Table of contents for Macroeconomic approach to external debt : the case of Nigeria / S. Ibi Ajayi.


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List of Tables                                                          vi
List of Figures                                                        'iii
Acknowledgements                                                        ix
I    Introduction                                                 1
II   Objectives of the study                                      2
III   Nigeria: General economic background                         3
IV   Dimensions of the external debt problem                      5
       How much does Nigeria owe?                                  5
       Conceptual and practical problems                           5
       Size and magnitude of external debt                         6
       Structure, source, type and composition of external debt    7
       External debt burden, debt service ratios and debt servicing capacity  10
       Debt burden and export performance                               13
       Capital flight and the real capacity to service debt       14
       Debt viability: Growth cum debt model scenario                   15
V    Causes of external debt accumulation                              17
       Domestic factors                                                 18
VI   Empirical estimates of the external and internal factors    21
VII Summary and policy implications                                    24
Appendices
      1. Tables                                                         26
      2. Figures                                                        49
      3. Real effective exchange rate calculation                       59
      4. List of variables for regression analysis                      60
      5. Debt viability model                                           61
Notes                                                                   63
References                                                              64





Library of Congress Subject Headings for this publication: Debts, External Nigeria