Kwara State University
OLORUNTOBA OYEDELE
Designation: LECTURER 1
Department: Accounting and Finance
| My Publications | ||||||||
|---|---|---|---|---|---|---|---|---|
| S/N | Title | Abstract | Authors | Volume Numbers | Publication Type | Publication Date | Link | |
| 1 | External Debt, Debt Servicing and Poverty Reduction in Nigeria: An Empirical Analysis |
This study utilizes co integration and regression analysis to investigate into the impact of external debt and debt servicing on poverty reduction in Nigeria using data for the period 1980 to 2010. Specifically, three analysis were undertaken, first, the time series properties of the concerned variables were ascertained with the help of the Augmented Dickey-Fuller (ADF) unit root procedures. Second, the long-run relationship among poverty reduction, debt-Income ratio, debt-service degree of openness, growth of agricultural value added, per capital income, inflation rate and investment-income ratio was examined in the context of the Johansen and Juselius (1990) framework. Thirdly, a multiple regression analysis was employed to examine the impact of external debt and debt servicing on poverty reduction. The overall results indicate that both the external debt and debt servicing cause poverty in Nigeria. This finding suggests that government needs to mobilize domestic saving to replace external debt. Keywords: External Debt, Debt Servicing, Poverty Reduction | Oyedele, O. and Emerah A.A | Vol. 4, No. 19, 2013 pp 174-179. ISSN: 2222-2855. | International Journal of Economics and Sustainable Development | 2013-12-12 | ||