HOW FAR AND WIDE? A COINTEGRATION ANALYSIS OF TRADE OPENESS AND ECONOMIC GROWTH IN NIGERIA (1980-2011) OGUNRINOLA‚ Ifeoluwa Israel (CUGP120397) Department of Economics and Development Studies‚ Covenant University‚ Ota‚ Nigeria. ______________________________________________________________________________ ABSTRACT The study examines the relationship between trade openness and economic growth in Nigeria but focuses on how wide in terms of volume the nation should be towards foreign trade. The
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sectors. Such a role was justified at that time because immediately after independence‚ India was facing basic problems—deficiency of capital and low capacity to save. The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6%[5] The net domestic product went up by 15%. The monsoon was good and there were relatively high crop yields‚ boosting exchange reserves and the per capita income‚ which increased by 8%. National income increased more than the per
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Australia’s GDP and Government Expenditure GDP or Gross Domestic Product measures the value of production and the income earned from that production that occurs within a nation’s boundaries (Hill‚ 2007). The total GDP value of Australia currently represents a 2.45 percent of the world economy. From 1960 to 2012 the yearly average of the Australian GDP was 325.7 USD Billion‚ with a reported all time high of 1520.6 USD Billion in December of 2012 and record low of 18.6 USD Billion in December of
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economy as a whole‚ rather than individual markets. Macroeconomists study aggregated indicators such as GDP‚ unemployment rates‚ and price indices to understand how the whole economy functions. More precisely‚ I want to talk about GDP which is Gross Domestic Product. GDP measures two things at once: 1. the total income of everyone in the economy. 2. The total expenditure on the economy’s output of goods and services. Why? Because for the economy as a whole‚ income must equal expenditure “for every buyer
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Economic Health This memo is to all team members who have been assigned the task of determining the country ’s economic health. This memo will explain how the team will recognize and realistically determine the tool is used to determine Gross Domestic Product (GDP) to size up goods and services‚ which are generated in the United States during a set time frame. The GDP measures the economic output of the country‚ which is closely monitored by the Federal Reserve to decide whether or not if the economy
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present day there have been many economic researchers studying economic growth in a variety of different combinations of economies around the world. There is not only one way to analyse economic growth‚ however the gross domestic product is commonly adopted. Gdp‚ short for gross domestic product‚ is the total amount of goods and services produced by the country in one year. Gdp growth can occur most simply when the amount of goods and services a country produces is increased‚ or a growth in gdp could
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Government(both the central and state) 3.Agent and advisor to the Government 4.Banker to the bankers 5.Acts as the clearing house of the country 6.Lender of the last resort 7.Custodian of the foreign exchange reserves 8.Maintaining the external value of domestic currency 9.Controller of forex and credit 10.Ensures the internal value of the currency 11.Publishes the Economic statistical data 12.Fight against economic crisis and ensures stability of Indian economy. B) Promotional functions 1.Promotion
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FACHHOCHSCHULE ZENTRALSCHWEIZ ITW INSTITUT FÜR TOURISMUSWIRTSCHAFT LUZERN Heinz Rütter Jürg Stettler Marc Amstutz Antoine de Bary Daniela GrozeaHelmenstein Economic impact of the UEFA EURO2008TM in Switzerland Study on behalf of the UEFA and Swiss Football Association in teamwork with the Institute for Advanced Studies (IHS)‚ Vienna Rüschlikon / Lucerne‚ November 2004 Economic impact of the UEFA EURO 2008TM in Switzerland CREDITS Client UEFA Swiss Football Association (SFV-ASF)
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in economic growth which is mostly estimated with GDP. The National Economic and Social Development Board said the second quarter gross domestic product is 4.9%‚ year to year percentage change‚ slowing from 6.1% rate in the first quarter. At the same time‚ exports in the second quarter increased by 16% from a year earlier. Agricultural and electronic products are the majority of exports. The political situation of Thailand leads many business to delay investment decisions. Free-trade talks
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International Business Country Risk and Attractiveness Analysis on Turkey 1 1.Brief Background of Turkey Turkey‚ officially the Republic of Turkey is a contiguous coasttocoast country‚ located mostly on Anatolia Western Asia‚ and on East Thrace in Southeastern Europe. Turkey’s location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance. Turkey’s
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