International records / OpenAlex research

Fiscal Policy, Debt Management and Economic Growth in Nigeria

This study examines fiscal policy, debt management, and economic growth in Nigeria using annual data from 1990 to 2023 within an Autoregressive Distributed Lag (ARDL) framework. The results show that in the short run, government revenue to GDP has a negative and marginal effect on economic growth (β = –0.335, p≈0.055), while debt service payments significantly reduce economic growth (β = –3.70, p = 0.0120). External debt to GDP also exerts a delayed negative effect on growth (β = –0.932, p = 0.0068), whereas regulatory quality positively influences growth in the short run (β = 0.268, p = 0.022…