Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources...Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources are used in the economy. Higher taxes, fees, and greater regulations can stymie businesses or entire industries and the resulting impact is reflected on the country’s economy status (strong or weak). The growth rate of GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well. So it is important to study and pay more attention to country’s GDP growth rate. In this paper, an intervention analysis approach was applied to Nigeria GDP data in order to evaluate the performances of military and civilian rules in the country. Data on Nigeria GDP were collected and subjected to interrupted (intervention) time series model. Based on the Alkaike Information Criterion (AIC), Bayesian Information Criterion (BIC) and sigma<sup>2</sup> values, the interrupted time series model ARIMA (1, 1, 0) with exogenous variables (per capita per capita GDP, intervention, year and yearAfter) was identified as the best model amongst other competing models. It was observed that the intervention (civilian rule) was significant at the 10% level of significance in increasing the Nigeria GDP by 10B US$ on the average since 2005 till 2021 while controlling for the effects of other determinants. Also, the ARIMA (1, 1, 0) forecasts indicate that the Nigeria GDP will continue increasing during the civilian rule. As a result, changing from military rule to civilian rule in Nigeria significantly increased the GDP of the country.展开更多
Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources...Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources are used in the economy. Higher taxes, fees, and greater regulations can stymie businesses or entire industries and the resulting impact is reflected on the country’s economy status (strong or weak). The growth rate of GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well. So it is important to study and pay more attention to country’s GDP growth rate. In this paper, an intervention analysis approach was applied to Nigeria GDP data in order to evaluate the performances of military and civilian rules in the country. Data on Nigeria GDP were collected and subjected to interrupted (intervention) time series model. Based on the Alkaike Information Criterion (AIC), Bayesian Information Criterion (BIC) and sigma<sup>2</sup> values, the interrupted time series model ARIMA (1, 1, 0) with exogenous variables (per capita per capita GDP, intervention, year and yearAfter) was identified as the best model amongst other competing models. It was observed that the intervention (civilian rule) was significant at the 10% level of significance in increasing the Nigeria GDP by 10B US$ on the average since 2005 till 2021 while controlling for the effects of other determinants. Also, the ARIMA (1, 1, 0) forecasts indicate that the Nigeria GDP will continue increasing during the civilian rule. As a result, changing from military rule to civilian rule in Nigeria significantly increased the GDP of the country.展开更多
In the traditional method of earthquake loss estimation, all the social wealthes are classified according to their structural type and occupational use. Inventory data is collected and the total loss is estimated from...In the traditional method of earthquake loss estimation, all the social wealthes are classified according to their structural type and occupational use. Inventory data is collected and the total loss is estimated from each facility class separately. For many regions of the world, however, the vast amount of data required by this method is difficult or impossible to obtain. The traditional method is also unable to estimate quickly the loss from an unexpected disaster earthquake. It is difficult to give the necessary risk information to help the government to rescue and relief the earthquake disaster. This paper proposes a simple estimation method of earthquake loss based on macroscopic economical index of Gross Domestic Product (GDP) and population distribution data. A preliminary nonlinear relation among hazard loss, seismic intensity and social wealth was developed by means of some earthquake disaster records during 1980～1995. This method was applied to analyze several assumed earthquakes. The preliminary analysis results show that the new method is effective and reasonable for quick assessment of earthquake loss.展开更多
The speed of China’s economic development is gradually accelerating, and the demand for energy is also constantly increasing, especially the demand for coal. In order to reveal whether the coal imports have an impact...The speed of China’s economic development is gradually accelerating, and the demand for energy is also constantly increasing, especially the demand for coal. In order to reveal whether the coal imports have an impact on China’s economic development, this paper constructs the VAR(6) model by selecting the quarterly data of coal imports (CIV) and gross domestic product (GDP) from 2002 to 2017, performing ADF (Augmented Dickey-Fuller) stationarity test and Johansen cointegration test. It shows that there is a long-term stable equilibrium relationship between coal imports and GDP. Then the impulse response function is used to obtain the relationship between coal imports and GDP. It is found that the impact of coal imports on GDP is greater than the impact of GDP on coal imports.展开更多
A stock exchange is an exchange where stock brokers and traders can buy and sell shares of stock, bonds, and other securities. All listings are included in the Nigerian Stock Exchange All Shares index. In terms of mar...A stock exchange is an exchange where stock brokers and traders can buy and sell shares of stock, bonds, and other securities. All listings are included in the Nigerian Stock Exchange All Shares index. In terms of market capitalization, the Nigerian Stock Exchange is the third largest stock exchange in Africa. Objectives: The paper assesses the impact of Nigerian Stock Market (all share index, market capitalization, and number of equities) on Gross domestic product (Economic Growth). Materials and Methods: Regression analysis and ordinary least square technique were employed. Result and Discussion: The series was stationary at 1%, 5%, and 10% α level;the residuals were normally distributed but not serially correlated at 5% α level. All Share Index, Market Capitalization and Total Number of listed Equities have a joint and individual significant effect on Economic Growth (Gross Domestic Product) with Total Number of listed Equities having a negative (opposite) linear relationship with the Gross Domestic Product. The Durbin-Watson statistics (R2 = 0.9910 = 1.3686) suggest that the model is not spurious and it is devoid of positive and negative autocorrelation (DW = 1.3686 > dl = 1.07 and DW = 1.5033 ?-?du = 2.17). Therefore, it can produce meaningful result when used for forecasting a positive relationship between gross domestic product, all share index and market capitalization with a 99.1% R-square value. Significant Positive connection between all share index, market capitalization, the number of equities and gross domestic product suggests that government policies and bills aimed towards rapid development of the capital market should be initiated.展开更多
