ABSTRACT This study reviewed the External Debt and Economic Growth in Nigeria with specific emphasis on Nigeria Over the period of 1985-2014. One major problem of this study is under development of the Nigeria Economy. An objective of the study is to measure the impact of external debt on the Growth of the nation. The theoretical view sees External debt as fiscal policy instrument which fills the savings Gap. By extension, external debt supplements Government external reserves and sustainable...
ABSTRACT This research work is on the “Impact of Industrial Output on the Economy of Nigeria” between the period of thirty years (30) covered from 1980-2010. Impact of industrial output on the economy of Nigeria is a continuous discussion to every economy especially developing economics which will give rise to economic growth and development of a nation. Secondary data was used on PC Give 8.00 version package to regress the model with GDP as the dependent variable, and industrial output, ...
Nigeria’s debt profile has been on the increase over the years, and the country may soon reach a debt threshold that would affect economic growth negatively. This may lead the economy to a debt trap. The study empirically examines the impact of external debt on economic growth in Nigeria. Descriptive and econometric analytical tools were used in data analyses. Data on Real Gross Domestic Product (RGDP), External Debt Stock, External Debt Service Payment, and Exchange Rate were collected f...
Abstract: The growth rate for the Botswana economy has slowed down in recent years. This has been explained by weak global demand in minerals, subdued commodity prices and persistent electricity supply problems. The government is making efforts to diversify the economy to tap from other sources of growth. The government has come with two initiatives to boast growth: increasing expenditure on roads and improved generation of electricity. Literature has failed to agree on the causal linkage be...
Towards the acceleration of the attainment of sustainable growth, most countries have focused on agricultural exports as a means of driving their economy. Developing countries of Africa are highly dependent on the agricultural sector and agricultural exports are a major determinant of economic growth of these countries. However, the impact of agricultural exports on economic growth of ECOWAS countries remains unclear. This study therefore evaluates the impact of agricultural exports on the ec...
ABSTRACT The study investigated the causal relationship between economic growth and foreign direct investment in Namibia. It used annual secondary time series data covering the period between 1980 and 2016 for the following variables: economic growth, foreign direct investment and manufacturing. The study employed Vector Error Correction (VECM) Model to analyse the data. The time series properties of the data were analysed using Augmented Dickey Fuller (ADF) and Phillips-Perron (PP) unit ...
ABSTRACT The objectives of this paper are to: examine whether there is a long-run relationship between financial development and economic growth in Namibia and hence determine the direction of causality as well as the implications of such results for a financial sector policy- oriented growth in the economy. In order to test for the existence of long run relationship between the variables, the study employs a cointegration and error correction modeling (ECM) technique. The study uses quarterl...
Abstract China’s remarkable economic growth and relative stability have seen it taking on bigger international roles as an economic and political power of its own kind and in its own right. In fact, it has been opined that “there is unequivocal evidence that China has positioned itself as (the) economically relevant country in the world in recent times such that, it is described as the world’s emerging giant among emerging economies, and as ‘economic powerhouse’.” Being this plane...
This study theoretically and empirically set out to investigate the Deregulation of the Nigerian Oil sector and its economic growth. Theoretical and conceptual propositions of the Benign Perspective of Natural resource abundance beneficial to growth revealed that the oil sector affects the country’s economic growth and various economic policies of subsidy and deregulation in this sector certainly affects the economy. Variables of the oil sector such as exchange rate, foreign direct investme...
BACKGROUND OF THE STUDY The small and medium scale enterprises (SMEs) have been generally acknowledged as the bedrock of the industrial development of any country. Apart from the numerous goods and services, they provide a veritable means of large scale employment as they are usually labour intensive. (Yerima et al 2007). In developing countries, Nigeria have since the 1970‟s shown increased interest in the financing and promoting small and medium scale enterprises from three main reasons. ...
ABSTRACT This study examines the determinants of capital flight in Nigeria and their effects on economic growth between 1970 and 2011. In analyzing the determinants of capital flight, eight (8) variables classified as political, economic and institutional were employed. These include: Degree of Openness, Inflation rate, Gross capital formation, Change in External debt, Deposit rate, Credit to Private sector, Interest rate differentials and Government consumption expenditure (GOCE). Six model...
ABSTRACT This study examined the impact of the Foreign Direct Investment (FDI) on economic growth in Uganda using time series data from 1990-2016.The specific objectives of the study were: to examine the effect of FDI on Agricultural sector growth, Manufacturing sector growth, Industrial sector growth and Service sector growth in Uganda using Seemingly Unrelated Regression analysis (SUR). This method of analysis allows modeling of the sector growth rates on same set of FDI, Human capital, l...
Abstract: The study used time series data for Zimbabwe (1975-2012) to: (i) empirically determine the link between economic growth and four macroeconomic variables (Foreign Direct Investment, volume of trade, Inflation and capital accumulation) (ii) analyze the impact of these macroeconomic variables on economic growth (iii) test if innovations in macroeconomic variables influence on the rate of economic growth and vice versa and (iv) establish the major drivers of economic growth. Using the ...
Abstract The Nigerian economy is at crossroads manifested through rising unemployment rates and low GDP growth rates as well as low investment cum savings rates. Hence the study sought to determine the effects of some macroeconomic variables on domestic savings, private investment and the economic growth of Nigeria during the period of 1981-2015. To achieve the stated objectives of the study, domestic savings, private investment and economic growth models were formulated on the basis of funct...
For several years in the past, the Nigerian economy was characterized by a high level of external and internal debts. Contrary to expectations, the country’s economy grew sluggishly. This necessitated the re- examination of the effect of fiscal deficit financing on the economic growth of Nigeria. The study period covers from 1980 to 2018. Specifically, the study sought to ascertain the effects of domestic borrowing, external borrowing, way and means and the use of foreign reserves on the re...