Evaluating the Nigeria’s Domestic Public Debt Stock: Implications to Economic Growth

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Evaluating the Nigeria’s Domestic Public Debt Stock: Implications to Economic Growth

Journal Title: Journal of Empirical Economics - Year 2015, Vol 4, Issue 6

Abstract

The study investigates the empirical relationship between domestic public debt stock and its implications to the economic growth of Nigeria. Using OLS regression techniques and the time series data from 1986 – 2005, the study explored the relationship between domestic debt and economic growth in Nigeria. Our result shows that public domestic debt stock has affected the growth of the economy negatively. In the light of the findings, the study recommend that the Government domestic borrowing should be discouraged and that increasing the revenue base through its tax reform programames should be encouraged.

Authors and Affiliations

Anochie Uzoma C. , Ude Damian Kalu, Osuji Obinna

Keywords

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EP ID EP27415
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