International records / OpenAlex research

Deficit Financing and Standard of Living in Nigeria

Empirically diagnosed here is how deficit financing impacts on living standard of Nigerians. Living standard is indicated by gross domestic product per capita while deficit financing is applied as borrowings from the (African Development Bank, World Bank, International Monetary Funds, private financial institutions) and debt service payments. Yearly time-based data taking from 1990 to 2023 were obtained for analysis from the (National Bureau of Statistics’ report, Central Bank of Nigeria’s statistical bulletin and Debt Management Office reports). The Autoregressive Distributed Lag (ARDL) techn…