Role of Policy Research in the Recovery ProcessESSP1
This document summarizes the role of policy research in Ethiopia's recovery process from various crises. It outlines how policy research can identify and measure the direct and indirect costs of conflicts through data collection, counterfactual modeling, and impact simulations. It finds that conflicts led to rises in government spending and reductions in GDP, consumption, incomes, and increased poverty and inequality. Going forward, policy research can assess recovery options and address knowledge gaps around the psychosocial impacts of conflicts and their root causes. Understanding these issues is important for guiding effective policy responses and building resilience against future shocks.
Contributions to Policy Research in Support of the Reform and Recovery Proces...ESSP1
Alemayehu Seyoum Taffesse; Launch of “the Ethiopian National Dairy Development Strategy 2022–2031”
The CGIAR Initiative on National Policy and Strategies (NPS)
REDUCING CORRUPTION RISKS ASSOCIATED WITH RESPONSES TO CLIMATE CHALLENGES_En.pdfAzat Irmanov
Abstract
Environmental cataclysms, their increasing frequency and amplitude, as well as their consequences, create huge challenges for the population of all countries in the world without exception. Governments take measures to create systems of early warning, prevention, and prompt response to the challenges of natural disasters by developing and implementing targeted state programs.
However, imperfect public administration mechanisms and, primarily, corruption, pose additional risks of inefficiency, the impact of which can nullify and discredit the implementation of state programs to combat environmental disasters. Speed of decision-making and implementation takes higher priority over standards of transparency, accountability, equal access to information, responsibility, expediency, and cost-effectiveness. The protocols and procedures of operation of public organizations and officials should be developed not only taking into account anti-corruption standards, but also with high moral and ethical standards, because in crisis conditions the quality of public servants’ performance depends more on their commitment to moral and ethical ideals. Simplify the understanding of the high importance of moral and ethical characteristics of a public servant can be achieved through the use of cross-disciplinary models in relation to a particular position of an official.
Public expenditure and economic growth nexus in nigeria a time series analysisAlexander Decker
This document examines the relationship between public expenditure and economic growth in Nigeria over the last three decades from 1977 to 2006. It uses time series data and the Ram (1986) model to analyze how different types of public spending, such as on infrastructure, education, and health, impact economic growth. The empirical results found that private and public investments had an insignificant effect on economic growth during the period studied. While variables like GDP, private investment, and public spending were found to be non-stationary, they were determined to be cointegrated in the long run. Error correction modeling also showed that short-run distortions can be corrected towards the long-run equilibrium relationship over time. The main recommendation is that government spending in Nigeria should be
Impacts of natural disaster globally economics and developmentMahendra Poudel
Major natural disasters can have severe negative economic impacts both in the short and long-term through damage to assets, declines in production and GDP, unemployment, and increasing costs for businesses and governments. However, the full economic costs of disasters are often underreported globally. While direct costs include property damage and losses, indirect costs include reduced investment, productivity, and tax revenue. In the long-run, disasters can undermine development progress by diverting resources from planned investments and reducing growth. Strengthening disaster risk management is important for protecting development gains.
This study re-examines the relationship between natural disasters and economic growth using panel data from 102 countries from 1981-2015. It finds that natural disasters have diverse economic impacts across sectors depending on disaster type and intensity. The impacts are generally stronger in developing countries. The results indicate floods, droughts, storms and earthquakes have short to medium-term effects on economic growth up to 5 years after the disaster. The findings suggest developing countries should explore pre-disaster risk financing tools like insurance to protect economies and support sustainable development goals.
Promoting Climate Risk Reduction through Risk InsurancePrabhakar SVRK
Risk insurance can provide an effective means of catastrophic risk reduction and climate change adaptation in the developing countries. The ongoing discussions by the Conference of Parties to the United Nations Framework Convention on Climate Change are putting substantial efforts to promote climate change adaptation through international cooperation in the form of providing additional finances and technologies including proposals to promote a global or regional climate risk insurance facility. Case studies from within and outside the Asia-Pacific region provide valuable lessons which could be used for promoting risk insurance by the future climate regime (post-Kyoto Protocol beyond 2012). The analysis of these risk insurance proposals to the Convention and comparison of what they intend to achieve with that of the existing issues within the risk insurance sector in the developing Asia-Pacific indicate that these proposals address some of the major issues that are limiting the spread of risk insurance. However, no single proposal is comprehensive enough to address all the issues and all the proposals lack details in terms of how they can achieve what they intend to achieve. There is a need for the proposals to the Convention to give more thought on how they address the issues such as high base risks, lack of historical data required for designing risk insurance systems, limited awareness in the utility of insurance instruments, keeping the premium prices within affordable levels, encouraging the role of private sector, enabling greater access to reinsurers, and instituting enabling policies to create a proactive risk mitigation environment with an eye on sustainability. A convergence approach wherein the proposals incorporate lessons from on-the-ground experiences from regional, national and local initiatives could provide an effective model for promoting the risk insurance.
