Oluwadare, Bolanle Peace and Chukwuka, John Onyenania and Olabanji, Olawuni and Kukoyi, Emmanuel (2024) Examination of External Debt's Effect on Nigeria's Economic Development. European Journal of Business and Innovation Research, 12 (7). pp. 17-37. ISSN 2053-4019(Print), 2053-4027(Online)
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Abstract
The research study titled, ‘The analysis of external debt on Nigerian economic growth’ assumes the analysis of the extent by which external debt has impeded Nigeria’s economic growth using parameters like Nigeria’s Gross Domestic Product (GDP), Human development Index (HDI), and the Misery Index. In light of this theoretical framework, this research adopts an ex-post facto research design and secondary data from the Central Bank of Nigeria Annual Bulletin to analyse the impact of external debt on the developing economy. Indeed, based on first, unit roots tests, second, cointegration analysis, and third, descriptive statistical analysis the study intends to verify hypotheses related to the consequences of external debt on GDP, HDI and the Misery Index. The paper argues that while foreign debt may be useful in financing development initiatives, proper approaches to dealing with debt are necessary in order to have positive impacts on development.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Depositing User: | Prof. Sunday Jackson |
| Date Deposited: | 29 Sep 2024 10:09 |
| Last Modified: | 29 Sep 2024 10:09 |
| URI: | https://tudr.org/id/eprint/3442 |
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