Economic and Financial Review
Publisher
Central Bank of Nigeria, Research Department.
Keywords
Economic growth, Foreign debt, ARIMA models, External debt management
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.
Issue
36
Volume
1
Recommended 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.