The Effect Of External Debt Burden On Growth And Poverty In Nigeria (1980 - 2015)

84 pages ID: ECO1017

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DepartmentEconomics
TypeProject
Pages84
Reference StyleYES
FormatMS Word & PDF
Reference No.ECO1017

Abstract

ABSTRACT This study analyzes the effect of external debt burden on growth and poverty in Nigeria within the framework of the error correction model, using annual time series data from 1980 - 2015. The study reveals that economic growth and poverty in Nigeria and their hypothesized determinant are generally I (1) series, with one co-integration equations existing among their linear combinations. Our results show that, the variables in the model, debt overhang, stock of external debt, and public debt service are positively related to increase gross domestic product in model 1, while in model tw…

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Pages84
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