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

Anochie Uzoma C., Ude Damian Kalu and Osuji Obinna

Journal of Empirical Economics, 2015, vol. 4, issue 6, 298-312

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.

Keywords: Domestic Debt; Debt Stock; Developing Economy; Economic Growth. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rss:jnljee:v4i6p1

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