Pub Date : 2019-04-30DOI: 10.31920/2050-4306/2019/8n3a8
Keji Sunday Anderu, A. Omolade, A. Oguntuase
External credits have been received from various sources including bilateral and multilateral arrangements but the country’s debt is a source of worry since the projects for which these loans were contracted cannot finance the credit facilities. This paper focused on the impact of external debt on economic growth in Nigeria within the period of 1980 to 2016. Thus, secondary data on gross domestic product and external debt were sourced from CBN statistical bulletin and debt management office fact book. The econometric method of Generalized Method of Moments(GMM) test was used. Priori the GMM test is the Kwiatkowski, Phillips, Schemidt and Shin, (KPSS) unit root test to ascertain the stationarity of the variables. Based on the empirical results; the KPSS stationarity test for each of the series showed that all the variables were stationary at order one as their respective LM statistics was less than the critical value at 5%. The GMM test shows that external debt and economic growth has positive and significant relationship with R2 of 54 percent. Therefore, to achieve long-term solution to the problem of external debts burden, government should stimulate domestic production to liberate the Nigerian economy from the shackles of wants and excessive dependence on external economics, which build up debt. Also, government should avoid unnecessary and unproductive borrowing that will serve as a leakage to the economy. This to a large extent will enhance the growth of the Nigerian economy.
{"title":"External debt and economic growth in Nigeria","authors":"Keji Sunday Anderu, A. Omolade, A. Oguntuase","doi":"10.31920/2050-4306/2019/8n3a8","DOIUrl":"https://doi.org/10.31920/2050-4306/2019/8n3a8","url":null,"abstract":"External credits have been received from various sources including bilateral and multilateral arrangements but the country’s debt is a source of worry since the projects for which these loans were contracted cannot finance the credit facilities. This paper focused on the impact of external debt on economic growth in Nigeria within the period of 1980 to 2016. Thus, secondary data on gross domestic product and external debt were sourced from CBN statistical bulletin and debt management office fact book. The econometric method of Generalized Method of Moments(GMM) test was used. Priori the GMM test is the Kwiatkowski, Phillips, Schemidt and Shin, (KPSS) unit root test to ascertain the stationarity of the variables. Based on the empirical results; the KPSS stationarity test for each of the series showed that all the variables were stationary at order one as their respective LM statistics was less than the critical value at 5%. The GMM test shows that external debt and economic growth has positive and significant relationship with R2 of 54 percent. Therefore, to achieve long-term solution to the problem of external debts burden, government should stimulate domestic production to liberate the Nigerian economy from the shackles of wants and excessive dependence on external economics, which build up debt. Also, government should avoid unnecessary and unproductive borrowing that will serve as a leakage to the economy. This to a large extent will enhance the growth of the Nigerian economy.","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41300268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-15DOI: 10.31920/2050-4306/2019/V8N1A4
S. Okunade, Olusola Ogunnubi
{"title":"The African Union Protocol on Free Movement: a panacea to end border porosity?","authors":"S. Okunade, Olusola Ogunnubi","doi":"10.31920/2050-4306/2019/V8N1A4","DOIUrl":"https://doi.org/10.31920/2050-4306/2019/V8N1A4","url":null,"abstract":"","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46607970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-15DOI: 10.31920/2050-4306/2019/V8N1A6
E. R. Adigbuo
{"title":"The African Union, R2P and the challenges of capability","authors":"E. R. Adigbuo","doi":"10.31920/2050-4306/2019/V8N1A6","DOIUrl":"https://doi.org/10.31920/2050-4306/2019/V8N1A6","url":null,"abstract":"","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45023565","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-15DOI: 10.31920/2050-4306/2019/V8N1A3
Innocent A. Daudu, Lukong S. Shulika
{"title":"Armed conflicts in Africa: examining sexual violence as an instrument of war","authors":"Innocent A. Daudu, Lukong S. Shulika","doi":"10.31920/2050-4306/2019/V8N1A3","DOIUrl":"https://doi.org/10.31920/2050-4306/2019/V8N1A3","url":null,"abstract":"","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48131034","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-15DOI: 10.31920/2050-4306/2019/V8N1A1
O. Fagbadebo
