An Empirical Analysis of Public Borrowing and Economic Growth in Nigeria

نویسندگان

چکیده

This study seeks to evaluate the impact of public borrowing on economic growth in Nigeria using time series data from 1980 2018. Specifically, analyze effect domestic debt (proxy by Federal Government Bonds- FGB) and external International Monetary Fund Loan-IMFL) Nigerian’s Gross Domestic Product (GDP). To achieve this objective, secondary was collected Central Bank Statistical bulleting Debt Management Office Nigeria. A multiple regression model involving dependent variable (GDP) independent variables (FGB IMFL) formulated subjected econometric analysis. These were adjusted with Jarque-bera test normality while correlation result used check possibility multi- collinearity among variables. The t-test answer research questions hypotheses at 5percent statistical level. Results analysis show that a positive relationship exists between IMF Loan Nigeria’s gross product, negative FG Bonds which violates Keynesian theory debt. concludes both significantly affect Therefore, it recommended should be efficiently contracted solely for reasons not social or political as will help avoid accumulation stock overtime.

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ژورنال

عنوان ژورنال: International journal of business management and finance research

سال: 2021

ISSN: ['2641-5313']

DOI: https://doi.org/10.53935/26415313.v4i2.188