Veronica Brendan Edeminam, Osman Nuri Aras

External Debt and Economic Development

Effect of External debt on expected years of schooling

• Broschiertes Buch

Produktbeschreibung

This study investigates the effect of public debt on expected years of schooling in Nigeria and Ghana using annual time series data from 1990 to 2019 sourced from World Bank, and United Nations Development Programme. Trend analysis was done for external debt stock and expected years of schooling variables. Other variables in the study are external debt servicing stock and real effective exchange rate. Pre-econometric test for unit root was undertaken using Phillips-Perron and Augmented Dickey-Fuller unit root test methods. In both countries, borrowing for infrastructural projects is prioritized over borrowing for investment in social sectors. Even where there is an investment in the social sector using external debt, it is not enough to create a significant effect. As recommendation from the findings, external debt should be used to improve expected years of schooling as much as it is used for infrastructural investment. This is because of the importance of developing the manpower that will manage the infrastructure that is financed by external debt.

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Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 64
• Erscheinungstermin: 11. Juli 2022
• Englisch
• Abmessung: 220mm x 150mm x 4mm
• Gewicht: 113g
• ISBN-13: 9786204956985
• ISBN-10: 6204956981
• Artikelnr.: 65023242

Autorenporträt

BSc in Wirtschaftswissenschaften, Universität von Calabar, Nigeria. MSc in Lieferkettenmanagement, City University London. Derzeit bin ich Doktorandin an der Abteilung für Wirtschaftswissenschaften der Nil-Universität von Nigeria. Ich habe mehr als 9 Jahre Erfahrung im Finanzmanagement und in der makroökonomischen Forschung. Mein Forschungsinteresse gilt der Steuerpolitik und der wirtschaftlichen Entwicklung.