Financial deregulation bounding to credit mobilization in real sector...Donald ofoegbu
This document summarizes the decline of Nigeria's agricultural and manufacturing sectors following financial deregulation in the 1980s. It finds that deregulating the financial system had a negative long-term impact on credit allocation to the real sectors of agriculture and manufacturing. In both the short and long-run, there is evidence of credit crunch in these vital sectors as indicated by the inverse relationship between increasing deposit liabilities and credit flows to agriculture, manufacturing, and small and medium enterprises. The document examines trends in several key Nigerian agricultural crops and finds that deregulation contributed to Nigeria shifting focus to oil and importing processed goods rather than developing domestic food production and manufacturing.
Role of Policy Research in the Recovery ProcessESSP1
This document summarizes the role of policy research in Ethiopia's recovery process from various crises. It outlines how policy research can identify and measure the direct and indirect costs of conflicts through data collection, counterfactual modeling, and impact simulations. It finds that conflicts led to rises in government spending and reductions in GDP, consumption, incomes, and increased poverty and inequality. Going forward, policy research can assess recovery options and address knowledge gaps around the psychosocial impacts of conflicts and their root causes. Understanding these issues is important for guiding effective policy responses and building resilience against future shocks.
Contributions to Policy Research in Support of the Reform and Recovery Proces...ESSP1
Alemayehu Seyoum Taffesse; Launch of “the Ethiopian National Dairy Development Strategy 2022–2031”
The CGIAR Initiative on National Policy and Strategies (NPS)
REDUCING CORRUPTION RISKS ASSOCIATED WITH RESPONSES TO CLIMATE CHALLENGES_En.pdfAzat Irmanov
Abstract
Environmental cataclysms, their increasing frequency and amplitude, as well as their consequences, create huge challenges for the population of all countries in the world without exception. Governments take measures to create systems of early warning, prevention, and prompt response to the challenges of natural disasters by developing and implementing targeted state programs.
However, imperfect public administration mechanisms and, primarily, corruption, pose additional risks of inefficiency, the impact of which can nullify and discredit the implementation of state programs to combat environmental disasters. Speed of decision-making and implementation takes higher priority over standards of transparency, accountability, equal access to information, responsibility, expediency, and cost-effectiveness. The protocols and procedures of operation of public organizations and officials should be developed not only taking into account anti-corruption standards, but also with high moral and ethical standards, because in crisis conditions the quality of public servants’ performance depends more on their commitment to moral and ethical ideals. Simplify the understanding of the high importance of moral and ethical characteristics of a public servant can be achieved through the use of cross-disciplinary models in relation to a particular position of an official.
Public expenditure and economic growth nexus in nigeria a time series analysisAlexander Decker
This document examines the relationship between public expenditure and economic growth in Nigeria over the last three decades from 1977 to 2006. It uses time series data and the Ram (1986) model to analyze how different types of public spending, such as on infrastructure, education, and health, impact economic growth. The empirical results found that private and public investments had an insignificant effect on economic growth during the period studied. While variables like GDP, private investment, and public spending were found to be non-stationary, they were determined to be cointegrated in the long run. Error correction modeling also showed that short-run distortions can be corrected towards the long-run equilibrium relationship over time. The main recommendation is that government spending in Nigeria should be
Impacts of natural disaster globally economics and developmentMahendra Poudel
Major natural disasters can have severe negative economic impacts both in the short and long-term through damage to assets, declines in production and GDP, unemployment, and increasing costs for businesses and governments. However, the full economic costs of disasters are often underreported globally. While direct costs include property damage and losses, indirect costs include reduced investment, productivity, and tax revenue. In the long-run, disasters can undermine development progress by diverting resources from planned investments and reducing growth. Strengthening disaster risk management is important for protecting development gains.
This study re-examines the relationship between natural disasters and economic growth using panel data from 102 countries from 1981-2015. It finds that natural disasters have diverse economic impacts across sectors depending on disaster type and intensity. The impacts are generally stronger in developing countries. The results indicate floods, droughts, storms and earthquakes have short to medium-term effects on economic growth up to 5 years after the disaster. The findings suggest developing countries should explore pre-disaster risk financing tools like insurance to protect economies and support sustainable development goals.
Promoting Climate Risk Reduction through Risk InsurancePrabhakar SVRK
Risk insurance can provide an effective means of catastrophic risk reduction and climate change adaptation in the developing countries. The ongoing discussions by the Conference of Parties to the United Nations Framework Convention on Climate Change are putting substantial efforts to promote climate change adaptation through international cooperation in the form of providing additional finances and technologies including proposals to promote a global or regional climate risk insurance facility. Case studies from within and outside the Asia-Pacific region provide valuable lessons which could be used for promoting risk insurance by the future climate regime (post-Kyoto Protocol beyond 2012). The analysis of these risk insurance proposals to the Convention and comparison of what they intend to achieve with that of the existing issues within the risk insurance sector in the developing Asia-Pacific indicate that these proposals address some of the major issues that are limiting the spread of risk insurance. However, no single proposal is comprehensive enough to address all the issues and all the proposals lack details in terms of how they can achieve what they intend to achieve. There is a need for the proposals to the Convention to give more thought on how they address the issues such as high base risks, lack of historical data required for designing risk insurance systems, limited awareness in the utility of insurance instruments, keeping the premium prices within affordable levels, encouraging the role of private sector, enabling greater access to reinsurers, and instituting enabling policies to create a proactive risk mitigation environment with an eye on sustainability. A convergence approach wherein the proposals incorporate lessons from on-the-ground experiences from regional, national and local initiatives could provide an effective model for promoting the risk insurance.
