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.
Background of the Study
Federal character principles or quota system of representation became an issue and as a part of...
ABSTRACT: This study examines the effectiveness of mentorship programs in vocational settings, focusing on their impact on student learning, c...
Excerpt from the Study
The two-row engine propelled ridge seed planter was developed and evaluated for performance in co...
THE ROLE OF LEADERSHIP IN STRATEGIC PLANNING
This research explores the role of leader...
ABSTRACT
Malaria is the 2nd leading cause of death from infectious diseases in Africa, after HIV/AIDS. It is a major public health proble...
Background
Related Work I begin with background information on ways for representing temporal networks and data structures for storing (s...
ABSTRACT
This is a research study on the importance for creation and development of good supplier relat...
ABSTRACT
Amaranthus viridis (Amaranthaceae), an annual herb, used in traditional medicine as diuretic and emollient, in poultices on infl...
ABSTRACT
This study attempted to identify some socio psychological effects of conflict in the home on a...
ABSTRACT
Water is one of the most important and abundant compounds of the ecosystem. All living organis...