Pakistan Journal of Social Sciences

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Economic Effect of Development Aids in Nigeria: A Co-Integration Analysis

J.O. Ajetomobi , A.B. Ayanwale and S.O. Binuomote
Page: 92-97 | Received 21 Sep 2022, Published online: 21 Sep 2022

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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.

How to cite this article:

J.O. Ajetomobi , A.B. Ayanwale and S.O. Binuomote . Economic Effect of Development Aids in Nigeria: A Co-Integration Analysis.
DOI: https://doi.org/10.36478/pjssci.2007.92.97
URL: https://www.makhillpublications.co/view-article/1683-8831/pjssci.2007.92.97