Global journal of Economics and Business Administration


THE IMPACT OF FEDERAL GOVERNMENT EXPENDITURES ON ECONOMIC DEVELOPMENT IN NIGERIA

Review Article of Global journal of Economics and Business Administration THE IMPACT OF FEDERAL GOVERNMENT EXPENDITURES ON ECONOMIC DEVELOPMENT IN NIGERIA Dahiru Musa, Timothy Gwami Ishaya, Sadiya A. G. Aliyu & Akyenyi Emmanule Mathew Department of Accounting and Finance, Abubakar Tafawa Balewa University The study investigated the impact of federal government expenditure on the Nigerian economic development. The main objective of the study was to ascertain whether there is a relationship between federal government expenditure and economic development in Nigeria. The study adopted Least Square estimation technique to evaluate the model specified using time series from 2010-2018. Real Gross Domestic Product was used as the dependent variable while federal government capital and recurrent expenditures were used as the independent variables. The result from the regression analysis shows that federal government capital and recurrent expenditures have a positive effect on real GDP. The data used in the analysis were gotten from Central Bank of Nigeria (CBN) statistical bulletin. The study recommended that federal government should direct more of its recurrent expenditure towards economic and community services as they accelerate economic development. The study also recommended proper management of public funds allocated to the agricultural sector and manufacturing industries as they have the potential of raising the nation’s production capacity and providing employment for citizens in the country. Keywords: Recurrent Expenditure, Capital Expenditure, Gross Domestic product, Economic development, impact ...

PEST Analysis of Development Trend in China’s Online Drug Retail Market under the “Internet Plus” Strategy

Research Article of Global journal of Economics and Business Administration PEST Analysis of Development Trend in China’s Online Drug Retail Market under the “Internet Plus” Strategy Beier Chen,Feng Chang China Pharmaceutical University Objective: to probe the current situation of the online drug retail market in China, so as to provide reference for the future development direction of the market. Method: through big data, to establish PEST model and analysis the current situation of the online drug retail market in China from the four dimensions of politics, economic, society and technology. Results and Conclusion: at present, the policy environment of China’s online drug retail market is good, the number of pharmaceutical e-commerce enterprises will continue to increase and the scale of market size will grow. Although there are still problems such as insufficient purchasing power of consumers, uneven regional development, imperfect payment method and distribution system and so on, with the continuous promotion of “Internet Plus” strategy and benign competition in the market, China’s online drug retail market will develop rapidly. With the promotion of “Internet Plus” strategy in China, relying on network technology, drug market is closely liked to e-commerce activities, and the online drug retail market has become an important form of drug sales. By collecting and analyzing big data, establishing PEST model and probing the current situation of China’s online drug retail market from four dimensions, this paper provide the direction for the future of the online drug retail market in China. Keywords: Online Drug Retail Market; Strategy ...

Dependence Structure between BRICS Countries and Developed Stock Markets: Evidence Using Wavelet and VMD Copula Approaches

Research Article of Global journal of Economics and Business Administration Dependence Structure between BRICS Countries and Developed Stock Markets: Evidence Using Wavelet and VMD Copula Approaches Muhammad Usman, Abdul Haque, Muhammad Ali Jibran Qamar COMSATS University Islamabad, Lahore Campus This paper investigates the comovement in stock prices between the three developed countries (the USA, UK and Japan) and BRICS countries. (Brazil, Russia, India, China and South Africa) using Wavelet Coherence and Variational Mode Decomposition(VMD) based copula approach for the period 2002-2018. We find that not all BRICS states co-move with developed countries. Brazil moves with the USA, both in long-run and short-run, while China has least interdependence with either of the developed countries, both in long-run and short-run. It is also found that Global Financial Crisis increased the interdependencies between developed and BRICS countries. The results of both the approaches validated each other. These findings are essential for investors to make the optimal portfolios or policymakers to make macroeconomic policies. Keywords: Co-movements, GFC 2007-08, Contagion effect, BRICS, Wavelet and Coupla ...

Econometric Analysis of Macro Influencing Factors of Housing Prices in China – Comparison of two period data based on EVIEWS

Research Article of Global journal of Economics and Business Administration Econometric Analysis of Macro Influencing Factors of Housing Prices in China - Comparison of two period data based on EVIEWS Mengmeng Su1, Zhifei Li 1,2 1School of Business, Hubei University, Wuhan 430062, China.2Tourism Development Institute, Hubei University, Wuhan 430062, China. As one of the pillar industries of the country, the real estate industry has developed rapidly under the influence of the market economy and people’s needs.The rising housing prices have brought a serious burden to the residents. The introduction of relevant regulatory policies has not significantly inhibited the high housing prices.Therefore, this paper takes the two periods of 1992-2001 and 2006-2015 as the two stages of real estate development and rapid development. The real estate price is the research object, and the relevant economic influence factors are selected from the macroscopic point of view.This paper analyzes and tests through Eviews software and establishes appropriate regression models to determine the main macro factors that affect housing prices.According to the comprehensive analysis of the results of the two-stage model, it is found that the money supply is always one of the factors of housing prices, and the influence is increasing. At the same time, the consumer price index has a great influence on the housing prices in 1992-2001. However, in 2006-2015 this factor was relatively reduced or even not.Finally, this paper proposes relevant policy recommendations for housing prices regulation through analysis results. Keywords: Housing Prices; Macro Influencing Factors; Meteorological Analysis ...

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Global journal of Economics and Business Administration

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