An ARDL investigation on the nexus of oil factors and economic growth: A timeseries evidence from Sultanate of Oman

Javed, Sarfaraz; Husain, Uvesh

doi:10.1080/23322039.2020.1838418

Cited by 15 publications

(12 citation statements)

References 16 publications

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“…Therefore, there is no clarity in the literature regarding the explanation of the role of public debt, PCE, total government expenditure (TGE) and GDI in determining the EG of Oman, making this study more fascinating and needful to be conducted. Researchers need to re-examine this phenomenon in the particular context of Oman (Javed, Atallah, et al, 2019; Javed & Husain, 2020; Javed & Husain, 2021; Javed, Husain, et al, 2020; Javed & Khan, 2017; Javed, Khan, et al, 2020; Javed, Malik, et al, 2020). The current study responds to this need and re-inspects the influence of GE’s dimensions on the EG of Oman (Dudzevičiūtė et al, 2018; Javed & Malik, 2021; Khan et al, 2017; Khan & Javed, 2017a, 2017b; Malik & Javed, 2021; Malik et al, 2020; Rutskiy et al, 2020; Rutskiy et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Influence of Government Expenditure on Economic Growth: An Empirical Retrospection Based on ARDL Approach

Javed

Husain²

2022

FIIB Business Review

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The study investigates the influence of government expenditure (GE) on Oman’s economic growth by examining different government-spending dimensions as predictors of economic progression based on collected time-series data of Oman for 30 years. The study uses ‘Auto-Regressive Distributed Lag’ (ARDL) to assess the short-range and long-term effects of the dimensions on economic growth. GE, personal consumption expenditure and public debt are significant negative predictors of Oman’s economic progress in the long run. However, government and private consumption expenditures (PCEs) are significantly negative in the short run. Gross domestic investment is not a significant predictor in the long run, whereas public debt is a substantial positive predictor of Oman’s economic growth in the short run. The study will help policymakers recognize GE in Oman’s economic progression and development.

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Section: Introductionmentioning

confidence: 99%

Influence of Government Expenditure on Economic Growth: An Empirical Retrospection Based on ARDL Approach

Javed

Husain²

2022

FIIB Business Review

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“…A structured questionnaire is used to collect data from managers; it is distributed among selected managers of manufacturing firms in India (Albashabsheh et al,, 2018; Husain et al, 2021; Javed, 2017; Javed et al, 2019; Javed et al, 2020; Javed & Husain, 2021; Javed & Khan, 2017; Javed & Malik, 2021; Khan et al, 2017; Malik et al, 2020; Malik & Javed, 2021). Five hundred questionnaires are distributed among them, and the whole data collection process is self-administered to ensure the authenticity and reliability of the data collection method.…”

Section: Methodsmentioning

confidence: 99%

“…The paper’s methodology has been designed to study the direct effects of IC, F, and BE on ESC and ISC, and the direct effects of ISC and ESC on FP and NFP. India’s manufacturing sector entails vast importance in the economy of India because it is serving as a great contributor to the country’s economic growth (Javed et al, 2019; Javed & Husain, 2020; Javed et al, 2020; Javed et al, 2020; Khan & Javed, 2016; Rutskiy et al, 2021). By using a purposive sampling technique, the middle-level and top-level managers of selected firms are selected as the study sample according to its purpose because those managers can provide relevant and correct information about the managers’ capabilities, ISC, ESC and FP (Husain et al, 2021; Javed & Malik, 2021).…”

Section: Methodsmentioning

confidence: 99%

Is Social Capital a Key Factor to enhance Firm’s Performance via Manager’s Intangible Capabilities?

Rababah

Javed

Malik

2022

IIM Kozhikode Society & Management Review

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Purpose: The purpose of the study is to analyse the role of internal social capital and external social capital in determining the financial and non-financial performance of the firm and the effect of manager’s intangible capabilities on internal social capital and external social capital of firm in the context of the manufacturing sector of India. Design/methodology/approach: The data for this study is collected from 417 managers of manufacturing firms through a structured questionnaire and is analysed through SPSS and AMOS by performing confirmatory factor analysis and structural equation modelling. Findings: Findings reveal that a manager’s business experience, financial literacy and intellectual capital significantly enhance the firm’s internal and external social capital. Furthermore, it has been found that the internal social capital of the firm has the potential to enhance the performance of the firm in financial and non-financial terms. The external social capital also significantly derives from the firm’s financial performance; however, it has not significantly impacted its non-financial performance in the current study. Research limitations/implications: These findings provide many implications in theoretical and practical terms because the literature regarding social capital and the linkage among social capital, intangible capabilities and firm performance will be enhanced. The strategymakers and policymakers can also benefit from this study’s implications for making better strategies and policies regarding social capital and the firm’s performance. Originality/value: Past studies, though, examined the influence of social capital on business performance. However, no prior research addresses the phenomenon through which social capital can determine business performance while undertaking the role of a manager’s intangible capabilities in such a model. Therefore, the current study is the first to study the interrelationship among the manager’s intangible capabilities, social capital, and firm performance.

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“…Using a Panel data analysis method, the paper warned that, Attention should be paid not only to exogenous variables, such as global economic conditions and the crude oil price, but also to the state of domestic economic fundamentals as a significant factor of international capital flows and capital formations. In relation to Oman Economy, Javed, et al (2020) examined the relation of the oil sector with Oman's economic growth, using data from a range of 1989 to 2018. The data were analyzed with the help of the ARDL cointegration approach and Granger causality test.…”

Section: Empirical Literature Reviewmentioning

confidence: 99%

Oil Price Transmission, Deficit Financing and Capital Formation

2022

JEM

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This study investigated the magnitude of the transmission effect from oil price, to deficit financing, and capital formation using the Generalised Method of Moment approach. Based on the Nigerian data, the findings reveals a significant but small inverse oil price transmission effect, through the oil revenue channel to deficit financing. This indicates that growth in public spending is currently pacing faster than government revenue, due to poor fiscal management. In contrast, the transmission effect from oil price, through the oil revenue and deficit financing channels, to capital formation is significantly positive but minute in magnitude. The weak response of capital formation to the transmission effect from oil price, is due to the increasing use of oil proceeds in funding government's recurrent outlays over the years. Hence, channelling positive growth in oil prices, and repositioning the use of deficit financing to growing capital formation as against consumption demands, will increase diversification of government revenue base and investors' confidence in the economy through growth in FDI inflows.

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An ARDL investigation on the nexus of oil factors and economic growth: A timeseries evidence from Sultanate of Oman

Cited by 15 publications

References 16 publications

Influence of Government Expenditure on Economic Growth: An Empirical Retrospection Based on ARDL Approach

Influence of Government Expenditure on Economic Growth: An Empirical Retrospection Based on ARDL Approach

Is Social Capital a Key Factor to enhance Firm’s Performance via Manager’s Intangible Capabilities?

Oil Price Transmission, Deficit Financing and Capital Formation

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