The Government Size – Economic Growth Relationship: Nigerian Econometric Evidence Using a Vector Autoregression Model

Oriakhi, Dickson E.; Arodoye, Liberty N.

doi:10.5539/ijbm.v8n10p126

Cited by 6 publications

(6 citation statements)

References 9 publications

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“…Public expenditure contributes to capital accumulation and supports long-run economic growth (Oriakhi & Arodoye 2013). When investment is made in the rural sectors, it not only contributes to employment and wages, but also helps improving the overall economy by releasing the surplus labour and providing affordable food to urban population (Fan & Rao 2008).…”

Section: Introductionmentioning

confidence: 99%

Public expenditure on agriculture and economic growth: a case study of Meghalaya

Dkhar¹,

Kumar²

2018

Agri. Econ. Rese. Revi.

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This paper assesses the impact of government expenditure on agriculture and allied activities on economic growth (GSDP) in Meghalaya during the period 1984-85 to 2013-14. We find a significant positive impact of agricultural expenditure on crop husbandry on GSDP growth. On the other hand, the impact of public expenditure on forestry, dairy and irrigation is found out to be negative. These findings conclude that although crop husbandry happens to have a significant positive impact of economic growth, the need for strengthening its linkages with other sectors cannot be undermined given the small and declining size of landholdings in the state.

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Section: Introductionmentioning

confidence: 99%

Public expenditure on agriculture and economic growth: a case study of Meghalaya

Dkhar¹,

Kumar²

2018

Agri. Econ. Rese. Revi.

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“…I regress per capita income growth on two primary variables, a measure of bribery and a measure of the burden on economic activity imposed by the regulatory environment and an interaction term between the two primary variables. I include three control variables commonly used in similar studies, literacy rate as a proxy for human capital (Ranis et al 2000), tariff rate as a proxy for openness to international trade (Eris et al 2013), and government size (Oriakhi et al 2013) resulting in the regression equation:…”

Section: Methodsmentioning

confidence: 99%

Does Bribery Grease the Wheels of Economic Growth?

Mayo

2013

SSRN Journal

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This paper examines whether corruption can be an efficiency enhancing adaptation to poor institutional environments. Prior research on this question has not taken into account the heterogeneity of corruption or the possibility that petty bureaucratic corruption in the form of bribery may grease the wheels of an economy at the same time that grand political corruption such as diversion of state funds may sand the wheels of economic growth. By differentiating between grand and petty corruption and narrowly framing poor institutional quality as the burden of regulation on economic activity, I am able to show that bribery is not an efficiency enhancing adaptation to poor regulatory environments. To the contrary, given the specific type of corruption and institutional environment most conducive to an efficiency enhancing effect, the opposite effect was found.

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“…Finally, to create equality and justice in rural India, the government used a land reforms strategy that included the removal of intermediaries, like the Zamindars, tenancy legislation, the ceiling of land holding, and the distribution of surplus land among landless labourers and small and marginal farmers. According to Oriakhi and Arodoye (2013), public spending promotes capital accumulation and promotes long-term economic growth. When investments are made in rural areas, it enhances the economy whole by reducing labour surpluses and supplying affordable food to the urban population, in addition to creating jobs and income (Fan & Rao, 2008).…”

Section: Introductionmentioning

confidence: 99%

An Econometric Analysis of Public Expenditure and Agriculture Output: An Evidence from India

Pujari

Biradar²

2023

SDMIMD

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In the present era, the agricultural sector played a significant role in the development of the nation by creating jobs for rural people and developing of agricultural sector needed in labour-intensive nations like India. Hence, the study examined the relationship between public expenditure on agriculture and economic growth, public expenditure on agriculture and agricultural output in the context of India. Therefore, the study used the Unit root test, Cointegration test, Var, and ECM for analysis. The results show that there is no cointegration vector between public expenditure and economic growth and found that negative relationship between public expenditure and economic growth. But, the study reveals that there is a cointegration vector between public expenditure and agricultural output. Significant Error Correction term (ECt-1) indicates that 85.2 per cent of total disequilibrium in public expenditure on agriculture and agriculture output is corrected each year in India. The coefficient of the EC2t-1 term is statistically insignificant. shortrun coefficients are also insignificant, which concludes that there is no short-run causality between public Expenditure and agriculture output in any direction. One way causality exists from agriculture output to public expenditure in the long run and is supported the Wagner’s hypotheses instead of Keynesian Hypotheses in India.

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The Government Size – Economic Growth Relationship: Nigerian Econometric Evidence Using a Vector Autoregression Model

Cited by 6 publications

References 9 publications

Public expenditure on agriculture and economic growth: a case study of Meghalaya

Public expenditure on agriculture and economic growth: a case study of Meghalaya

Does Bribery Grease the Wheels of Economic Growth?

An Econometric Analysis of Public Expenditure and Agriculture Output: An Evidence from India

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