The purpose of this paper is to examine the role of information managers and libraries in accomplishing Nigeria's sustainable development goals in the 21st Century. The paper explored the notion of sustainable development, examines the 17 Sustainable Development Goals (SDGs) including their respective targets. It identifies and discusses the role of libraries and information managers (librarians) in achieving SDGs, as well as the philosophy of information theory of communication as proposed by Claude Shannon (1948). Libraries all over the world offer a variety of products and services that support the accomplishment of all 17 SDGs. Libraries are secure, friendly spaces at the heart of communities, fostering reading and providing free access to information. Libraries are vital instruments in society, and they play a critical role in accomplishing long-term development goals. Citizens must be well informed if Nigeria's sustainable development goals are to be met and sustained. This can be accomplished by selecting, processing, organizing, and disseminating information based on the parameter of development as indicated in the Sustainable Development Goals (SDGs), and organizing training programs or forums where issues such education, environmental, climate change, gender inequality and health issues can be discussed, and so on.
{"title":"Information Managers as Change Agents in achieving Sustainable Development in the 21st Century","authors":"Bakare, Oluwabunmi.D., Nosakhare Okuonghae","doi":"10.56556/jescae.v1i2.97","DOIUrl":"https://doi.org/10.56556/jescae.v1i2.97","url":null,"abstract":"The purpose of this paper is to examine the role of information managers and libraries in accomplishing Nigeria's sustainable development goals in the 21st Century. The paper explored the notion of sustainable development, examines the 17 Sustainable Development Goals (SDGs) including their respective targets. It identifies and discusses the role of libraries and information managers (librarians) in achieving SDGs, as well as the philosophy of information theory of communication as proposed by Claude Shannon (1948). Libraries all over the world offer a variety of products and services that support the accomplishment of all 17 SDGs. Libraries are secure, friendly spaces at the heart of communities, fostering reading and providing free access to information. Libraries are vital instruments in society, and they play a critical role in accomplishing long-term development goals. Citizens must be well informed if Nigeria's sustainable development goals are to be met and sustained. This can be accomplished by selecting, processing, organizing, and disseminating information based on the parameter of development as indicated in the Sustainable Development Goals (SDGs), and organizing training programs or forums where issues such education, environmental, climate change, gender inequality and health issues can be discussed, and so on.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88448645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This editorial reviews the potential short- and long-term macroeconomic impacts of the Covid-19 pandemic according to the data announced in Jordan, Provides evidence of certain of these impacts in the coming days, and the economic repercussions. Since Jordanian economic growth was slow before the Covid-19 outbreaks, the economic contraction could be serious, and the government intervention would necessitate a cautious weighing of priorities and goals. Given that resources are limited, strategies that better handle the short-run crisis while yielding substantial long-run gains should be seriously considered. The economic effects of the COVID-19 have been highlighted in this study and emphasized policy options to reduce its effects. The study comes to the conclusion that monetary, macroprudential, and fiscal policy can help mitigate the effects of the COVID-19.
{"title":"COVID-19 Pandemic: Macroeconomic Impacts and Understanding its Implications for Jordan","authors":"Omar Al_kasasbeh","doi":"10.56556/jescae.v1i2.41","DOIUrl":"https://doi.org/10.56556/jescae.v1i2.41","url":null,"abstract":"This editorial reviews the potential short- and long-term macroeconomic impacts of the Covid-19 pandemic according to the data announced in Jordan, Provides evidence of certain of these impacts in the coming days, and the economic repercussions. Since Jordanian economic growth was slow before the Covid-19 outbreaks, the economic contraction could be serious, and the government intervention would necessitate a cautious weighing of priorities and goals. Given that resources are limited, strategies that better handle the short-run crisis while yielding substantial long-run gains should be seriously considered. The economic effects of the COVID-19 have been highlighted in this study and emphasized policy options to reduce its effects. The study comes to the conclusion that monetary, macroprudential, and fiscal policy can help mitigate the effects of the COVID-19.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78253667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The temporal variability of rainfall in Quirino Province was analyzed through the use of rainfall data of seven (7) rain gauges within the neighboring provinces like Nueva Vizcaya and Aurora. The length of record analyzed from 1997 to 2016. In this study, rainfall frequency analysis and consistency of rainfall data from the different stations through the use of double mass curve analysis was performed and analyzed. The annual series was used to screen each station’s annual rainfall data while the province’s average Thiessen rainfall was screened using maximum period series process. It was found out that all the data of the seven (7) rainfall stations were consistent. To attain allowable error in estimation of 10%, 5% and 1% for the mean annual rainfall the number of rain gauge station needed in the province should be 18, 72 and 1799, respectively.
