@article{MAKHILLTSS201914224778,
    title = {External Debt and Economic Growth: An Impact Analysis},
    journal = {The Social Sciences},
    volume = {14},
    number = {2},
    pages = {55-67},
    year = {2019},
    issn = {1818-5800},
    doi = {sscience.2019.55.67},
    url = {https://makhillpublications.co/view-article.php?issn=1818-5800&doi=sscience.2019.55.67},
    author = {Charles O.,Felicia,Jonathan E.,Aja,Chinasa,Okoro E.U. and},
    keywords = {External debt,economic growth,analysis,economic growth,adjustment,investors},
    abstract = {This study empirically investigate the impact of external debt on economic growth using annual time
series data from 1970-2015 and linear regression model for the estimation. The results show a positive and
significant external debt impact on economic growth. In addition, further inquiries on the extent of structural
adjustment programmes on growth show that growth in RGDP increased by 28.3% in the post-SAP era more
than the pre-SAP era. The study, therefore, concludes that external debt has made positive contribution to the
economic growth within the periods of the study in Nigeria. Hence, from the study’s findings, we recommend
that external debt should only be sourced for high priority projects like infrastructural development to driven
the private sector economic economy. More so, the Nigerian government should also create good business
environment that can promote investor’s confidence to attract new business opportunities for more domestic
and Foreign investment inflows to the country.}
    }