J.O. Ajetomobi  , A.B. Ayanwale  , S.O. Binuomote  , 
    Economic Effect of Development Aids in Nigeria: A Co-Integration Analysis,
    Pakistan Journal of Social Sciences,
    Volume 4,Issue 1,
    2007,
    Pages 92-97,
    ISSN 1683-8831,
    pjssci.2007.92.97,
    (https://makhillpublications.co/view-article.php?doi=pjssci.2007.92.97)
    Abstract: This study employed co-integration and error correction model to examine the impact of development aids on Nigeria economic growth. The results show that aids contributed positively to output growth. Specifically, a 100% increase in aid will lead to increase in output by 1.3%. Structural adjustment policy evidenced in currency devaluation was found to make aid more effective.
    Keywords: Economic growth;development aid;Nigeria