{"title":"Analysis of Rainfall Variability in the Province of Quirino","authors":"Mar Heisen A. Yanos","doi":"10.56556/jescae.v1i2.20","DOIUrl":"https://doi.org/10.56556/jescae.v1i2.20","url":null,"abstract":"The temporal variability of rainfall in Quirino Province was analyzed through the use of rainfall data of seven (7) rain gauges within the neighboring provinces like Nueva Vizcaya and Aurora. The length of record analyzed from 1997 to 2016. In this study, rainfall frequency analysis and consistency of rainfall data from the different stations through the use of double mass curve analysis was performed and analyzed. The annual series was used to screen each station’s annual rainfall data while the province’s average Thiessen rainfall was screened using maximum period series process. It was found out that all the data of the seven (7) rainfall stations were consistent. To attain allowable error in estimation of 10%, 5% and 1% for the mean annual rainfall the number of rain gauge station needed in the province should be 18, 72 and 1799, respectively.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89181980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Apparently, throughout human history, pollution and the economy appear to have been inextricably linked. However, the relationship between environmental harm and economic development is complex, and disciplinary biases have splintered our understanding of it. This study applies Johansen cointegration which indicate that there exists a long-term relationship between air pollutants and economic growth. Multiple regression model indicates that there is a significant relationship between air pollution variables and the economic growth. The vector autoregressive model (Var) indicates a short run relationship between the variables. Then, Vector error correction model was fitted and the Environmental Kuznets Curve (EKC) is supported. More so, the EKC shows that economic growth has both positive and negative significant impact on air pollution. Meanwhile, Granger causality test shows that economic growth has causal effect on air pollution. This indicates that Jordan has reduced CO2 emissions along with other pollutants and thereby contributed to environmental improvement in the country.
{"title":"Dynamic relationship between Air pollution and Economic growth in Jordan: An Empirical Analysis","authors":"S. Adebanjo, Twahil Hemed Shakiru","doi":"10.56556/jescae.v1i2.17","DOIUrl":"https://doi.org/10.56556/jescae.v1i2.17","url":null,"abstract":"Apparently, throughout human history, pollution and the economy appear to have been inextricably linked. However, the relationship between environmental harm and economic development is complex, and disciplinary biases have splintered our understanding of it. This study applies Johansen cointegration which indicate that there exists a long-term relationship between air pollutants and economic growth. Multiple regression model indicates that there is a significant relationship between air pollution variables and the economic growth. The vector autoregressive model (Var) indicates a short run relationship between the variables. Then, Vector error correction model was fitted and the Environmental Kuznets Curve (EKC) is supported. More so, the EKC shows that economic growth has both positive and negative significant impact on air pollution. Meanwhile, Granger causality test shows that economic growth has causal effect on air pollution. This indicates that Jordan has reduced CO2 emissions along with other pollutants and thereby contributed to environmental improvement in the country.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"55 2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86405438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines of impact on Organizational sustainable growth (firm performance) of Corporate Social responsibility, Leverage on Assets, firm age and firm. This study used sample data of 296 Pakistan stock exchange-listed firms and applied correlation, Ordinary least square regression model for estimate factor impact, and Robustness use for the result is reliable and sustainable. This study used Sustainable Corporate Social responsibility (independent variable), leverage on Assets (moderator variable), firm age and firm size (control variable) and Correlation, Ordinary least square regression model that confirmed their variables, i.e. Corporate Social responsibility, Leverage on Assets, firm age and firm size highly impacting on sustainable organizational growth (firm performance). Robustness test results also confirm the reliability, validity and sustainability of results. That shows results are highly significant reliable, and sustainable. Sustainable Corporate Social responsibility is the leading factor that enhances the firm performance. Firm size and age are significant for sustainable organizational growth (firm performance). This study implication is very significant; policymakers more focus on Sustainable Corporate Social responsibility and corporate commitments. Study recommended to firms; developed a sustainable environmental structure: Enhancing the employee's motivation (self-efficacy), performance per-motion bonuses, employee's need and Corporate Social responsibility leads to sustainable organizational growth (firm performance).
