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Showing papers on "Cointegration published in 1970"


01 Jan 1970
TL;DR: In this article, the authors investigated the effect of foreign debts on economic growth and found that there is a negative but insignificant relationship between external debts and real gross domestic product (GDP).
Abstract: This paper investigates the effect of foreign debts on economic growth. The examples were drawn Nigeria. By conducting cointegration test, the study assessed the possible long-run relationship among three variables and how their impacts on the economy namely: GDP, external debts, and interest rates covering a time series 1990 to 2012. The study suggests that there is a negative but insignificant relationship between external debts and real gross domestic product. However, it also found the existence of positive relationship existing between external debts and economic growth. Lastly, there is a negative relationship between interest rates and real gross domestic product..

1 citations