Artikel
The impact of government debt on economic growth in Nigeria
This study investigated the effect of government debt on Nigeria's economic growth using annual data from 1980 to 2018 and the Autoregressive Distributed Lag technique. The empirical results showed that external debt constituted an impediment to long-term growth while its short-term effect was growth-enhancing. Domestic debt had a significant positive impact on long-term growth while its short-term effect was negative. In the long term and short term, debt service payments led to growth retardation confirming debt overhang effect. The findings suggested that the government should direct the borrowed funds to the diversification of the productive base of the economy. This will improve long-term economic growth, expand the revenue base and strengthen the capacity to repay outstanding debts when due. Fiscal improvements that encourage domestic resource mobilization, efficient debt management strategies and reliance on domestic debt rather than external debt for increased deficit financing to engender greater growth are the main contribution of the study.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Cogent Economics & Finance ; ISSN: 2332-2039 ; Volume: 9 ; Year: 2021 ; Issue: 1 ; Pages: 1-19
- Klassifikation
-
Wirtschaft
Economic Education and Teaching of Economics: Undergraduate
Fiscal Policy
Trade and Labor Market Interactions
General Financial Markets: Government Policy and Regulation
Tax Evasion and Avoidance
- Thema
-
ARDL cointegration
Debt overhang
Debt servicing
Economic growth
Government debt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Yusuf, Abdulkarim
Saidatulakmal Mohd
- Ereignis
-
Veröffentlichung
- (wer)
-
Taylor & Francis
- (wo)
-
Abingdon
- (wann)
-
2021
- DOI
-
doi:10.1080/23322039.2021.1946249
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Yusuf, Abdulkarim
- Saidatulakmal Mohd
- Taylor & Francis
Entstanden
- 2021
Ähnliche Objekte (12)
Government debt, government debt service and economic growth nexus in Zambia: A multivariate analysis
Fiscal sustainability in the presence of structural breaks: Does overconfidence on resource exports hurt government's ability to finance debt? Evidence from Nigeria
Modelling the determinants of government expenditure in Nigeria
Public debt and inflation nexus in Nigeria: An ARDL bounds test approach
Tax Revenue And Economic Growth In Nigeria
Determinants of debt maturity structure: Evidence in Vietnam
Is public debt harmful towards economic growth? New evidence from South Africa
Can public debt stimulate public investment and economic growth in South Africa?
Institutional ownership and cost of debt: evidence from Thailand
Public debt and borrowing: Are governments disciplined by financial markets?
External debt and current account adjustments: The role of trade openness
How does public debt affect economic growth? A systematic review
Government debt, government debt service and economic growth nexus in Zambia: A multivariate analysis
Fiscal sustainability in the presence of structural breaks: Does overconfidence on resource exports hurt government's ability to finance debt? Evidence from Nigeria
Modelling the determinants of government expenditure in Nigeria
Public debt and inflation nexus in Nigeria: An ARDL bounds test approach
Tax Revenue And Economic Growth In Nigeria
Determinants of debt maturity structure: Evidence in Vietnam
Is public debt harmful towards economic growth? New evidence from South Africa
Can public debt stimulate public investment and economic growth in South Africa?
Institutional ownership and cost of debt: evidence from Thailand
Public debt and borrowing: Are governments disciplined by financial markets?
External debt and current account adjustments: The role of trade openness
How does public debt affect economic growth? A systematic review
Government debt, government debt service and economic growth nexus in Zambia: A multivariate analysis
Fiscal sustainability in the presence of structural breaks: Does overconfidence on resource exports hurt government's ability to finance debt? Evidence from Nigeria
Modelling the determinants of government expenditure in Nigeria
Public debt and inflation nexus in Nigeria: An ARDL bounds test approach
Tax Revenue And Economic Growth In Nigeria
Determinants of debt maturity structure: Evidence in Vietnam
Is public debt harmful towards economic growth? New evidence from South Africa
Can public debt stimulate public investment and economic growth in South Africa?
Institutional ownership and cost of debt: evidence from Thailand
Public debt and borrowing: Are governments disciplined by financial markets?
External debt and current account adjustments: The role of trade openness