INVESTMENT ATTRACTION, COMPETITION AND GROWTH; THEORETICAL PERSPECTIVE IN THE CONTEXT OF AFRICA
Abstract
Examination in both theoretical and empirical prospective of the Capital market, deduce that the major indicators of modern economic growth, depends on the extent of economic financialization, commonly defined as capital stock, industrialization and Technological Advancement. The focus of this paper is to theorize investment attraction mechanism for a national economy in a global competitive arena, taking a posteriori perspective of Africa politico-economic climate.
References
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[36] Solow, R. W. 1979. Another Possible Source of Wage Stickiness; Journal of macroeconomics, 1(1): 79-82.
[37] Summers, H. L. 1981. Taxation and Corporate Investment. A q-theory Approach. Brookings Papers on Economic Activity, 1: 67-140
[38] Swan, T. W. 1956. Economics Growth and Capital Accumulation, Economic Records, 32(3): 334 – 361.
[39] Tinbergen, J. 1952. On the theory of Economic Policy, Amsterdam: North-Holland.
[40] Yallen, J. L. 1984. Efficiency Wage Models of Unemployment. America Economic Review, 74(2): 200 – 205.
https://en.wikipedia.org/wiki
https://www.merriam-webster.com/dictionary
[2] Aghion, P, Caroli, E. and Garcia-Penalosa, C. 1999. Inequality and Economic Growth: The Perspective of the New Growth Theories, Journal of Economic Literature, 37 (4). (December): 1615–1660.
[3] Akerlof, G. A. and Yellen, J. L. (eds.) 1986. Efficiency Wage Models of the Labour Market, Cambridge: Cambridge University Press.
[4] Alesina, A. and Rodrik, D. 1994. Distributive Politics and Economic Growth; Quarterly Journal of Economics, 109(2): 465-490.
[5] Brown, G. 1997. Letter from the Chancellor to the Governor: 6th May 1997; Bank of England Quarterly Bulletin, August
[6] Chow, G. C. 1975. Analysis and Control of Dynamic Economic Systems, New York: John Wiley
[7] Domar, E. D. 1946. Capital Expansion, Rate of Growth and Employment, Econometrica, 14(2): 137-147.
[8] Domar, E. D. 1947. ‘Expansion and Employment’, America Economic Review, 37(1): 34-55.
[9] Easterly, W. 1999. ‘The Ghost of the Financing Gap: Testing the Growth Model Used in International Finance Institutions. Journal of Development Economics, 60(2): 423 – 438.
[10] Easterly, W. 2001a. ‘The elusive quest for growth: Economists’ Adventures and Misadventures in tropics, Cambridge, MA: MIT Press.
[11] Fischer. S. 1977. Long-Term Contracts, Rational Expectations, and the Optimal Money, Supply Rule. Journal of Political Economy, 85(1): 191-205.
[12] Friedman, M. 1956. The Quantity Theory of Money, a Restatement; in Friedman (ed.), Studies in the Quantity Theory of Money, Chicago: University of Chicago press.
[13] Fujimoto, T. and Shiozawa, Y. 2012 [2011]), Inter and Intra Company Competition in the Age of Global Competition: A Micro and Macro Interpretation of Ricardian Trade Theory. Evol.Inst. Econ. Rev. 8(2): 193-231.
[14] Fumio Hayashi 1982. Tobin’s Marginal q and Average q: Neoclassical Approach. Econometrica, 50: 213-224
[15] Garrison, R. W. 2001. Time and Money: The macroeconomics of Capital Structure, London; Routledge.
[16] Hall, E. R. and Jorgenson, W. D. 1967. Tax Policy and Investment Behaviour, Econometric Review 57(3): 391-414.
[17] Harrod, R. 1939. An Essay in Dynamic Theory; Economic Journal, 49: 14-33.
[18] Harrod, R. 1948. Towards a Dynamic Economics: Macmillan.
[19] Hayek. F. A. 1933. Monetary Theory and Trade Cycle, London: Lonathan Cape.
[20] Heinlein, R. 1966. The Moon is a Harsh Mistress, New York: Putnam.
[21] Kartz, L. F. 1988. Some Recent Developments in Labour Economics and Their Implications for Macroeconomics: Journal of Money, Credit and Banking, 20(3): 507-522.
[22] Kuznets, S. 1955. Economic Growth and Income inequality, America Economic Review, 45: 1-28.
[23] Leijonhufvud, A. 1968. On Keynesian Economics and the Economics of Keynes, London: Oxford University Press.
[24] Lucas, R. E. Jr. 1988. On the Mechanics of Economic Development, Journal of Monetary Economics, 22: 3-42.
[25] Marshall, A. 1920. Principle of Economics, London; Macmillan.
[26] Mises, L. V. 1953[1912]. The Theory of Money and Credit, New Haven, CT: Yale University Press.
[27] Murphy, K. M., Shleifer, A. and Vishny, R. W. 1989b. Income Distribution, Market Size and Industrialization. Quarterly Journal of Economics, 104 (3): 537-564.
[28] Olson, M. 2000. Power and Prosperity: Outgrowing Communist and Capitalist Dictatorship, New York: Basic Books.
[29] Persson, T. and Tabellini, G. 1990. Macroeconomic Policy, Credibility and Politics, London: Harwood.
[30] Romer, P. M. 1986. Increasing Returns and Long-run Growth; Journal of Political Economy, 94(5): 1002-1037
[31] Romer, P. M. 1990. Endogenous Technological Change; Journal of Political Economy, 98(5):71-102.
[32] Salop, S. C. 1979. A Model of the Natural Rate of Unemployment: America Economic Review, 69(1): 117-125.
[33] Snowdon, B. and Vane, R. H. 2005. Modern Macroeconomics, Its Origin, Development and Current State. Chettenham, UK. Edward Elgar.
[34] Solow, R. M. 1956. A Contribution to the Theory of Economic Growth. Quarterly Journal of Economics, 70(1) 65-94.
[35] Solow, R. M. 1957. Technical Change and the Aggregate Production Function. Review of Economics and Statistics, 39(3) 312 -320.
[36] Solow, R. W. 1979. Another Possible Source of Wage Stickiness; Journal of macroeconomics, 1(1): 79-82.
[37] Summers, H. L. 1981. Taxation and Corporate Investment. A q-theory Approach. Brookings Papers on Economic Activity, 1: 67-140
[38] Swan, T. W. 1956. Economics Growth and Capital Accumulation, Economic Records, 32(3): 334 – 361.
[39] Tinbergen, J. 1952. On the theory of Economic Policy, Amsterdam: North-Holland.
[40] Yallen, J. L. 1984. Efficiency Wage Models of Unemployment. America Economic Review, 74(2): 200 – 205.
https://en.wikipedia.org/wiki
https://www.merriam-webster.com/dictionary
Published
2018-06-30
How to Cite
SENZU, Emmanuel Tweneboah.
INVESTMENT ATTRACTION, COMPETITION AND GROWTH; THEORETICAL PERSPECTIVE IN THE CONTEXT OF AFRICA.
Theoretical and Practical Research in Economic Fields, [S.l.], v. 9, n. 1, p. 92-102, june 2018.
ISSN 2068-7710.
Available at: <https://journals.aserspublishing.eu/tpref/article/view/2240>. Date accessed: 25 apr. 2024.
doi: https://doi.org/10.14505/tpref.v9.1(17).10.
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