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Determinant of savings and investment in Nigeria (1986 - 2016)

 Department: Economics  
 By: usericon Ekings  

 Project ID: 2834
   Rating:  (3.3) votes: 6
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   Price:₦3000
Abstract
This study was carried out on the determinants of savings and investment in Nigeria from 1986 to 2016. The broad objective of this study is to empirically examine the determinants of savings and investment in Nigeria. The specific objectives, which this study intends to pursue, are to ascertain the determinant of savings in the Nigerian economy and to know how savings and investment help to improve the Nigerian economy. As could be observed from the findings in this research that when the interest rate is high, the level of savings will rise because depositors will profit, as he will have more returns on his deposits. In the same view, if the interest rate falls, the level of savings will drop, as people will not be motivated to save. On the contrary, if the level of interest rate rises, the level of investment falls because the cost of acquiring funds becomes expensive and when the level of interest drops, the level of investment rises as the cost of acquiring funds for investment purposes is reduced. Also, it was observed that when savings increases the level of investment increases because more funds will be available in the hands of investors to fund capital projects in the economy. Based on the hypotheses tested in this research, the following were revealed: Interest rates have a positive significant impact on Aggregate savings in Nigeria Interest rates have a negative significant impact on Aggregate investment in Nigeria Aggregate savings have a positive significant impact on Aggregate investment in Nigeria. Recommendations were made based on these findings. ...
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