An Empirical Time Series Analysis on the Determinants of Gross National Saving in Ethiopia. ARDL Approach for Co-integration

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Publisher : GRIN Verlag
ISBN 13 : 3656762821
Total Pages : 115 pages
Book Rating : 4.6/5 (567 download)

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Book Synopsis An Empirical Time Series Analysis on the Determinants of Gross National Saving in Ethiopia. ARDL Approach for Co-integration by : Yohannes Ghebru Alemayehu

Download or read book An Empirical Time Series Analysis on the Determinants of Gross National Saving in Ethiopia. ARDL Approach for Co-integration written by Yohannes Ghebru Alemayehu and published by GRIN Verlag. This book was released on 2014-10-07 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2014 in the subject Economics - Case Scenarios, Addis Ababa University (Addis Ababa University), course: Economics, language: English, abstract: The objective of this paper was to investigate the macroeconomic determinants of gross national saving in Ethiopia using time series annual data form 1970/71-2010/11. In this study, effort has been made to identify the long run and short run determinants of national saving in Ethiopia using an ARDL bounds testing approach and ECM to capture both short run and long run relationships. Estimated results revealed that financial development (FD) and Current account deficit (CAD) are significant determinants of gross national saving in Ethiopia in the long run. But gross national disposable income (LGNDI), dependency ratio (DR), budget deficit (BD) and inflation, approximated by consumer price index (CPI), found to be statistically insignificant determinants of gross national saving in Ethiopia in the long run. However, in the short run, except consumer price index (CPI) and dependency ratio (DR) the rest of the explanatory variables such as gross national disposable income (LGNDI), financial development (FD), current account deficit (CAD) and budget deficit (BD) found to have statistically significant meaning in explaining gross national saving in Ethiopia. The speed of adjustment has value 0.66978 with negative sign, which showed the convergence of saving model towards long run equilibrium. The overall findings of the study underlined the importance of raising the level of income in a sustainable manner, minimizing the adverse impacts of budget deficit and inflation rate and creating competitive environment in the financial sector.

Determinants of Gross National Saving in Ethiopia

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Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659611681
Total Pages : 116 pages
Book Rating : 4.6/5 (116 download)

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Book Synopsis Determinants of Gross National Saving in Ethiopia by : Yohannes Ghebru Alemayehu

Download or read book Determinants of Gross National Saving in Ethiopia written by Yohannes Ghebru Alemayehu and published by LAP Lambert Academic Publishing. This book was released on 2014-09-26 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper was to investigate the macroeconomic determinants of gross national saving in Ethiopia using time series annual data form 1970/71-2010/11. Effort has been made to identify the long run and short run determinants of national saving in Ethiopia using an ARDL bounds testing approach to capture both short run and long run relationships. Estimated results revealed that financial development and Current account deficit are significant determinants of gross national saving, but gross national disposable income, dependency ratio, budget deficit and inflation found to be statistically insignificant determinants of gross national saving in Ethiopia in the long run.However, in the short run, except consumer price index and dependency ratio the rest of the explanatory variables such as gross national disposable income, financial development, current account deficit and budget deficit found to have statistically significant meaning in explaining gross national saving in Ethiopia. The speed of adjustment has value 0.66978 with negative sign, which showed the convergence of saving model towards long run equilibri

Determinants of Gross Domestic Saving in Ethiopia

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ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Determinants of Gross Domestic Saving in Ethiopia by : Kidane Badeg Mirdeto

