Effect Of External Debt On Economic Growth Of Nigeria.

55 pages ID: ECO0615

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Project Details

DepartmentEconomics
TypeProject
Pages55
Reference StyleYES
FormatMS Word & PDF
Reference No.ECO0615

Abstract

ABSTRACTThe study investigatesthe effect of external debt on economic growth in Nigeria. The study howeverinvestigates the level of real Gross Domestic Product vis-à-vis external debt,external reserve, debt service and government expenditure. Ordinary LeastSquare [OLS] is used to estimate four major macroeconomic variables in order tojustify their effects on economic growth. The results of the findings furthersuggest that external debt has a significant impact on the level of economicgrowth in Nigeria. Therefore, the study recommends among others that Africandebtor nations should come together…

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