THE IMPACT OF INTEREST RATES LIBERALIZATION ON GROSS DOMESTIC INVESTMENT IN NIGERIA, 1973-19 93
THE IMPACT OF INTEREST RATES LIBERALIZATION ON GROSS DOMESTIC INVESTMENT IN NIGERIA, 1973-19 93
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Date
1998-01
Authors
MATHIAS, CHUBA ANEBAMINE
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Abstract
This thesis examines the savings - investment-growth link
in Nigeria. It also evaluates the impact of interest rates and
non-interest rates structural adjustment reform policies on
gross domestic investment. This thesis presents the trends in
gross domestic investment and provide reasons why it decreases
over time. This study prescribes relevant policy options and
proposes possible areas of further research.
This research shows that economic growth in Nigeria is
largely a function of the level of gross domestic savings
because gross domestic savings determines the financeable rate
of gross domestic investment, which in turn is the basic
determinant of economic growth.
This thesis reveals that interest rates liberalization
does not have a negative impact on gross domestic investment
but the non-interest rates structural adjustment reform
policies are inversely related to gross domestic investment in
Nigeria.
This thesis identifies the decreasing savings rate and
uncertainty in Nigerian economy resulting from economic and
political instability to be the other reasons for the
decreasing growth trends in gross domestic investment in
Nigeria.
From the findings of this thesis, the researcher
concludes that gross domestic investment will increase if the
savings constraints are removed, uncertainty in. business
Description
A THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL AHMADU BELLO
UNIVERSITY IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE
AWARD OF DEGREE OF MASTER OF BUSINESS ADMINISTRATION
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY,
ZARIA.
Keywords
INTEREST RATES,, LIBERALIZATION,, GROSS DOMESTIC INVESTMENT,, 1973-19 93