Since 2014
Nigeria's Debt Overhang (1960-2005): A Critical Revisit
DLSU Business & Economics Review
View Archive Info| Field | Value | |
| Title |
Nigeria's Debt Overhang (1960-2005): A Critical Revisit
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| Creator |
Adebola, Solomon A; Babcock University, Nigeria
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| Subject |
Economics
National debt, sovereign debt, discharge of debt |
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| Description |
A general global trend up to the 1980's has been for nations to rely substantially on external loans and aids for economic sustenance and technological development. This is particularly true for less developed countries (LDC). Unfortunately for these LDCs, their debts have gone beyond the countries' capacity to repay. The debts have, for many such developing countries, been on a perpetual geometrical increase. Such countries have ended up with a debt overhang, with its detrimental impacts on the countries' economic growth and social development. This research note gives a treatise on the theoretical framework of a debt overhang, and a critical review of the challenges, implications, and impacts of a debt overhang on a nation's development and economic growth. Keywords: National debt, sovereign debt, discharge of debt
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| Publisher |
De La Salle University
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| Contributor |
—
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| Date |
2010-01-21
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| Type |
Peer-reviewd Article
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| Format |
application/pdf
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| Identifier |
http://www.philjol.info/philjol/index.php/BER/article/view/1475
10.3860/ber.v19i2.1475 |
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| Source |
DLSU Business & Economics Review; Vol 19, No 2 (2010); 63-72
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| Language |
en
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| Coverage |
Nigeria
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