Government leaders have struggled to reduce the infection and deaths due to coronavirus disease 2019(COVID-19)as well as to keep the economy and businesses open.There is a large variation of mortality and damage to ec...Government leaders have struggled to reduce the infection and deaths due to coronavirus disease 2019(COVID-19)as well as to keep the economy and businesses open.There is a large variation of mortality and damage to economy among countries.One possible cause leading to the large variation is the manner in which countries have delt with COVID-19.Some countries or regions such as China,New Zealand,and Taiwan,acted quickly and aggressively by implementing border closures,lockdown,school closures,mass testing,etc.On the other hand,many European countries,United States,and Brazil delayed their decisions to implement these restrictions and measures.No study has assessed the correlation between gross domestic product(GDP)and COVID-19 mortality.In the present study,there was a negative correlation between GDP and COVID-19 mortality suggesting that countries that failed to control the virus(larger COVID-19 mortality)would see a larger decline in GDP.Governmental leaders should act fast and aggressively when making decisions because data shows that countries who have run after two hares have caught neither.Furthermore,citizens of each country need to do their own part by following guidelines and practicing social distancing and mask wearing,which are considered the most effective,easiest,and cheapest measures that can be taken,so that repeated lockdowns can be avoided.展开更多
With the rapid development of China’s economy,the coordinated development of resident income and GDP has become an important indicator to measure local economic development.How to realize the synergistic growth of th...With the rapid development of China’s economy,the coordinated development of resident income and GDP has become an important indicator to measure local economic development.How to realize the synergistic growth of the two in the new era is of great significance for promoting the sustainable development of the local economy.Based on the theory of the coordinated development of resident income and GDP,this paper will take Shandong Province as an example to analyze the interaction between resident income growth and GDP,find out the influencing factors that restrict the coordinated development of resident income and GDP,and explore the impact of the coordinated development of resident income and GDP on local economic development.Finally,relevant policies will be studied.How to effectively increase residents’income,promote the sustainable and healthy development of the local economy,and put forward relevant suggestions to promote the coordinated development of residents’income and GDP.展开更多
文摘Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources are used in the economy. Higher taxes, fees, and greater regulations can stymie businesses or entire industries and the resulting impact is reflected on the country’s economy status (strong or weak). The growth rate of GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well. So it is important to study and pay more attention to country’s GDP growth rate. In this paper, an intervention analysis approach was applied to Nigeria GDP data in order to evaluate the performances of military and civilian rules in the country. Data on Nigeria GDP were collected and subjected to interrupted (intervention) time series model. Based on the Alkaike Information Criterion (AIC), Bayesian Information Criterion (BIC) and sigma<sup>2</sup> values, the interrupted time series model ARIMA (1, 1, 0) with exogenous variables (per capita per capita GDP, intervention, year and yearAfter) was identified as the best model amongst other competing models. It was observed that the intervention (civilian rule) was significant at the 10% level of significance in increasing the Nigeria GDP by 10B US$ on the average since 2005 till 2021 while controlling for the effects of other determinants. Also, the ARIMA (1, 1, 0) forecasts indicate that the Nigeria GDP will continue increasing during the civilian rule. As a result, changing from military rule to civilian rule in Nigeria significantly increased the GDP of the country.
文摘Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources are used in the economy. Higher taxes, fees, and greater regulations can stymie businesses or entire industries and the resulting impact is reflected on the country’s economy status (strong or weak). The growth rate of GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well. So it is important to study and pay more attention to country’s GDP growth rate. In this paper, an intervention analysis approach was applied to Nigeria GDP data in order to evaluate the performances of military and civilian rules in the country. Data on Nigeria GDP were collected and subjected to interrupted (intervention) time series model. Based on the Alkaike Information Criterion (AIC), Bayesian Information Criterion (BIC) and sigma<sup>2</sup> values, the interrupted time series model ARIMA (1, 1, 0) with exogenous variables (per capita per capita GDP, intervention, year and yearAfter) was identified as the best model amongst other competing models. It was observed that the intervention (civilian rule) was significant at the 10% level of significance in increasing the Nigeria GDP by 10B US$ on the average since 2005 till 2021 while controlling for the effects of other determinants. Also, the ARIMA (1, 1, 0) forecasts indicate that the Nigeria GDP will continue increasing during the civilian rule. As a result, changing from military rule to civilian rule in Nigeria significantly increased the GDP of the country.