{"title":"Corporate Social Responsibility impacts sustainable organizational growth (firm performance): An empirical analysis of Pakistan stock exchange-listed firms","authors":"Muhammad Naveed Jamil, A. Rasheed, Z. Mukhtar","doi":"10.56556/jescae.v1i2.16","DOIUrl":"https://doi.org/10.56556/jescae.v1i2.16","url":null,"abstract":"This study examines of impact on Organizational sustainable growth (firm performance) of Corporate Social responsibility, Leverage on Assets, firm age and firm. This study used sample data of 296 Pakistan stock exchange-listed firms and applied correlation, Ordinary least square regression model for estimate factor impact, and Robustness use for the result is reliable and sustainable. This study used Sustainable Corporate Social responsibility (independent variable), leverage on Assets (moderator variable), firm age and firm size (control variable) and Correlation, Ordinary least square regression model that confirmed their variables, i.e. Corporate Social responsibility, Leverage on Assets, firm age and firm size highly impacting on sustainable organizational growth (firm performance). Robustness test results also confirm the reliability, validity and sustainability of results. That shows results are highly significant reliable, and sustainable. Sustainable Corporate Social responsibility is the leading factor that enhances the firm performance. Firm size and age are significant for sustainable organizational growth (firm performance). This study implication is very significant; policymakers more focus on Sustainable Corporate Social responsibility and corporate commitments. Study recommended to firms; developed a sustainable environmental structure: Enhancing the employee's motivation (self-efficacy), performance per-motion bonuses, employee's need and Corporate Social responsibility leads to sustainable organizational growth (firm performance). ","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"51 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78306224","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research focuses on Natural Resource Depletion in Sub-Saharan Africa, as well as ways to overcome it, with a particular focus on the role of transparency in Sub-Saharan Africa (SSA). The transparency initiative is a global initiative aimed at eradicating corruption, ensuring accountability, and assisting participating countries in developing quality budgets that will ensure a good standard of living for their citizens now and in the future. Hausman test was applied and a fixed panel regression model was specified which reveals that there is a significant relationship between GDP per capita, inflation, the EITI dummy, and the transparency indicator is established using a panel regression model. The results show that the model fits the data well and can be used to forecast future economic growth in SSA countries that participate in the EITI scheme. The fixed-effect model also shows that the Transparency indicators such as voice and accountability, and corruption have a positive significant impact on the economic growth of the 10 SSA countries under consideration, indicating that transparency is a critical factor in determining good economic performance. Meanwhile, diagnostic tests such as normality test was performed, with satisfactory results, indicating that the model is very robust and reliable. Meanwhile, inflation have positive significant impact while natural resources show a negative significant influence on the economic growth of all the 10 Sub-Saharan Africa (SSA) in the EITI scheme which can be attributed to the natural economic depletion. Then, using correlation analysis, it was discovered that there is a strong link between transparency indicators (voice and accountability, corruption as well as quality of budget, and fiscal management) and economic growth. This suggests that the greater the transparency, the more natural resource constraints will be overcome, and SSA countries participating in the EITI scheme will achieve greater economic performance.
{"title":"Transparency and Global Initiatives in the Face of Natural Resource Depletion in Sub-Saharan Africa","authors":"S. Adebanjo, Olugbode Morufu Adeoye","doi":"10.56556/jescae.v1i2.13","DOIUrl":"https://doi.org/10.56556/jescae.v1i2.13","url":null,"abstract":"This research focuses on Natural Resource Depletion in Sub-Saharan Africa, as well as ways to overcome it, with a particular focus on the role of transparency in Sub-Saharan Africa (SSA). The transparency initiative is a global initiative aimed at eradicating corruption, ensuring accountability, and assisting participating countries in developing quality budgets that will ensure a good standard of living for their citizens now and in the future. Hausman test was applied and a fixed panel regression model was specified which reveals that there is a significant relationship between GDP per capita, inflation, the EITI dummy, and the transparency indicator is established using a panel regression model. The results show that the model fits the data well and can be used to forecast future economic growth in SSA countries that participate in the EITI scheme. The fixed-effect model also shows that the Transparency indicators such as voice and accountability, and corruption have a positive significant impact on the economic growth of the 10 SSA countries under consideration, indicating that transparency is a critical factor in determining good economic performance. Meanwhile, diagnostic tests such as normality test was performed, with satisfactory results, indicating that the model is very robust and reliable. Meanwhile, inflation have positive significant impact while natural resources show a negative significant influence on the economic growth of all the 10 Sub-Saharan Africa (SSA) in the EITI scheme which can be attributed to the natural economic depletion. Then, using correlation analysis, it was discovered that there is a strong link between transparency indicators (voice and accountability, corruption as well as quality of budget, and fiscal management) and economic growth. This suggests that the greater the transparency, the more natural resource constraints will be overcome, and SSA countries participating in the EITI scheme will achieve greater economic performance.