International records / OpenAlex research
Impact of Public Debt on Economic Growth in Nigeria: Evidence from Autoregressive Distributed Lag Model
This paper examined the impact of public debt on economic growth in Nigeria from 1990 to 2023. The objectives are to determine the impact of domestic debt, external debt and public debt service payments on gross domestic product (GDP) in Nigeria. The Augmented Dickey-Fuller unit root test indicates that the variables are stationary at levels, I(0) and at order one, I(1). The study applied the autoregressive distributed lag (ARDL) model to secondary data sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin, National Bureau of Statistics (NBS), and Debt Management Office (DMO). Th…
