Macroeconomic stability and the impact of foreign aid on economic growth in Nigeria

Osaro Agbontaen and Milton Iyoha

No 5401, EcoMod2013 from EcoMod

Abstract: 1. Identify unanticipated shocks in foreign aid. 2. Examining how macroeconomic stability constraints foreign aid and hinders the drives of growth. Vector Auto-regression Model 1. Estimates of the innovations of foreign aid shocks to macroeconomic variables shocks generates inconsistencies that distorts budget deficits. 2. Foreign aid shocks creates uncertainties that weakens current account balances and transmit negative shocks that has strong constraining effects on economic growth. 3. Foreign aid negative impacts reduce the tendencies for the economy to grow. 4. Macroeconomic strategies are inconsistent and lack the will to effectively utilize the gains of foreign aid.

Keywords: Nigeria; Macroeconometric modeling; Trade and regional integration (search for similar items in EconPapers)
Date: 2013-06-21
New Economics Papers: this item is included in nep-afr and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ekd:004912:5401

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