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Title: Nigeria's economic growth and foreign debt: an analytical re-examination
Authors: Essien, E.A.
Onwioduokit, E.A.
Keywords: Economic growth
Foreign debt
ARIMA models
External debt management
Issue Date: Mar-1998
Publisher: Central Bank of Nigeria, Research Department.
Citation: Essien, E.A. and Onwioduokit, E.A. (1998). Nigeria's economic growth and foreign debt: an analytical re-examination. Economic and Financial Review, 36 (1). 22 - 50.
Series/Report no.: Vol. 36;No. 1
Abstract: The implied relationship between foreign debt and economic growth is empirically examined in this paper. ARIMA models were developed for the endogenous variables of a dynamic error in - variable type model. Using data for the Nigerian economy, results of the analyses lend credence to a significant positive relationship. The paper goes further to recommend a more focused approach to external debt management in Nigeria if growth is to be realised through externally injected funds.
ISSN: 1957 - 2968
Appears in Collections:Economic and Financial Review

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