The Debt-Growth Nexus in Nigeria: An Empirical Evidence
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Date
2022
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Publisher
International Journal of Economics and Financial Issues
Abstract
This study examines debt-growth nexus in developing countries, Nigeria, using annual data from 1986 to 2020. The data were sourced from CBN
Statistical bulletin and WDI, ARDL techniques were employed to analyse the data. The findings of the study showed that domestic debt outstanding
is negative related to growth in the long run though it is growth enhancing in short-run. External debt is negative related to advancement in long run
while in short run is positive related. In the long run education is positive connected to growth but negative related to growth in the short run. The
findings suggested that the national authority should channel both external and domestic debt to the education and infrastructural expansion which
can lunch the economy to be more productive and diversified