International records / OpenAlex research

Balance of Payments and Macroeconomic Performance in Nigeria

This study examined the effect of the balance of payments on macroeconomic performance in Nigeria between 1981 and 2021. The specific objectives are to determine the effects of current account balance, capital account, and external reserves on the gross domestic product (GDP) growth rate (the proxy of macroeconomic performance). This study employed secondary data sourced from the United Nations Conference on Trade and Development (UNCTAD), the Central Bank of Nigeria (CBN), and the database associated with Chinn and Ito. The study employed the augmented Dickey-Fuller method to examine the stat…