BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Author
Umoru David (Edo University, Nigeria), Onimawo Janet Achikare (Ambrose Alli University, Nigeria)
Title
National Policy and Big-Push Theory of Development in Nigeria: Moving Away from Low-Level Economic Equilibrium
Source
Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska, 2018, z. 116, s. 177-187, wykr., bibliogr. 12 poz.
Keyword
Polityka, Równowaga gospodarcza, Rozwój gospodarczy, Pomoc zagraniczna, Ubóstwo
Politics, Economic equilibrium, Economic development, Foreign aid, Poverty
Note
summ., streszcz.
Country
Nigeria
Nigeria
Abstract
The paper analyzes the policy implications of the big-push model for development in Nigeria. The highlights of the analysis include existence of three inter-related perceptions namely, poverty trap, big push (BP) and takeoff. The basic idea is that poor countries are in poverty, hence needs BP linking amplified investment, leading to takeoff in national income and development. This indeed rationalizes necessity for overseas aid. In effect, minimum infrastructure and educational resources be apportioned to development programme to achieve success. However, nations that have implemented coordinated investment programs can achieve industrialization of each sector and thus be able push forward sequence of development.(original abstract)
Full text
Show
Bibliography
Show
  1. Azariadis, Costas, Stachurski J.: Poverty traps. Handbook of economic growth. Aghion P., Durlauf S. (eds.). North Holland, 2005.
  2. Collier P.: African growth: Why a Big Push is needed. Oxford University, Centre for the Study of African Economies, Oxford 2004 (presented at African Economics Research Commission Conference, December).
  3. Eichengren B., Park D, Shin K.: Growth slowdowns Redux: New evidence on the middle-income trap. NBER Working Paper Series, 2012.
  4. Galor O.: From stagnation to growth: unified growth theory, [in:] Aghion P., Durlauf S. (eds.): Handbook of Economic Growth, Vol. 1A. North Holland, Amsterdam 2005.
  5. Graham B.S., Temple J.: Rich nations, poor nations: How much can multiple equilibria explain? Harvard University, 2004.
  6. Guillaumont P., Jeanneney S.G.: Big Push versus Absorptive Capacity: How to Reconcile the Two Approaches. United Nations University, World Institute for Development Economics Research Discussion Paper, No. 5, 2007.
  7. Misra S.K., Puri V.K.: Economics of development and planning: Theory And Practice. Himalaya Publishing House, 2010, p. 217-222.
  8. Nelson R.: A Theory of the Low-Level Equilibrium Trap in Underdeveloped Economies. "The American Economic Review", 2012, retrieved 18 May.
  9. Nurkse R.: Problems of capital formation in underdeveloped countries. Oxford University Press, Oxford 1953.
  10. Rosenstein-Rodan P.: The problem of industrialization of eastern and south-eastern Europe. "Economic Journal", Vol. 53, 1943, p. 202-211.
  11. Sachs J.D.: The end of poverty: economic possibilities for our time. The Penguin Press, New York 2005.
  12. UN Millennium Project Repot, Report of the UN millennium project investing in development, 2005.
Cited by
Show
ISSN
1641-3466
Language
eng
URI / DOI
http://dx.doi.org/10.29119/1641-3466.2018.116.13
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu