Empirical Approach to the Effect of External Debt on Economic Growth The Nigerian Case

Egiyi, Modesta Amaka (2017) Empirical Approach to the Effect of External Debt on Economic Growth The Nigerian Case. International Journal of Research in Management, 7 (4). pp. 1-11. ISSN 2249-5908

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Abstract

This research work attempted an empirical approach investigating the effect of external debt on economic growth in Nigeria. Ordinary least squares regression method was employed using SPSS version 24. Three hypotheses were tested of which findings revealed that:external debt has no positive significant impact on economic growth in Nigeria; external debt has no positive significant influence on the value of Naira and external debt has no positive significant influence on inflation in Nigeria. Recommendations were made of which included that Government should adopt efficient budgetary control measures to ensure they maintain a balanced budget in order to minimize the rate of external borrowing.

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Arts > Faculty of Law > Faculty of Management and Social Sciences > Faculty of Education
Depositing User: mrs chioma hannah
Date Deposited: 13 Jul 2020 12:18
Last Modified: 13 Jul 2020 12:18
URI: http://eprints.gouni.edu.ng/id/eprint/2574

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