Download or read book Determinants of Gross Domestic Saving in Ethiopia written by Kidane Badeg Mirdeto and published by . This book was released on 2018 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study conduct a time series analysis of the determinants of gross domestic saving in Ethiopia using co-integration and error correction econometric modeling, and employ data for the 1971-2009 periods collected from National bank of Ethiopia (NBE), MOFED, CSA and world bank(WB) on annual base. The study revealed that growth of per capita income have significant positive influence on domestic saving while the current per capita income level is significant and negatively related with domestic saving in the long run, but turn to insignificant in the short run model. The financial variables represented by real deposit rate and development of broad money supply do not show any impact in improving the domestic saving. Instead they showed insignificant negative coefficient which suggests the existence of under developed financial market in Ethiopia. Inflation rate exerted negative effect on saving in Ethiopia through portfolio adjustment from real money balance toward real asset. The study also showed that dependence ratio was a significant negative determinant of saving in the long run through reducing of labor supply and increase consumption of goods by unproductive group. Tax growth rate showed positive significant effect on domestic saving through its effect on government and private saving slackened. The gross domestic saving growth negatively correlated with lagged domestic saving which indicated that there was no persistence in the behavior of domestic saving in Ethiopia over time. Finally the study suggests that it is important for domestic saving to maintain sustainability of current economic growth and stabilize the economy as well as it needs due attention to improve the under developed financial markets. Further, broadening family planning service is needed in to ameliorate the effect of demographic structure on domestic saving in Ethiopia.

Macroeconomic Determinants of Economic Growth in Ethiopia. A Vector Correction Model

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Publisher : GRIN Verlag
ISBN 13 : 3346030784
Total Pages : 77 pages
Book Rating : 4.3/5 (46 download)

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Book Synopsis Macroeconomic Determinants of Economic Growth in Ethiopia. A Vector Correction Model by : Asmamaw Kassahun Agdew

Download or read book Macroeconomic Determinants of Economic Growth in Ethiopia. A Vector Correction Model written by Asmamaw Kassahun Agdew and published by GRIN Verlag. This book was released on 2019-10-07 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thesis (M.A.) from the year 2016 in the subject Economics - Case Scenarios, grade: 3.89, , language: English, abstract: The main objective of this study is to investigate the macroeconomic determinants of economic growth in Ethiopia from 1974-2014. A Vector Error Correction Model (VECM) to cointegration approach is applied in order to investigate the long run and short run relationship between real GDP and its macroeconomic determinants. The finding of the cointegration test shows that there is a stable long run relationship between real GDP, gross domestic saving, labor, human capital, export, FDI, foreign aid and external debt. The long run empirical result reveals gross domestic saving, human capital proxied by government expenditure on health and education, and labor force have positive and significant relationship with real output. However export and real GDP have positive but insignificant relationship. External debt, foreign aid and FDI have negatively significant relationship with real GDP during the study period. The short run dynamic results shows that human capital, saving and FDI have positive relationship with output growth whereas labor, export, aid and external debt have negative relationship with Real GDP. The coefficient of equilibrating error term (ECM) suggests that the speed of adjustment (feedback effect towards the long run equilibrium) takes few years for full adjustment when there is a shock in the system. In order to sustain long run growth the government or policy makers should design appropriate policies that results in the efficient use of resources contributing to economic growth and proper management of variables resulting to negative growth in order to reverse their effect on output.

Factors Affecting Gross Domestic Saving in Ethiopia

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Factors Affecting Gross Domestic Saving in Ethiopia by : Israel Yigezu

Download or read book Factors Affecting Gross Domestic Saving in Ethiopia written by Israel Yigezu and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this study is to investigate the short run and long run factors affecting gross domestic saving in Ethiopia using time series data covering the time period of 1985 to 2020. To achieve this desired objective, the study employed Johanson cointegration test to identify the existence of long run relationship between variables after data stationarity has ensured using Augumented Ducky Fuller test. The results reveal that there are up to four cointegrating equationtion in the model. The study also employed Vector Error Correction Model to identify the impacts of factors affecting gross domestic saving in Ethiopia both in short run and lang run. The results reveal that only gross domestic product, real interest rate, annual broad money growth rate and government final consumption expenditure have statistically significant effect on gross domestic saving in Ethiopia in the short run. In long run, Illicit Financial Flows, government final consumption expenditure and annual broad money growth rate have statistically significant negative impact on gross domestic saving while official development assistance, gross domestic product, real interest rate, and inflation rate have statistically significant positive effect on gross domestic saving cetries purbus. The Granger causality test results reveal that there is unidirectional causal relationship between gross domestic saving and illicit financial flows, real interest rate, annual broad money growth rate, official development assistance and inflation rate that runs from these variables to gross domestic saving except for inflation rate that runs from gross domestic saving to inflation rate. Unlike other variables, gross domestic product and government final consumption expenditure have bidirectional causal relationship with gross domestic saving in Ethiopia over the study period.

