scholarly journals External Debt Management and Economic Development in Nigeria

2021 ◽  
Vol 11 (4) ◽  
pp. 5027-5044
Author(s):  
Ugwuanyi, Geogina Obinne ◽  
Ugwuanyi, Wilfred, N.J ◽  
Efanga, Udeme Okon ◽  
Agbaeze, Clifford Chilasa

This study empirically analyzed external debt management and economic development in Nigeria. The data employed in this study were collected from the CBN statistical bulletin annual report. The study employed Real Gross Domestic Product as the independent variable, while External Debt service, Balance of Payment, External Debt, and Exchange Rate were used as independent variables. The estimation technique employed in this study was Ordinary least squares (OLS) multiple regression method. The findings of this study revealed that external debt management recorded a positive and significant impact on economic development in Nigeria over review period. The study recommended that government of Nigeria should strike a balance between the acquisition of external debt and usage of same for projects that will culminate to enhancement of economic growth and development in Nigeria.

2020 ◽  
pp. 422-450
Author(s):  
Sandra Halperin ◽  
Oliver Heath

This chapter discusses the principles of bivariate analysis as a tool for helping researchers get to know their data and identify patterns of association between two variables. Bivariate analysis offers a way of establishing whether or not there is a relationship between two variables, a dependent variable and an independent variable. With bivariate analysis, theoretical expectations can be compared against evidence from the real world to see if the theory is supported by what is observed. The chapter examines the pattern of association between dependent and independent variables, with particular emphasis on hypothesis testing and significance tests. It discusses ordinary least squares (OLS) regression and cross-tabulation, two of the most widely used statistical analysis techniques in political research. Finally, it explains how to state the null hypothesis, calculate the chi square, and establishing the correlation between the dependent and independent variables.


2021 ◽  
Vol 29 (1) ◽  
pp. 43-56
Author(s):  
Prafidhya Dwi Yulianto ◽  
Lilik Ambarwati

The purpose of this research is to know the influence of Working CapitalManagement on Profitabilty in Consumers Goods listed on the Bursa EfekIndonesia (BEI) aims to analyze the influence of woring capital in the from of:Cash Turnover, Account Receivable Turnover, and Inventory Turnover toProfitability (Return On Asset) at Consumers Goods Sector. This research methoduses multiple linear regression analysys with the help of SPSS 23.00 softwarewhich is used to see the inflyence between the independent variables in the fromCash Turnover, Account Recevaible Turnover, and Inventory Turnover to ReturnOn Asset (ROA)). The sample of this research is 31 consumer goods sector in2015-2018, so there are 124 annual report obtained through purposive sampling,then analyzed using multiple linear regression methods. The result showed thadbased on the F test, the independent variable had an effect on the ROA, it isindicated of 6.765 and significance of 0.000, overall the independent variable wasable to eaplain the effect 59,60%. While based on the partial t test, shows that thevariable Cash Turnover, Account Recevaible Turnover, and Inventory Turnoverhas a positive and siginificant effect on Profitability.


2017 ◽  
Vol 9 (1) ◽  
Author(s):  
Marini Marini ◽  
Synthia Madya Kusumawati

This study aims to empirically eximine the factors that affect the level of financial statements discosure, using financial leverage, size, auditor type, profitability, age, and risk as independent variable.<br />This study was conducted using multiple regression analysis and data processing with the E - views 6.0 program. The data in this research is secondary data obtained from the audited financial statements for 2010-2014 and the annual report for 2011-2013. The population in this study amounted to 141 companies, which obtained a sample of 69 companies and 207 units of observation (69 companies multiplied by 3 years).<br />The results from this study indicate that there are two independent variables to be significant with level of disclosure of firm report , financial leverage to be negative significant for determining the level disclosure and firm size has a positive significant with the level disclosure. While 4 other variables, auditor type, the profitability, firm age and firm risk insignificant with the level of disclosure.<br />Key words : financial statement disclosure, leverage, size, auditor type, profitability, age, risk


2021 ◽  
Vol 2 (2) ◽  
pp. 111-128
Author(s):  
Biradawa Kayadi ◽  
Confidence Chinwe Opara ◽  
Christy Twaliwi Zwingina ◽  
Udeme Okon Efanga

This study examined the impact of External debt management on economic growth of Nigeria. Using annual time series data collected over the period of 33 years (1986 – 2018). The data for the study were collected from the CBN statistical bulletin annual report. The variables on which data are collected include: Real Gross Domestic Product, External Debt, External Debt service, Balance of Payment and Exchange Rate. Data were analyzed using the Ordinary least squares (OLS) multiple regression analysis. It proceeded with Descriptive statistics; Augmented Dickey Fuller (ADF) unit root test, Co-integration test and Auto-Regressive Distributed Lag (ARDL). The study revealed that impact of external debt management on economic growth of Nigeria over the period under review was statistically significant with external debt, external debt service payment and balance of payment but statistically insignificant with exchange rate. The study recommended that governments should establish and adopt an optimal balance between external debt acquisition and application /allocation of the acquired funds to productive projects for the purpose of making a high output and a steady economic growth. The management should live up to expectation by encouraging efficient commitment of borrowed funds to productive projects so as to comply with debt serving agreement and outright payments, measures such as improving exports should be implemented to ensure that local currencies are stable.


