An empirical analysis of the macroeconomic impact of public debt in Nigeria

Artikel

This paper examines the impact of public sector borrowings on prices, interest rates, and output in Nigeria. It utilized a Vector Autoregressive framework, the Granger causality test, impulse response, and variance decomposition of the various innovations to study the impact. It found that shock to external debt stock increases prime lending rate, but with a lag. However, the level of external and domestic debt over the period of this study had no significant impact on the general price level and output.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: CBN Journal of Applied Statistics ; ISSN: 2476-8472 ; Volume: 07 ; Year: 2016 ; Issue: 1 ; Pages: 125-145 ; Abuja: The Central Bank of Nigeria

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Macroeconomics: Production ; Price Level; Inflation; Deflation ; Interest Rates: Determination, Term Structure, and Effects ; National Debt; Debt Management; Sovereign Debt
• Subject: Public Debt ; Output ; Prices ; Prime Lending Rate ; Vector Autoregressive Model ; Granger Causality

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Essien, Sunday N. ; Agboegbulem, Ngozi .T. I. ; Mba, Michael K. ; Onumonu, Ogochukwu G.
• Event: Veröffentlichung
• (who): The Central Bank of Nigeria
• (where): Abuja
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/142116
• Last update: 10.03.2025, 11:45 AM CET