NATIONAL DEVELOPMENT VOLUME 5 NO 2‚ DECEMBER‚ 2007FISCAL POLICY AND NIGERIAN ECONOMIC GROWTHOmitogun Olawunmi and Ayinla‚ Tajudeen A. Department of Economics Olabisi Onabanjo University‚ Ago-Iwoye Abstract This paper has examined empirically the contribution of fiscal policy in the achievement of sustainable economic growth in Nigeria. Using the Solow growth model estimated with the use of Ordinary Least Square method‚ it was found that fiscal policy has not been effective in the area of promoting sustainable
Premium Macroeconomics Public finance Economics
1. What is the Solow (or long-run) growth curve‚ why is it vertical‚ and what causes it to shift? Solow growth curve is a production function that expresses the relationship between output and the factors of production. the formula is Y = F(A‚K‚eL) where A= ideas‚ K = physical captial‚ L = Labor‚ and e = natural resources. The Solow growth curve is represented by a vertical line at the Solow growth rate because: I. it does not depend on the rate of inflation. II. there is an underlying assumption
Premium Macroeconomics Inflation Economics
Fiscal Institutions and Fiscal Performance shifts emphasis away from narrow economic factors to more broadly defined political and institutional factors that affect government policy and national debt. This collection brings together new theoretical models‚ empirical evidence‚ and a series of in-depth case studies to analyze the effect of political institutions‚ fiscal regulations‚ and policy decisions on accumulating deficits. It provides a fascinating overview of the political and economic issues
Premium Higher education Education
EDP120 Introduction to Teaching WA Excursion Policy: Off school site activities document analysis This intention of this report is to analyse the Western Australian (WA) Excursions: Off school site activities policy document and discuss action plans for three potential scenarios. Effective 1 July 2003‚ (Western Australian Department of Education‚ (WA DoE)‚ 2003) the rationale behind the policy is to set out and provide principals‚ teachers‚ and supervisors from both government and privately run
Premium Education Educational psychology Learning
TOPIC AN INQUIRY INTO THE PERPETUAL FISCAL DEFICIT IN ZIMBABWE. IS TAXATION THE SOLUTION 1.1 Background Zimbabwe‚ once a vibrant and diversified economy and hope for Africa’s future‚ was on the verge of collapse had it not been for the introduction of the multi-currency system after the formation of the inclusive government. It has had a perpetual fiscal deficit post 1990 accompanied by high inflation‚ negative economic growth‚ high unemployment and a reduction in the standard of living as
Premium Public finance Tax Deficit
Question 2 a) A fall in the value of the Australian dollar (AUD) against the U.S. dollar (USD) benefit Billabong in two folds‚ strengthened price competitiveness and translation advantage. Firstly‚ the Americas segment accounts for about 50% of Billabong’s sales revenue in 2008 and 2009. (Appx.1) In case of depreciation of AUD against USD‚ the price of imported surfwear to the U.S. in terms of USD will decrease. The US importers demand more for Billabong’s products. The sales increases from the
Premium Foreign exchange market United States dollar Exchange rate
immigration in Australian society especially in relation to refugees. It will give an overview of the history of immigration in Australia. It will then go on to explore refugees and discuss the perceptions of refugees‚ settlement issues of refugees and then go on to look at the practice of mandatory detention of refugees in Australia. One of the first pieces of legislation to be passed after federation was the Immigration Restriction Act 1901 or what was to be known as the white Australia policy it was
Premium Australia Immigration Refugee
assumed to have occurred first in Australia over 50‚000 years ago when the ancestors of Indigenous Australians arrived through the islands of the Malay Archipelago and New Guinea. Furthermore‚ Department
Premium Immigration Australia Europe
health‚ education and fresh food. * Australian Times‚
Premium Tax Value added tax Income tax
development of Australian society and subsequent rights given to Australian citizens‚ thus addressing the guiding question as quoted at the top of the paper. Australia is run by a democratic system at all 3 levels of government (Federal‚ State and Local). Democracy means in Greek "rule by the governed". A democrary has key fundermentals that sustains that type of leadership. In a perfect democracy every citizen has equal accessible amount of power and freedom. In Australia everyone Australian citizen
Premium Democracy Government United States