EXTERNAL DEBT AND ECONOMIC GROWTH IN NIGERIA

  • Type: Project
  • Department: Accounting
  • Project ID: ACC4092
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 123 Pages
  • Methodology: Statistical Analysis
  • Reference: YES
  • Format: Microsoft Word
  • Views: 363
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT

This study reviewed the External Debt and Economic Growth in Nigeria with specific emphasis on Nigeria Over the period of 1985-2014. One major problem of this study is under development of the Nigeria Economy. An objective of the study is to measure the impact of external debt on the Growth of the nation. The theoretical view sees External debt as fiscal policy instrument which fills the savings Gap. By extension, external debt supplements Government external reserves and sustainable economic growth. In Empirical result, borrowings should become an option only when high priority projects are being considered and borrowed fund should be strictly monitored and evaluated to ensure they are used for the purpose for which they are borrowed. The Research design used in this study is the ex-post facto as method of design. The ordinary least square multiple regression analytical method was- used to analyze the results where GDP as the dependent variable and multilateral debt, Paris club debt, London club debt, promissory notes and others debt on the other hand were the independent variables. Student T-test and Pearson correlation was used to test the hypotheses. The analysis of the data revealed that all the forms of external debts contributed towards the growth of the GDP, the Pearson correlation explained that GDP had an inverse relationship with Paris club debt and Promissory notes while the dependent variable had a direct relationship with the rest of the independent variables. The hypotheses tested revealed that all the independent variables have a positive impact and are also significant to the effect of the dependent variable there by rejecting the null hypotheses and accepting the alternate hypotheses. The study concluded that external debts have a significant impact on the economic growth in Nigeria and therefore recommends that there should be an improvement in the management of these external debt borrowings towards sustainable growth.


EXTERNAL DEBT AND ECONOMIC GROWTH IN NIGERIA
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC4092
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 123 Pages
  • Methodology: Statistical Analysis
  • Reference: YES
  • Format: Microsoft Word
  • Views: 363
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC4092
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 123 Pages
    Methodology Statistical Analysis
    Reference YES
    Format Microsoft Word

    Related Works

    CHAPTER ONE INTRODUCTION 1.1       Background to the Study One of the key macroeconomic objectives of a nation is the achievement of sustainable economic growth. To achieve this goal, every Government requires a substantial amount of capital finance through investment expenditures on infrastructural and productive capacity development... 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
    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 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
    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 IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH OF NIGERIA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Economic theory suggests that reasonable levels of borrowing by a developing country are likely to enhance its economic growth. When economic growth is enhanced (at least more than 5% growth rate) the economy’s poverty situation is... 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
    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
    Call Us
    whatsappWhatsApp Us