A look at the growth and income distribution of Nigeria and the United States.
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Paper Summary:
This paper looks at a number of economic indicators in order to compare the growth and income distribution of Nigeria since the 1960s with that of the United States for the same time period.
From the Paper:
"Between fiscal year (FY) 1959 and 1967, GDP grew by 6.0 percent annually. According to statistics, GDP shrank at an annual rate of 1.1 percent between FY 1967 and FY 1970. However, this does not take into account political upheavals such as the secession of the Eastern Region in 1968 or the war that ended in 1970. It is thus highly likely that the decline in net domestic production is understated in the statistics, since annual measures of GDP do not reflect wartime capital destruction."
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