European Journal of Economics

Impact of Green Finance on Green Infrastructural Development in Nigeria (1995 – 2022)

Joel Obayagbona — 2024-12-31

The study examined the impact of green finance on green infrastructure development in Nigeria for the period 1995 to 2022. The dynamic least square (DOLS) econometric technique was employed for the estimation of data for the study, and the findings indicate that green bond (GB) and all share index (ASI) have significant positive impact on green infrastructure development; while agricultural contribution to GDP (AGRIC/GDP) and market capitalization (MCAP) have significant negative impact on green infrastructural development in Nigeria. The study recommends among others that, the government should strengthen the current level of green financing in the country by initiating appropriate policy to reposition green bond market thereby making it more attractive to investors.

The Effect of Exchange Rate Fluctuations on Egyptian International Business Transactions: An Empirical Analysis

Mohamed Abdelraouf — 2024-12-31

This study examines the impact of exchange rate fluctuations on international business transactions in Egypt from 2005 to 2022. Using pooled and fixed effects models, the research analyses the relationship between exchange rates, inflation, GDP, and export volumes. Key findings include a statistically significant positive relationship between exchange rate fluctuations and international business transactions, with fixed effect models revealing that the exchange rate, inflation rate, and GDP significantly affect export volume at a 99% confidence level. Exchange rates account for a large proportion of export volume changes, with adjusted R-squared values between 0.66 and 0.75. These results underscore the importance of exchange rate stability for international trade in Egypt. The study contributes to the literature by providing empirical evidence from a developing economy context, offering insights for policymakers and businesses on risk management and strategic decision-making in international trade.

Short- and Long-Run Effects of Education on Economic Growth: A Panel Error Correction Analysis

Haya Khan — 2024-12-31

This study analyzes the effects of education on economic growth in different countries grouped by income level. The key variables are cointegrated and integrated of order one. Hence, we employ the panel error correction model (PECM) to estimate the short-run and the long-run relationships. Results show differences in the impact of education across income levels. Primary education has been shown to be beneficial in the short and long run. Surprisingly, tertiary education had a negative effect on economic growth for all except the low-income group. Granger causality also suggests the direction of causation is that of education on economic growth and not vice versa.