Scholars and commentators have described the African state in different forms and versions based on their assessments, rightly or wrongly, of the development‟s strides. Reports by international and local developmental agencies often present gloomy descriptions of a continent suffering from the resource curse. The scorecards of most of the African leaders seem to confirm the assertions of failures in the midst of abundant resources. The corruption pandemic in Africa has rendered the societies as the exporter of potential human resources needed for developments and innovation to the countries of the West. While the continent‟s deplorable social and economic situations worsened, the leadership cadres exploit their power to widen the inequality gaps through unethical conduct. This paper interrogates the leadership-accountability nexus in some countries in Africa with a view to understanding the nature of the pervasiveness of governance crisis. The paper argues that African leaders are more of political predators than freedom fighters against the legacies of colonialism. Rather than explore the state‟s power to promote the public interest, African leaders are more concerned with their personal welfare, exploiting the vulnerability of the Journal of African Union Studies (JoAUS) ISSN 2050-4306 (Online) ISSN 2050-4292 (Print) • Indexed at: EBSCO, ProQuest, J-Gate and Sabinet • Accredited by IBSS and SCOPUS Vol. 8, (Issue 1), April 2019
{"title":"Corruption and the challenge of accountability in the post-colonial African states : a discourse","authors":"O. Fagbadebo","doi":"10.31920/2050-4306/2019/V8N1A1","DOIUrl":"https://doi.org/10.31920/2050-4306/2019/V8N1A1","url":null,"abstract":"Scholars and commentators have described the African state in different forms and versions based on their assessments, rightly or wrongly, of the development‟s strides. Reports by international and local developmental agencies often present gloomy descriptions of a continent suffering from the resource curse. The scorecards of most of the African leaders seem to confirm the assertions of failures in the midst of abundant resources. The corruption pandemic in Africa has rendered the societies as the exporter of potential human resources needed for developments and innovation to the countries of the West. While the continent‟s deplorable social and economic situations worsened, the leadership cadres exploit their power to widen the inequality gaps through unethical conduct. This paper interrogates the leadership-accountability nexus in some countries in Africa with a view to understanding the nature of the pervasiveness of governance crisis. The paper argues that African leaders are more of political predators than freedom fighters against the legacies of colonialism. Rather than explore the state‟s power to promote the public interest, African leaders are more concerned with their personal welfare, exploiting the vulnerability of the Journal of African Union Studies (JoAUS) ISSN 2050-4306 (Online) ISSN 2050-4292 (Print) • Indexed at: EBSCO, ProQuest, J-Gate and Sabinet • Accredited by IBSS and SCOPUS Vol. 8, (Issue 1), April 2019","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44358188","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-15DOI: 10.31920/2050-4306/2019/V8N1A2
Joseph Makanda
{"title":"Fighting terrorism in the Horn of Africa: the role of ordinary Kenyans in Kenya’s military intervention in Somalia and the fight against al-Shabaab","authors":"Joseph Makanda","doi":"10.31920/2050-4306/2019/V8N1A2","DOIUrl":"https://doi.org/10.31920/2050-4306/2019/V8N1A2","url":null,"abstract":"","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43838941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-15DOI: 10.31920/2050-4306/2019/V8N1A7
D. N. Mlambo, Victor H. Mlambo, M. A. Mubecua
{"title":"China’s growing military peacekeeping presence in Africa: what benefit(s) (if any) for continental security?","authors":"D. N. Mlambo, Victor H. Mlambo, M. A. Mubecua","doi":"10.31920/2050-4306/2019/V8N1A7","DOIUrl":"https://doi.org/10.31920/2050-4306/2019/V8N1A7","url":null,"abstract":"","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47604125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-04-15DOI: 10.31920/2050-4306/2019/V8N1A5
T. Adetiba
{"title":"Transnational syndicates and cross-border transfer of small arms and light weapons in West Africa: a threat to regional security","authors":"T. Adetiba","doi":"10.31920/2050-4306/2019/V8N1A5","DOIUrl":"https://doi.org/10.31920/2050-4306/2019/V8N1A5","url":null,"abstract":"","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47208773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-12DOI: 10.31920/2050-4306/2018/V7N3A8
Y. Edwin
{"title":"When bullets replace ballots : the role of SADC in promoting peace through democratic governance in Zimbabwe","authors":"Y. Edwin","doi":"10.31920/2050-4306/2018/V7N3A8","DOIUrl":"https://doi.org/10.31920/2050-4306/2018/V7N3A8","url":null,"abstract":"","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42625651","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-12-12DOI: 10.31920/2050-4306/2018/V7N3A2
Emmanuel Matambo
{"title":"Bystander in my own house : a critique of the Africa union’s method and role in ending conflict and establishing peace in Africa","authors":"Emmanuel Matambo","doi":"10.31920/2050-4306/2018/V7N3A2","DOIUrl":"https://doi.org/10.31920/2050-4306/2018/V7N3A2","url":null,"abstract":"","PeriodicalId":37163,"journal":{"name":"Journal of African Union Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47350545","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：