Héctor A. Barajas Bustillos

Vicente German-Soto

Cointegration Analysis Of Public Expenditure On Tertiary Education And Economic Growth In Nigeria, Japheth T. Torruam, Moses A. Chiawa, Cyprian C. Abur

CBN Journal of Applied Statistics (JAS)

The paper investigates the Impact of public expenditure on tertiary education and economic growth in Nigeria using time series data for the period 1990- 2011.The econometric methodology employed was cointegration and error correction technique. The study concludes that public expenditure on tertiary education has positive impact on economic growth in Nigeria. The study recommended that government and private sectors should partner by mobilizing resources to furnish tertiary institutions and equip them with adequate facilities in order to enhance tertiary education development for sustainable economic growth.

Determinants Of Economic Growth In Nigeria, Kazeem B. Ajide

CBN Journal of Applied Statistics (JAS)

This paper investigates the role of Frazer Economic Freedom Index on FDI-growth relationship over the period spanning 1980 through 2010 using annual time series data. A Multivariate Regression approach was employed to estimate augmented growth models. Quite intriguingly, the impact of disaggregated economic freedom over aggregated composite index was found profoundly revealing. Emanated results show that the same set of variables like labour, life expectancy, degree of openness and economic freedom are factors affecting the level of economic growth in both but at different levels of significance. However, the estimates of disaggregated components of economic freedom data show that the …

Cambio Estructural En Las Fluctuaciones Cíclicas Del Producto Industrial. Las Economías Estatales Mexicanas En Relación A La Nacional, Vicente German-Soto

Vicente German-Soto

Governance And Economic Growth: Interpretations For Mena Countries, Noha Emara, Eric Jhonsa

Topics in Middle Eastern and North African Economies

Using Two-stage Least Square (TSLS) regression for cross-sectional observations of 197 countries for the year 2009, the study estimates the impact of the improvement in the quality of governance on per capita income and the increase in per capita income on the quality of governance. Following Kaufman and Kraay (2002) methodology, the results suggest a positive, strong statistically significant causation from quality of governance to per capita income. In addition, the results suggest a positive causation from per capita income to quality of governance. The estimation results are used to interpret the relationship between governance and growth for 22 MENA …

Competition And Economic Growth: An Empirical Analysis With Special Reference To Mena Countries, Marwa W. Gomaa

Topics in Middle Eastern and North African Economies

The underlying study analyzes the impact of competition on economic growth, and tests whether this impact might change according to the technological gap between the observed country and the technological leader country. Using panel data estimation for a sample of 115 countries over the period 1995-2010, and controlling for the MENA countries in the sample, the results suggest that intensive domestic competition, proxied by business freedom, tends to hinder the growth rate of an economy independent of the country's distance from the technological frontier, providing evidence in support to the Schumpeterian argument. However this effect is almost negligible for MENA …

Foreign Trade-Economic Growth Nexus: Evidence From Nigeria, Nosakhare L. Arodoye, Milton A. Iyoha

CBN Journal of Applied Statistics (JAS)

This study examines the nexus between foreign trade and economic growth in Nigeria using quarterly time-series data for 1981Q1 through 2010Q4. In order to fully account for feedbacks, a vector autoregressive model is utilized. The results show that there is a stable, long- run relationship between foreign trade and economic growth. The variance decomposition results show that the predominant sources of Nigeria economic growth variation are due largely to “own shocks” and foreign trade innovations. The study therefore recommends adoption of trade expansion policies as a means of accelerating economic growth in Nigeria.

The Shale Boon And The Effects On Energy Markets: A Look Into Natural Gas And Crude Oil Futures And Spot Prices And Their Relation To Economic Growth, Jesse Backstrom

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

A key political concern for the United States (US) since World War II has been its dependence on foreign energy. These concerns have arisen from a volatile nature of crude oil prices and the country’s preexisting beliefs of peak oil in the early 1970s, resulting in unpredictable energy markets. Highlighted have been episodes of rising oil prices leading to recessions, higher inflation rates, and economic stagnation (Brown and Yucel, 2013). Changing this story are recent gains in both crude oil and natural gas production, helping to vault the country to at least temporary energy stardom. In fact, 2014 statistics from …

Essays On The Macroeconomic Effect Of Natural Resource Rents, Salim Araji

Theses and Dissertations

This dissertation comprise of two chapters on the macroeconomic effect of natural resource rents. Specifically, we focus on the effect of resource rents on human capital accumulation. In chapter one, we present a new mechanism for the curse of natural resources, i.e., "why natural resource rents if distributed as transfers to individuals' income might retard economic growth and development: their effect on incentives to invest in human capital". Extending an OLG model for this purpose, we show that the windfall rents from natural resources, when transferred directly to citizens distort their incentives away from accumulating the optimum level of human …

Distribution And Debt: How Consumption And Household Debt Can Affect Economic Growth, Jeremy Rees

Senior Theses and Projects

Over the past 30-40 years, consumer debt has grown substantially faster than income in the United States. As a result, consumption has grown fast relative to national income. The economic growth that we have experienced in the US economy has shown to be unreliable as demonstrated by the Great Recession in 2007-2008. By creating unstable growth, consumer behavior could be an explanation behind the recession as well as the cause of future economic downturns. This paper implements a new theory of consumption practices and tests for the stability of economic growth and sustainability of consumer debt by using a neo-Kaleckian …

The Spillover Effects Of Conflict On Economic Growth Along The U.S.-Mexico Border, Karen Elizabeth Trevino

Open Access Theses & Dissertations

The violence and insecurity that Mexico has suffered since former President Calderon's war on drugs has come at a grave economic cost to the cities most affected. Businesses and citizens in counties that shared a border with the United States, however, have the ability to move their capital and businesses in search of regaining profits that had been lost due to the insecurity in their cities. These specific counties are considered to be interdependent borderlands, which signify that these borders are in a border region where one nation is symbiotically linked with the border region of an adjoining country. This …

Crime And Economic Growth In Developing Countries: Evidence From Pakistan, Arsalan Ahmad, Sharafat Ali, Najid Ahmad

Sharafat Ali

This study investigates the impact of crime on economic growth of Pakistan by using time series data from 1980 to 2011. Augmented Dickey Fuller (ADF) test is applied to check the stationary of variables. It is hypothesized that increase in crime leads to less economic growth in Pakistan. Autoregressive Distributive lag (ARDL) to cointegration is used to find short and long run relationship between crime and Economic growth. Results reveal that crime has negative and significant impact on economic growth in the long run, whereas in short run the effect of crime on economic growth is negative but insignificant. ECM …

Banking And Stock Markets In Iran: Are They Complements Or Substitutes, Reza Moosavi Mohseni Dr., Elaheh Ghyasi, Jalil Khodaparast Shirazi

Reza Moosavi Mohseni

In this study, the quarterly data from 1991:4 to 2011:3 have been used to investigate the effect of the relation between banking sector and stock market on economic growth in Iran. The break point obtained by Gregory and Hansen(1996) appears in the first quarter of 2005, which coincides with the period of the remarkable increase in oil and gas revenues. The results of Johansen test shows that higher export income in Iran decreases the substitution of banking and stock market. On the other hand, the relation between turnover and real output decreases after the break point. In addition, the relation …