Public debt and inflation nexus in Nigeria: An ARDL bounds test approach
Akingbade Aimola,
Nicholas Odhiambo and
Christian Nsiah
Cogent Economics & Finance, 2021, vol. 9, issue 1, 1921905
Abstract:
Inflationary tendencies of public debt have been the cause of an unsettling debate among policymakers in Nigeria. Using the autoregressive distributed lag (ARDL) framework, this study attempts to investigate the impact of total public debt on inflation in Nigeria for the period 1983–2018. The cointegrating regression results reveal evidence of a stable long-run relationship among inflation, total public debt, money supply, interest rate, economic growth, trade openness, and private investment in the presence of structural breaks. Empirical results show that the impact of public debt on inflation is statistically insignificant, irrespective of whether the regression was in the short or the long run. Hence, the study concludes that inflation in Nigeria could be driven by other factors other than public debt.
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://hdl.handle.net/10.1080/23322039.2021.1921905 (text/html)
Access to full text is restricted to subscribers.
Related works:
Working Paper: Public Debt and Inflation Nexus in Nigeria: An ARDL Bounds Test Approach (2021) 
Working Paper: Public debt and inflation nexus in Nigeria: An ARDL bounds test approach (2021) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:oaefxx:v:9:y:2021:i:1:p:1921905
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/OAEF20
DOI: 10.1080/23322039.2021.1921905
Access Statistics for this article
Cogent Economics & Finance is currently edited by Steve Cook, Caroline Elliott, David McMillan, Duncan Watson and Xibin Zhang
More articles in Cogent Economics & Finance from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().