<abstract xmlns="http://www.w3.org/1999/xhtml">This study examined the effect of government expenditure on its disaggregated level on economic growth in a sample of 20 sub-Saharan African Countries over the period of 1980-2010 in a dynamic panel data model. The result from Generalised Method of Moments (GMM) revealed an inverse relationship between productive government expenditure and economic growth in sub-Sahara Africa. Also, productive government expenditures were not actually productive most especially when financed by non-distortonary government tax revenue in sub-Saharan African countries. The study concluded that the productive government expenditure and its corresponding source of the mode of financing were counterproductive for economic performance in the African countries.</abstract>

Productive Government Expenditure and Economic Performance in sub-Saharan Africa: An Empirical Investigation

<abstract xmlns="http://www.w3.org/1999/xhtml">The relationship between household income and expenditure is important for understanding how the shape of the economic dynamics of the households. In this study, the relationship between household consumption expenditure and household disposable income were analyzed by Locally Weighted Scatterplot Smoothing Regression which is a nonparametric method using R programming. This study aimed to determine relationship between variables directly, unlike making any assumptions are commonly used as in the conventional parametric regression. According to the findings, effect on expenditure with increasing of income and household size together increased rapidly at first, and then speed of increase decreased. This increase can be explained by having greater compulsory consumption expenditure relatively in small households. Besides, expenditure is relatively higher in middle and high income levels according to low income level. However, the change in expenditure is limited in middle and is the most limited in high income levels when household size changes.</abstract>

Taner Akmercan is a PhD Student. This paper is derived from his PhD thesis under the supervision of first author.

Forecasting of Households Consumption Expenditure with Nonparametric Regression: The Case of Turkey

<abstract xmlns="http://www.w3.org/1999/xhtml">This study has investigated the relationship between government spending and inclusive growth in Nigeria over the period 1995 to 2014. Specifically, it examined how, and to what extent, government spending on education, government spending on health, economic freedom, public resource use, and real GDP growth rate have impacted on inclusive growth in the country. It used the Dickey-Fuller GLS unit root test to ascertain the order of integration of the series. Consequently, through the Auto-Regressive Distributed Lag (ARDL) bound testing technique, the study found that in the long-run government spending on health, economic freedom, public resource use and real GDP growth rate had significantly positive influence on inclusive growth. In the short-run, however, only real GDP impacted significantly on inclusive growth while other variables were not significant in causing inclusive growth. Thus, in conclusion, government spending in the form of redistributive spending on health propelled inclusive growth in Nigeria.</abstract>

Government Spending and Inclusive-Growth Relationship in Nigeria: An Empirical Investigation

<abstract xmlns="http://www.w3.org/1999/xhtml">With so many countries of the world now open to global capital and trade, this study identifies whether financial and trade openness contribute to the development of Nigeria’s financial system by considering both financial depth and access to finance indicators. To achieve this objective, we applied the Simultaneous Openness Hypothesis as our theoretical framework and the Generalized Method of Moments (GMM) as our estimation method. Our findings reveal that opening trade while neglecting capital (vice versa) may be detrimental to the development of Nigeria financial system. In view of this evidence, we recommend that the simultaneous opening of trade and finance is a more guaranteed way of ensuring improved financial development in Nigeria.</abstract>

Do Financial and Trade Openness Lead to Financial Sector Development in Nigeria?

AHEAD OF PRINT

Volume 26 (2023): Issue 2 (November 2023)

Volume 26 (2023): Issue 1 (May 2023)

Volume 25 (2022): Issue 2 (November 2022)

Volume 25 (2022): Issue 1 (May 2022)

Volume 25 (2022): Issue s1 (December 2022) Special Conference Issue

Volume 24 (2021): Issue s1 (December 2021) Special Conference Issue

Volume 24 (2021): Issue 2 (November 2021)

Volume 24 (2021): Issue 1 (May 2021)

Volume 23 (2020): Issue 2 (November 2020)

Volume 23 (2020): Issue s1 (December 2020) Special Conference Issue

Volume 23 (2020): Issue 1 (May 2020)

Volume 22 (2019): Issue 2 (November 2019)

Volume 22 (2019): Issue 1 (May 2019)

Volume 22 (2019): Issue s2 (December 2019) Special Conference Issue

Volume 22 (2019): Issue s1 (March 2019)

Volume 21 (2018): Issue s1 (December 2018)

Volume 21 (2018): Issue 2 (November 2018)

Volume 21 (2018): Issue 1 (May 2018)

Volume 20 (2017): Issue s1 (April 2017)

Volume 20 (2017): Issue 2 (November 2017)

Volume 20 (2017): Issue 1 (May 2017)

Volume 19 (2016): Issue 1 (May 2016)

Volume 19 (2016): Issue s1 (December 2016) Special Conference Issue

Volume 19 (2016): Issue 2 (November 2016)

Volume 18 (2015): Issue 2 (November 2015)

Volume 18 (2015): Issue 1 (May 2015)

Zagreb International Review of Economics and Business

 ZIREB is an international journal of economics and business. It covers wide range of topics in macroeconomics, microeconomics, management, marketing and tourism. In general, it delivers relevant scientific research in the field of economics and business and offers empirical insights on current economic development and political economy issues as well as on current developments in marketing, tourism and management research.  ZIREB is edited by Faculty of Economics and Business in Zagreb and it is managed by a team of academic researchers from universities all over the world.  ZIREB is published as a semiannual journal by the Faculty of Economics and Business in Zagreb. The first issue was published in May 1998. Every two years ZIREB is published three times a year. This Special Conference Issue consists of selected papers presented at the international conference "An Enterprise Odyssey" which is hosted by Faculty of Economics and Business.  Why subscribe and read ZIREB is an economics and business journal directed at scientific and academic researchers who are interested in new insights and research methods in the field of economics and business. The journal welcomes research on topics related to respective countries or on regionally relevant topics. Furthermore, professional papers, short papers, review articles and book reviews are also welcome.  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 