EXTERNAL DEBT BURDEN AND THE ECONOMIC GROWTH IN NIGERIA
- Project Research
- 1-5 Chapters
- Quantitative
- Regression
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study examines the external debt burden and the economic growth in Nigeria. Data for the study are collected from the World Bank and Central Bank of Nigeria Statistical Bulletin. The variables on which data are sourced include gross domestic product, domestic debt, external debt, and real interest rate. Gross domestic product is the dependent variable while external debt, Domestic debt and real interest rate are the major explanatory variables. The scope of the study covers the period from 2002 to 2013 and data are analyzed using the ordinary least squares regression technique. The regression results indicate that external debt exerts a significant negative influence on economic growth and that external debt has a strong and significant more than domestic debt. The other factors are insignificant in explaining economic growth under this scenario. Thus, the study recommends a more purposeful borrowing pattern and revenue generation through profitable capital investments as the remedy for a foreign debt crisis in the country. The study also suggests a revival of abandoned industries as a more effective way of reducing foreign borrowing, creating employment opportunities and alleviating poverty in the country.
Related Project Materials
THE ROLE THE OFFICE MANAGER IN ENSUING AN EFFECTIVE DECISION MAKING PROCESS IN THE MODERN OFFICE
ABSTRACT
Office management has identifiedone of what companies require to dominate in an industry. Past studies have dea...
THE EFFECTS OF TWO TEACHING METHODS ON ACADEMIC ACHIEVEMENT OF JUNIOR SECONDARY SCHOOL STUDENTS IN HOME ECONOMICS
ABSTRACT
The study focused on the impact of teaching methods of home economics on academic achievement of junior sec...
DESIGN AND IMPLEMENTATION OF AN ONLINE CAMPUS OPINION POLL SYSTEM
OBJECTIVES OF THE STUDY
The major objective of the study is to design and implement an online campus opinion poll system...
CHALLENGES TO IGBO TRADITIONAL RELIGIO-CULTURAL RENAISSANCE IN THE MIDST OF GLOBALIZATION
ABSTRACT
The issue of revival of Igbo culture has become a major concern to Igbo scholars and cultural revivalists. The Igbo cultural val...
ASSESSMENT OF PETROLEUM PROFIT TAX UNDER THE NIGERIAN TAX LAWS
Problems of the Research
There are many problems affecting the petroleum profit tax in general and the petroleum profit...
CLASSROOM GOAL STRUCTURE, STUDENT MOTIVATION AND ACADEMIC ACHIEVEMENT AMONG SECONDARY SCHOOL STUDENTS
EXCERPT FROM THE STUDY
Research on the student achievement in relation to classroom goal structure perceptions revealed...
ASSESSMENT OF RISK RESPONSE TECHNIQUES FOR CONSTRUCTION PROJECTS UNDER DESIGN BID BUILD AND DESIGN & BUILD PROCUREMENT METHODS IN ABUJA
ABSTRACT
The non-implementation of risk management techniques constitutes a lot to most of the project failures encountered nowadays. Thi...
THE EFFECT OF DENOMINATIONAL PRACTICES ON THE GROWTH OF THE CHURCH
Abstract
The study on the effect of denominational practices on the growth of the churches tries to fin...
THE CAUSES AND EFFECT OF TEENAGE PREGNANCY ON THEIR ACADEMIC PERFORMANCE IN EGOR LOCAL GOVERNMENT AREA OF EDO STATE
ABSTRACT
This project was carried out in order to identify and examine the causes and effect of teenage pregnancy on the...
PROBLEM OF PREGNANCY AND ABORTION ON GIRL-CHILD EDUCATION IN NIGERIA
ABSTRACT
This study was carried out to examine the problem of pregnancy and a...
