Economics Olabisi Onabanjo University‚ Ago-Iwoye Abstract This paper has examined empirically the contribution of fiscal policy in the achievement of sustainable economic growth in Nigeria. Using the Solow growth model estimated with the use of Ordinary Least Square method‚ it was found that fiscal policy has not been effective in the area of promoting sustainable economic growth in Nigeria. Although‚ the finding seems invalidating the Keynesian postulation of the need for an active policy to stimulate
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Prospect theory Prospect theory was developed by Daniel Kahneman and Amos Tversky in 1979 as a psychologically realistic alternative to expected utility theory. It allows one to describe how people make choices in situations where they have to decide between alternatives that involve risk‚ e.g. in financial decisions. Starting from empirical evidence‚ the theory describes how individuals evaluate potential losses and gains. In the original formulation the term prospect referred to a lottery.
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Beauty of the ocean is adored by many people. The multi-colors of the corals‚ the unique sea creatures and many more have been candy for the eyes and inspiring to the people. But if people like it so much‚ why do they let it slowly disappear? Right now Indonesia’s Coral Reefs are decreasing in a rapid pace. The main causes are dynamite fishing and demands of reef products. According to the Oceanology Study and Development Centre of the Indonesian Institute of Sciences (LIPI)‚ 70% of Indonesia’s
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ANALYSIS OF KENYA’S GOVERNMENT REVENUE From the analysis Taxes seem to be the major source of revenue to the government since in the year 2006/7 it accounted for 93.16% of the total revenue‚ in the year 2007/8 it accounted for 94.91% of total revenue and in the year 2008/9 it amounted 94.71%. This is a good sign since the tax revenue/total government revenue is ideally required to be above 50%. The following classes of taxes were the major sources of revenue for the government: • Taxes on income
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2 Economic Systems for Resource Allocation Decisions about resource allocation are necessary because we live in a world of scarcity. A review of the ideas listed at Key Points 1.1 and 1.2 should remind you of how central this basic premise is to the study of any branch of economics. To take a surreal example‚ when you open your front door in the early morning there are not millions of bottles of milk covering the neighbour’s lawn; nor is there no milk. There is just enough bottled milk to meet
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Cost Allocation University of Phoenix Accounting in Healthcare ACC561 December 12‚ 2010 Cost Allocation Transfer Pricing [pic] [pic] Transfer pricing is a value attached to the output of a department to measure the value of the trade with other departments within the organization. Transfer prices will not affect the organization’s profit results. This contributes directly to the process of departmental performance measurement and indirectly to the measurement of a product
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The Evolution of the Constitution American federalism has changed drastically since its genesis. In 1776 the thirteen colonies adopted the Articles of Confederation in order to coordinate their efforts in the war for independence. The Articles of Confederation bound the states together in two main aspects; foreign and military affairs. The Articles of Confederation worked well while all the states had a common cause. However‚ as soon as the war ended and interests began to change‚ it became obvious
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importation and exportation of goods and services. Many countries in the world are faced with problems engaging in international trade successfully. However international trade is one of the major determinants of a countries economic growth. Ideally every country should export more goods and services than it import goods and service. This differs on the natural resources‚ technology and labour force. Nigeria is Africa’s most populous country with a population of over 150 million people. It is one of
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of Unit: This unit focuses on the historical situation of the framers at the time of the Constitutional Convention. Emphasis will be placed on the features of federalism‚ separation of powers‚ and checks and balances‚ that were incorporated into the Constitution to carry out limited government. Essential Questions: How have federalism‚ separation of powers‚ and checks and balances been shaped and debated throughout our history? What are contemporary issues surrounding these principles? Timeframe:
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Current and Future Status of Coral Reefs in Malaysia Abstract: Coral reefs‚ also known as the rainforest of ocean‚ are the most productive and biologically rich ecosystem on earth (McAllister‚ 1995). Coral reefs are an important source of food and income to millions of people that are living near coast (Burke‚ et al.‚ 2002). There are about 540 species of hard corals that have been identified in Malaysia in total and there are more than 90% of the country’s reefs are situated off the coast of
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