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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The 'spill-over' effect of domestic credit creation on the demand for imports: a note on the Nigerian experience, 1970-71
Author:Oyejide, T. AdemolaISNI
Periodical:The Economic Bulletin of Ghana
Geographic term:Nigeria
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Abstract:In the 1960s and most especially during the Civil War, Nigeria has resorted to domestic credit creation as a means of financing budget deficits. Such a policy gives rise to a number of problems; one of these - an adverse effect on a country's balance of payments position resulting from an increased demand for imports - is examined. The analysis amounts to a test of a simple variant of the Polak model on the basis of Nigerian data. Arrangement of the paper: Some theoretical considerations of the relationship between domestic credit expansion and the demand for imports - The process of credit expansion in Nigeria between 1970 and 1971 - The Polak model as a framework for an empirical analysis of the relationship between domestic credit creation and the demand for imports in Nigeria; presentation and interpretation of the regression results - Indication of some conclusions and policy implications. Notes, appendix (table).