-
The Impact Of Interest Rate On Domestic Investment
-
-
-
Appendix I
DATA USED FOR THE ANALYSIS
YEAR
INTR
INVESTMENT
INF
MS
1980
7.500000
118265.2
9.900000
13.65230
1981
7.750000
133217.5
20.90000
14.47000
1982
10.25000
103313.0
7.700000
15.79000
1983
10.00000
67751.34
23.20000
17.69000
1984
12.50000
43363.02
39.60000
20.11000
1985
9.250000
40934.55
5.500000
22.30000
1986
10.50000
35536.21
5.400000
23.81000
1987
17.50000
27159.19
10.20000
27.57000
1988
16.50000
28369.81
38.30000
38.36000
1989
26.80000
28937.12
40.90000
45.90000
1990
25.50000
40121.31
7.500000
52.86000
1991
27.70000
39968.52
13.00000
75.40000
1992
20.80000
38771.57
44.50000
111.1100
1993
31.20000
44973.00
57.20000
165.3400
1994
36.09000
40404.28
57.00000
230.2900
1995
21.00000
29820.29
72.80000
289.0900
1996
20.79000
35216.28
29.30000
345.8500
1997
20.86000
38329.17
8.500000
413.2800
1998
23.32000
36390.66
10.00000
488.1500
1999
21.34000
35325.93
6.600000
628.9500
2000
27.19000
41342.64
6.900000
878.4600
2001
21.55000
6331.640
18.90000
1269.320
2002
21.34000
7936.780
12.90000
1505.960
2003
30.19000
12991.61
14.00000
1952.920
2004
22.88000
44443.72
13.45000
2131.820
2005
20.82000
39795.29
13.72500
2637.910
2006
19.49000
63428.72
8.500000
3797.910
2007
18.70000
89896.86
6.600000
5127.400
2008
18.36000
89244.50
15.10000
8008.200
2009
18.70000
120273.6
13.90000
9411.110
2010
22.62000
142316.5
12.70000
11034.94
2011
22.51000
126942.8
13.80000
12172.49
2012
22.42000
101699.7
14.90000
13895.39
2013
23.79000
11478.08
15.32000
15160.29
2014
24.69000
13595.84
14.21000
17679.29
2015
25.74000
14112.17
13.45600
18901.30
2016
24.54000
15223.19
13.30000
19647.12
Source: CBN statistical Bulletin
-
-
-
ABSRACT - [ Total Page(s): 1 ]The relationship between interest rate and domestic investment has attracted the attention of economists and other economic experts. This study carried out an empirical analysis of the impact of interest rate on domestic investment in Nigeria covering the period 1980-2016. Data for the research was extracted from the central bank of Nigeria statistical bulletin. The methodology adopted in the research is the multiple linear regression with the application of Ordinary least Squares (OLS) techniqu ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]Title page Certification page Approval page Dedication Acknowledgement Abstract Table of content CHAPTER ONE: INTRODUCTION 1.1 Background of the Study 1.2 Statement of the Prob ... Continue reading---
CHAPTER ONE - [ Total Page(s): 1 ]INTRODUCTION 1.1 Background of the Study The behaviour of interest rates, to a large extent, determines the investment activities and hence economic growth of a country. Investment depends upon the rate of interest involved in getting funds from the market, while economic growth to a large extent depends on the level investment. According to Jhingan (2003), if the rate is high investment is at low level. A low rate of interest leads to an increase in investment. There is therefore a ... Continue reading---
CHAPTER TWO - [ Total Page(s): 4 ]Obamuyi (2009) investigated the relationship between interest rates and economic growth in Nigeria, using time series analysis and annual data from 1970 - 2006. The co-integration and error correction model were used to capture both the long-run and short-run dynamics of the variables in the model. The empirical results indicate that real lending rates have significant effect on economic growth. There also exists a unique long-run relationship between economic growth and its determinants, includ ... Continue reading---
CHAPTER THREE - [ Total Page(s): 1 ]METHODOLOGY This study makes use of econometric procedure in estimating the impact of interest rate on economic growth in Nigeria. The Ordinary Least Square (OLS) technique is employed in obtaining the numerical estimates of the coefficients in different equations. The OLS method is chosen because it possesses some optimal properties: its computational procedure is fairly simple and it is also an essential component of most other estimation techniques. Secondly, this technique has been adopte ... Continue reading---
CHAPTER FOUR - [ Total Page(s): 1 ]PRESENTATION AND ANALYSIS OF RESULTS 4.1 Unit Root Test In a research involving the use of time series data, it is ideal to carry out stationarity tests on the series to be used. This is justified on the grounds that data not found stationary have the tendency of yielding spurious regression results and thus misleading policy projections. Below is the variables made stationary with their corresponding order of integration. Table 4.1: Unit Root Test VARIABLE ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 1 ]SUMMARY, CONCLUSION AND RECOMMENDATION 5.0 Summary of Findings The main focus of this research has been to carry out empirically the impact of rate on domestic investment in Nigeria covering the period 1980-2016. In the course of the study, the historical background of interest rate and investment were reviewed. Furthermore, the problems of interest rate fluctuations and its possible effect on investment was evaluated. The chapter two was a compendium of literature was the views and resear ... Continue reading---
REFRENCES - [ Total Page(s): 1 ]Adeyeye, U. (2006) Interest Rate Regulation, Deregulation and Saving Mobilization in Nigeria, 1970-1994. An unpublished M. Sc thesis, Dept of Economics, A. B. U. Zaria. Abdul, A. and Marwan, S. (2013) “Finance and Growth: Some Theoretical Considerations and A Review of the Empirical Literature” Economic Department Working Paper 228, Organization for Economic Co – operation and Development (OECD), Paris. Akomolate, A.S and Ajiboye, G.U (2015) “An Econometric Study of the Market fo ... Continue reading---
-
ABSRACT - [ Total Page(s): 1 ]The relationship between interest rate and domestic investment has attracted the attention of economists and other economic experts. This study carried out an empirical analysis of the impact of interest rate on domestic investment in Nigeria covering the period 1980-2016. Data for the research was extracted from the central bank of Nigeria statistical bulletin. The methodology adopted in the research is the multiple linear regression with the application of Ordinary least Squares (OLS) techniqu ... Continue reading---