Browsing by Author "Awodun Muritala, Oyedele John, Adam Lukman"

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    Paradigmatic Change and Wealth Creation
    (2011-12) Awodun Muritala, Oyedele John, Adam Lukman
    It is long settled that economic growth, especially when sustainable is a necessary condition for development, Growth theories are also often discussed within the context of macro economics. This study fills this analytical gap, rally therefore, most applied studies on economic growth limit their analytical horizon to the national and subnational level thereby ignoring the mass of the population where the daily to day economic activities take place. The objective is to determine whether or not the exogenous and the endogenous growth theories apply to a subnational entity of Kwara State of Nigeria, with a population of over three million. Using the case study method, the indicators of growth were in terms of specific projects undertaken in the state between 2003 and 2011 were reviewed. Findings show that the Neoclassical theory of growth aptly explains growth in output and wealth experienced by the state during the period under review. The study recommends that the state must sustain the focus on getting results rather than worrying about constraints. Keywords: Neoclassical, Exogenous, Endogenous, Pragmatic