Impact of Export Diversification on Economic Growth in Nigeria
Isiwu George Duhu
Page Numbers : 18-28
DOI : 10.36348/sjef.2022.v06i01.004
The main objective of this study is to examine the impact of export diversification on economic growth in Nigeria. Annual time series data on GDP per capita, Theil export diversification index, gross fixed capital formation (for domestic investment), exchange rate and openness of the economy were the variables collected for the analysis for the period 1980-2017. Dummy variable for democracy was also constructed to test for the impact of governance on economic growth in Nigeria. To estimate the data, Autoregressive Distributed lag model, applying bounds test was adopted. The empirical results show that export diversification has positive but insignificant impact on economic growth in Nigeria both in the short run and long run. Similarly, domestic investment has positive impact on economic growth both in the short run and long run. However, its impact is significant only in the short run. Exchange rate has negative impact on economic growth in the short run but its impact in the long run is positive, showing instability in the exchange rate movements in Nigeria. Openness of the economy has negative impact on economic growth both in the short run and long run. However, its impact is significant only in the long run. Democracy dummy has positive but insignificant impact on economic growth both in the e short run and long run. Based on the findings,, it is recommended that the earnings from the oil sector should be channeled to the development of non-oil sectors such as agriculture and manufacturing in order to diversify the export base of the economy.
Original Research Article
Jan. 19, 2022
Escalation of Investment Decision Commitment on Micro, Small, and Medium Enterprises (MSMEs) Bandeng Presto in Semarang
Nurchayati, Parju
Page Numbers : 11-17
DOI : 10.36348/sjef.2022.v06i01.003
MSME entrepreneurs in running a business are likely to face risks, so that the expected results are not appropriate and the business suffers big losses and even goes bankrupt. MSME entrepreneurs who choose to stick to this commitment are the beginning, which is called the phenomenon of commitment escalation. The method used in this research is qualitative method. The qualitative method was chosen because the research will explore human behavior (that is, why MSME entrepreneurs maintain the experience of experiencing losses), and find motives that are committed to conducting in-depth interviews. The results showed that the increase in MSME commitment was due to several factors such as personal responsibility in the initial business, excessive trust supported by extensive experience, self-esteem (avoiding being considered incompetent) and to protect reputation.
Review Article
Jan. 10, 2022
Takaful and Micro Takaful: A Key Factor of Reduction of Poverty and Undernourishment
Sawssen Nafti
Page Numbers : 7-10
DOI : 10.36348/sjef.2022.v06i01.002
This paper examines the relationship between Takaful, micro Takaful and reduction of poverty and undernourishement. Our analysis is based on a theoretical study aimed to know if Takaful is a good solution to the poverty and undernourishment problems in Islamic economy or a simple component of islamic assurance.Our study shows that Takaful is an effective solution to the problem of poverty in islamic economy in the long term, Takaful have an important role to reducing poverty risks, Without protection against losses and natural risks or protection of their persons, their life, their property and their health, many people find themselves regularly falling back into poverty which is not only prejudicial to them but also renders development assistance ineffective in the long term. Also Takaful is a good solution to reduce undernourishement in islamic economy.
Review Article
Jan. 7, 2022
Impact of COVID-19 and Rural Health Care System: A Case Study of Nadia District in West Bengal
Debesh Bhowmik
Page Numbers : 1-6
DOI : 10.36348/sjef.2022.v06i01.001
Rural health care system is closely related with the economic growth through boosting human capital accumulation that can be able to alleviate poverty. To what extent rural health care would manage and confront with covid-19 situation in the District of Nadia under West Bengal is the central area of this article. Both the public and private medical facilities had been faced with the situation of pandemic with poor infrastructure of rural health care systems through sub-divisional hospitals, PHC, CHC, HSC and other health care units in Nadia where both success stories and failures were simultaneously evident. The state government along with NRHM must attempt to upgrade and modernize the rural health care units spending higher health expenditure and recruiting more health professionals with doctors to fight against covid-19 type of pandemic and other emergencies.
Original Research Article
Dec. 19, 2021
The Cereal Production as an Indicator of Agricultural Land Use Efficiency and Economic Growth in Central Asia: Evidence from A Generalized Method of Moments (GMM) Panel Data Analysis of the Environmental Kuznets Curve (EKC)
Bolor-Erdene Turmunkh
Page Numbers : 492-508
DOI : 10.36348/sjef.2021.v05i12.002
This study examines the Environmental Kuznets Curve (EKC) hypothesis in Central Asian countries as well as validates or invalidates the consistency of the different estimation results, using data, over the period 1992 to 2020. The study achieved this objective by employing various econometrics techniques such as Pooled Ordinary Least Squares (POLS) and Fixed-Effects Regression with Driscoll-Kraay standard errors, Panel Fully Modified Least Squares (FMOLS) Cointegrating Regression, Panel Vector Autoregression (PVAR) with Generalized Method of Moments (GMM) estimation, and Dynamic Panel-data estimation, One-Step system GMM. An empirical analysis uses the panel Unit Root tests to test the basics of the data unit based on this information. Following the best econometric practices, the descriptive statistics, Correlation matrix were computed to understand the characteristics of the variables and countries under analysis and to ensure that the necessary conditions for the estimation were fulfilled. The PVAR specification was based on the results of the Lag-order selection criteria, and the stability of the PVAR model was checked through the observation of the Instrumental variables GMM regression. The results of this study indicate that the GMM score supports the EKC hypothesis. This confirms the validity of the assumptions in the two inverse U-shaped EKC models between Gross Domestic Product (GDP) per capita in Central Asian countries and cereal production and agricultural land use. The results of this study show that the GMM assessment. That suggests that governments in Central Asia need to take the necessary initiatives to conserve agricultural land and encourage farmers to increase their arable land to meet the food needs of a growing population.
Original Research Article
Dec. 6, 2021
The Readiness of Moroccan Companies towards the Utilisation of Industry 4.0 Advanced Tools
Chaimaa Bentaher, Mohammed Rajaa
Page Numbers : 482-491
DOI : 10.36348/sjef.2021.v05i12.001
Companies in digital era face a host of challenges in order to satisfy the need for more and more customized growth and production. However, this development gives both businesses and consumers enormous opportunities. This article presents Industry 4.0's concept based on recent research and practice developments, then analyses the perceptive 4.0 perceptions of Moroccan companies, and then examines whether companies focusing on Industry 4.0 tools are more efficient in terms of productivity by building a quantitative analysis template. The results link innovation to business performance through the use of advanced 4.0 tools.
Original Research Article
Nov. 30, 2021
Determinants of the Profitability of Insurance Companies in Saudi Arabia
Mohammed Abduljalil Alshadadi, P. V. Deshmukh
Page Numbers : 476-481
DOI : 10.36348/sjef.2021.v05i11.005
The study aims to identify the determinants of profitability in Saudi insurance companies. For this purpose, the data were collected about the study variables (company size, debt ratio, loss ratio, retention ratio, investment income) as independent variables. To measure its impact on the profitability of insurance companies, expressed as return on assets (ROA) and return on equity (ROE). Using Panel Data for 25 insurance companies in Saudi Arabia during (2010-2016), the random-effects model (REM) was used to examine the relationship between the profitability of insurance companies and the independent variables. The study concluded that the profitability of insurance companies is significantly associated with the size of the insurance company, debt ratio, and the rate of actual loss. The results also showed that the volume of written premiums is the most influential variable on the profitability of insurance companies, followed by the indebtedness rate and then the actual loss.
