This paper dwells on the inevitability of multinational corporations in the sustainable development of developing economies, using Nigeria as a case study. Over the years and with the advent of globalization, multi-national corporations now move with ease across the world to economy of interest, most often times to developing economies. Obviously speaking and considering the huge amount and the...

The gravity model in economics describes the trade flow between two countries as a function of their Gross Domestic Products (GDPs) and the distance between them. This model is motivated by the qualitative similarity between the desired dependence and the dependence of the gravity force (or potential energy) between the two bodies on their masses and on the distance between them. In this paper,...

Empirical studies quantifying the benefits of increased foreign direct investment (FDI) have been unable to provide conclusive evidence of a positive impact on the host country’s economic performance. I show that the lack of robust evidence is not inconsistent with theory, even if the gains to FDI openness are large. Anticipated welfare gains to increased inward FDI should lead to immediate dec...

This study analyzed the effect of export, investment, inflation, and unemployment to constant gross domestic product (GDP) used see economic growth in Indonesia 1990 2020. Time series data this are using ECM (Error Correction Model) investigate long-run short-run effects independent variables, including unemployment, on GDP. The results suggest that there is no evidence conclude export affects ...

This study complements existing literature by examining the nexus between energy consumption (EC), CO2 emissions (CE), and economic growth (GDP; gross domestic product) in 24 African countries using a panel autoregressive distributed lag (ARDL) approach. The following findings are established. First, there is a long-run relationship between EC, CE, and GDP. Second, a long-term effect from CE to...

Agriculture is a major part of sub-Saharan Africa’s economy, but its expansion poses significant threats to great ape habitats and forests. The sector accounts for nearly onequarter of the continent’s gross domestic product (GDP) and, in one way or another, it employs nearly two-thirds of its labor force (UNECA, 2013, 2014). The production of agricultural commodities—for both subsistence and ex...

In addition to quantitative assessment of economic growth using econometric models, business cycle analyses have been proved to be helpful to practitioners in order to assess current economic conditions or to anticipate upcoming fluctuations. In this paper, we focus on the acceleration cycle of the euro area, namely the peaks and troughs of the growth rate which delimitate the slowdown and acce...

Agriculture is a major part of sub-Saharan Africa’s economy, but its expansion poses significant threats to great ape habitats and forests. The sector accounts for nearly onequarter of the continent’s gross domestic product (GDP) and, in one way or another, it employs nearly two-thirds of its labor force (UNECA, 2013, 2014). The production of agricultural commodities—for both subsistence and ex...

Agriculture is a major part of sub-Saharan Africa’s economy, but its expansion poses significant threats to great ape habitats and forests. The sector accounts for nearly onequarter of the continent’s gross domestic product (GDP) and, in one way or another, it employs nearly two-thirds of its labor force (UNECA, 2013, 2014). The production of agricultural commodities—for both subsistence and ex...

Agriculture is a major part of sub-Saharan Africa’s economy, but its expansion poses significant threats to great ape habitats and forests. The sector accounts for nearly onequarter of the continent’s gross domestic product (GDP) and, in one way or another, it employs nearly two-thirds of its labor force (UNECA, 2013, 2014). The production of agricultural commodities—for both subsistence and ex...