IMPLICATION OF SAVINGS AND INVESTMENT ON ECONOMIC GROWTH IN NIGERIA.

Nwanne, T.F.I (2016) IMPLICATION OF SAVINGS AND INVESTMENT ON ECONOMIC GROWTH IN NIGERIA. International Journal of Small Business and Entrepreneurship Research, 2 (4). pp. 74-86. ISSN 2053-583X

Text done-Implications-of-Savings-and-Investment-on-Economic-Growth-in-Nigeria.pdf Download (154kB)

Abstract

There is large empirical literature which examines the implications of savings and investment on economic growth in Nigeria. However, little attention has been given to examining the implications of savings and investment on economic growth in Nigeria. The aim of this paper is to evaluate the implications of savings and investment on economic growth in Nigeria using ordinary least square regression. Results for ADF and PP unit root tests show that all variables under consideration are I(1). The study also revealed that there is long run relationship between savings, investment and economic growth in Nigeria. The result of the regression indicates that change in gross domestic savings movements has negative and significant effect on the change in economic growth in Nigeria and that the change in gross domestic investment has positive and significant effect on the change in the Nigerian economic growth. We therefore recommend that government should set a sound and fertile environment in order to foster domestic saving that will help to increase the level of economic growth in Nigeria. KEYWORDS: Savings, Investment, Economic Growth, ADF, PP.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance H Social Sciences > HJ Public Finance
Divisions:	Faculty of Management and Social Sciences
Depositing User:	GOUNI ICT
Date Deposited:	05 May 2018 20:45
Last Modified:	18 Jun 2019 15:41
URI:	http://eprints.gouni.edu.ng/id/eprint/11

Actions (login required)

View Item