文摘In the traditional method of earthquake loss estimation, all the social wealthes are classified according to their structural type and occupational use. Inventory data is collected and the total loss is estimated from each facility class separately. For many regions of the world, however, the vast amount of data required by this method is difficult or impossible to obtain. The traditional method is also unable to estimate quickly the loss from an unexpected disaster earthquake. It is difficult to give the necessary risk information to help the government to rescue and relief the earthquake disaster. This paper proposes a simple estimation method of earthquake loss based on macroscopic economical index of Gross Domestic Product (GDP) and population distribution data. A preliminary nonlinear relation among hazard loss, seismic intensity and social wealth was developed by means of some earthquake disaster records during 1980～1995. This method was applied to analyze several assumed earthquakes. The preliminary analysis results show that the new method is effective and reasonable for quick assessment of earthquake loss.
文摘The speed of China’s economic development is gradually accelerating, and the demand for energy is also constantly increasing, especially the demand for coal. In order to reveal whether the coal imports have an impact on China’s economic development, this paper constructs the VAR(6) model by selecting the quarterly data of coal imports (CIV) and gross domestic product (GDP) from 2002 to 2017, performing ADF (Augmented Dickey-Fuller) stationarity test and Johansen cointegration test. It shows that there is a long-term stable equilibrium relationship between coal imports and GDP. Then the impulse response function is used to obtain the relationship between coal imports and GDP. It is found that the impact of coal imports on GDP is greater than the impact of GDP on coal imports.
文摘A stock exchange is an exchange where stock brokers and traders can buy and sell shares of stock, bonds, and other securities. All listings are included in the Nigerian Stock Exchange All Shares index. In terms of market capitalization, the Nigerian Stock Exchange is the third largest stock exchange in Africa. Objectives: The paper assesses the impact of Nigerian Stock Market (all share index, market capitalization, and number of equities) on Gross domestic product (Economic Growth). Materials and Methods: Regression analysis and ordinary least square technique were employed. Result and Discussion: The series was stationary at 1%, 5%, and 10% α level;the residuals were normally distributed but not serially correlated at 5% α level. All Share Index, Market Capitalization and Total Number of listed Equities have a joint and individual significant effect on Economic Growth (Gross Domestic Product) with Total Number of listed Equities having a negative (opposite) linear relationship with the Gross Domestic Product. The Durbin-Watson statistics (R2 = 0.9910 = 1.3686) suggest that the model is not spurious and it is devoid of positive and negative autocorrelation (DW = 1.3686 > dl = 1.07 and DW = 1.5033 ?-?du = 2.17). Therefore, it can produce meaningful result when used for forecasting a positive relationship between gross domestic product, all share index and market capitalization with a 99.1% R-square value. Significant Positive connection between all share index, market capitalization, the number of equities and gross domestic product suggests that government policies and bills aimed towards rapid development of the capital market should be initiated.
文摘Government leaders have struggled to reduce the infection and deaths due to coronavirus disease 2019(COVID-19)as well as to keep the economy and businesses open.There is a large variation of mortality and damage to economy among countries.One possible cause leading to the large variation is the manner in which countries have delt with COVID-19.Some countries or regions such as China,New Zealand,and Taiwan,acted quickly and aggressively by implementing border closures,lockdown,school closures,mass testing,etc.On the other hand,many European countries,United States,and Brazil delayed their decisions to implement these restrictions and measures.No study has assessed the correlation between gross domestic product(GDP)and COVID-19 mortality.In the present study,there was a negative correlation between GDP and COVID-19 mortality suggesting that countries that failed to control the virus(larger COVID-19 mortality)would see a larger decline in GDP.Governmental leaders should act fast and aggressively when making decisions because data shows that countries who have run after two hares have caught neither.Furthermore,citizens of each country need to do their own part by following guidelines and practicing social distancing and mask wearing,which are considered the most effective,easiest,and cheapest measures that can be taken,so that repeated lockdowns can be avoided.
文摘With the rapid development of China’s economy,the coordinated development of resident income and GDP has become an important indicator to measure local economic development.How to realize the synergistic growth of the two in the new era is of great significance for promoting the sustainable development of the local economy.Based on the theory of the coordinated development of resident income and GDP,this paper will take Shandong Province as an example to analyze the interaction between resident income growth and GDP,find out the influencing factors that restrict the coordinated development of resident income and GDP,and explore the impact of the coordinated development of resident income and GDP on local economic development.Finally,relevant policies will be studied.How to effectively increase residents’income,promote the sustainable and healthy development of the local economy,and put forward relevant suggestions to promote the coordinated development of residents’income and GDP.
