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

Author

Listed:
  • Anochie Uzoma C.
  • Ude Damian Kalu
  • Osuji Obinna

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.

Suggested Citation

  • Anochie Uzoma C. & Ude Damian Kalu & Osuji Obinna, 2015. "Evaluating the Nigeria’s Domestic Public Debt Stock: Implications to Economic Growth," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 4(6), pages 298-312.
    • Handle: RePEc:rss:jnljee:v4i6p1
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    References listed on IDEAS

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    1. John G. Gurley & Edward S. Shaw, 1956. "Financial Intermediaries And The Saving‐Investment Process," Journal of Finance, American Finance Association, vol. 11(2), pages 257-276, May.
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