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This paper seeks to offer an economic explanation for the emergence of democracy in societies with high income inequality and narrow middle-class such as Apartheid South Africa. The presence of a credible threat of capital flight is shown to render democracy less unpleasant to the elites by...
Persistent link: https://www.econbiz.de/10011133844
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I use satellite imagery on night time lights to measure growth across states and local government areas in Nigeria … since the return of democracy in 1999. I show that states in Southern Nigeria have grown faster on average than states in … coefficients to estimate GDP growth for states and local government areas in Nigeria over the period. …
Persistent link: https://www.econbiz.de/10010885333
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level of financial development are significant determinants of domestic investment in Nigeria. The distinctive feature of … Nigeria. The results from the long-run estimation and the impulse responses revealed that a well-structured and stable socio …-economic environment will boost domestic investment over the long run. Therefore, in modelling domestic investment for Nigeria, it is …
Persistent link: https://www.econbiz.de/10008478913