THE EFFECT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA (STUDY COVERING THE PERIOD FROM 1981-2010)

THE EFFECT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA (STUDY COVERING THE PERIOD FROM 1981-2010)

Project Details

THE EFFECT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA (STUDY COVERING THE PERIOD FROM 1981-2010)


42 Pages, Chapter 1-5
Ms Word

08062235854

Contact Chris Research

Description

The study examines whether external debt actually promotes economic growth in developing countries using Nigeria as a case study. Annual time series data was gathered from the Central Bank of Nigeria Statistical bulletin and Debt Management Office from 1981 to 2010. The data were fitted into the regression equation using econometric technique of Multiple Regression Analysis.  The findings from the error correction method show that external debt has contributed positively to the Nigerian economy. The study recommends that government should ensure economic and political stability and external debt should be acquired largely for economic reasons rather than social or political reasons.

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1.1       Background of the Study

1.2       Statement of Problem

1.3       Objective of the Study

1.4       Research Question

1.5       Statement of the Hypothesis

1.6       Justification of Study

1.7       Research Methodology

1.8       Scope and Plan of the Study

1.9       Definition of Terms

CHAPTER TWO: CONCEPTUAL AND THEORETICAL FRAMEWORK

2.1       Nigeria: General Economic Background

2.1.1    Origin of Nigeria’s External Debt

2.1.2    Causes of Nigeria’s Eternal Debt

2.1.3    Sources of Nigeria’s External Debt

2.1.4    Problems of External Debt

2.1.5    Management of External Debt

2.1.6    Impact of External Debt on Economic Development

2.2       Empirical Review

CHAPTER THREE: RESEARCH METHODOLOGY

3.1       Introduction

3.2       Restatement of Research Questions and Hypothesis

3.3       Research Design

3.4.      Data

3.5.      Model Specification

3.5.1.   Model Building

3.6.      Method of Data Analysis

3.7.      Criteria for Decision Making

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS OF RESULT

4.1       Introduction

4.2       Data Presentation

4.3       Presentation of Results

4.3.1.   Evaluation Based on Econometric Criteria.

4.3.2    Standard Error Test

4.3.3    The Student T-Test

4.3.4    Coefficient of Multiple Determination

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.0       Summary

5.1       Conclusion

5.2       Recommendations

References

Appendix

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