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81340384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Energy is a very important and key factor for developing countries like China, India, and Pakistan have a growth rate of population is very high. In today's changing world scenario of Petroleum price high, that increasing the gap between demand and supply of energy in the World. Energy shortage is a test case for governments due to the high demand for energy due to rising commercial need, consumption, and industrialization. Current economic and energy crisis scenarios force me to work on those issues. An objective of the study is to test the long-run connection between energy consumption and economic progress from 1971 to 2021. This study adopts the Unit Root Test for stationary, Cointegrating equation and Vector Error Correction used for short-run/long-run relationship; Granger Causality test used for find-out the causal association, and Ordinary least square to examine the impact between energy sources and economic progress. The study result shows Oil, Gas and Electricity are equally important short run/long run, while the Coal log-run is more than in the short-run. The energy consumption to economic growth has a unidirectional causality, indicating energy is a factor that affects country growth. Regression results also confirm that energy significance on top for economic growth, Energy Sources; Gas and Electricity were useful but energy source Oil getting more attention in past decades. Currently, high-cost sources of energy, i.e. up Oil prices, this study suggest the alternate energy source nuclear, wind and solar to ensure low-cost energy generation to economic growth.
{"title":"Critical Analysis of Energy Consumption and Its Impact on Countries Economic Growth: An empirical analysis base on Countries income level","authors":"Muhammad Naveed Jamil","doi":"10.56556/jescae.v1i2.11","DOIUrl":"https://doi.org/10.56556/jescae.v1i2.11","url":null,"abstract":"Energy is a very important and key factor for developing countries like China, India, and Pakistan have a growth rate of population is very high. In today's changing world scenario of Petroleum price high, that increasing the gap between demand and supply of energy in the World. Energy shortage is a test case for governments due to the high demand for energy due to rising commercial need, consumption, and industrialization. Current economic and energy crisis scenarios force me to work on those issues. An objective of the study is to test the long-run connection between energy consumption and economic progress from 1971 to 2021. This study adopts the Unit Root Test for stationary, Cointegrating equation and Vector Error Correction used for short-run/long-run relationship; Granger Causality test used for find-out the causal association, and Ordinary least square to examine the impact between energy sources and economic progress. The study result shows Oil, Gas and Electricity are equally important short run/long run, while the Coal log-run is more than in the short-run. The energy consumption to economic growth has a unidirectional causality, indicating energy is a factor that affects country growth. Regression results also confirm that energy significance on top for economic growth, Energy Sources; Gas and Electricity were useful but energy source Oil getting more attention in past decades. Currently, high-cost sources of energy, i.e. up Oil prices, this study suggest the alternate energy source nuclear, wind and solar to ensure low-cost energy generation to economic growth.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74547616","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Onah Vitalis Chukwuma, J. Ugwu, Dada Stephen Babalola
The purpose of this paper is to demonstrate how forensic accounting may be used to predict the financial performance and growth of MTN mobile communication in Nigeria in the future. To emphasize the importance of fraud reporting, fraud prevention, and litigation as forensic accounting instruments, it is necessary to address the issue of financial performance growth in every consistent manner for any company in Nigeria to avoid a collapse in financial performance. The ordinary least square (OLS) regression model was used in this paper, and the results show that the model is statistically significant, indicating that there is a significant relationship between forensic accounting instruments and growth in financial performance. According to the coefficient of determination (R-squared), forensic accounting indicators can explain approximately 73 per cent of the variation in financial performance growth. This indicates that the fitted model is adequate for predicting the growth of financial performance in the future. A long-term relationship exists between forensic accounting and the financial performance growth of MTN mobile communication in Nigeria, according to the results of the Johansen cointegration test, which was conducted recently. Furthermore, if fraud is not controlled, it has the potential to devastate the financial performance of telecommunication companies. The regression analysis conducted for this paper reveals that the number of fraud cases reported and the rate of fraud prevention, both of which are forensic accounting indicators, are statistically significant and have a positive significant impact on financial performance growth. Therefore, MTN and other telecommunication companies must put in place a policy within their respective organizations that will continuously fund the cost of forensic accounting so that they can maintain a sustainable level of financial performance growth.
