+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

The Effect of External Debt Burden on Growth and Poverty in Nigeria (1980 - 2015)

  • Type:Project
  • Pages:84
  • Format:Microsoft Word
(Economics Project Topics & Materials)

ABSTRACT

This study analyzes the effect of external debt burden on growth and poverty in Nigeria within the framework of the error correction model, using annual time series data from 1980 - 2015. The study reveals that economic growth and poverty in Nigeria and their hypothesized determinant are generally I (1) series, with one co-integration equations existing among their linear combinations. Our results show that, the variables in the model, debt overhang, stock of external debt, and public debt service are positively related to increase gross domestic product in model 1, while in model two only external debt stocks is positively related to poverty as proxy with per-capital real gross domestic product in the country. Overall the variables account for 65% and 63% of the variation in gross domestic product and poverty and they are highly significant at 5% as shown by the F-statistic (p < 0.05). The coefficient of the ECM behaved well in both model, having its expected negative sign and is significant at 5%. However, the speed of adjustment is relatively high in model two. In order to increase the level of economic growth and thus reduce the poverty, the following recommendations are made: A conducive macroeconomic policy environment, Improve political and social stability, Reduction of hassle costs and Sound fiscal policy

 

  • TABLE OF CONTENTS
    Pages
    Title Page
    Certification ii
    Dedication iii
    Acknowledgements iv
    Abstract v
    Table of Contents vi
    List of Tables viii
    List of Figures ix
    CHAPTER ONE: INTRODUCTION
    1.1 Background of the Study 1
    1.2 Statement of the Problem 3
    1.3 Objectives of the Study 5
    1.4 Research Questions 5
    1.5 Research Hypotheses 6
    1.6 Significant of the Study 7
    1.7 Scope of the Study 7
    1.8 Organization of the study 8
    1.9 Definition of Terms 8
    CHAPTER TWO: LITERATURE REVIEW
    2.1 Conceptual and Theoretical Review 8
  • 2.2 Empirical Review 14
    2.3 Implication of Review on the Current Study 19
    CHAPTER THREE: THEORETICAL FRAMEWORK AND METHODOLOGY
    3.0 Introduction 20
    3.1 Model Specification 20
    3.2 Explanation of variable 22
    3.3 Estimation technique and unit root test 23
    3.4 Source and measurement of data 23
    CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
    4.1 Presentation of Results 26
    4.2 Discussion of Results 36
    4.3 Comparison of Results with Previous Studies 39
    4.4 Summary of Findings
    CHAPTER FIVE: SUMMARY RECOMMENDATIONS AND CONCLUSION
    5.1 Summary 41
    5.2 Conclusion 42
    5.3 Recommendations 42
    5.4 Limitations of the Study 43
    5.5 Suggestions for Further Study 43
    References 44
    Appendix
The Effect of External Debt Burden on Growth and Poverty in Nigeria (1980 - 2015)

Share This

Details

Type Project
Department Economics
Project ID ECO0803
Price ₦3,000 ($9)
No of Pages 84 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO0803
    Price ₦3,000 ($9)
    No of Pages 84 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This study analyzes the effect of external debt burden on growth and poverty in Nigeria within the framework of the error correction model, using annual time series data from 1980 - 2015. The study reveals that economic growth and poverty in Nigeria and their hypothesized determinant are generally I (1) series, with one co-integration... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1     OVERVIEW OF THE STUDY The Nigeria economy as we all know is characterized by a number of socio- economic problems. These problems include: import dependence, dependence on a single economic sector, weak industrial base, a low level of agriculture production, a weak private sector, dependence on foreign loan,... Continue Reading
    THE IMPACT OF DEBT BURDEN ON ECONOMIC GROWTH OF NIGERIA CHAPTER ONE INTRODUCTION 1.1     OVERVIEW OF THE STUDY The Nigeria economy as we all know is characterized by a number of socio- economic problems. These problems include: import dependence, dependence on a single economic sector, weak industrial base, a low level of agriculture... Continue Reading
    7 ABSTRACT This work evolved out of the need to provide an in-depth understanding of the economics of debt in Nigeria. This study aims at analysing the effectiveness of external debt on economic growth within a span of 1981-2010. The broad objective of this work is specified to evaluate the impact of external debt stock and debt servicing on... Continue Reading
    ABSTRACT The study investigates the effect of external debt on economic growth in Nigeria. The study however investigates the level of real Gross Domestic Product vis-à-vis external debt, external reserve, debt service and government expenditure. Ordinary Least Square [OLS] is used to estimate four major macroeconomic variables in order to... Continue Reading
    Abstract This study investigated the impact of external debt on economic growth in Nigeria for the period 1980-2015. Time series data on external debt stock and external debt service payment was used to capture external debt burden. Other variables such as exchange rate and Foreign Direct Investment where employed. The study set out to test for... Continue Reading
    This work examines the impact of external debt flow on Nigerian economic growth. CHAPTER ONEINTRODUCTION1.1 BACKGROUND TO THE STUDYA very crucial goal for any reasonable government is to attain a sustainable economicgrowth. To attain this vital goal it may have to finance crucial infrastructure projects and to investin development of productivity.... Continue Reading
    CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY Every country in the world aim at achieving economic growth and development. However, this is only possible if a country has adequate resources. In developing countries, especially those in sub Sahara Africa, the resources to finance the optimal level of economic growth and development are in short... Continue Reading
    The study investigated the impact of external debt on economic growth in Nigeria for the period 2006-2015. Time series data on external debt outstanding, interest rate was used to capture external debt burden. The study set out to test the significant relationship between external debt and economic growth in Nigeria. An empirical investigation was... Continue Reading
    The study investigated the impact of external debt on economic growth in Nigeria for the period 2006-2015. Time series data on external debt outstanding, interest rate was used to capture external debt burden. The study set out to test the significant relationship between external debt and economic growth in Nigeria. An empirical investigation was... Continue Reading