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THE IMPACT OF EXTERNAL DEBT ON NIGERIA ECONOMY (1985-2011)
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- Contributor: mr-chris
- engagements: 130
- Case No: 547906pw
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ABSRACT - [ Total Page(s): 1 ]This work evolved out of the zeal to provide an immense understanding of the Nigeria economic of debt. The broad objective of this study was to evaluate the impact of external debt on the development of the Nigeria economy within the life-span of 1985-2011.The models in this study was used to evaluate the developmental relationship between the independent variables and the dependent variables. The data were sourced from the Federal office of statistics, CBN statistical bulletin 2011, and international monetary fund (IMF). The ordinary least square method (OLS) was employed in the cause of stud
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CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONE1.1 BACKGROUND OF STUDYMost economic development literature described the 1950‘s and 1960‘s as ―Golden Years‖, which marked the rate of development in developing countries whose development at the period was just high and internally generated. Also, the less developed countries (LDCs) increased their investment with little or no reliance on external resources (Daily Sun; 2007).On the contrary, most of the development experienced in 70‘s was ―debt led‖. This was a result that these countries maintain persistent current account deficits, w ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]This work evolved out of the zeal to provide an immense understanding of the Nigeria economic of debt. The broad objective of this study was to evaluate the impact of external debt on the development of the Nigeria economy within the life-span of 1985-2011.The models in this study was used to evaluate the developmental relationship between the independent variables and the dependent variables. The data were sourced from the Federal office of statistics, CBN statistical bulletin 2011, and international monetary fund (IMF). The ordinary least square method (OLS) was employed in the cause of stud
... Continue Reading
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