THE DETERMINANTS OF INVESTMENT DEMAND IN A DEVELOPING ECONOMY

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Date
2000-05
Authors
EDET, HELEN EFFIONG
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Abstract
With respect to existing theories of investment demand we hold the view that some do not provide adequate explanation to aggregate investment behaviour in a developing economy. This is due to the fact that the co-operating factors such as Human Capital, technology and raw materials needed to make a given investment profitable are not given much attention . Whereas, in developed economies, these cooperating factors are relatively abundant and, therefore, do not affect investment decisions. In developing economy the cooperating factors earlier mentioned places as serious limitation to the amount and rate of investment possible because of the relative scarcity. Nigeria today would not have been dependent on oil revenue alone, but adequately self sufficient if its material and natural resources were provided with valuable transparent and appropriate investment outlet, but due to political, social and security inconsistency, Nigeria cannot boast of economic development. The lack of sustainable communication net-work and poorly in adequate information on area of investment have by and large tendered Nigeria an unfriendly environment for investment for both local and foreign investors. It is therefore our position to find, evaluate and communicate solution that will make Nigeria move forward in terms of economic development.
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A PROJECT SUBMITTED TO THE POST GRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTERS IN BUSINESS ADMINISTRATION (MBA) DEPARTMENT OF BUSINESS ADMINISTRATION FACULTY OF ADMINISTRATION AHMADU BELLO UNIVERSITY ZARIA MAY 2000
Keywords
DETERMINANTS,, INVESTMENT,, DEMAND,, DEVELOPING ECONOMY
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