Adedeji, Olumuyiwa S.; Handa, Jagdish - In: Journal of Developing Areas 41 (2008) 2, pp. 1-25
This paper uses two different criteria -- a set of macroeconomic indicators and the intertemporal model of the current account -- to examine the excessiveness and sustainability of Nigerian current account deficits over the period 1960-2003. Our analysis shows excessive reliance on oil revenues,...