Thesis Abstract

Abstract
This research aims to investigate the relationship between national savings and economic growth in Nigeria from 1970 to 2007. The study utilizes time series data to analyze the impact of national savings on economic growth in Nigeria over the specified period. The research employs the autoregressive distributed lag (ARDL) bounds testing approach to cointegration to explore the long-run relationship between national savings and economic growth. Additionally, the study examines the short-run dynamics using the vector error correction model (VECM). The empirical results suggest a positive and statistically significant relationship between national savings and economic growth in Nigeria. This implies that an increase in national savings positively contributes to economic growth in the country. The findings also reveal that national savings have both short-run and long-run effects on economic growth in Nigeria. Moreover, the study highlights the importance of policies that promote savings mobilization and investment to stimulate economic growth in Nigeria. Overall, the research provides valuable insights into the role of national savings in driving economic growth in Nigeria and underscores the significance of policies aimed at enhancing savings mobilization for sustainable economic development.

Thesis Overview