Previous studies have examined the effect of financial sector development on poverty reduction. This study is unique by adopting the UNDP broader measure of well-being, the Human Development Index (HDI) to provide an argument for financial sector development process and poverty reduction interrelationship in Nigeria for the period 1988-2017. Stationary properties of the series were tested by the ADF unit root test. The paper uses the Johansen Co-integration test to examine the existence of long run relationship among the variables. Generally, it was found that financial sector development has both positive and significant relationship with HDI used as proxy for poverty level. The result also indicates a significant positive relationship between aggregate credit (AGC) and HDI. This shows that financial sector development which manifests in the ability of the banking sector to facilitate borrowing and investment in income earning assets, and stimulate the private sector, in particular, small and medium scale enterprises (SMEs), impacts positively on HDI. Finding also shows that aggregate deposit (AGD) (deposit opportunities available to deposit money banks) is negatively related to HDI and significant. This perhaps suggests that the volume of deposit mobilization by deposit money banks in Nigeria is relatively low to what is needed to transform the economy as well as the standard of living of the people. Realising that Human development is a desideratum and sacrosanct in poverty reduction, the objectives of policies aimed at further strengthening the banking sector should be people focused.
The Effect of Fiscal Policy on Economic Development:A Comparative Study on Gross Domestic Product and Human Development Index in Nigeria 1990-2017 (Published)
This study sought to provide more insights on the topic “fiscal policy and economic development” by extending its focus to examining the relationship between fiscal policy and economic development using human development index (HDI) as a more comprehensive representation of human and economic progress than the gross domestic product (GDP). The study adopts an ex-post facto research design to enable the use of Nigerian time series data from 1990 to 2017in an Ordinary Least Square (OLS) regression technique for analyses. Findings reveal that fiscal policy variables such as government revenue and expenditure have negative effect on the gross domestic product but positive and significant on human development index of Nigeria, while government debt has positive effect on GDP and significantly negative effect on HDI. Results further reveal interesting outcomes on the effect of fiscal policy on Nigeria’s economic development such trade depicting a negative and significant effect on HDI but positive and insignificant for GDP. The study, therefore recommends that using HDI to measure the effect of fiscal policy may be a better approach to measuring economic development. Also, that the government of Nigeria should engage in more productive and try to improve on the mechanisms to grow its revenue to enhance economic development in Nigeria.
Implementation Policies Enhancing Human Development Index In the District Pandeglang Province Banten in Indonesian (Published)
The phenomenon that made the object of research is the implementation of policies for enhancing the Human Development Index (HDI) in Pandeglang Banten Province. The research objective was to discuss the implementation of policies for enhancing the Human Development Index conducted by the Social Security program Banten People Unite (Jamsosratu). The study used a qualitative approach. Determination of the research informants thirty four people using purposive sampling technique. Secondary data collection using literature study and study documents. Primary data collection using interviews and observation techniques. The data analysis using descriptive analysis method developed by triangulation analysis. Results of the study are the following: Policy Implementation Improved Human Development Index (HDI) in Pandeglang Banten province, organization, interpretation, application. Activity phase consists of structuring the organization of administrative resources Jamsosratu; forming units Jansosratu in implementing the policy of the provincial, district, township and village; preparation of implementation guidelines and the provision of technical guidance Jamsosratu. Activity interpretation phase consists of determining the location of granting Jamsosratu activity, the activity of the target collection of Poor Households (RTM) Jamsosratu receiver, and activities targeting RTM Jamsosratu receiver. Activities stages of implementation include mentoring activities receiver Jamsosratu RTM, RTM receiver Jamsosratu empowerment activities, and service activities RTM which includes health services, educational services and social services in the insurance field. Organizing activities, interpretation, and application of the policy of increasing HDI conditionally and functional policy is influenced by the content and context of policy implementation. Fill the policy of increasing HDI parameters include: (1) The interests that influence Jamsosratu, (2) Type of benefits recipients Jamsosratu, (3) The degree of change to be achieved through the provision of Jamsosratu, (4) Location of decision-making in the realization Jamsosratu, (5) Performance Jamsosratu program implementers, and (6) The resources used to carry out development activities as well as the provision of services to recipients Jamsosratru. The context of the implementation of the policy of increasing HDI parameters include: (1) The powers, interests, and strategies bureaucratic officials involved in the implementation of policies to improve the functioning Jamsosratu and social empowerment of poor households; (2) Characteristics of the institutions and the regime in the process of policy implementation Jamsosratu, and (3) The level of compliance and responsiveness of implementing the policy.
ECONOMETRIC STUDY OF OFFICIAL DEVELOPMENT ASSISTANCE AND THE FIGHT AGAINST POVERTY: THE CASE OF MAURITANIA (Published)
In this study we identify economic concepts and lay down some suggestions for reduction of poverty in Mauritania with regards to Official Development Assistance (ODA). Given that Official Development Assistance will presumably have a positive effect on the human development index, our study is the case of Mauritania to show the opposite. This can be explained by the lack of adequate economic policy monitoring mechanism of assistance to deal with corruption for a good distribution of aid and optimize the management of the latter. In view of the potential role of ODA in Mauritania, we identify some recommendations that could meet part of the two concerns which raises ODA in general: that of the transmission channels and the quality of institutions
A STUDY ON THE IMPACT OF GOVERNMENT COMPLEXITY AND REGIONAL GOVERNMENT’S SIZE ON HUMAN DEVELOPMENT INDEX IN NORTH SUMATERA, INDONESIA (Published)
This study aims to determine the impact of the government complexity and regional government’s size on the human development index in North Sumatera province. This is an explanatory research survey. The variables used in the study are, namely; the government complexity, size of regional government and human development index. Meanwhile, the population involves all the 33 districts/cities in the North Sumatera with a sample taken from a period of 2005-2012 derived using the purposive sampling approach. In addition, The respondents of this study is on the government apparatus who represent the human development programs’ planners in several offices involved in the Tanjungbalai city and Asahan, South Labuhan Batu, North Labuhan Batu and Batubara districts with the number of 88 people selected as the sample using the purposive random sampling method. The returned questionnaires were 62 questionnaires. This study is a mixture of quantitative and qualitative studies. The result of the study has revealed that simultaneously and partially that the government complexity and the regional government’s size variables simultaneously affect the human development index in North Sumatera.