in Nigeria: An Analysis of the Endogenous Effects Okon J. Umoh‚ 2Augustine O. Jacob and 1Chuku A. Chuku 1 Department of Economics‚ University of Uyo‚ Uyo‚ Nigeria 2 Heritage Polytechnic‚ Eket Akwa Ibom State‚ Nigeria Abstract: This research endeavour set out to empirically investigate the relationship between foreign direct investment and economic growth in Nigeria between 1970 and 2008. The paper makes the proposition that there is endogeniety i.e.‚ bi-directional relationship between FDI and
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which in turn increases the national income in the long-run. The agricultural sector serves all other sectors in the economy especially the industrial sector. The problem facing the Nigerian agricultural economy is inadequate capital and credit for start-up‚ investment and expansion. Monetary policy through its influence on the financial sector of the economy plays a major role in making credit available to the agricultural sector. Monetary policy refers to the combination of measures designed to
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Introduction India is in the midst of a retail boom. The sector witnessed significant transformation in the past decade from small-unorganized family-owned retail formats to organized retailing. Indian business houses and manufacturers are setting up retail formats while real estate companies and venture capitalist are investing in retail infrastructure. Many international brands have entered the market. With the growth in organized retailing‚ unorganized retailers are fast changing their business
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energy i.e. electricity which is mainly utilized for driving machines for the production of various items. The manufacturing sector has always emphasized in their public policy advocacy‚ the need to improve various infrastructure‚ particularly‚ electricity which is the primary energy required for production. The uncompetitiveness of goods produced in Nigeria is largely due to the fact that apart from other facets of the economy which affect the manufacturing environment‚ electricity has
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FDI in retail will benefit consumer‚ create opportunities: US Washington‚ Dec 8‚ 2012 (IANS) The US government and corporate America alike have welcomed the Indian parliament’s approval of foreign direct investment in multi-brand retail‚ saying it would spur investment in infrastructure and benefit the consumer. "We believe direct foreign investment in retail will grow markets in India as it has in China‚ Brazil‚ and many other developing economies‚" State Department spokesman Mark Toner
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What is FDI? Foreign Direct Investment is the investment which is done in productive assets and participation in the management of the company as the stake holders by a company which is based in one country‚ into a company based in another country. Recently the cabinet said OK for 51% FDI in multi-brand retail sector & 100% FDI in single brand. Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provision of the Foreign Exchange Management Act (FEMA)
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VIET NAM NATIONAL UNIVERSITY OF HO CHI MINH CITY UNIVERSITY OF ECONOMICS AND LAW NGUYỄN TẤN VINH IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC STRUCTUAL CHANGE IN HO CHI MINH CITY Major: Code: Economics 62.31.03.01 Supervisor: 1. Dr. Nguyễn Tiến Dũng 2. Dr. Lê Tuấn Lộc DOCTORAL THESIS SUMMARY Ho Chi Minh City - 2011 1 INTRODUCTION 1. Problem statement Industrialization and modernization of the economy and proactive international economic integration are the pressing
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means of attaining competitive efficiency by creating a meaningful network of global interconnections. FDI plays a vital role in the economy because it does not only provide opportunities to host countries to enhance their economic development but also opens new vistas to home countries to optimize their earnings by employing their ideal resources. India has sought to increase inflows of FDI with a much liberal policy since 1991 after decade’s cautious attitude. The 1990’s have witnessed a sustained
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investment (FDI). A high level of FDI inflows is an affirmation of the economic policies that the policymakers have been implementing as well as a stamp of approval of the future economic health of that particular country. There is clearly an intense global competition for FDI. India‚ for its part‚ has set up the “India Brand Equity Foundation” to try and attract that elusive FDI dollar. According to UNCTAD (2007)‚ India has emerged as the second most attractive destination for FDI after China
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Cooperation‚ Department of Agricultural Research & Education‚ and Department of Animal Husbandry and Dairying. There is one Technology Mission on Oil Seeds and Pulses (TMOP) & one Commission for Agricultural Cost & Prices (CACP) under the Department. The Secretary (A & C) is the administrative head of the Department and Principal Adviser to the Minister on all matters of policy and administration within the Department. The current Secretary is Sh. Prabeer Kumar Basu. INDIAN AGRICULTURAL SCENARIO The total
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