Financial deregulation bounding to credit mobilization in real sector...Donald ofoegbu
This document summarizes the decline of Nigeria's agricultural and manufacturing sectors following financial deregulation in the 1980s. It finds that deregulating the financial system had a negative long-term impact on credit allocation to the real sectors of agriculture and manufacturing. In both the short and long-run, there is evidence of credit crunch in these vital sectors as indicated by the inverse relationship between increasing deposit liabilities and credit flows to agriculture, manufacturing, and small and medium enterprises. The document examines trends in several key Nigerian agricultural crops and finds that deregulation contributed to Nigeria shifting focus to oil and importing processed goods rather than developing domestic food production and manufacturing.
Macroeconomics deals with the aggregate output, consumption, investment, employment and prices of an entire economy. It analyzes the performance and structure of national, regional and global economies as a whole, rather than individual markets.
Three major concerns of macroeconomics are national income, inflation and unemployment. National income refers to the total value of goods and services produced in a country. Inflation is a sustained increase in price levels, while unemployment occurs when people are unable to find work.
The key measures of national income include GDP, GNP, NDP and NNP. GDP is the total value of final goods and services produced domestically in a year, while GNP includes domestic output plus income earned
The document discusses public spending and its socio-economic impacts based on a case study of diminishing marginal returns to state spending. It provides background on public spending levels historically for developed countries, rising from 8% of GDP in 1870 to over 40% currently. Developing countries initially saw increasing returns to public spending but recent studies show diminishing and sometimes negative returns. Diminishing returns refer to decreasing GDP growth rates as public spending increases beyond an optimal level, as seen in developed countries from the 1970s-2000s. Negative returns are indicated by rising unemployment despite higher education spending, as in the U.S., Canada, France and U.K. following the 2008 recession.
Analysis of Public Investment Expenditure on Economic Growth in WAEMU Countriesinventionjournals
Public investment expenditure plays an important role in the economy to produce goods and services needed for economic development. This study analyzes the influence of public investment spending on the economic growth of the WAEMU zone. The study considers a linear approach through individual fixed effects models with Beck-Katz and Driscoll-Kraay corrections, the spatial autocorrelation model (SAC) and the longterm model (DOLS). The empirical results of the study using panel data covering the period 1990-2015 indicate that public investment spending can promote economic growth in WAEMU countries when they are allocated in decreasing order to Education, health, public investment in basic road infrastructure and agriculture. However, they are also likely to slow it down when they focus on military spending, even though their primary objective is to ensure security for economic development. Finally, the study recommends that policy makers in WAEMU countries refocus their public expenditure policies in key sectors of development, notably human capital, in order to ensure a multiplier effect of public spending on economic growth and strengthen institutions Democracy to ensure their independence through their interdependence.
Analysis of Public Investment Expenditure on Economic Growth in WAEMU Countriesinventionjournals
: Public investment expenditure plays an important role in the economy to produce goods and services needed for economic development. This study analyzes the influence of public investment spending on the economic growth of the WAEMU zone. The study considers a linear approach through individual fixed effects models with Beck-Katz and Driscoll-Kraay corrections, the spatial autocorrelation model (SAC) and the longterm model (DOLS). The empirical results of the study using panel data covering the period 1990-2015 indicate that public investment spending can promote economic growth in WAEMU countries when they are allocated in decreasing order to Education, health, public investment in basic road infrastructure and agriculture. However, they are also likely to slow it down when they focus on military spending, even though their primary objective is to ensure security for economic development. Finally, the study recommends that policy makers in WAEMU countries refocus their public expenditure policies in key sectors of development, notably human capital, in order to ensure a multiplier effect of public spending on economic growth and strengthen institutions Democracy to ensure their independence through their interdependence
Government Expenditure and Economic Growth Nexus: Empirical Evidence from Nig...iosrjce
This study has examined the impact of public expenditure on economic growth in Nigeria using time
series data for the period 1970-2012. Secondary data were sourced from the CBN, NBS, journals, text books
etc. The adopted model was fitted with three variables: real GDP, capital and recurrent expenditure. The tools
of analysis were the ADF unit root test and ordinary least square multiple regression accompanied by pairwise
Granger causality test. The major objective of this study is to analyse the impact as well as direction of
causality between the fiscal variables and economic growth. All the variables included in the model are
stationary at level. Empirical findings from the study show that there is positive and insignificant relationship
between capital expenditure and economic growth while recurrent expenditure had a significant positive impact
on economic growth. Also, Granger causality test demonstrates a unidirectional causality running from the
fiscal variables to economic growth in validation of the Keynesian theory. Consequently, the study
recommended more allocation of resources for recurrent purposes as well; government should establish the
body that will monitor contract awarding process of capital projects closely, to guard against over estimation of
project cost and stealing of public funds.
