The Nexus Between External Debt and Economic Growth in Nigeria.

ISBN-13: 9786202072762 / Angielski / Miękka / 2017 / 56 str.

Babatunde Afolabi; Laoye Awoniyi; Raphael Ayeni

Opis

This book examined the effects of external debt on economic growth in Nigeria. It used time series data with the scope spanning from 1980-2014. The objective was to examine the impact of external debt on economic growth in Nigeria, and to determine the long run and short run relationship between external debt and economic growth in Nigeria. The book adopted the co integration test to examine their causal relationship, and also employed error correction model and granger causality test to determine the direction of relationship between external debt and economic growth in Nigeria. The findings of the book revealed that there was a negative relationship between external debt and economic growth in the long run. It therefore recommend amongst other things that all revenue and external reserves should be well managed and be judiciously used for infrastructures and development projects through proper planning to bring about economic growth thus, increasing the RGDP of the economy and impacting the lives of the citizenry. The findings, conclusion and recommendations of this book will be an invaluable asset to policy makers in Sub-Saharan Africa and in emerging economies to draw insights

O autorze

Babatunde Afolabi, Ph.D studied BSc MSc Economics and has a Doctor of Philosophy in Banking and Finance from Ekiti State University, Ado Ekiti. Nigeria. He is a Senior Lecturer and Head of Department of Economics at Afe Babalola University, Ado Ekiti, Nigeria.