THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA. BY ABUBAKAR SADIQ SALEH Department of Banking and Finance‚ University of Abuja abubakar008@yahoo.co.uk ABSTRACT Debt is borrowing that is either for the purpose of smoothening the consumption path in the face of transitory shocks or as a means of supplementing domestic savings in order to expand productive capacity and raise the long – run growth rate. The objective of this work
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Economic Sanctions As a Policy Instrument Author(s): James Barber Source: International Affairs (Royal Institute of International Affairs 1944-)‚ Vol. 55‚ No. 3 (Jul.‚ 1979)‚ pp. 367-384 Published by: Wiley on behalf of the Royal Institute of International Affairs Stable URL: http://www.jstor.org/stable/2615145 . Accessed: 13/04/2013 21:49 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp
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SEVEN MAJOR SOURCES OF ECONOMIC GROWTH KFCTGLM 1) Legal System 2) Competitive markets 3) Limits on Government regulation 4) An efficient capital (K) market 5) Monetary stability 6) Low Tax rates 7) Free Trade 1) Legal System: Foundation for economic progress is a legal system that protects privately owned property and enforces contracts in an evenhanded manner. Provides protection of property rights and enforcement of contracts. This reduces the uncertainties accompanying trade
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causality running from stock market returns to foreign portfolio investment in the economy‚ which in turn will foster stock market returns in Nigeria. We therefore recommend that policies that will attract foreign portfolio investment should be pursued in order to enhance stock market returns. Keywords: Capital market‚ Economic Growth‚ Inflation‚ Interest rate‚ All Share Index‚ Market Capitalization‚ Equity‚ Nigerian Stock Exchange. I. Introduction Nigeria in the last few years had
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1 China’s economic growth and poverty reduction (1978-2002) By Hu Angang，Hu Linlin and Chang Zhixiao1 [Abstract] This article has summarized and evaluated the trend of China’s poverty decrease in the period of 1978-2002‚ considering that China has obtained great achievements in the area of poverty decrease sine 1978 and made great contributions to the world; however‚ poverty decrease has not corresponded to the economic growth and it has slowed down the pace since the middle of 1980s; in addition
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THE SCHUMPETERIAN THEORY OF ECONOMIC GROWTH AND DEVELOPMENT Schumpeter assumes a perfectly competitive economy‚ which is in stationary equilibrium. In such a stationary state‚ there is perfect competitive equilibrium‚ no profits no interest rates‚ no saving‚ no investment and no involuntary unemployment. This equilibrium is characterized by what Schumpeter terms as “circular flow” which continues to repeat itself in the same manner year after year. In the circular flow‚ the same products are produced
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Assignment 1 - Economics The demand and supply schedules for gum are given in the table. a. Draw a graph of the gum market‚ label the axes and the curves‚ and mark in the equilibrium price and quantity. b. Suppose that the price of gum is 70¢ a pack. Describe the situation in the gum market and explain how the price adjusts. c. Suppose that the price of gum is 30¢ a pack. Describe the situation in the gum market and explain how the price adjusts. d. A fire destroys some factories that produce
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increases economic growth and that growth harms the environment. That fear is misplaced. Growth enables governments to tax and to raise resources for a variety of objectives‚ including the atatement of pollution and the general protection of the environment. Without such revenues‚ little can be achieved‚ no matter how pure one’s motives may be. "Marathon runner threatens to pull out of 2008 Olympics fearing Beijing’s air quality". Newspaper headlines like this one shows the dark side of the economic
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1) A Countrys rate of economic growth is important because an economy that grows to slowly fails to raise the living standards of its citizens 2)Related don’t let this happen to you! Use the data for the country of New Finlandia in the following table to calculate the following 2006 4‚568. A] the percentage of real gap per capita between 2006 and 2010 is ____3.92_____% The average annual growth rate in real gap per capita between 2006 and 2010 is _________2_____% 3)The following table gives real
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journals and personnel. 2.0 EXTERNAL ANALYSIS - ENVIRONMANTAL FACTORS Environmental influences and trends can be thought of as layers around an organisation. The most general layer is the macro-environment where an understanding of political‚ economic‚ social‚ technological‚ environmental and legal (PESTEL) can provide an overall picture of the variety of forces at work around an organisation. Understanding the key components of PESTEL is essential to an organisation
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