Download Tag: SELECTED MACROECONOMIC VARIABLES

ABSTRACT This study investigates the effects of budget deficits on selected macroeconomic variables in Nigeria and Ghana using annual time-series data of both economies covering from 1970 to 2013; and taking previous empirical studies as its point of departure. The specific objectives of the study include: to examine the effects of budget deficits on interest rates, inflation, and economic growth in Nigeria and Ghana within the methodological framework of Seemingly ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY Many developing nations are known with low level of domestic savings, which has affected the much needed investment for economic development. In order to attain a desirable level of investment that would ensure economic growth and development, developing nations need some foreign savings to close the savings-investment gap in the country. Capital inflows are transferred through foreign direct investment (FDI), foreign ...