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The Determinant Of Savings In Nigeria (1985-2011)
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1.5 SIGNIFICANCE OF THE STUDY
The
findings and subsequent proposal would be useful to policy makers in
policy formations. This study as believed by the researchers would go a
long way in contributing to the academic development of the theories of
determinant of savings in Nigeria, student of economics and other
related fields, would find the study very useful and would serve as a
reference point to future researches who might want to research further
on the topic.
1.6 STATEMENT OF THE HYPOTHESES
H1: the determinant of savings in Nigeria cannot be ascertained
H2: the magnitude and nature of the elasticities of the savings functions in Nigeria cannot be determined.
H1: the factor that influence savings have no significant determinant in Nigeria.
H2: saving has no significant impact on economic growth.
1.7 SCOPE AND LIMITATION OF THE STUDY
The
scope of this study is to estimate and evaluate the determinants of
savings in Nigeria (1980-2008). The research has been contained by lack
of fund, human error and limited time frame which imposed difficulties
when serious attempt to effect a general in depth towards the study of
the determinants of saving in Nigeria.
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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 ... Continue reading---
