An Assessment of the Economic Development Existence in Nigeria

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MATTHEW OLADAPO GIDIGBI
MATTHEW OLADAPO GIDIGBI
σ
Benedict N. Akanegbu Phd.
Benedict N. Akanegbu Phd.
α Nasarawa State University Nasarawa State University

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An Assessment of the Economic Development Existence in Nigeria

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Abstract

Poverty incidence and unemployment rate of the developing countries have been increasing as they claimed development in their economies, the situation in which Nigeria is not an exception. Thereby, this study set to investigate whether economic development existed in the country in the past 27 years, covering the periods of 1986 -2012. Likewise, to inform the decision makers and policy implementers about the appropriate usage of the words ‘economic development’, and as well portends its redefining and differentiation between ‘GDP growth and GDP widening’. The study stipulated ideal methods of assessing the existence of economic development based on the extant definitions from the most relevant authors in the field of Development Economics.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

MATTHEW OLADAPO GIDIGBI. 2014. \u201cAn Assessment of the Economic Development Existence in Nigeria\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 14 (GJMBR Volume 14 Issue B5): .

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Issue Cover
GJMBR Volume 14 Issue B5
Pg. 55- 60
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Version of record

v1.2

Issue date

September 3, 2014

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Poverty incidence and unemployment rate of the developing countries have been increasing as they claimed development in their economies, the situation in which Nigeria is not an exception. Thereby, this study set to investigate whether economic development existed in the country in the past 27 years, covering the periods of 1986 -2012. Likewise, to inform the decision makers and policy implementers about the appropriate usage of the words ‘economic development’, and as well portends its redefining and differentiation between ‘GDP growth and GDP widening’. The study stipulated ideal methods of assessing the existence of economic development based on the extant definitions from the most relevant authors in the field of Development Economics.

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An Assessment of the Economic Development Existence in Nigeria

Matthew Oladapo GIDIGBI
Matthew Oladapo GIDIGBI Nasarawa State University
Benedict N. Akanegbu Phd.
Benedict N. Akanegbu Phd.

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