Comparative Impact of Public Expenditure on Agricultural Growth: Error Correction Model for South Africa and Zimbabwe

Timothy, M Kelly; Khazamula, Chauke Phineas; Francis, Anim; Tichaona, K. Pfumayaramba; Nelson, Raidimi Edzisani; Aluwani, Maiwashe

doi:10.1080/09709274.2015.11906880

Cited by 5 publications

(1 citation statement)

References 2 publications

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“…Moreover, governmental inefficiencies to address high inflation rates, huge sovereign debts, lack of foreign investments, domestic investment, etc., weaken the aggregate demand and thus, cause poverty in the long run (Dollar & Kraay, 2002). In addition to this, Timothy et al (2015) argue that one major challenge to poverty is the burgeoning rise in population growth. Dollar and Kraay (2002) posit that the elasticity of the poor person's income-earning is equal to 1.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Poverty Alleviation in Developing and Underdeveloped Countries. Do Foreign Capital and Economic Freedom Matter?

Han

Liu

Khan

et al. 2022

Technological and Economic Development of Economy

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Our study focuses on the role of foreign capital which includes foreign direct investment, foreign aid, and economic freedom in poverty alleviation in developing and underdeveloped countries by using panel data from 1995 to 2018 for 71 countries. In the pursuit of achieving our objective, we employed several econometric techniques such as dynamic ordinary least square, fully modified ordinary least square, dynamic fixed effect, and pooled mean group regression methods. Furthermore, we performed the Granger causality test, impulse response function, and variance decomposition analysis. In our long-run estimations, we found that foreign direct investment could significantly alleviate poverty but increases poverty in the short run. Instead, foreign aid plays no significant role in poverty alleviation. Moreover, economic growth and economic freedom are essential as our findings consistently exhibited that they play a crucial role in poverty alleviation. We also found bidirectional causality between poverty alleviation and population growth, while a unidirectional causal linkage was found from poverty alleviation to foreign aid. We conclude that policymakers should look at a new paradigm of developmental assistance, and governments should also create an aiding environment for foreign investment to support their growth plan.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Poverty Alleviation in Developing and Underdeveloped Countries. Do Foreign Capital and Economic Freedom Matter?

Han

Liu

Khan

et al. 2022

Technological and Economic Development of Economy

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show abstract

Nexus of public spending and gross domestic products (GDP) growth in the agricultural sector: Evidence from Nigerian and Malaysian agricultural sector (1976–2016)

et al. 2018

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Nigeria and Malaysia are the same level in terms of economic growth in the 1960s; Malaysia has now progress in economic growth than Nigeria. The study examines public spending in Malaysia and Nigeria and specify lessons from Malaysian growth indices for Nigeria. Secondary data used was obtained from FAOSTAT and International data center from 1976 to 2016. Simple version of endogenous growth theory model was used. Random effects model results indicated that Nigeria public-expenditure (PUEXP) and intervention variables were significant but negative, whereas enterprise-development, drivers of development (DRIVERS), and Dummy for modest PUEXP access (D 1 t) were significant but positive. Similarly, three variables were significant and positive at difference rank of significance, also Dummies D 1 t and D 2 t (macroeconomic stability) were significant in Malaysia. PUEXP and gross domestic product growth has an inverse relationship in Nigeria and direct relationship in Malaysia. Malaysia over the four decades recorded modest PUEXP and witnessed macroeconomic stability among other growth indices; these are the growth indices Nigeria must learn from Malaysia.

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Foreign capital towards SDGs 1 & 2—Ending Poverty and hunger: The role of agricultural production

Dhahri

Omri

2020

Structural Change and Economic Dynamics

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Comparative Impact of Public Expenditure on Agricultural Growth: Error Correction Model for South Africa and Zimbabwe

Cited by 5 publications

References 2 publications

Poverty Alleviation in Developing and Underdeveloped Countries. Do Foreign Capital and Economic Freedom Matter?

Poverty Alleviation in Developing and Underdeveloped Countries. Do Foreign Capital and Economic Freedom Matter?

Nexus of public spending and gross domestic products (GDP) growth in the agricultural sector: Evidence from Nigerian and Malaysian agricultural sector (1976–2016)

Foreign capital towards SDGs 1 & 2—Ending Poverty and hunger: The role of agricultural production

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