Factors Affecting Gross Domestic Saving in Ethiopia. A Vector Error Correction Model Approach

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Publisher :
ISBN 13 : 9783346742056
Total Pages : 0 pages
Book Rating : 4.7/5 (42 download)

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Book Synopsis Factors Affecting Gross Domestic Saving in Ethiopia. A Vector Error Correction Model Approach by :

Download or read book Factors Affecting Gross Domestic Saving in Ethiopia. A Vector Error Correction Model Approach written by and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Uganda

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 67 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Uganda by : International Monetary Fund. African Dept.

Download or read book Uganda written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2024-09-11 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uganda: Selected Issues

The Puzzle of Brazil's High Interest Rates

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Publisher : International Monetary Fund
ISBN 13 : 1463948263
Total Pages : 20 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis The Puzzle of Brazil's High Interest Rates by : Mr.Alex Segura-Ubiergo

Download or read book The Puzzle of Brazil's High Interest Rates written by Mr.Alex Segura-Ubiergo and published by International Monetary Fund. This book was released on 2012-02-01 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights that real interest rates in Brazil have declined substantially over time, but are still well above the average of emerging market inflation targeting regimes. The adoption of an inflation-targeting regime and better economic fundamentals (reduction in inflation volatility and improvements in the fiscal and external positions) has helped Brazil sustain significantly lower real interest rates than in the past. Going forward, the paper shows that Brazil can converge towards lower equilibrium real interest rates if domestic savings increase to the level of other emerging market countries. The effect is particularly pronounced if the increase in domestic savings is achieved through higher levels of public savings. Still, econometric results suggest that, controlling for everything else in the model, real interest rates in Brazil are about two full percentage points higher than in other countries in the sample, suggesting that there are still Brazil-specific factors that have not been captured by the empirical analysis. Some of these factors may include credit market segmentation and inflation inertia generated by still pervasive indexation practices.

The Effect of Government Expenditure on Private Investment in Ethiopia: A Time series Analysis

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Publisher : diplom.de
ISBN 13 : 3954898543
Total Pages : 106 pages
Book Rating : 4.9/5 (548 download)

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Book Synopsis The Effect of Government Expenditure on Private Investment in Ethiopia: A Time series Analysis by : Frew Hailu

Download or read book The Effect of Government Expenditure on Private Investment in Ethiopia: A Time series Analysis written by Frew Hailu and published by diplom.de. This book was released on 2015-01-01 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study attempts to investigate the effect of government expenditure on private investment in Ethiopia over the period 1980-2012. The central question of this study is weather government expenditure has a positive or crowding in effect (complementary hypothesis) or a negative or crowding out effect (the substitutability hypothesis )on private investment in Ethiopia. To achieve its objective it adopted a modified flexible accelerator model to enlighten on the economic relationship between private investment and the other variables and used the modern technique of vector auto regressive model (VAR) and vector error correction model(VECM)as its methodology. The study also used the Johansen-Juselius (1990) cointegration analysis of a multivariate system of equation to estimate the long run relationship between government expenditure and private investment to determine the order of integration of the variable and Granger-Causality test was undertaken to determine causal relationship between the variables. In addition to this the study employs the Augmented Dicky-Fuller (ADF) unit root test and phillip perron test. The statistical tests reveal that all-time series data are non-stationary in their level and they become stationary after diffrencing.i.e.they are integrated of order one I(1).The johansen-juselius cointegration test shows that the series are cointegrated and then employs the vector error correction model moreover the study applies the impulse response function (IRF)and forecast error variance decomposition (FEVD) to investigate the effect of government investment shocks on private investment. And the empirical findings support the complementary hypothesis between government capital expenditure and private investment and that tends to crowd-in private investment in Ethiopia. And the empirical finding of recurrent part of government expenditure shows a mixed effect of complementary hypothesis and substitutability hypothesis which tends to crowd-in and crowd out effect .Thus government expenditure have a positive as well as negative effect on private investment and finally the study is used CHOW test in order to know whether structural break has an effect on private investment or not and the result depict that there is a structural break that have a positive effect on private investment of Ethiopia.

