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The Determinant Of Savings In Nigeria (1985-2011)
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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 statistical bulletin, the major findings was that per capita disposable income{pdy} has a positive and significant impact on aggregate savings in Nigeria. Based on the findings, some recommendations of policy and suggestions have been made.
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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 ... Continue reading---
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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 ... Continue reading---
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ABSRACT -- [Total Page(s) 1]
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