Question

What are the impact of external borrowing on Nigeria economic growth

Answer 1

Findings reveal that debt service payment has negative and insignificant impact on Nigeria's economic growth while external debt stock has positive and significant effect on Nigeria's growth index. The control variables: external reserve and exchange rate have positive and significant effect on growth.

Answer 2

Explanation:

Question:

What are The impact of external borrowing on Nigeria economic Growth.

Answer:

The model built for the study proxy gross domestic product as the endogenous variable measuring economic growth as a function of external debt, ratio of external debt to export, inflation, and exchange rate proxy as the exogenous variables. Annual time series data was gathered from the Central Bank of Nigeria Statistical bulletin and Debt Management Office from 1970 to 2010 also This study investigates the effect of the external debt burden on economic growth and development of Nigeria.