The Growth Report

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Publisher : World Bank Publications
ISBN 13 : 0821374923
Total Pages : 198 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis The Growth Report by : Commission on Growth and Development

Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.

Beyond Economic Growth

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Publisher : World Bank Publications
ISBN 13 : 9780821348536
Total Pages : 176 pages
Book Rating : 4.3/5 (485 download)

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Book Synopsis Beyond Economic Growth by : Tatyana P. Soubbotina

Download or read book Beyond Economic Growth written by Tatyana P. Soubbotina and published by World Bank Publications. This book was released on 2000-01-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book, which draws on data published by the World Bank, is addressed to teachers, students, and all those interested in exploring issues of global development.

Saving for Development

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Publisher : Springer
ISBN 13 : 1349949299
Total Pages : 352 pages
Book Rating : 4.3/5 (499 download)

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Book Synopsis Saving for Development by : Inter-American Development Bank

Download or read book Saving for Development written by Inter-American Development Bank and published by Springer. This book was released on 2016-07-08 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live productive and fulfilling lives, and make the most of their retirement years. Firms must save to grow their enterprises, employ more workers in better jobs, and produce quality goods. Governments must save to build the infrastructure required by a productive economy, provide quality services to their citizens, and assure their senior citizens a dignified, worry-free retirement. In short, countries must save not for the proverbial rainy day, but for a sunny day - a time when everyone can bask in the benefits of growth, prosperity, and well-being. This book is open access under a CC BY-NC-ND 3.0 IGO license.

The Global Findex Database 2017

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Publisher : World Bank Publications
ISBN 13 : 1464812683
Total Pages : 228 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Global Findex Database 2017 by : Asli Demirguc-Kunt

Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Determinants of Household Saving in Australia

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Publisher :
ISBN 13 : 9780734014764
Total Pages : 25 pages
Book Rating : 4.0/5 (147 download)

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Book Synopsis Determinants of Household Saving in Australia by : Mark Norman Harris

Download or read book Determinants of Household Saving in Australia written by Mark Norman Harris and published by . This book was released on 1999 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Trends 2040

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Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Globalization, Growth, and Poverty

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Publisher : World Bank Publications
ISBN 13 : 9780821350485
Total Pages : 200 pages
Book Rating : 4.3/5 (54 download)

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Book Synopsis Globalization, Growth, and Poverty by : Paul Collier

Download or read book Globalization, Growth, and Poverty written by Paul Collier and published by World Bank Publications. This book was released on 2002 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization - the growing integration of economies and societies around the world, is a complex process. The focus of this research is the impact of economic integration on developing countries and especially the poor people living in these countries. Whether economic integration supports poverty reduction and how it can do so more effectively are key questions asked. The research yields 3 main findings with bearings on current policy debates about globalization. Firstly, poor countries with some 3 billion people have broken into the global market for manufactures and services, and this successful integration has generally supported poverty reduction. Secondly, inclusion both across countries and within them is important as a number of countries (pop. 2 billion) are failing as states, trading less and less, and becoming marginal to the world economy. Thirdly, standardization or homogenization is a concern - will economic integration lead to cultural or institutional homogenization?

Diagnosing Corruption in Ethiopia

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Publisher : World Bank Publications
ISBN 13 : 0821395327
Total Pages : 448 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Diagnosing Corruption in Ethiopia by : Janelle Plummer

Download or read book Diagnosing Corruption in Ethiopia written by Janelle Plummer and published by World Bank Publications. This book was released on 2012-07-06 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a study of the nature of corruption in Ethiopia. It maps eight key sectors. The diagnostics strongly suggest that, in Ethiopia, corrupt practice in the delivery of basic services is potentially much lower than other low-income countries, but that there are emerging patterns in sector level corruption.