Balance Of Payments Constrained Economic Growth In Nigeria
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Balance Of Payments Constrained Economic Growth In Nigeria
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Author : Emmanuel Igbinoba
language : en
Publisher: GRIN Verlag
Release Date : 2015-05-13
Balance Of Payments Constrained Economic Growth In Nigeria written by Emmanuel Igbinoba and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-13 with Business & Economics categories.
Essay from the year 2014 in the subject Business economics - General, , language: English, abstract: This paper assesses the Thirwall's balance of payment(BOP) constrained model by applying it on the Nigerian economy and employing cointegration method to observe the relationship between economic growth and current account balance equilibrium. While extensive research study on economic growth concentrate on the neoclassical supply-oriented approach based on the production function and full employment, Harrod(1939) emphasized that demand generated growth determine long run economic growth and Thirwall developed a Keynesian perspective of the determinants of growth embedded on a dynamic version of the Harrod's foreign trade multiplier. Thirwall pinpoints the incapability of economic agents to increase aggregate demand indefinitely in open economies as justification for income growth differences across nations. The balance of payment constrained growth model states that a country's economic growth rate is constrained by the desire to generate foreign exchange and reiterate the function of demand as the motivation for domestic growth. This arises because growth in export and investment growth in import substitution are the only aspect of aggregate demand that can increase GDP growth and reduce foreign constraints. This implies that growth rate is constrained by the balance of payment as the economy cannot grow faster than what is consistent with the balance of payment equilibrium. The principle of this Keynesian demand side growth theory is that export capability and import attitude establish long run economic growth. Income derived from external trade constitute the principal medium to finance growing import due to a rise in domestic activities. This model differ from the supply induced growth models which evaluate economic growth by using factor inputs such as savings, human and physical capital, population growth and initial per capital GDP on economic growth. Reservations about the traditional growth models stem from the fact that the factor inputs have inconclusive roles in the growth process in developing countries. Also a lot of the neoclassical assumptions have been observed to be unapplicable in developing or transition economies. The balance of payment constrained model infer that economic growth are stimulated by demand factors and the main constraint on demand is the balance of payment.
Balance Of Payments Constraint And Growth Rate Differences Under Alternative Policy Regimes In Nigeria
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Author : A. O. Adewuyi
language : en
Publisher:
Release Date : 2002
Balance Of Payments Constraint And Growth Rate Differences Under Alternative Policy Regimes In Nigeria written by A. O. Adewuyi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Balance of payments categories.
The Balance Of Payments As A Constraint On Economic Growth
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Author : J. S. L. McCombie
language : en
Publisher:
Release Date : 1985
The Balance Of Payments As A Constraint On Economic Growth written by J. S. L. McCombie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Balance of payments categories.
The Balance Of Payments Analysis Of Developing Economies
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Author : Olumuyiwa Samson Adedeji
language : en
Publisher: Routledge
Release Date : 2017-11-30
The Balance Of Payments Analysis Of Developing Economies written by Olumuyiwa Samson Adedeji and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-30 with Business & Economics categories.
Developing countries - given their extreme economic vulnerability - are likely to be better served by maintaining flexible exchange rate regimes. That is the finding of this informative and enlightening book. Presenting unique theoretical and econometric analysis of the current account of the balance of payments of Nigeria and Ghana, this book examines the features common to the economic position of developing countries (such as recurring deficits and continual increases in external debt). The book presents a number of new theoretical modifications to the standard version of the value model of the current account, in order to reflect the major characteristics of developing economies. The book also uses rigorous econometric analyses to determine the validity of theoretical models, and examines the sustainability of these various countries' current account deficits.
The Balance Of Payments Constraint And Growth Rate Differences Among African And East Asian Economies
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Author : M. Nureldin Hussain
language : en
Publisher:
Release Date : 1995
The Balance Of Payments Constraint And Growth Rate Differences Among African And East Asian Economies written by M. Nureldin Hussain and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Africa categories.
Essays On Balance Of Payments Constrained Growth
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Author : John McCombie
language : en
Publisher:
Release Date : 2015-12-17
Essays On Balance Of Payments Constrained Growth written by John McCombie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-17 with Balance of payments categories.
This impressive collection explores the relationship between a country's balance of payments and their rate of economic growth.
Reprint Series
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Author : Nigerian Institute of Social and Economic Research
language : en
Publisher:
Release Date :
Reprint Series written by Nigerian Institute of Social and Economic Research and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with Nigeria categories.
Balance Of Payments And Economic Growth
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Author : John M. Letiche
language : en
Publisher:
Release Date : 1959
Balance Of Payments And Economic Growth written by John M. Letiche and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with Balance of payments categories.
Monetary Policy And Balance Of Payments In Nigeria
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Author : Timothy Proso
language : en
Publisher:
Release Date : 2017
Monetary Policy And Balance Of Payments In Nigeria written by Timothy Proso and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
One of the stylization policies with which the government of Nigeria manages the economy is that of monetary policy. Monetary policy formulation in Nigeria is usually targeted at achieving some macro-economic objectives amongst which is equilibrium in the country's Balance of Payments (BOP). Thus, this paper measured the relationship between balance of payment and monetary policy adopted in the country, using Ordinary Least Square (OLS) technique of multiple regression models with statistical time series data from 1980-2015. The estimated result shows a positive relationship between the dependent variable (Balance of Payment) and the independent variables (Money Supply, Interest Rate and Exchange Rate). Specially, Money Supply and Interest Rate had significant relationship with Balance of Payments whereas Exchange Rate was not statistically significant. Based on the results, were commend that the government should promote the exportation of Nigerian products, especially the non-oil products, as this will bring in more foreign exchange to the country, boost productive activities and improve the balance of payments position of the country. Also, the Central Bank of Nigeria should ensure that the monetary policies adopted in the country are complemented with effective fiscal policies to foster economic growth and development in the Nigerian economy.
The Balance Of Payments Constraint On Economic Growth
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Author : C. L. Stals
language : en
Publisher:
Release Date : 1994
The Balance Of Payments Constraint On Economic Growth written by C. L. Stals and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Meeting of Alumni of the School for business leadership of UNISA.