International records / OpenAlex research

Predictive Analysis of GDP-Debt Dynamics: An Econometric Approach

This study investigates the impact of external debt on economic growth in Nigeria over the period 2000 to 2023. Utilising a combination of econometric modelling, diagnostic testing, and predictive analytics, the research explores the debt- growth nexus, diagnoses econometric concerns, and forecasts future debt dynamics based on key macroeconomic indicators. The Ordinary Least Squares (OLS) regression results reveal that external debt exhibits a negative but statistically insignificant effect on economic growth, while variables such as foreign direct investment, government revenue, and inflatio…