Thomas Robert Malthus (1766-1834) was a famous Economist‚ famous for his work on population growth‚ including “An Essay of the Principle of Population (1798).” This principle explained Malthus’ views regarding that any economic growth or advances in technology would directly lead to population growth. According to Malthus‚ as the population grows exponentially and the food supply grows arithmetically‚ the population would not be sustained. Malthus demonstrated two types of checks that affect the
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Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 3‚ No.9‚ 2011 www.iiste.org Government Expenditure and Economic Development: Empirical Evidence from Nigeria Muritala Taiwo Department of Economics and Financial Studies‚ Fountain University Osogbo‚ Nigeria Corresponding Author’s E-mail: muritaiwo@yahoo.com Tel: +2348034730332; +2347054979206 Taiwo Abayomi Department of Economics‚ Tai Solarin University of Education‚ Ijebu-Ode‚ Nigeria E-mail: yommy246@yahoo.com Tel: +2348055821802 Abstract
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Economic growth‚ specifically long-term economic growth‚ and development relies on the capability of human capital to accumulate value. This means the ability of team managers to be more efficient with asset production‚ but also making sure efficient fund allocation is implemented and invested in the most useful places. Traditionally‚ banks‚ alternative financial institutions‚ stock markets‚ pensions funds have been utilize to evolve individual savings from income into additional capital monitored
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THE IMPACT OF MONEY SUPPLY ON THE ECONOMIC GROWTH OF NIGERIA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In the critical observation of the recent Nigerian economic position‚ there has been a great divergence between the rate at which money is supplied and the exact impact it has on the general price level‚ which results in inflation and deflation on one hand‚ and the output growth (productivity) on the other hand. Although‚ it had occurred to our mind that Nigerian
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EFFECT OF PRICE INSTABILITY ON ECONOMIC GROWTH IN PAKISTAN An Econometric Approach By HASSAN BIN TARIQ Student of MBA (III) Section: B Roll no. 1014142 In the guidance of M.A JALIL Senior lecturer (Research Synopsis) Federal Urdu University of Arts‚ Science & Technology‚ Karachi Campus: Abdul Haq TABLE OF CONTENTS: Page No. ABSTRACT ………………………………………………………. 3 SECTION – 1 >>> INTRODUCTION 4 to 5 1. Background
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influencing economic growth through a number of channels. The contribution that monetary policy makes to sustainable growth is the maintenance of price stability. Since sustained increase in price levels is adjudged substantially to be a monetary phenomenon‚ monetary policy uses its tools to effectively check money supply with a view to maintaining price stability in the medium to long term. Theory and empirical evidence in the literature suggest that sustainable long term growth is associated
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MAIN CATALYSTS TO GROWTH IN CHINA AND INDIA. India with about 1.2 million populations and china with about 1.3 billon population are two big demographic and emerging countries in the world .Over a past few decade India’s combination into the economic has been accompanied by remarkable economic growth (World Bank 2011¬).India is having the 3th position on the economy in purchasing power parity (PPP) terms (The Economic Times‚ 2012). India’s total GDP (gross Domestic Product) growth was 5.5% in 2012
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A comparison of economic growth in Germany and Norway from 1986 – 2010. The impact of four key concepts: comparative advantage‚ culture‚ economic freedom and innovation progress. Matúš Magic Utrecht University School of Economics Abstract This paper explains why Germany and Norway are one of the wealthiest nations in the world by using 4 key concepts – Comparative advantage‚ Innovation progress‚ Economic freedom and Culture. These four key concepts show us what has had to be done
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Rapid Economic Growth In East Asian Countries Over the past decade‚ there has been rapid long-term economic growth for East Asian countries. These newly industrialising countries are experiencing growth rates in GDP per head at around 6% to 7% compared to the 2% to 3% for most industrial economies. If this growth continues‚ South Korea and Taiwan might take away America’s distinction as the world’s richest country. This rapid economic growth is a result of several economic and political
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between democracy and economic growth has generated much controversy‚ research‚ and even bewilderment. If economic development is an expression of the level of development of societies‚ it will also be compatible with the level of democratic development. Democracy will become a catalyst and engine of economic and social development in society. To what extent does the economy affect the building of democracy? Is democracy a condition for economic development‚ or is economic development laying the
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