BCS01113326BCS01113341BCS0111 | TOPIC: “EFFECT OF PETROLEUM PRICES ON ECONOMY” LITERATURE REVIEW: A literature review is a text written by someone to consider the critical points of current knowledge including substantive findings as well as theoretical and methodological contributions to a particular topic. Critical points: * history * History: Petroleum‚ in one form or another‚ has been used since ancient times‚ and is now important across society‚ including in economy‚ politics and technology
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IMPACT OF GLOBALIZATION ON NIGERIAN CULTURE: The African perspective * Course/code: Trends in globalization * Submitted to: Prof. Dr.Çelik Arouba * Written by: Benedict ‚ Okon Solomon * Student Number: 20112501 * Department: Economics * Date of submission: 16th‚ Dec2011 Contents * Abstract * Introduction * The concept of globalization * The concept of culture * The impact of globalization on the Nigerian culture * Suggestions and
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+2347054979206 Taiwo Abayomi Department of Economics‚ Tai Solarin University of Education‚ Ijebu-Ode‚ Nigeria E-mail: yommy246@yahoo.com Tel: +2348055821802 Abstract This study attempts to empirically examine the trends as well as effects of government spending on the growth rates of real GDP in Nigeria over the last decades (1970-2008) using econometrics model with Ordinary Least Square (OLS) technique. The paper test for presence of stationary between the variables using Durbin Watson unit root test
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has a lower productivity‚ and (2) steady-state k is reduced. population growth rate permanently increased due to increased immigration Immigration raises n from n1 to n2. The rise in n lowers steady-state k‚ leading to a lower steady-state consumption per worker. c. A temporary rise in s has no effect on the steady-state equilibrium. d. The increase in the labor force participation rate does not affect the growth rate of the labor force‚ so there is no impact on the steady-state capital-labor
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Economic growth is the overall growth in an economy. Gross National Product and Gross Domestic Product are the normal measures of economic growth. Because growth can come in many ways‚ GNP and GDP are not particularly good measures. More so‚ economic growth can occur from having more people in an economy. If economic growth occurs more slowly than the population growth‚ then there can be economic growth‚ but the average person is less well-off. As economic growth is measured as the annual percent
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The articles are talking about Inflation and the effects of it on the GDP of the United States compared to China. The first article is called “Catching the Eagle”. In December 2010‚ the Economist introduced a chart that made prediction of when China’s economy will overtake America’s economy. When the chart was first introduced in 2010‚ the Economist included a set of default assumptions for the decade ahead. They assumed that growth would average 7.75% in China over the subsequent ten years and 2
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3.1 Introduction There are various ways for the employees to voice out their dissatisfaction. One of the ways is by using picketing. Under section 40 of Industrial Relation Act allow workers to attend at or near their workplace when they have a trade dispute. The purpose of picketing are communicate issues to the public and embrass the employers. Picketing also held at lunch time‚ and before or after working hours. Picketing is enforceable by law as long as it must not intimidate anyone‚must not
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RESEARCH METHODOLOGY FINAL PROJECT INFLATION AND UNEMPLOYMENT SUBMITTED BY: AHSEN ALE INTRODUCTION Inflation seems to be a chronic problem in many parts of the world today and unemployment‚ a phenomenon‚ true for Pakistan‚ and valid for United States and other western economies. Even the fastest growing Chinese economy is not totally immune to it. Thus this research project deals with the analysis of unemployment and inflation in Pakistan. The purpose of this research
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What are causes of inflation in China and how to cope with inflation? In the past decades‚ China has experienced a rapid economic growth. However‚ Chinese people have been greatly affected by the inflation caused by such rapid economic development. Compared with other years in 2000s‚ the inflation rate in 2004‚ 2007‚ 2008 and 2010 were quite higher which more than 3 percent (Zhang‚ 2011). And in 2007 only‚ the Consumer Price Index (CPI) increased by nearly 5% from 2.2% to over 7% (Anderson‚ 2008)
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Contact sports have been around for a long time‚ and have been a part of American culture. Sports have helped people pay for college through scholarship programs‚ allow kids to have fun‚ and bring money to the economy. People have a great time watching the game‚ and it brings the community closer. If you take away sports at younger ages‚ nobody will be as talented at higher levels. Everybody will be afraid to join the sport. People don’t start sports when they are already done with college‚ they
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