Tatenda Mbadzo graduated with a Bachelors degree in Disaster Management in 2020 and is also studying for a Bachelors in Applied Technology. The Hyogo Framework for Action from 2005-2015 had five priorities: (1) make disaster risk reduction a local priority, (2) identify, assess, and monitor disaster risks and improve early warning, (3) use knowledge, innovation and education to build a culture of safety, (4) reduce underlying risk factors, and (5) strengthen disaster preparedness. However, over 700,000 people died from disasters during this time along with $1.3 trillion in economic losses. The Sendai Framework from 2015-2030 aims to substantially reduce mortality, numbers
Paul Dorosh, Bart Minten, Alemayehu Seyoum Taffesse
BOOK LAUNCH
Virtual Event - Ethiopia’s agri-food system: Past trends, present challenges, and future scenarios
SEP 22, 2020 - 08:30 AM TO 10:00 AM EDT
This document summarizes a study that investigated the impact of political environment on the business performance of multinational companies in Nigeria. The study found that political environment has a negative significant impact on business performance. Political environment refers to forces from political decisions that can alter economic outcomes. It poses risks like taxation, currency issues, and violence. The literature review discusses how an unstable political environment with risks like expropriation, domestication, and policy changes can negatively affect multinational company profits and goals.
Organizational environment and developing countriesRobius Bagoka
The organizational environment in developing countries faces much uncertainty from factors such as rapid population growth, technological changes, and political pluralism. This results in difficulties for organizations to operate effectively. Some key sources of uncertainty include economic conditions like low GDP, reliance on natural resources, and high debts. Cultural factors such as ethnic differences and customs also vary substantially. Demographic shifts like high population growth, urbanization, and an uneven distribution of people across areas introduce challenges. Finally, political instability, weak legal systems, and varying ecological conditions like droughts or floods present additional environmental uncertainties organizations in developing countries must navigate.
This document summarizes research on the fundamental roots of economic growth. It finds that historical factors like geography, culture, technology, institutions, and legal traditions substantially influence economic development across countries. Geography affects factors of production through climate and natural resources. Cultural values and practices also shape economic opportunities. The timing of technological advances and transitions to agriculture impact current living standards. Early political and economic institutions, as well as whether a country had settler or extractive colonies, influence modern institutions and growth. Legal traditions introduced by European colonists also determine private property rights and state intervention. While some research emphasizes the role of policies, most studies find policies have limited impact on growth after accounting for these fundamental historical determinants and institutional quality.
This document summarizes research on the fundamental roots of economic growth. It discusses how geographical, cultural, technological, institutional, and legal factors influence long-term economic development. The document also reviews how economic policies can impact growth, though the effects often depend on existing institutions and prerequisites. Overall, the document analyzes the theoretical and empirical literature on the determinants of cross-country differences in per capita income levels.
This document discusses the impact of crises on social programs and poverty. It notes that the current global economic crisis has led to a sharp decline in global GDP growth and industrial production in Turkey. Crises particularly hurt the poor, who have limited resources and coping abilities. An estimated 90 million more people will fall into extreme poverty by 2010 due to the crisis. The document also discusses lessons from previous crises, highlighting the need to anticipate social impacts and protect vulnerable groups from the early stages of crisis response. Effective crisis responses have been rapid, sizable, and focused on social safety nets and pro-poor policies.
The application of Adam Smith and Ricardian theories on post conflict countriesReshad Hakim
This document discusses the application of classical economic theories like those proposed by Adam Smith and David Ricardo to post-conflict countries. It outlines some key characteristics of post-conflict economies, including lack of security, high unemployment, damaged infrastructure, and weak government capacity. The document then examines some common patterns of post-conflict growth and debates whether theories based on specialization and comparative advantage can effectively be applied in these unstable environments, looking at examples like Iran and Afghanistan.
Cointegration of public sector expenditure patterns and growth of nigeriaAlexander Decker
This document discusses a study that investigates the relationship between patterns of public sector expenditure and economic growth in Nigeria from 1961-2010. The study uses econometric models like cointegration tests and vector error correction models to analyze secondary data on public administration, social, economic, and transfer expenditures collected from Nigeria's Central Bank. The results show that different types of public expenditures impact Nigeria's economic growth. Based on these findings, the study concludes that public expenditures can be an important fiscal policy tool to promote economic growth when properly allocated and managed.
The document discusses business environment and key economic concepts. It defines business environment as internal and external factors that impact a firm's functioning. The external environment includes economic, social, political, technological, and legal factors. The internal environment comprises strengths, weaknesses, resources, and culture.
It also explains key economic terms like economic systems, policies, national income accounting, and sectors of the economy. India's pre-1991 controlled economy and post-1991 liberalized market-oriented reforms are outlined. The reforms aimed to expand the private sector's scope and reduce barriers through industrial policy changes.
