Authors : Aiyedogbon John Olu-Coris
Abstract: This study represents part of a larger research agenda to assess the effect of external debt on Nigeria�s economic growth using 5 major economic motivating sectors of the economy, Agriculture, Transport/Communication, Health, Education and Defence. The essence of the study is to determine whether external debt retard or enhances economic growth through these 5 sectors and make policy recommendations. The analytical framework is based on econometric methodology encompassing test for stationarity. The study found that external debt retard economic growth. The estimation result reveals that all the variables are statistically significant.
Aiyedogbon John Olu-Coris , 2008. A Sectoral Analysis of the Impact of External Debt on Nigeria�s Economic Growth (1980-2004). Journal of Economics Theory, 2: 50-54.