Globalisation and Output Growth Nexus in Sub-Saharan Africa: the Critical Role of Trade Liberalisation

Mohammed, Abubakar

doi:10.1007/s13132-023-01230-y

Cited by 3 publications

(2 citation statements)

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“…They note that educational investment is essential for achieving rapid growth in the United States. Similar studies in Nigeria have also examined the relationship between investment in education and economic growth (Ifionu and Nteegah, 2013;Ajadi and Adebakin, 2014;Adegboyega, 2023;Abubakar, 2023). Ifionu and Nteegah (2013) find that government capital expenditure on social services (education and health) and recurrent government expenditure on education significantly impact economic growth.…”

Section: Literature Reviewmentioning

confidence: 94%

“…Adegboyega (2023) demonstrates the importance of inclusive economic growth for poverty reduction by increasing employment and improving opportunities for productive activities among people experiencing poverty. Abubakar (2023) reveals a negative relationship between globalization and economic growth in Sub-Saharan countries, including Nigeria, South Africa, Kenya and Ghana. Also, Aqib & Zaman (2023) emphasize the role of human capital, labor market changes, R&D spending and technology that helps people do their jobs in a country's developmental agenda.…”

Section: Literature Reviewmentioning

confidence: 99%

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Socio-economic governance and economic growth in Nigeria

Okunlola,

Sani,

Ayetigbo

2023

JBSED

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Purpose The study examines the impact of socio-economic governance on economic growth in Nigeria. It measures socio-economic governance from the perspective of fiscal policy, using indicators such as investment in education, research and development (R&D) and health.Design/methodology/approach This study employs the Autoregressive Distributive Lag (ARDL) Bound Testing method to achieve its objective.Findings The study finds that socio-economic policies aimed at increasing investment in education are crucial for Nigeria’s long-term economic growth. Additionally, investment in R&D positively impacts economic growth. However, the study reveals that investment in health negatively affects economic growth in Nigeria in the long run. This suggests that if a country overinvests in health, it may divert resources from other vital sectors such as education, infrastructure and R&D, which can hinder overall economic growth. The short-run parameter is, however, not statistically significant in this study.Originality/value The study’s originality lies in its exploration of the relationship between socio-economic governance and economic growth in Nigeria, specifically from a fiscal policy perspective. It highlights the importance of investing in education and R&D for long-term economic growth. Additionally, the finding that overinvestment in health may have a negative impact on long-term economic growth provides valuable insight for policymakers in Nigeria and other developing countries. Overall, this study’s findings can be beneficial for policymakers and researchers interested in the intersection between socio-economic governance and economic growth in developing countries.

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Section: Literature Reviewmentioning

confidence: 94%

Section: Literature Reviewmentioning

confidence: 99%

Socio-economic governance and economic growth in Nigeria

Okunlola,

Sani,

Ayetigbo

2023

JBSED

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Do regulatory affairs, political stability, and renewable energy demand improve environmental quality? Perceptive from the South Asian Association for Regional Cooperation region

Nazir,

Khan,

Nassani

et al. 2024

Energy & Environment

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The contemporary era confronts formidable obstacles, including environmental deterioration and energy consumption, which jeopardize the rapid advancement of the worldwide financial system. The hazards mentioned above encompass depletion of natural resources, eutrophication, and climatic catastrophes. Within this framework, the discourse surrounding strategic planning centers on institutional positioning and economic prospects, with the incorporation of alternative energy resources serving as a significant metric of economic advancement, as underscored by the COP26 objectives. This research examines the correlation between the quality of institutions and environmental quality, as measured by carbon emissions. A fixed effect regression methodology was utilized to estimate the relationship, utilizing panel data from the South Asian Association for Regional Cooperation economies covering the period from 1990 to 2021. The results show that if there is a 1% increase in the government regulatory quality and renewable energy, carbon emissions decrease by −0.102% and −1.125%, respectively, underscores institutions’ significance in advancing sustainable growth policies within the South Asian Association for Regional Cooperation region. Moreover, if there is a 1% increase in political instability, inbound foreign direct investment, and economic growth, carbon emissions increase by 0.199%, 0.042%, and 0.129%, respectively, suggesting the presence of rent-seeking conduct and pollution haven hypothesis, adversely affecting the ecological system. The study offers significant perspectives for policymakers who aim to foster sustainable regional development.

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Türkiye'de Yapısal Değişim, Ticari Açıklık, Yenilenebilir Enerji ve Ekonomik Büyüme Bağlantısı, 1970-2020

NAS,

ARICIOĞLU

2023

Akademik Araştırmalar Ve Çalışmalar Dergisi (AKAD)

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Purpose: This paper aims to investigate the effects of structural change, trade openness, and renewable energy on economic growth in Türkiye. Design/Methodology: Structural change is defined as the shift of resources from the agricultural sector to the industrial sector and then to the services sector. In the structural change process, it is accepted that the manufacturing industry is the engine of growth. However, since the mid-1970s, especially in the post-1980 period, the manufacturing industry has lost its importance. In addition, trade liberalisation and energy policies came to the fore in this process. In this context, this paper analyses the determinants of economic growth within the framework of the structuralist approach. For this, we apply the ARDL bounds test approach and apply FMOLS, DOLS, and CCR for robustness check. Findings: According to the ARDL bounds test results, the manufacturing industry, renewable energy, and trade openness affect economic growth positively; however, the coefficient of renewable energy is statistically insignificant. The results of the robustness check (FMOLS, DOLS, and CCR) also confirm these findings. The effect of the manufacturing industry on economic growth is greater than that of other variables. Limitations: To analyse the impact of structural change on economic growth in the Türkiye, the study is limited to the period 1970-2020. Originality/Value: The originality of our paper is that it analyses the impact of structural transformation (such as the manufacturing industry, trade openness, and renewable energy) on long-run economic growth in Türkiye.

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Globalisation and Output Growth Nexus in Sub-Saharan Africa: the Critical Role of Trade Liberalisation

Cited by 3 publications

References 50 publications

Socio-economic governance and economic growth in Nigeria

Socio-economic governance and economic growth in Nigeria

Do regulatory affairs, political stability, and renewable energy demand improve environmental quality? Perceptive from the South Asian Association for Regional Cooperation region

Türkiye'de Yapısal Değişim, Ticari Açıklık, Yenilenebilir Enerji ve Ekonomik Büyüme Bağlantısı, 1970-2020

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