Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa's economy is the least developed...

Good infrastructure is linked to economic growth and development, without deny. The study explores five problematic infrastructure factors affecting development in Zimbabwe. The Zimbabwean nation has been struggling to recover from economic crisis which has bedevilled the economy for quite a...

This study examines the relationship between economic development and environmental degradation for a global panel of 120 countries over the period 1990- 2016. We apply the Fixed Effect Model (FEM) to evaluate the environmental impact of economic development. This study makes an attempt to bring...

Evidences in the literature show that Nigeria's consumptionist nature as well as its heavy dependence on crude oil income streams, have created room for growing unemployment, inflation and poverty rates as well as the recent shrink in its GDP growth rate. More so, the unpredictable movements in...

OPEC's stated mission is to promote the economic development and growth of its member states while minimizing volatility in the oil markets. But after a promising beginning many member states - economies have declined rather than prospered - a clear indication of OPEC's failure to meet their...

A noted European economist argues that the Russian economy and its post-2000 growth have been heavily dependent on natural resources, especially hydrocarbons, and are bound to remain so for some time to come. Given that many economists have come to view rich natural resource endowments as a...

This paper analyzes the impact of urbanization on CO2 emissions within the STIRPAT framework over the period 1971 to 2014 for a panel of 76 countries clustered into income groups. Using dynamic panel estimations techniques, the empirical results robustly show an inverted N-shaped relationship...

Examining the relationship between sustainability and economic development was covered by research over the past decades. The initial goal of the present research is to evaluate the contribution of renewable energy sector value added to the national economic development in Denmark. The research...

This paper provides an assessment of the impacts of oil and discusses the opportunities and challenges for enhancing economic development in Sudan. One advantage of our analysis in this paper is that we provide a more comprehensive analysis using the most recent secondary data to discuss the...

This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic model in which electricity is a strong complement to other inputs in...