MEANING
MEANING
DEFINITION
CLASSIFICATION OF PUBLIC EXPENDITURE
CAUSES FOR THE GROWTH OF PUBLIC EXPENDITURE
MEANING
DEFINITION
CLASSIFICATION OF PUBLIC EXPENDITURE
CAUSES FOR THE GROWTH OF PUBLIC EXPENDITURE
Addressing Social, Health, Nutrition, and Political Shocks2020resilience
The Democratic Republic of the Congo faces an ongoing humanitarian crisis due to protracted conflict and political instability. While there was optimism during the 2003-2006 political transition, the eastern region remains unstable with ongoing violence and displacement of people. Agriculture and food security are largely neglected by the government despite high rates of malnutrition. Food imports have increased substantially while export crops receive little support. Building resilience among communities will be challenging given reliance on emergency aid and weak government institutions.
Sangokoya, Developing Out of Displacement (2010)David Sangokoya
This document summarizes a research paper exploring the variation in economic recovery rates following displacement-inducing conflicts in different countries. It begins by defining key terms and variables. It then identifies Sierra Leone and Burundi as examples of countries with strong and weak economic recovery, respectively, and examines factors like land tenure that affected their variation. The document also examines northern Uganda's experience after displacement and the role of market development in recovery. It concludes by discussing future research opportunities in better understanding recovery patterns and the impact of policies like market interventions.
1) Armed conflicts have significant negative impacts on sustainable development across its three pillars of economic, social, and environmental. They divert public funds towards military spending, discourage investment, disrupt trade and tourism, and damage infrastructure.
2) Wars have considerable psychosocial effects such as loss of history and cultural heritage. They also create additional humanitarian needs that strain limited financial resources.
3) A conference of experts found that armed conflicts negatively impact the majority of thematic areas related to sustainable development identified in the Rio+20 document. Current political instability and conflicts in Africa especially hinder sustainable development progress on that continent.
Economic Growth and Development Chapter 4.pptxAndnetHilnew
The document summarizes the transition from economic stagnation to growth and development across the world. It discusses that until the late 18th century, the world economy was largely stagnant, with low productivity, high volatility, and limited effects of growth on income. However, this changed as certain countries like Britain began taking off industrially in the late 18th century. Over time, inequality increased across regions as some excelled in income growth while others grew more in population. The document examines various hypotheses for exogenous sources of takeoff, including luck, geography, culture, and institutions. Institutions are distinguished as social choices that can be reformed, unlike exogenous factors like geography.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
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Macroeconomics deals with the aggregate output, consumption, investment, employment and prices of an entire economy. It analyzes the performance and structure of national, regional and global economies as a whole, rather than individual markets.
Three major concerns of macroeconomics are national income, inflation and unemployment. National income refers to the total value of goods and services produced in a country. Inflation is a sustained increase in price levels, while unemployment occurs when people are unable to find work.
The key measures of national income include GDP, GNP, NDP and NNP. GDP is the total value of final goods and services produced domestically in a year, while GNP includes domestic output plus income earned
The document discusses public spending and its socio-economic impacts based on a case study of diminishing marginal returns to state spending. It provides background on public spending levels historically for developed countries, rising from 8% of GDP in 1870 to over 40% currently. Developing countries initially saw increasing returns to public spending but recent studies show diminishing and sometimes negative returns. Diminishing returns refer to decreasing GDP growth rates as public spending increases beyond an optimal level, as seen in developed countries from the 1970s-2000s. Negative returns are indicated by rising unemployment despite higher education spending, as in the U.S., Canada, France and U.K. following the 2008 recession.
Analysis of Public Investment Expenditure on Economic Growth in WAEMU Countriesinventionjournals
Public investment expenditure plays an important role in the economy to produce goods and services needed for economic development. This study analyzes the influence of public investment spending on the economic growth of the WAEMU zone. The study considers a linear approach through individual fixed effects models with Beck-Katz and Driscoll-Kraay corrections, the spatial autocorrelation model (SAC) and the longterm model (DOLS). The empirical results of the study using panel data covering the period 1990-2015 indicate that public investment spending can promote economic growth in WAEMU countries when they are allocated in decreasing order to Education, health, public investment in basic road infrastructure and agriculture. However, they are also likely to slow it down when they focus on military spending, even though their primary objective is to ensure security for economic development. Finally, the study recommends that policy makers in WAEMU countries refocus their public expenditure policies in key sectors of development, notably human capital, in order to ensure a multiplier effect of public spending on economic growth and strengthen institutions Democracy to ensure their independence through their interdependence.
