March 2014

A contribution to the theory of economic growth: Old and New

In this study it is possible to provide a simple theoretical and empirical literature framework that links the endogenous growth theory through to the classical economists’ theory. There is also the following phenomenon that emphasises the proceeding to Harrod-Domar growth model, through to the model of the neoclassical growth theory. The study utilising the production function and, through to the developed new...

Author(s): Masoud Najeb

March 2014

Globalization, Foreign Direct Investment and Economic Growth in Sub Saharan Africa

The paper examined contributions of foreign direct investment, globalization to real economic growth fluctuation in selected sub-Saharan Africa countries. Adopting the conventional vector autoregressive mechanism the time series data from the selected countries, the result showed that out of the eleven countries studied, foreign direct investment explained the highest proportion in just three countries, Morocco,...

Author(s): Saibu M. O and Akinbobola T. O