The Size and Sustainability of Nigerian Current Account Deficits

This paper uses an intertemporal model of the current account and macroeconomic indicators to examine the size and sustainability of Nigerian current account deficits over the 1960-97 period. The results indicate that the Nigerian economy appeared to satisfy its intertemporal budget constraint durin...

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Bibliographic Details
Main Author: Adedeji, Olumuyiwa
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a The Size and Sustainability of Nigerian Current Account Deficits  |c Olumuyiwa Adedeji 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2001 
300 |a 33 pages 
651 4 |a Nigeria 
653 |a Current account 
653 |a Short-term Capital Movements 
653 |a Current Account Adjustment 
653 |a Balance of payments 
653 |a Open Economy Macroeconomics 
653 |a Exports and Imports 
653 |a International economics 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a External debt 
653 |a Current account balance 
653 |a Current account surpluses 
653 |a Current account deficits 
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520 |a This paper uses an intertemporal model of the current account and macroeconomic indicators to examine the size and sustainability of Nigerian current account deficits over the 1960-97 period. The results indicate that the Nigerian economy appeared to satisfy its intertemporal budget constraint during this period. However there were years marked by excessive current account deficits. The results also support the view that current account deficits accompanied by macroeconomic instability and structural weaknesses can degenerate in to an external crisis