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Does External Borrowing Affect Economic Growth? A Revisit of the Age-Long Debate for Nigeria

Given the recent phenomenon of government at all levels in Nigeria resorting to external loans to finance their annual budget deficits, the study then examined the implications of the external borrowing on the economic growth in Nigeria, using an Autoregressive Distributed Lag co-integration (ARDL) approach. Times series data spanning from 1987 to 2018 were collected from Central Bank of Nigeria and Debt Management Office. Corroborating some existing empirical evidence, the study finds a significant and positive effect of external debt stock on the economic growth in Nigeria, which is represen…

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Source	OpenAlex research
Collection	International records
Kind	Document
Publisher	The Economics and Finance Letters
Date	2019-01-01
Type	article
Details	openalex authorships.countries:NG,primary topic.subfield.id:3320\|3321\|3308\|1202\|3303\|3312\|2002\|2000\|2003 + local /\bnige
Found at	https://doi.org/10.18488/journal.29.2019.62.210.221
Archived copy	Look it up in the Wayback Machine
Record ID	`openalex:W2997762548`

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Does External Borrowing Affect Economic Growth? A Revisit of the Age-Long Debate for Nigeria. OpenAlex research, 2019. Vero Archive, record openalex:W2997762548.