Our focus in this study is capital formation and growth. The study applied Harrod –Domar model to Nigerian growth model and tested if it can work in Nigeria. The ordinary least square multiple regression analytical method was used to examine the relationship between capital formation and...

This paper contributes to the empirical literature by providing a simple theoretical and empirical literature framework. For this purpose we address the neoclassical model of capital accumulation reproduces many of the stylised facts about economic growth and is consistent with many features of...