International records / OpenAlex research

Internal Debt, Investment and Economic Growth in Nigeria: An Empirical Analysis

This study examined the relationship between domestic debt, investment, and economic growth in Nigeria using annual time series data. The study employed the Augmented Dickey–Fuller (ADF) unit root test, the Autoregressive Distributed Lag (ARDL) model, and the Bounds testing approach to cointegration in order to analyze both the short-run and long-run dynamics among the variables. The unit root results revealed mixed stationarity among the variables, as some were stationary at level while others became stationary after first differencing, thereby justifying the use of the ARDL technique. The bo…