Download Tag: NATIONAL SAVINGS

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY Saving naturally play an important role in the economic growth and development process. Savings determine the national capacity to invest and thus to produce, which in turn, affect economic growth potential. Low saving rates have been cited as one of the most series constraints to sustainable economic growth. Growth models developed by Romer (1986) and Lucas (1988) predict that higher savings and ...

ABSTRACT The research work studied the national savings and Nigerian economic growth, spanning from 1970-2007. The study adopted Ordinary Least Square (OLS) single equation model. Using time series data over the period, the work shows that National Savings is not significant at SY level and it granger causes real gross domestic product. The study also shows that exchange rate is significant in its contribution to economic growth. The investment as ...

ABSTRACT   The aim of this study is to analyze the relationship between economic growth and national savings in a developing country like Nigeria. The researcher adopted simple percentage in analyzing the data in this study. Two null and alternate hypotheses guided the study. The result showed a strong unidirectional causality from domestic private savings to economic growth in Nigeria. The result supported the Solow’s hypothesis. Also the evidence from ...