Economic Development - Changes in income‚ savings and investment along with progressive changes in socio-economic structure of country Economic Growth - Economic growth refers to an increase in the real output of goods and services in the country Globalisation refers to the integration between different countries and economies to operate as a single eco entity Can achieve eco growth by eco development How to achieve eco dev? Trade Patterns - What goods and services a country trades‚ with whom
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ref=MjBfMDZfMTFfMTNfMV8yN18xNzI0OTk= Economic growth and economic development Like the infrastructure development‚ improvement of legal mechanism Can now be regarded as the most important precondition for sustainable Growth‚ a stronger economy‚ and pro-people system of governance‚ Writes M S Siddiqui Economic development generally refers to sustained and concerted actions‚ taken by the policy-makers and communities‚ which promote the standard of living and economic health
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MACROECONOMICS POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA INTRODUCTION In normal economic condition‚ macroeconomic policy drivessustainable development of anation. The two main branches of macroeconomics policies are based on monetary and fiscal economics. Central Bank‚ the nationalapex bank controls the monetary policy while the Ministry of Financeplays major role in national fiscal policy. However‚ most economists concur that‚ synergy exists between micro-and macro-economics variables and two policy agents
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importance of a vibrant capital market in the mobilization of long term investable fund for economic development especially for developing countries like Nigeria can not be over emphasized. This research work examines the growth of the Nigerian Stock Exchange (NSE) ; the hub of the Nigerian capital market and it effect on the economic development of Nigeria using time series data from 1995 to 2005. Studies reveal that there have been a remarkable growth in the capital market during the period under
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EXECUTIVE SUMMARY A capital market is a market for securities (debt or equity)‚ where business enterprises (companies) and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year. Capital markets may be classified as primary markets and secondary markets. In primary markets‚ new stock or bond issues are sold to investors via a mechanism known as underwriting. In the secondary markets‚ existing securities are sold and bought among
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A REVIEW OF STUDIES CONDUCTED ON THE WEAK FORM OF THE EFFICIENT MARKET HYPOTHESIS ON EMERGING CAPITAL MARKETS Surabhi Kothiyal (2009B3A8360P) Vishnukaant Pitty (2009A4PS340P) 1 CONTENTS PAGE NO. 1. Introduction 3 2. On Emerging Markets … 5 3. Empirical Methods 8 3.1. Non-Parametric Tests 8 3.1.1. Kolmogrov Smirnov Goodness of Fit Test 9 3.1.2. Runs Test 9 3.2. Parametric Tests 10 3.2.1. Auto-Correlation Test 10 3.2.2. ADF (Augmented
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Opportunities in the Industrial Cassava Market in Nigeria Henk Knipscheer‚ C. Ezedinma‚ P. Kormawa‚ G. Asumugha‚ K. Makinde‚ R. Okechukwu‚ and A. Dixon International Institute for Tropical Agriculture 2007 1 Contents Contents...........................................................................................................................................2 Acknowledgements.....................................................................................................
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industry sector‚ agriculture sector to the GDP are 49.33%‚ 28.42% and 22.42% respectively. So‚ the service sectors contribute most of the development of national economy. The research aims are to analyze the comparative contribution of service sector with other sectors‚ the impact of trade liberalization of service sector and to provide the recommendations for development of service sector. It is taken a sample of ten years data of GDP from 2000-01 to 2009-10 for analyzing the comparison of service sector
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ECONOMIC DEVELOPMENT IN INDIA: THE ROLE OF INDIVIDUAL ENTERPRISE (AND ENTREPRENEURIAL SPIRIT) Anil K. Lal* and Ronald W. Clement** The Indian economy provides a revealing contrast between how individuals react under a government-controlled environment and how they respond to a market-based environment. Evidence suggests that recent market reforms that encouraged individual enterprise have led to higher economic growth in that country. India can generate additional economic growth by fostering entrepreneurial
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Introduction The existence of a chronic state of “underdevelopment” is not only a question of economics or the simple quantitative measures of income‚ employment and gini-coefficient.Underdevelopment is a real fact of life for two billion people of the world- a state of mind as far as a state of national poverty. Gaulet (1971) poignantly describes under development as a shocking; the squalor‚ disease‚ unnecessary deaths and hopelessness of it all. The condition of underdevelopment in its totality
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