2021 ◽  
Vol 2 (2) ◽  
pp. 25-41
Author(s):  
Ogbonna Ogbonna ◽  
Ihemeje Ihemeje ◽  
Obioma Obioma ◽  
Hanson Hanson ◽  
Amadi Amadi

This study examined the impact of External debt management on economic growth of Nigeria. Using annual time series data collected over the period of 33 years (1986 – 2018). The data for the study were collected from the CBN statistical bulletin annual report. The variables on which data are collected include: Real Gross Domestic Product, External Debt, External Debt service, Balance of Payment and Exchange Rate. Data were analyzed using the Ordinary least squares (OLS) multiple regression analysis. It proceeded with Descriptive statistics; Augmented Dickey Fuller (ADF) unit root test, Co-integration test and Auto-Regressive Distributed Lag (ARDL). The study revealed that impact of external debt management on economic growth of Nigeria over the period under review was statistically significant with external debt, external debt service payment and balance of payment but statistically insignificant with exchange rate. The study recommended that governments should establish and adopt an optimal balance between external debt acquisition and application /allocation of the acquired funds to productive projects for the purpose of making a high output and a steady economic growth. The management should live up to expectation by encouraging efficient commitment of borrowed funds to productive projects so as to comply with debt serving agreement and outright payments, measures such as improving exports should be implemented to ensure that local currencies are stable.


Author(s):  
Sandra Halperin ◽  
Oliver Heath

This chapter discusses the principles of bivariate analysis as a tool for helping researchers get to know their data and identify patterns of association between two variables. Bivariate analysis offers a way of establishing whether or not there is a relationship between two variables, a dependent variable and an independent variable. With bivariate analysis, theoretical expectations can be compared against evidence from the real world to see if the theory is supported by what is observed. The chapter examines the pattern of association between dependent and independent variables, with particular emphasis on hypothesis testing and significance tests. It discusses ordinary least squares (OLS) regression and cross-tabulation, two of the most widely used statistical analysis techniques in political research. Finally, it explains how to state the null hypothesis, calculate the chi square, and establishing the correlation between the dependent and independent variables.


2011 ◽  
Vol 1 (2) ◽  
pp. 60-66
Author(s):  
Safdari Mehdi

To reach higher economic growth, investment in human capital is also needed besides material investments. The purpose of this study is to determine the relationship between human capital and economic growth in Iran. The theoretical framework was designed based on this assumption that the total human capital employed in the economy is divided into two sections: Human capital with higher education and lack higher education. The data were collected from 1991 to 2006 and were analyzed using Ordinary Least Squares (OLS) model. The result of the analyses showed that there was significant relationship between human capital and economic growth. Together the independent variables explained 94% of the variance in the dependent variables. The remaining 16% was due to unidentified variables. In relation to that, we can conclude that explanatory power is high for the equation. It showed that one percent change in human capital rate lead to 58% in economic growth. Therefore human capital is regarded as an important factor in Iran's economic growth.


2017 ◽  
Vol 9 (1) ◽  
Author(s):  
Ernie Riswandari

This study aims to empirically examine the factors that affect the level of financial statements disclosure, using financial leverage, size, auditor type, profitability, age, and risk as independent variable.<br />This study was conducted using multiple regression analysis and data processing with the E - views 6.0 program. The data in this research is secondary data obtained from the audited financial statements for 2010-2014 and the annual report for 2011-2013. The population in this study amounted to 141 companies, which obtained a sample of 69 companies and 207 units of observation (69 companies multiplied by 3 years).<br />The results from this study indicate that there are two independent variables to be significant with level of disclosure of firm report , financial leverage to be negative significant for determining the level disclosure and firm size has a positive significant with the level disclosure. While 4 other variables, auditor type, the profitability, firm age and firm risk insignificant with the level of disclosure.<br />Key words : financial statement disclosure, leverage, size, auditor type, profitability, age, risk


ScienceRise ◽  
2021 ◽  
pp. 58-67
Author(s):  
Ivanna Moroz

The object of research is the policy of public debt management of the United States of America and Ukraine. The problem solved is the low level of efficiency of the policy of public external and internal debt management of Ukraine in the context of financing economic growth. The main scientific results: based on the analysis of the policy of public debt management of the United States of America, it has been proved, that the public debt and the US budget deficit should be perceived not as a problem or threat to macroeconomic stability, but as a tool to stimulate economic growth. It is substantiated, that in order to optimize the policy of internal and external public debt management of Ukraine it is expedient to introduce a debt rule, which is based on the program-targeted method of attracting public debt and provides for the use of public borrowing exclusively to finance economic development programs. In this case, Ukraine, following the example of the United States, will be able to achieve sustainable economic growth, because changing the priorities from debt financing of current state budget expenditures to financing capital expenditures will allow the Ukrainian government to develop economic infrastructure, create conditions for high value-added goods and to develop small and medium business, which will ultimately ensure macroeconomic stability and progressive economic development of the state. The scope of practical use of research results. The results of the study can be used by the Cabinet of Ministers of Ukraine, and in particular by the Ministry of Finance during the formation of the Medium-Term public debt management strategy of Ukraine. Innovative technological product: The debt rule is based on the program-target method of attraction and use of the state internal and external debt that allows to use effectively the state borrowings for financing of economic growth. Scope of application of an innovative technological product: Policy of management of the state internal and external debt of Ukraine


IIUC Studies ◽  
2015 ◽  
Vol 9 ◽  
pp. 323-334
Author(s):  
Shafiqur Rahman ◽  
Nicholas McDonald

This paper presents the role of Islami Bank Bangladesh Limited (IBBL) to the recent economic development in Bangladesh. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export), developing the housing sector etc. This study also identifies IBBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of IBBL behind it and fills the gap of literature in this specific area.IIUC Studies Vol.9 December 2012: 323-334


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