Showing papers on "Real gross domestic product published in 1970"
TL;DR: The good news is that Africa's economic pulse has quickened, infusing the continent with a new commercial vibrancy, and according to the McKinsey Quarterly, "What's driving Africa's growth" (2010), the continent is among the world's most rapidly growing economic regions as mentioned in this paper.
Abstract: ‘ If you have built a castle in the air your work need not be lost – that is where they should be. Now put the foundations under them .’ (Henry Thoreau) First, the good news. Africa’s economic pulse has quickened, infusing the continent with a new commercial vibrancy. Real GDP rose by 4.9 percent a year from 2000 through 2008, more than twice its pace in the 1980s and 1990s. Telecommunications, banking, and retailing are flourishing. Construction is booming. Private-investment inflows are surging. Africa’s collective GDP, at $1.6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s, and according to the McKinsey Quarterly, ‘What’s driving Africa’s growth’ (2010), the continent is among the world’s most rapidly growing economic regions. This acceleration is a sign of hard-earned progress and future promise.
2 citations
01 Jan 1970
TL;DR: In this article, the authors investigated the effect of foreign debts on economic growth and found that there is a negative but insignificant relationship between external debts and real gross domestic product (GDP).
Abstract: This paper investigates the effect of foreign debts on economic growth. The examples were drawn Nigeria. By conducting cointegration test, the study assessed the possible long-run relationship among three variables and how their impacts on the economy namely: GDP, external debts, and interest rates covering a time series 1990 to 2012. The study suggests that there is a negative but insignificant relationship between external debts and real gross domestic product. However, it also found the existence of positive relationship existing between external debts and economic growth. Lastly, there is a negative relationship between interest rates and real gross domestic product..
1 citations