The impact of external debt on economic growth and public investment: the case of Nigeria
This study examines the impact of external debt on performance Nigeria. We find that the results confirm the hypothesis of eviction and over-indebtedness in Nigeria. On the basis of these results, the study concludes that prospects for ending the debt crisis in Nigeria will depend on more debt relief increased debt, export diversification and a higher level of foreign direct investment. Debt relief will allow the country to devote meager foreign exchange earnings on the acquisition of inputs that are badly needed for industries and infrastructure. However, without a political environment and macroeconomic stability, efforts to reduce the external debt burden would not be very successful.
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| Format: | Technical paper biblioteca |
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| Language: | eng |
| Published: |
2004-06
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