Journal of Social Economics Research

Published by: Conscientia Beam
Online ISSN: 2312-6264
Print ISSN: 2312-6329
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No. 2

Does Agricultural Sector Contribute to the Economic Growth in Case of Republic of Benin?

Pages: 85-93
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Does Agricultural Sector Contribute to the Economic Growth in Case of Republic of Benin?

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DOI: 10.18488/journal.35.2018.52.85.93

Aboubakari MOUSSA

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Aboubakari MOUSSA (2018). Does Agricultural Sector Contribute to the Economic Growth in Case of Republic of Benin?. Journal of Social Economics Research, 5(2): 85-93. DOI: 10.18488/journal.35.2018.52.85.93
Every nation has his own resources contributing to the well-being of population and the creation of wealth. The sector that contributes in the country growth is not unique, but there are some who require a close look because they have large contribution in the economic growth such as agriculture sector. The determinants of a country economic growth are a lot but contribute differently to the growth. In this paper, we will discuss the extent of agricultural sector to the economic growth in Republic of Benin and how much it contributes. We will use time series data from 1970 to 2016 and co-integration method considering the order of integration. The results reveal that the GDP per capita, agricultural value added and the human development index have long-run relationship. In addition, an expansion of agricultural sector will have a significant impact on the economy in the long-run and ameliorate the living condition of population.
Contribution/ Originality
This study is one of very few studies which have investigated the relationship between agricultural sector and the economic growth in Republic of Benin. It gives the empirical answer to the extent of agricultural sector contribution in the economy of Republic of Benin.

An Analysis of Chinas Poverty Research Based on CiteSpace

Pages: 75-84
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An Analysis of Chinas Poverty Research Based on CiteSpace

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DOI: 10.18488/journal.35.2018.52.75.84

WU Fengyang

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WU Fengyang (2018). An Analysis of Chinas Poverty Research Based on CiteSpace. Journal of Social Economics Research, 5(2): 75-84. DOI: 10.18488/journal.35.2018.52.75.84
This paper uses CiteSpace to comprehensively grasp the situation of poverty research through the keyword co-occurrence and cluster by extracting the literature information in China during 1998-2017. The results show that the literature on poverty in China has different kinds of hotspots, which changed from rural areas, poverty alleviation and economic growth to multidimensional poverty, industrial poverty alleviation, and precise poverty alleviation. The researches mostly focus on subjects of poverty, poverty alleviation, sustainable development, and so on. This paper also finds that the number of research is huge, but the targeted research and field research is not enough. In the future, deep research on precise poverty alleviation will become a new trend.
Contribution/ Originality
The paper contributes the first analysis of the hotspots and frontiers of poverty research in China with the information visualization tool - CiteSpace. And this study has summarized the trends of research content and research paradigm based on the analysis.

Impact of Telecommunications Market Liberalization on Labor Productivity in Economic Community of West African States

Pages: 63-74
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Impact of Telecommunications Market Liberalization on Labor Productivity in Economic Community of West African States

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DOI: 10.18488/journal.35.2018.52.63.74

Kwami Ossadzifo Wonyra

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Kwami Ossadzifo Wonyra (2018). Impact of Telecommunications Market Liberalization on Labor Productivity in Economic Community of West African States. Journal of Social Economics Research, 5(2): 63-74. DOI: 10.18488/journal.35.2018.52.63.74
This research establishes an indirect link between the liberalization of telecommunications services and labor productivity based on the causal chain following Francois (2002) and Wang (2006). Estimates are based on Economic Community of West African States (ECOWAS) countries data for the period of 2002-2012. The results show that the degree of competition has a significant effect on the performance of telecom services, which in turn significantly affects the labor productivity. There is no correlation between the openness of telecom services and the degree of competition. As policy implication, on the basis of our results, the regulation in the telecommunications sector needs to be strengthened in order to reduce operators' monopoly power. Thus, we will witness a great penetration of telecommunications services in the ECOWAS countries. In doing so the goal of universal service access would be achieved and the productivity of the work factor will improve accelerating economic growth.
Contribution/ Originality
This study is one of very few studies which have investigated the impact the liberalization of trade in telecommunications services in African economies. Unlike other studies that analyze the impact on the growth economy, this article analyzes the impact of the liberalization of the sector on labor productivity in the ECOWAS zone.

Social Protection and Agricultural Production in ECOWAS: The Youth Unemployment Question

Pages: 51-62
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Social Protection and Agricultural Production in ECOWAS: The Youth Unemployment Question

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DOI: 10.18488/journal.35.2018.52.51.62

Romanus Osabohien , Godswill Osuma , Chisom Ndigwe , Emmanuel Ozordi

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Romanus Osabohien , Godswill Osuma , Chisom Ndigwe , Emmanuel Ozordi (2018). Social Protection and Agricultural Production in ECOWAS: The Youth Unemployment Question. Journal of Social Economics Research, 5(2): 51-62. DOI: 10.18488/journal.35.2018.52.51.62
In an economy youths play a very pivotal role as they constitute the greatest share of human resource which is essential in the economic development of a country. However, this potential in built in youth if not efficiently harnessed through gainful employment, portends a danger to the society. Youth unemployment can be likened to time dynamite if effective policies are not put in place to create employment for the youth especially in ECOWAS where graduate unemployment has been on the increase. On the other hand, the agricultural sector remains the most veritable tool for generating youth employment, poverty reduction and the attainment of food security. At any rate, the capacity of the agricultural sector to generate employment depends greatly on how the sector is been protected, which creates incentive to operate as business just as recently enshrined in agricultural transformation agenda; however, agricultural output can be enhanced by social protection programmes. Thus, this study examines the extent of social protection policies that are related to agricultural sector and how it influences the level of youth employment in ECOWAS using panel cointegration econometric analysis finds that in the long run, agriculture has the potential for ameliorating youth unemployment in ECOWAS.
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Macroeconomic Indicators and Capital Formation Growth in Nigeria: A New Evidence

Pages: 39-50
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Macroeconomic Indicators and Capital Formation Growth in Nigeria: A New Evidence

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DOI: 10.18488/journal.35.2018.52.39.50

Anthony Orji , Jonathan E. Ogbuabor , Onyinye I. Anthony-Orji , Mbonu Chibudem O.

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Anthony Orji , Jonathan E. Ogbuabor , Onyinye I. Anthony-Orji , Mbonu Chibudem O. (2018). Macroeconomic Indicators and Capital Formation Growth in Nigeria: A New Evidence. Journal of Social Economics Research, 5(2): 39-50. DOI: 10.18488/journal.35.2018.52.39.50
This paper estimates the impact of macroeconomic indicators on the growth of capital formation in Nigeria. Adopting the Autoregressive Distributed Lag Model (ARDL), the empirical findings showed that Foreign aid which is proxied by Overseas Development Assistance (ODA) and Domestic Private Investment (DPI) had positive impact on capital formation growth in Nigeria, while exchange rate, trade openness, and external debt had negative impact for the period under review. The study therefore recommends that aid, especially from the West should not be highly depended upon as a major source of revenue for the development of the economy. Other macroeconomic determinants of capital growth that government should encourage include; savings, investment and the quality of institutions.
Contribution/ Originality
This study tests the impact of macroeconomic indicators on the growth of capital formation in Nigeria within the framework of the Autoregressive Distributed Lag Model (ARDL).