Effect Of External Debt On Economic Growth Of Nigeria.

55 pages ID: ECO1121

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DepartmentEconomics
TypeProject
Pages55
Reference StyleYES
FormatMS Word & PDF
Reference No.ECO1121

Abstract

ABSTRACT The study investigates the effect of external debt on economic growth in Nigeria. The study however investigates the level of real Gross Domestic Product vis-à-vis external debt, external reserve, debt service and government expenditure. Ordinary Least Square [OLS] is used to estimate four major macroeconomic variables in order to justify their effects on economic growth. The results of the findings further suggest that external debt has a significant impact on the level of economic growth in Nigeria. Therefore, the study recommends among others that African debtor nations should co…

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