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Economic sector
About: Economic sector is a research topic. Over the lifetime, 14917 publications have been published within this topic receiving 250274 citations. The topic is also known as: sector.
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2 citations
06 Jun 2016
TL;DR: In this article, the relationship between variables such as CO2 emissions, energy consumption, and economic growth in the past and predict their relationship in the future was studied. But the authors focused on the Iberian Peninsula, which is one of the European regions most affected by climate change (European Environmental Agency), and the peculiarity of these two countries (Portugal and Spain) in the integration of the electricity market and on the similarity of energy and environmental policies adopted in both, it is relevant to study the relationship.
Abstract: The Iberian Peninsula is one of the European regions most affected by climate change (European Environmental Agency). Given the peculiarity of these two countries (Portugal and Spain) in the integration of the electricity market and on the similarity of energy and environmental policies adopted in both, it is relevant to study the relationship between variables such as CO2 emissions, energy consumption, and economic growth in the past and predict their relationship in the future. Panel VAR was implemented, including forecast error variance decomposition and impulse response functions, using data from 1975 to 2012 for selected economic sectors. It was noticed that as CO2 decreases, energy consumption decreases in the short-run, but economic activity increases, may be due to the mix of fossil fuels used in economic activity. Reducing energy consumption changes CO2 emissions with simultaneous change in technology used in energy resources. Results also reveal differences among the two countries.
2 citations
TL;DR: The impact of the National Economic Empowerment and Development Strategy (NEEDS) on the private sector by looking at the contribution the power sector had made in realizing the goal of making private enterprise the engine of growth in Nigeria was examined in this article.
Abstract: The paper examines the impact of the National Economic Empowerment and Development Strategy (NEEDS) on the private sector by looking at the contribution the power sector had made in realizing the goal of making private enterprise the engine of growth in Nigeria. NEEDS reform is to transform the power sector into one led by the private sector, with the role of government restricted primarily in policy formulation and establishment of an appropriate legal and regulatory framework. The paper discusses among many things: a n overview of power supply in Nigeria; the effect of power sector on private sectors; challenges of the sector; as well as the ways forward. The paper concludes that t here is need to put concerted effort to generate adequate power supply to enable the private sector thrives and serves as engine of growth in Nigeria.
2 citations
TL;DR: In this article, the authors employed co-integration techniques to achieve this purpose using time series data sourced from CBN bulletin from 1980-2012, and found that capital market measures had statistically insignificant impact on agricultural output long run.
Abstract: The capital market performs many roles that are critical for the growth and development of an economy. Such roles include liquefying the economy, efficient allocation of resources, pooling of savings and reducing risk etc. There is paucity of capital in developing countries like Nigeria, thus the need to enhance the capital market. Despite the increased activities in the capital market, the real sectors of the economy are not feeling the impacts of these activities. The study was aimed at finding out whether the capital market has growth-inducing impact on the agriculture sector. The study employed co-integration techniques to achieve this purpose using time series data sourced from CBN bulletin from 1980-2012. The study found that capital market measures had statistically insignificant impact on agricultural output long run. This implies that despite the expanded activities in the Nigerian capital market over the years, there has not been any remarkable impact on the real sectors of the economy. On the basis of these findings some of these recommendations were proffered: removal of the impediments to the growth of agricultural sector; reduce the cost of doing business in Nigeria; there should be transparency in policy formulation and implementation etc.
2 citations
01 Jan 1991
TL;DR: The philosophy of privatization stems from the role of state in economic life as discussed by the authors and the thinking of the international financial institutions and free market economists is that the state should confine itself to regulation only and the operation and ownership of industrial enterprises and utilities should be left to the private sector.
Abstract: The philosophy of privatization stems from the role of state in economic life. The thinking of the international financial institutions and free market economists is that, as in USA, the state should confine itself to regulation only and the operation and ownership of industrial enterprises and utilities should be left to the private sector. However, there is an opposite view expressed by a distinguished economic historian, Gershenkron, in his seminal article “Economic Backwardness in Historical Perspective 1 ”. Gerschenkron’ s argument is that in those states which start late in the race of development, the public sector has to play a vital role in accelerating the pace of economic growth. As is in developing countries, the private sector is shy, inexperienced and not equipped to embark on rapid industrialization. Pakistan alongwith other developing countries followed the activist role for the state in industrialization and the rate of industrial growth in Pakistan has been very high.
2 citations