ABSTRACT
The research work studied the national savings and Nigerian economic growth, spanning from 1970-2007. The study adopted Ordinary Least Square (OLS) single equation model. Using time series data over the period, the work shows that National Savings is not significant at SY level and it granger causes real gross domestic product. The study also shows that exchange rate is significant in its contribution to economic growth. The investment as one the of explanatory variables is significant and supports the idea that most of the investments in Nigeria are not from savings. The study also reveals that money supply has no impact on Nigeria’s economic should increase national savings through increased interest rate on deposits and also maintain its managed floating exchange rate policy.
TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE
1.1 Background of the study
1.2 Statement of the problem
1.3 Research hypothesis
1.4 Justification of the study
CHAPTER TWO
2.1 Theoretical Literature
2.2 Empirical literature
2.3 limitations of the previous studies
CHAPTER THREE
Methodology
3.1 Model specification
3.2 Estimation procedure
3.3 Techniques for evaluation of the result
3.3.1 Evaluation based on economic criteria
3.3.2 Evaluation based on statistical criteria (first order test)
3.3.3 Evaluation based on economic criteria (second order test
3.4 Data source
CHAPTER FOUR
Empirical result
4.1 Presentation of regression results
4.2 Evaluation of results
4.2.1 Evaluation based on economic criteria
4.2.2 Evaluation based on statistical criteria (first order test)
4.2.3 Evaluation based on econometric criteria
CHAPTER FIVE
5.1 Summary, Policy Recommendation and Conclusion
5.2 Policy recommendation
5.3 Conclusion
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
Saving naturally play an important role in the economic growth and development process. Savings determine the national capacity to invest and thus to produce, which in turn, affect economic growth potential. Low saving rates have been cited as one of the most series constraints to sustainable economic growth. Growth models developed by Romer (1986) and Lucas (1988) predict that higher savings and the related increase in capital accumulation can result in a permanent increase in growth rates.
The close relationship between the savings rate of the economy and the economic growth is stylized feature which has been well documented in number empirical investigations...================================================================
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