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THE DETERMINANT OF SAVINGS IN NIGERIA (1985-2011)
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- Contributor: mr-chris
- engagements: 108
- Case No: 603332pw
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ABSRACT - [ Total Page(s): 1 ]The term savings refers to the part of income immediately spent or consumed but reserved for futureconsumption, investment or unforeseen contingencies. This study examines the determinants of savings in Nigeria between 1985-2011, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. The method of analysis used in testing the hypothesis are coefficient of multiple determination {R2}, T –test,F-statistics. Data for the study was obtained from the central bank of Nigeria statist
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CHAPTER ONE - [ Total Page(s): 4 ]Nigerians savings still falls below the requirement of its financial system due to low per capital income, under investment in productive instruments, and investment in unproductive channels e.g. Glod, jewel, income inequalities and demonstration effects, etc.to remedy this problem depend on the level of development of the financial sector mentioned above as well as the saving habit of the citizens. The availability of investible funds can be a starting point for all investment. In the economy which will eventually translate to economic growth and development (Uremadu 2006).The ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]The term savings refers to the part of income immediately spent or consumed but reserved for futureconsumption, investment or unforeseen contingencies. This study examines the determinants of savings in Nigeria between 1985-2011, which will enable us to proffer solution for the improvement of savings in the economy, since it is an important component of the economic development of any country. The method of analysis used in testing the hypothesis are coefficient of multiple determination {R2}, T –test,F-statistics. Data for the study was obtained from the central bank of Nigeria statist
... Continue Reading
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