International records / OpenAlex research

DEFICIT FINANCING, PRICE AND ECONOMIC STABILITY IN NIGERIA: A BOUND TESTING APPROACH

This paper empirically examined the impact of deficit financing on price and economic stability in Nigeria using Autoregressive Distributed Lag (ARDL)/ Bound Testing Approach from 1980-2016. Total deficit financing externally and disaggregated domestic sources which include Central Bank of Nigeria (CBN). Deposit Money Banks and Non-bank Public were used as proxies for deficit financing, while Inflation Rates and Gross Domestic Product (GDP) were captured for Price and Economic Stability, respectively. The Bound Testing Analysis which was carried out in a two differently specific models show no…