Analysis of Public Investment Expenditure on Economic Growth in WAEMU Countriesinventionjournals
: Public investment expenditure plays an important role in the economy to produce goods and services needed for economic development. This study analyzes the influence of public investment spending on the economic growth of the WAEMU zone. The study considers a linear approach through individual fixed effects models with Beck-Katz and Driscoll-Kraay corrections, the spatial autocorrelation model (SAC) and the longterm model (DOLS). The empirical results of the study using panel data covering the period 1990-2015 indicate that public investment spending can promote economic growth in WAEMU countries when they are allocated in decreasing order to Education, health, public investment in basic road infrastructure and agriculture. However, they are also likely to slow it down when they focus on military spending, even though their primary objective is to ensure security for economic development. Finally, the study recommends that policy makers in WAEMU countries refocus their public expenditure policies in key sectors of development, notably human capital, in order to ensure a multiplier effect of public spending on economic growth and strengthen institutions Democracy to ensure their independence through their interdependence
Government Expenditure and Economic Growth Nexus: Empirical Evidence from Nig...iosrjce
This study has examined the impact of public expenditure on economic growth in Nigeria using time
series data for the period 1970-2012. Secondary data were sourced from the CBN, NBS, journals, text books
etc. The adopted model was fitted with three variables: real GDP, capital and recurrent expenditure. The tools
of analysis were the ADF unit root test and ordinary least square multiple regression accompanied by pairwise
Granger causality test. The major objective of this study is to analyse the impact as well as direction of
causality between the fiscal variables and economic growth. All the variables included in the model are
stationary at level. Empirical findings from the study show that there is positive and insignificant relationship
between capital expenditure and economic growth while recurrent expenditure had a significant positive impact
on economic growth. Also, Granger causality test demonstrates a unidirectional causality running from the
fiscal variables to economic growth in validation of the Keynesian theory. Consequently, the study
recommended more allocation of resources for recurrent purposes as well; government should establish the
body that will monitor contract awarding process of capital projects closely, to guard against over estimation of
project cost and stealing of public funds.
Tatenda Mbadzo graduated with a Bachelors degree in Disaster Management in 2020 and is also studying for a Bachelors in Applied Technology. The Hyogo Framework for Action from 2005-2015 had five priorities: (1) make disaster risk reduction a local priority, (2) identify, assess, and monitor disaster risks and improve early warning, (3) use knowledge, innovation and education to build a culture of safety, (4) reduce underlying risk factors, and (5) strengthen disaster preparedness. However, over 700,000 people died from disasters during this time along with $1.3 trillion in economic losses. The Sendai Framework from 2015-2030 aims to substantially reduce mortality, numbers
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BOOK LAUNCH
Virtual Event - Ethiopia’s agri-food system: Past trends, present challenges, and future scenarios
SEP 22, 2020 - 08:30 AM TO 10:00 AM EDT
This document summarizes a study that investigated the impact of political environment on the business performance of multinational companies in Nigeria. The study found that political environment has a negative significant impact on business performance. Political environment refers to forces from political decisions that can alter economic outcomes. It poses risks like taxation, currency issues, and violence. The literature review discusses how an unstable political environment with risks like expropriation, domestication, and policy changes can negatively affect multinational company profits and goals.
Organizational environment and developing countriesRobius Bagoka
The organizational environment in developing countries faces much uncertainty from factors such as rapid population growth, technological changes, and political pluralism. This results in difficulties for organizations to operate effectively. Some key sources of uncertainty include economic conditions like low GDP, reliance on natural resources, and high debts. Cultural factors such as ethnic differences and customs also vary substantially. Demographic shifts like high population growth, urbanization, and an uneven distribution of people across areas introduce challenges. Finally, political instability, weak legal systems, and varying ecological conditions like droughts or floods present additional environmental uncertainties organizations in developing countries must navigate.
This document summarizes research on the fundamental roots of economic growth. It finds that historical factors like geography, culture, technology, institutions, and legal traditions substantially influence economic development across countries. Geography affects factors of production through climate and natural resources. Cultural values and practices also shape economic opportunities. The timing of technological advances and transitions to agriculture impact current living standards. Early political and economic institutions, as well as whether a country had settler or extractive colonies, influence modern institutions and growth. Legal traditions introduced by European colonists also determine private property rights and state intervention. While some research emphasizes the role of policies, most studies find policies have limited impact on growth after accounting for these fundamental historical determinants and institutional quality.
This document summarizes research on the fundamental roots of economic growth. It discusses how geographical, cultural, technological, institutional, and legal factors influence long-term economic development. The document also reviews how economic policies can impact growth, though the effects often depend on existing institutions and prerequisites. Overall, the document analyzes the theoretical and empirical literature on the determinants of cross-country differences in per capita income levels.
This document discusses the impact of crises on social programs and poverty. It notes that the current global economic crisis has led to a sharp decline in global GDP growth and industrial production in Turkey. Crises particularly hurt the poor, who have limited resources and coping abilities. An estimated 90 million more people will fall into extreme poverty by 2010 due to the crisis. The document also discusses lessons from previous crises, highlighting the need to anticipate social impacts and protect vulnerable groups from the early stages of crisis response. Effective crisis responses have been rapid, sizable, and focused on social safety nets and pro-poor policies.