{"title":"Application of forensic accounting in predicting the financial performance growth of MTN mobile communication in Nigeria.","authors":"Onah Vitalis Chukwuma, J. Ugwu, Dada Stephen Babalola","doi":"10.56556/jescae.v1i1.86","DOIUrl":"https://doi.org/10.56556/jescae.v1i1.86","url":null,"abstract":"The purpose of this paper is to demonstrate how forensic accounting may be used to predict the financial performance and growth of MTN mobile communication in Nigeria in the future. To emphasize the importance of fraud reporting, fraud prevention, and litigation as forensic accounting instruments, it is necessary to address the issue of financial performance growth in every consistent manner for any company in Nigeria to avoid a collapse in financial performance. The ordinary least square (OLS) regression model was used in this paper, and the results show that the model is statistically significant, indicating that there is a significant relationship between forensic accounting instruments and growth in financial performance. According to the coefficient of determination (R-squared), forensic accounting indicators can explain approximately 73 per cent of the variation in financial performance growth. This indicates that the fitted model is adequate for predicting the growth of financial performance in the future. A long-term relationship exists between forensic accounting and the financial performance growth of MTN mobile communication in Nigeria, according to the results of the Johansen cointegration test, which was conducted recently. Furthermore, if fraud is not controlled, it has the potential to devastate the financial performance of telecommunication companies. The regression analysis conducted for this paper reveals that the number of fraud cases reported and the rate of fraud prevention, both of which are forensic accounting indicators, are statistically significant and have a positive significant impact on financial performance growth. Therefore, MTN and other telecommunication companies must put in place a policy within their respective organizations that will continuously fund the cost of forensic accounting so that they can maintain a sustainable level of financial performance growth.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"9 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72462773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines the effect of trade openness and financial development on economic growth four South Asian countries for the period of 1980-2017 using static and dynamic models. The results indicates that stock market development positively effect economic growth. The results validate that all three proxies of stock market perform a significant and positive role in augmenting economic growth in the sample countries. Trade openness, inflation and real interest rate significantly reduce economic growth while saving rise economic growth. The findings of this study have important policy implication for the sample countries regarding rising stock market in order to strengthen economic growth.
{"title":"The relationship between trade openness, financial development and economic growth: Evidence from Generalized method of moments","authors":"Robeena, Sumaira","doi":"10.56556/jescae.v1i1.15","DOIUrl":"https://doi.org/10.56556/jescae.v1i1.15","url":null,"abstract":"This study examines the effect of trade openness and financial development on economic growth four South Asian countries for the period of 1980-2017 using static and dynamic models. The results indicates that stock market development positively effect economic growth. The results validate that all three proxies of stock market perform a significant and positive role in augmenting economic growth in the sample countries. Trade openness, inflation and real interest rate significantly reduce economic growth while saving rise economic growth. The findings of this study have important policy implication for the sample countries regarding rising stock market in order to strengthen economic growth.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87202075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study explores the contribution of banking sector development to economic growth for a sample of four south Asian countries namely, Sri Lanka, Bangladesh, Pakistan and India. The study employed Fixed Effect (FE), Difference GMM and System GMM models to the data set for the period of 1980 -2017. The findings of the study indicates that bank based financial development index constructed of private sector credit, board money(M2) and domestic credit provided by banks affect economic growth significantly and positively almost in all models. The result approves that bank based financial development contribute to economic growth and augment growth level in the sample countries. The findings conclude that bank based financial development is important in boosting economic growth and suggests sampled countries of this study government’s channels and regulatory authority on further improvement on banking system in order to achieve higher economic growth.
{"title":"Banking sector development and Economic growth in south Asian countries: Dynamic Panel data analysis","authors":"Sumaira, Robeen Bibi","doi":"10.56556/jescae.v1i1.10","DOIUrl":"https://doi.org/10.56556/jescae.v1i1.10","url":null,"abstract":"This study explores the contribution of banking sector development to economic growth for a sample of four south Asian countries namely, Sri Lanka, Bangladesh, Pakistan and India. The study employed Fixed Effect (FE), Difference GMM and System GMM models to the data set for the period of 1980 -2017. The findings of the study indicates that bank based financial development index constructed of private sector credit, board money(M2) and domestic credit provided by banks affect economic growth significantly and positively almost in all models. The result approves that bank based financial development contribute to economic growth and augment growth level in the sample countries. The findings conclude that bank based financial development is important in boosting economic growth and suggests sampled countries of this study government’s channels and regulatory authority on further improvement on banking system in order to achieve higher economic growth.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"133 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76741080","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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