Производственная функция является одним из основных понятий экономической теории. Как основа для моделирования поведения предприятий производственные...

В данной работе нами рассматриваются некоторые свойства различных производственных функций. Одним из ключевых моментов при построении эмпирических...

There are common narratives about economic growth in Ethiopia. We analyze four common narratives, namely, that (1) the economy is transforming from agriculture to industry, (2) that national economic growth has been rapid and sustained, (3) that Ethiopia’s economy is largely agricultural, and...

This study examined the impact of agricultural sector on economic growth in Nigeria (1981-2020). The main objective of the study is to examine the impact of agricultural sector on economic growth in Nigeria. The study used multiple regressions. The variables under consideration were real gross...

Although the Government has introduced a number of crop-oriented schemes to improve the output of various slow growth foodgrain crops such as pulses and coarse cereals, the success of these schemes will largely depend on the extent of adoption as the farmers grow these crops on poor and...

This paper analyses how adjustment dynamics, in an environment with some degree of price and wage rigidity, may create and strengthen asymmetric developments in a monetary union. It presents a simple illustrative model of adjustment dynamics that reproduces quite nicely actual developments in...

In the late 1990s, as economists looked back the development period in Africa since 1970s, they put forward the notion “African growth tragedy” , meaning that Africa's poor growth and resulting low income is associated with low schooling, political instability, underdeveloped financial...

Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must...

Happiness sums up people's attainments from living. Economics is concerned largely with prosperity as the material contributor to happiness. Prosperity is a relative term rather than an absolute one. Prosperity level can be defined as the feasible material standard of living that an economy can...