The application of Adam Smith and Ricardian theories on post conflict countriesReshad Hakim
This document discusses the application of classical economic theories like those proposed by Adam Smith and David Ricardo to post-conflict countries. It outlines some key characteristics of post-conflict economies, including lack of security, high unemployment, damaged infrastructure, and weak government capacity. The document then examines some common patterns of post-conflict growth and debates whether theories based on specialization and comparative advantage can effectively be applied in these unstable environments, looking at examples like Iran and Afghanistan.
Cointegration of public sector expenditure patterns and growth of nigeriaAlexander Decker
This document discusses a study that investigates the relationship between patterns of public sector expenditure and economic growth in Nigeria from 1961-2010. The study uses econometric models like cointegration tests and vector error correction models to analyze secondary data on public administration, social, economic, and transfer expenditures collected from Nigeria's Central Bank. The results show that different types of public expenditures impact Nigeria's economic growth. Based on these findings, the study concludes that public expenditures can be an important fiscal policy tool to promote economic growth when properly allocated and managed.
The document discusses business environment and key economic concepts. It defines business environment as internal and external factors that impact a firm's functioning. The external environment includes economic, social, political, technological, and legal factors. The internal environment comprises strengths, weaknesses, resources, and culture.
It also explains key economic terms like economic systems, policies, national income accounting, and sectors of the economy. India's pre-1991 controlled economy and post-1991 liberalized market-oriented reforms are outlined. The reforms aimed to expand the private sector's scope and reduce barriers through industrial policy changes.
MEANING
MEANING
DEFINITION
CLASSIFICATION OF PUBLIC EXPENDITURE
CAUSES FOR THE GROWTH OF PUBLIC EXPENDITURE
MEANING
DEFINITION
CLASSIFICATION OF PUBLIC EXPENDITURE
CAUSES FOR THE GROWTH OF PUBLIC EXPENDITURE
Addressing Social, Health, Nutrition, and Political Shocks2020resilience
The Democratic Republic of the Congo faces an ongoing humanitarian crisis due to protracted conflict and political instability. While there was optimism during the 2003-2006 political transition, the eastern region remains unstable with ongoing violence and displacement of people. Agriculture and food security are largely neglected by the government despite high rates of malnutrition. Food imports have increased substantially while export crops receive little support. Building resilience among communities will be challenging given reliance on emergency aid and weak government institutions.
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This document summarizes a research paper exploring the variation in economic recovery rates following displacement-inducing conflicts in different countries. It begins by defining key terms and variables. It then identifies Sierra Leone and Burundi as examples of countries with strong and weak economic recovery, respectively, and examines factors like land tenure that affected their variation. The document also examines northern Uganda's experience after displacement and the role of market development in recovery. It concludes by discussing future research opportunities in better understanding recovery patterns and the impact of policies like market interventions.
1) Armed conflicts have significant negative impacts on sustainable development across its three pillars of economic, social, and environmental. They divert public funds towards military spending, discourage investment, disrupt trade and tourism, and damage infrastructure.
2) Wars have considerable psychosocial effects such as loss of history and cultural heritage. They also create additional humanitarian needs that strain limited financial resources.
3) A conference of experts found that armed conflicts negatively impact the majority of thematic areas related to sustainable development identified in the Rio+20 document. Current political instability and conflicts in Africa especially hinder sustainable development progress on that continent.
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Role of Policy Research in the Recovery Process.pptx
1. Role of Policy Research in the Recovery Process
Alemayehu Seyoum Taffesse
ESSP/IFPRI
Presentation at the seminar on ‘Ethiopia’s Recovery from Crisis –
Domains and Options,’ organized by ESSP, ILRI, and NPS,
March 1, 2023
1
Disclaimer – The views expressed in the following do not necessarily
reflect those of IFPRI
3. Context
Period of reform – the Homegrown Economic Reform (HGER) program,
Ten-Year Development Plan (TYDP) (2014-2023 EC).
Period of shocks – the COVID-19 pandemic, the worst locust invasion in
decades, a major conflict in the Northern regions of the country, a harsh
drought in large areas in the country’s South, East, and North, global
economic crisis due to the war in Ukraine;
Economic challenges – disrupted flow of goods and services, massive
internal displacements, destruction of assets, millions facing increased
food insecurity, weakening of institutions, economic sanctions, forced
reallocation of resources, macro imbalances;
4. Context (continued)
GoE’s economic reforms and responses to shocks
continued reform initiatives (albeit at a slower pace) – privatization of
SOEs, particularly the telecom sector, and opening some sectors for
external competition (logistics, for example).
response to the COVID-19 pandemic – introduced a partial lockdown,
including extended school closure, a State of Emergency (ended in
August 2020), an economic stimulus package, and tax reliefs to
businesses.
price stabilization measures – increased importation and subsidized
provision of some food items, sanctions against alleged bad practice by
individual traders, and extended a temporary rent freeze, elimination
of VAT and import taxes on food items,
social protection – maintained and renewed the large Productive
Safety Net Program (PSNP) combined with emergency relief;
recovery – a Three-Year Economic Recovery Plan in progress.
Welfare consequences – rapid inflation, slower growth, and rising
poverty.
