Effect of external debt on economic growth of Nigeria.

  • Type: Project
  • Department: Economics
  • Project ID: ECO0615
  • Access Fee: ₦5,000 ($14)
  • Pages: 55 Pages
  • Format: Microsoft Word
  • Views: 713
  • Report This work

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


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
justify their effects on economic growth. The results of the findings further
suggest that external debt has a significant impact on the level of economic
growth in Nigeria. Therefore, the study recommends among others that African
debtor nations should come together to form a union and bargain with their
creditor’s guild rather than facing such guild of London and Paris Club
individually, and that the government should ensure that the money saved from
debt cancellation is invested in changing the lives of millions of people in
Nigeria by providing more educational and health facilities.


TABLE OF CONTENTS

CHAPTER ONE:

INTRODUCTION



1.1   Background to the Study

1.2   Statement of the Problems

1.3   Objective of the Study

1.4   Significance of the study


1.5 Statement of hypothesis   

1.6 Scope of the study   

1.7 Organization of the study

CHAPTER TWO: LITERATURE REVIEW& CONCEPTUAL FRAMEWORK


2.1     Conceptual Framework

2.2  External Debt Burden and Debt Service Capacity

2.3  Analytical Framework for Measuring Debt Servicing Payment and its  Sustainability

2.4  Trend and Structure of Nigeria’s External Debt

2.5 Reasons for Nigeria’s External Debt Trap


2.6 Approaches on Nigeria’s Debt Management

2.7 Justification for Debt Relief

2.8 The Probable Effect of Debt Cancellation on Nigeria’s Economy 


CHAPTER THREE: RESEARCH METHODS

3.1 Introduction 

3.2 Nature and source of data


3.3 Estimation Technique


3.4  Model Specification 


3.5  Definition of variables

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS



4.1  Introduction 


4.2  Presentation of result


4.3 Trends in the variables 


4.4  Policy implication


 CHAPTER FIVE: SUMMARY, CONCLUSION AND    RECOMMENDATIONS

5.1  Summary 

5.2  Conclusion 

5.3 Recommendations  


REFERENCES



 



 



 



 



 



 



 



 



 



 



 



 



 



 
Effect of external debt on economic growth of Nigeria.
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO0615
  • Access Fee: ₦5,000 ($14)
  • Pages: 55 Pages
  • Format: Microsoft Word
  • Views: 713

500
Leave a comment...

    Related Works

    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
    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 reviewed the 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... 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
    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
    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... 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
    Call Us Get this work