Since 2014
FOREIGN AID, DEBT AND GROWTH NEXUS IN NIGERIA
Research Journal of Economics, Business and ICT
View Archive Info| Field | Value | |
| Title |
FOREIGN AID, DEBT AND GROWTH NEXUS IN NIGERIA
|
|
| Creator |
Tombofa, Steve Seiyefa; Department of Economics, Faculty of Social Sciences, Niger Delta University
Edoumiekumo, Samuel Gowon; Department of Economics, Faculty of Social Sciences, Niger Delta University Obudah, Bodiseowei Capecoast; Department of Economics, Faculty of Social Sciences, Niger Delta University |
|
| Subject |
—
Foreign Aid, External Debt, Domestic Debt, Economic Growth C20, C22, F35 F43 H63 |
|
| Description |
Foreign aid and debt are viable sources of financing government deficits as well as projects and programmes. This article examined the impact of foreign aid, external debt and domestic debt on economic growth in Nigeria for the period 1981-2010. Co-integration and error correction mechanism were employed to determine the long run relationship among the variables and correct for disequilibrium in the short run. The parsimonious error correction results show a positive relationship between the dependent variable, domestic debt and foreign aids. On the other hand, there is a negative relationship between economic growth rate and external debt. An increase in domestic debt and foreign aid inflows brought about 2.5 and 0.79 percent economic growth respectively. However, the model had a poor fit. The conditions for foreign aid should have broader participation by recipients. In addition, donors should harmonize and coordinate their various processes of initiating, implementing and monitoring projects as recipient countries find it very difficult to coordinate such numerous flows. Government should improve her revenue mobilization base and debt should be within its budgeted or international threshold.
|
|
| Publisher |
English Time Schools & Overseas Education
|
|
| Contributor |
—
|
|
| Date |
2013-12-15
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
|
| Format |
application/pdf
|
|
| Identifier |
http://ojs.journals.cz/index.php/RJEBI/article/view/396
|
|
| Source |
Research Journal of Economics, Business and ICT; Vol 8, No 2 (2013)
2047-7848 2045-3345 |
|
| Language |
eng
|
|
| Relation |
http://ojs.journals.cz/index.php/RJEBI/article/view/396/390
|
|
| Rights |
Copyright (c) 2013 Steve Seiyefa Tombofa, Samuel Gowon Edoumiekumo, Bodiseowei Capecoast Obudah
https://creativecommons.org/licenses/by/3.0/ |
|