5. Incidence of conflict events
November 4, 2018 – November 3, 2020 November 4, 2020 – March 25, 2022
Incidence of
Battles and
Violence
against
Civilians
Source:
Prepared by
the authors
using ACLED
Data.
Frequency and composition of conflict (violent) events changed considerably since
November 2020 (the onset of the war in Northern Ethiopia)
Frequency - almost twice as many of these events occurred in the latter period.
Composition – incidence of battles rose more than five-fold (due to the war), the
number of events involving ‘violence against civilians’ also rose.
Spatial distribution – concentrating in Tigray, Amhara, Afar, and Oromia.
6. Impact of Conflict – Channels
Why should we worry?
Conflict negatively affects welfare directly and through reduced growth.
Four economic effects (Collier (1999))
Destruction – human, physical, natural resources (mortality or
morbidity, damage or destruction physical and natural assets such as
factories, roads, power stations …)
Disruption – interruption of normal order of business including
movement of goods/people and provision of services due to breakdown
of infrastructure/insecurity …
Diversion – reallocation of public and private resources away from
output-enhancing activities.
Dissaving – reduction or lower rate of accumulation of assets
including running down financial savings, capital flight, postponed
investment, migration
Psychosocial effects: psychological consequences due to exposure to
conflict (mental and emotional wellbeing, the environment, and behaviour)
7. Impact of Conflict on Growth – Illustration from Ethiopian History
-8.0 -8.3 -8.3
-6.6
-4.7
-10.0
-5.0
0.0
5.0
10.0
15.0
1950
1953
1956
1959
1962
1965
1968
1971
1974
1977
1980
1983
1986
1989
1992
1995
1998
2001
2004
2007
2010
2013
2016
2019
%
Year
Growth of GDP per capita (1951-2021) (%)
Source: Authors’ computation using data from The Conference Board (2021).
Duration and intensity matters
8. Role of Policy Research
Identifying costs
Direct costs – costs directly and contemporaneously attributable to
conflict including mortality and morbidity; destruction of productive
capital and infrastructure (farms, factories, machinery and equipment,
education and health facilities, other public infrastructure); damage to
personal property (housing, vehicles, and others); and the budgetary
cost of war …
Indirect costs – costs attributable to circumstances and responses
induced by conflict including population dislocation, reduced production,
trade disruption, lower current and future physical investment, decline
in educational opportunities and health coverage, migration, including
brain drain, and decreased tourism.
Immediate vs. accumulated costs
Outcomes – reduced economic growth and welfare (lower productivity,
higher prices, decreased employment, and lower incomes);
Macroeconomic indicators, such as GDP and private consumption, can
serve as summary measures of the cost of conflict.
9. Role of Policy Research
Measuring costs
Obtaining the relevant data
o Direct costs – observed and most from Federal and Regional
governments reports (estimated values of productive capital,
infrastructure, and public service facilities destroyed; uncultivated
land; government budget; and national accounts and balance of
payments data – usually incomplete, scattered, ….
o Indirect costs – ‘unobserved’ (counterfactuals) and accumulate
over time (discounting).
Counterfactuals
o Express what would have happened in the absence of conflict.
o Cost (impact) = the difference between counterfactual outcome and
the corresponding simulated (or actual) outcomes under conflict
o Modelling is used to construct the counterfactuals.
10. Role of Policy Research
Measuring costs (continued)
Modelling
o Computable General Equilibrium (CGE) – to assess the potential
growth and welfare effects of conflict/shocks via the CGE
modeling-based simulations or scenario-building.
o Microsimulation model – to assess the effect on household incomes
and poverty.
o Synthetic control – uses pre-conflict data on units unaffected by the
conflict
o CGE and microsimulation can be used to explore recovery
scenarios and their implications.
Identify and assess recovery options
Assess recovery options – speed and cost of recovery;
Measure the size of investments required for recovery;
Explore policy instruments available for recovery – tax system, public
investment, regulation, social protection, …
11. Role of Policy Research
Findings (highlights)
considerable rise in government recurrent expenditure;
substantial reductions in levels and growth rates of GDP and private
consumption during the conflict period and subsequent years;
fall in household incomes;
poorer households face larger reductions;
rise in poverty and inequality (marginally);
Knowledge gap and action going forward
Assesses recovery options;
the psychosocial effects of conflict and related impact of recovery and
resilience
the root causes of conflict in the country are critical priority areas for
research, policy analysis, and collective action
the symbiotic link between conflicts and the country’s vulnerability to
economic, natural (environmental), and political shocks and stressors
12. Impact of Conflict on Growth – Some observations on Recovery (continued)
Acknowledge extensive efforts of the GoE to address the negative
consequences of the shocks mentioned earlier;
the Three-year Recovery Plan begins in 2015 EC.
the restoration of peace and political stability is critical for recovery and
structural transformation in Ethiopia.
Knowledge gap and action going forward
the root causes of conflict in the country are critical priority areas for
research, policy analysis, and, more importantly, collective action
the symbiotic link between conflicts and the country’s vulnerability
to economic, natural (environmental), and political shocks and
stressors is a good starting point