FACTORS THAT REDUCE SAVINGS IN NIGERIA 1980-2010

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ABSTRACT
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. 

TABLE OF CONTENT
Title page - - -- ----- - - - -i
Approval page - - - - - - - - - -ii
Dedication - - - - - Acknowledgment - - - - - - - - -iii
- - - - -iv
Abstract - - - - - - Table of content - - - - - - - - -v
- - - - -vi-x
CHAPTER ONE
1.0 Introduction
1.1 Background of the study - - - - - - 1
1.2 Statement of the problem - - - -- - 6
1.3 Objectives of the study - - - - - - 8
1.4 Statement of Hypothesis - -- - - - - -8
1.5 significance of the study - - - - - - -8
1.6 Scope and limitation of the study - - - - -9
CHAPTER TWO
2.1 Theoretical literature - - - - - - 10
2.1.1Development of saving in Nigeria - - - - 10
2.1.2Theoretical Review - - - - - - - 13
2.1.30 Determinant of savings - - - -- - 19
2.1.3.1 Income - - - - - - - - -19
2.1.3.2 Wealth - - - - - - - - -20
2.1.3.3 Inflation - - - - - - - - 20
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2.1.3.4 Foreign Savings - - - - - -21
2.1.3.5 Demographic Variables - - - -22
2.1.3.6 Growth = - - - -- - - - -22
2.1.3.7 Financial Development - - - - - -23
2.1.3.8. Interest Rate - - - - -- - -24
2.1.3.9Urbanization - - - -- -- -- -25
2.1.4 Conclusion - --- - - - -- - - 25
2.2 Empirical Review - - - - - -- -26
2.3 Limitations of the Precious Studies - - - - -26
CHAPTER FOUR
4.0 Presentation of Model Result - - - - - -38
4.1 Result Summary - - - - ---- - - -38
4.2 Economic Interpretation of result - - - - -38
4.2.1Real Gross Domestic Product - - - - -39
4.2.2Trade Openness - - - - - - - 39
4.2.3 Interest Rate - - - - - - -39
4.2.4 Net Capital Inflow - - - - - - - -39
4.3 Evaluation Based on Economic Criteria - - - -40
4.4 Statement Criteria (First Order Test) - - - -- 40
4.4.1. Coefficient of determination (R2) - - - 40
4.4.2 The T- Test - - - - - -- - -40
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4.5.4 Test for Multicolliearity
CHAPTER FIVE- - -- - - - -455.0 SUMMARY, CONCLUSION AND POLICY RECOMMENDATION
5.1 Summary of Findings - - - - - -- - 46
5.2Conclusion - --- - - - - -- - 47
5.3 Plock Recommendations - - - - - 47
Bibliography - - - - - - - - -49
Appendix - - - ----- - - - - - -52