{
  "title": "The Size and Sustainability of Nigerian Current Account Deficits",
  "publication": "IMF Working Papers, June 1, 2001",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/the-size-and-sustainability-of-nigerian-current-account-deficits-15152",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- 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.\n- The results indicate that the Nigerian economy appeared to satisfy its intertemporal budget constraint during this period.\n- However there were years marked by excessive current account deficits.\n- The results also support the view that current account deficits accompanied by macroeconomic instability and structural weaknesses can degenerate in to an external crisis."
    },
    {
      "heading": "Key findings",
      "content": "- The Nigerian economy, over 1960-97, appeared to satisfy its intertemporal budget constraint.\n- There were individual years within 1960-97 marked by excessive current account deficits.\n- Current account deficits combined with macroeconomic instability and structural weaknesses can lead to an external crisis."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Balance of payments, Current account, Current account balance, Current account deficits, Current account surpluses, External debt\n- Keywords: capital flight, Current account, current account balance, Current Account balance, Current account deficits, current account determination, current account position, Current account surpluses, current-account sustainability, Excessive current account deficits, exchange rate, external sustainability, foreign exchange, Nigeria, Nigerian current account deficit, optimal current account, present value, structural adjustment, Sub-Saharan Africa, WP\n\n---\n\n Content in this bundle\n\n- The Size and Sustainability of Nigerian Current Account Deficits - WP/01/87\n  - The Size and Sustainability of Nigerian Current Account Deficits - WP/01/87 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - The Size and Sustainability of Nigerian Current Account Deficits - WP/01/87 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/the-size-and-sustainability-of-nigerian-current-account-deficits-15152"
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    "Authors: Olumuyiwa S Adedeji",
    "Published: June 1, 2001",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451851021.001",
    "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.",
    "The Nigerian economy, over 1960-97, appeared to satisfy its intertemporal budget constraint.",
    "There were individual years within 1960-97 marked by excessive current account deficits.",
    "Current account deficits combined with macroeconomic instability and structural weaknesses can lead to an external crisis.",
    "Subject: Balance of payments, Current account, Current account balance, Current account deficits, Current account surpluses, External debt",
    "Keywords: capital flight, Current account, current account balance, Current Account balance, Current account deficits, current account determination, current account position, Current account surpluses, current-account sustainability, Excessive current account deficits, exchange rate, external sustainability, foreign exchange, Nigeria, Nigerian current account deficit, optimal current account, present value, structural adjustment, Sub-Saharan Africa, WP",
    "**The Size and Sustainability of Nigerian Current Account Deficits - WP/01/87**"
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