This study investigates the core leading factors that reduce savings in Nigeria between 1980 -2010 using ordinary Least Square (OLS) econometric framework, which will enable us proffer solutions for the improvement of savings in the economy, which is also an important component for economic development in any country. Base on data collected, it is discovered that savings output in Nigeria during the period was unsatisfactory but was later discovered as a necessary factor for economic development and growth. This research shows the significance of savings which is achieved when saving habits is greatly considered by public private and government. The empirical results show a negative influence of trade openness (TDO) on aggregate savings. The work therefore submits that effort should be geared towards improving export capacity by improving productivity in industrial sector, which provide employment and increase per capital income as a bid to accelerate savings. And since interest rate signals a positive influence on savings in Nigeria, there should also be an intensified impact on real rates, spread and financial liberalization and or financial developing in Nigeria.
Title page
Approval page
Dedication
Acknowledgment
Abstract
Table of content
CHAPTER ONE
1.0 INTRODUCTION
1.1 Background of the study
1.2 Statement of the problem
1.3 Objectives of the study
1.4 Statement of Hypothesis
1.5 significance of the study
1.6 Scope and limitation of the study
CHAPTER TWO
2.1 THEORETICAL LITERATURE
2.1.1 Development of saving in Nigeria
2.1.2 Theoretical Review
2.1.30 Determinant of savings
2.1.3.1 Income
2.1.3.2 Wealth
2.1.3.3 Inflation
2.1.3.4 Foreign Savings
2.1.3.5 Demographic Variables
2.1.3.6 Growth
2.1.3.7 Financial Development
2.1.3.8. Interest Rate
2.1.3.9Urbanization
2.1.4 Conclusion
2.2 Empirical Review
2.3 Limitations of the Precious Studies
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 Model Specification
3.2 Estimation Procedure
3.3 Method Of Evaluation
3.3.1 Economic Apriori Critical
3.3.2 Statistical Criteria
3.3.2.1 Coefficient Of Multiple Determinations
3.3.2.2 T- Statistics
3.3.2.3. F –Statistics
3.3.3 Econometric Criteria (Second Order Test)
3.3.3.1 Autocorrelation Test
CHAPTER FOUR
4.0 PRESENTATION OF MODEL RESULT
4.1 Result Summary
4.2 Economic Interpretation of result
4.2.1 Real Gross Domestic Product
4.2.2 Trade Openness
4.2.3 Interest Rate
4.2.4 Net Capital Inflow
4.3 Evaluation Based on Economic Criteria
4.4 Statement Criteria (First Order Test)
4.4.1. Coefficient of determination (R2)
4.4.2 The T- Test
4.5 Econometric Criteria (Second Order Test)
4.51 Normality Test
4.5.2 Test for Autocorrelation
4.5.3 Test for Heteroscedasticity
4.5.4 Test for Multicolliearity
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND POLICY RECOMMENDATION
5.1 Summary of Findings
5.2Conclusion
5.3 Block Recommendations
Bibliography
Appendix
Factors That Reduce Savings. (n.d.). UniTopics. https://www.unitopics.com/project/material/factors-that-reduce-savings/
“Factors That Reduce Savings.” UniTopics, https://www.unitopics.com/project/material/factors-that-reduce-savings/. Accessed 20 September 2024.
“Factors That Reduce Savings.” UniTopics, Accessed September 20, 2024. https://www.unitopics.com/project/material/factors-that-reduce-savings/
Here’s a typical structure for Factors That Reduce Savings research projects:
- The title page of Factors That Reduce Savings should include the project title, your name, institution, and date.
- The abstract of Factors That Reduce Savings should be a summary of around 150-250 words and should highlight the main objectives, methods, results, and conclusions.
- The introduction of Factors That Reduce Savings should provide the background information, outline the research problem, and state the objectives and significance of the study.
- Review existing research related to Factors That Reduce Savings, identifying gaps the study aims to fill.
- The methodology section of Factors That Reduce Savings should describe the research design, data collection methods, and analytical techniques used.
- Present the findings of the Factors That Reduce Savings research study using tables, charts, and graphs to illustrate key points.
- Interpret Factors That Reduce Savings results, discussing their implications, limitations, and potential areas for future research.
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