Record Details

The Linkage between Foreign Aid and Economic Growth in Nigeria

International Journal of Economic Practices and Theories

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Field Value
 
Title The Linkage between Foreign Aid and Economic Growth in Nigeria
 
Creator Mbh, Stella Ada
Amassoma, Ditimi
 
Subject Economics
Economic Growth, Foreign Aid, Two Gap Model
C51, F35, O47
 
Description Abstract. Nigeria has benefited immensely from foreign aid because she has been identified among the poorest nations in the world inspite of her abundant natural and human resources. Despite the increased flow of foreign aids into Nigeria and the enormous potential of foreign aid in accelerating economic growth through bridging of the savings and foreign exchange gaps, Nigeria economy is still characterized by low level of income, high level of unemployment, very low industrial capacity utilization, and high poverty level. This has informed the need to embark on the present study with a view to analysing the effects of foreign aid on the economic growth of Nigeria. The study employed econometric techniques such as; Ordinary Least Square, Augmented Dickey Fuller (ADF) test, Johansen Cointegration test using data spanning from 1981-2012. The result shows a negative and non- significant relationship between foreign aid to Nigeria and GDP. The study therefore suggests the implementation of political, economic and institutional reforms that will address the problem of pervasive corruption in the country, improve the quality of governance, ensure that foreign aid flows are invested into developmental projects that will boost the nations GDP and reduce the level of poverty in the country.
 
Publisher International Journal of Economic Practices and Theories
 
Contributor —
 
Date 2014-12-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ijept.org/index.php/ijept%20/article/view/The_Linkage_between_Foreign_Aid_and_Economic_Growth_in_Nigeria
 
Source International Journal of Economic Practices and Theories; Vol 4, No 6 (2014); 1007-1017
2247 – 7225
 
Language eng
 
Relation http://www.ijept.org/index.php/ijept%20/article/view/The_Linkage_between_Foreign_Aid_and_Economic_Growth_in_Nigeria/pdf_76
http://www.ijept.org/index.php/ijept%20/article/downloadSuppFile/The_Linkage_between_Foreign_Aid_and_Economic_Growth_in_Nigeria/31