Utomi, Winifred (2014) The Impact of External debt on Economic Growth in Nigeria. Other thesis, Covenant University.
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Abstract
The study investigated the impact of external debt on economic growth in Nigeria for the period 1980-2012. Time series data on external debt stock and external debt service was used to capture external debt burden. The study set out to test for both a long run and causal relationship between external debt and economic growth in Nigeria. An empirical investigation was conducted using time series data on Real Gross Domestic Product, External Debt Stock, External Debt Payments and Exchange Rate from 1980-2012. The techniques of Estimation employed in the study include Augmented Dickey Fuller (ADF) test, Johansen Co-integration, Vector Error Correction Mechanism and Granger Causality Test. The results show an insignificant long run relationship and a bi-directional relationship between external debt and economic growth in Nigeria.
| Item Type: | Thesis (Other) |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance |
| Divisions: | UNSPECIFIED |
| Depositing User: | Oluwadara Olorunsemilogo |
| Date Deposited: | 30 Jun 2014 11:55 |
| Last Modified: | 30 Jun 2014 11:55 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/2641 |
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