Resource Requirements In The Adjustment Process:A Macroeconometric Simulation Study Of The Nigerian Economy
AbstractTHIS STUDY INVESTIGATES THE DOMINANT RESOURCE CONSTRAINT LIMITING GROWTH IN NIGERIA AS WELL AS THE DETERMINATION OF FUTURE RESOURCES REQUIREMENTS NEEDED TO ACHIEVE SUCH GROWTH. USING A SMALL SCALE MACROECONOMETRIC SIMULATION MODEL, THREE DIFFERENT EXPERIMENTS WERE CARRIED OUT. THE RESULTS SHOWED THAT AT A HIGHER TARGET GROWTH RATE, MORE RESOURCES WILL BE REQUIRED THAN AT A LOWER GROWTH RATE. AND THAT DOMESTIC RESOURCES GAP WAS THE DOMINANT(BINDING)RESOURCE CONSTRAINT LIMITING GROWTH IN NIGERIA. THIS THEREFORE SUGGESTS THE NEED TO MOBILIZE FOREIGN RESOURCES SO AS TO COMPLEMENT DOMESTIC SAVINGS.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0307001.
Length: 46 pages
Date of creation: 05 Jul 2003
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RESOURCE CONSTRAINT; MACROECONOMETRIC MODEL; DOMESTIC SAVINGS; FORIGN RESOURCES; GROWTH RATE;
Find related papers by JEL classification:
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- F35 - International Economics - - International Finance - - - Foreign Aid
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- Griffin, Keith B & Enos, J L, 1970. "Foreign Assistance: Objectives and Consequences," Economic Development and Cultural Change, University of Chicago Press, vol. 18(3), pages 313-27, April.
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