ABSTRACT
This study investigates the relationship between public debt and economic growth in Nigeria over the period of 1981-2019. Specifically, the study analyses the relationship of public debt on economic growth using domestic debt and external debt. The study used annually time series data for domestic debt stock, external debt stock, exchange rate, and consumer price index. The multiple regression analysis, Unit Root test, Johansen cointegration test, and Granger causality test were employed in this study. The results of the multiple regression analysis show that external debt has negative and significant relationship with economic growth and domestic debt has a positive relationship with economic growth in Nigeria. The ADF unit root test shows that all variables were non stationary at level but all became stationary at first difference. The Johansen co-integration test shows that there is a long run relationship between economic growth, and public debt variables in Nigeria. The granger causality test also shows that external and domestic debt granger causes GDP in Nigeria. The study recommends the government should tie every public borrowing to a specific project that is production oriented. Acquiring debts domestically is also recommended rather than foreign debts because it has a positive relationship with GDP and lastly, the study recommends the government should increase their efforts to diversify sources of revenue and increase the tax-to-GDP ratio.
Abstract
This study was carried out to assess correlation between utme, postutme and student academic performance in un...
ABSTRACT
This study examines internal control system as a necessity to survival and growth in publ...
Background of the study
The increasingly competitive business climate has made it necessary for organiz...
ABSTRACT
This study investigated the Effect of Instructional Materials on students‟ performance in Hausa Language in senior secondary sch...
ABSTRACT
This Project research depicts a Logistics delivery company application. This application consists of features that can help Indi...
Abstract: Innovations in promoting lifelong learning habits among vocational educators are...
Abstract: THE ROLE OF LOGISTICS IN E-COMMERCE BUSINESS MODELS
This study aims to explore the role of logistics in e-commerce business mod...
ABSTRACT
Spatial-temporal variability in the water quality of hand-dug wells was investigated in Minna and Environs. Hand dug well water...
BACKGROUND OF THE STUDY
Occupational Health as defined by the joint committee of the ILO/WHO (1950) is...
Background of the Study
Academic performance of Nigerian junior secondary school students in mathematics has been a sour...