Growth

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Balance Of Payments Constrained Economic Growth In Nigeria

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Author : Emmanuel Igbinoba
language : en
Publisher: GRIN Verlag
Release Date : 2015-05-13

Balance Of Payments Constrained Economic Growth In Nigeria written by Emmanuel Igbinoba and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-13 with Business & Economics categories.

Essay from the year 2014 in the subject Business economics - General, , language: English, abstract: This paper assesses the Thirwall's balance of payment(BOP) constrained model by applying it on the Nigerian economy and employing cointegration method to observe the relationship between economic growth and current account balance equilibrium. While extensive research study on economic growth concentrate on the neoclassical supply-oriented approach based on the production function and full employment, Harrod(1939) emphasized that demand generated growth determine long run economic growth and Thirwall developed a Keynesian perspective of the determinants of growth embedded on a dynamic version of the Harrod's foreign trade multiplier. Thirwall pinpoints the incapability of economic agents to increase aggregate demand indefinitely in open economies as justification for income growth differences across nations. The balance of payment constrained growth model states that a country's economic growth rate is constrained by the desire to generate foreign exchange and reiterate the function of demand as the motivation for domestic growth. This arises because growth in export and investment growth in import substitution are the only aspect of aggregate demand that can increase GDP growth and reduce foreign constraints. This implies that growth rate is constrained by the balance of payment as the economy cannot grow faster than what is consistent with the balance of payment equilibrium. The principle of this Keynesian demand side growth theory is that export capability and import attitude establish long run economic growth. Income derived from external trade constitute the principal medium to finance growing import due to a rise in domestic activities. This model differ from the supply induced growth models which evaluate economic growth by using factor inputs such as savings, human and physical capital, population growth and initial per capital GDP on economic growth. Reservations about the traditional growth models stem from the fact that the factor inputs have inconclusive roles in the growth process in developing countries. Also a lot of the neoclassical assumptions have been observed to be unapplicable in developing or transition economies. The balance of payment constrained model infer that economic growth are stimulated by demand factors and the main constraint on demand is the balance of payment.

Plain Lectures On The Growth Of The Papal Power

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Author : James Craigie Robertson
language : en
Publisher:
Release Date : 1876

Plain Lectures On The Growth Of The Papal Power written by James Craigie Robertson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1876 with Papacy categories.

Handbook And Index To The Minutes Of The Conference Showing The Growth Of The Wesleyan Methodist Constitution From 1744 To 1890

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Author : Charles E. Wansbrough
language : en
Publisher:
Release Date : 1890

Handbook And Index To The Minutes Of The Conference Showing The Growth Of The Wesleyan Methodist Constitution From 1744 To 1890 written by Charles E. Wansbrough and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1890 with categories.

Medical News And Abstract

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Author :
language : en
Publisher:
Release Date : 1897

Medical News And Abstract written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1897 with Medicine categories.

Official Catalogue

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Author : Colonial and Indian exhibition
language : en
Publisher:
Release Date : 1886

Official Catalogue written by Colonial and Indian exhibition and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1886 with categories.

Economic Growth Employment And Poverty In The Middle East And North Africa

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Author : Mahmood Messkoub
language : en
Publisher:
Release Date : 2008

Economic Growth Employment And Poverty In The Middle East And North Africa written by Mahmood Messkoub and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Africa, North categories.

Population Projections Economic Growth Prospects

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Author : James A. McDonald
language : en
Publisher:
Release Date : 1967

Population Projections Economic Growth Prospects written by James A. McDonald and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with Illinois categories.

Capital Expenditure Planning For Growth And Profit

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Author : Pierre G. Bergeron
language : en
Publisher:
Release Date : 1977

Capital Expenditure Planning For Growth And Profit written by Pierre G. Bergeron and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Business & Economics categories.

Influences Of Fertilizers On Cone Production And Growth Of Young Douglas Fir Western Hemlock And Western Red Cedar On The U B C Research Forest

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Author : J. Harry G. Smith
language : en
Publisher:
Release Date : 1968

Influences Of Fertilizers On Cone Production And Growth Of Young Douglas Fir Western Hemlock And Western Red Cedar On The U B C Research Forest written by J. Harry G. Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with Douglas fir categories.

Does Gender Inequality Reduce Growth And Development

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Author : Stephan Klasen
language : en
Publisher:
Release Date : 1999

Does Gender Inequality Reduce Growth And Development written by Stephan Klasen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Africa, Sub-Saharan categories.

Gender inequality in education has a significant negative impact on economic growth and appears to be an important factor contributing to Africa's and South Asia's poor growth performance over the past 30 years. In addition to increasing growth, greater gender equality in education promotes other important development goals, including lower fertility and lower child mortality.