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Determining The Optimal Public Debt Threshold For Nigeria, Babatunde S. Omotosho, Sani Bawa, Sani I. Doguwa
Determining The Optimal Public Debt Threshold For Nigeria, Babatunde S. Omotosho, Sani Bawa, Sani I. Doguwa
CBN Journal of Applied Statistics (JAS)
This paper investigates the existence of threshold effects in the relationship between public debt and economic growth in Nigeria using quarterly data. Generally, we found empirical support for an inverted U-shape relationship between public debt types and economic growth. For total public debt as percentage of GDP, model results identified a threshold level of 73.70 per cent, while the estimated inflexion points for external and domestic debts were 49.4 and 30.9 per cent, respectively. The implication of this finding is that debt accumulation in excess of the estimated threshold levels could hurt economic growth. A retrospective examination of the country’s …
Fiscal Policy And Private Investment In Selected West African Countries, Joseph A. Omojolaibi, Tochi-Nze P. Okenesi, Ekundayo P. Mesagan
Fiscal Policy And Private Investment In Selected West African Countries, Joseph A. Omojolaibi, Tochi-Nze P. Okenesi, Ekundayo P. Mesagan
CBN Journal of Applied Statistics (JAS)
This study sets out to examine the nexus between fiscal policy and private investment in five selected West African countries using annual data from 1993 to 2014. Employing Fixed Effect Model for Panel data ordinary least square approach, the results showed the existence of a significant crowding in effect of government capital expenditure and tax revenue while non-tax revenue showed a crowding out effect. Recurrent expenditure and external debt also showed crowding out effects but these were insignificant. The accelerator effect of output growth was also found to be insignificant across the countries over the time period. The study called …
An Empirical Analysis Of The Macroeconomic Impact Of Public Debt In Nigeria, Sunday N. Essien, Ngozi T. I. Agboegbulem, Michael K. Mba, Ogochukwu G. Onumonu
An Empirical Analysis Of The Macroeconomic Impact Of Public Debt In Nigeria, Sunday N. Essien, Ngozi T. I. Agboegbulem, Michael K. Mba, Ogochukwu G. Onumonu
CBN Journal of Applied Statistics (JAS)
This paper examines the impact of public sector borrowings on prices, interest rates, and output in Nigeria. It utilized a Vector Autoregressive framework, the Granger causality test, impulse response, and variance decomposition of the various innovations to study the impact. It found that shock to external debt stock increases prime lending rate, but with a lag. However, the level of external and domestic debt over the period of this study had no significant impact on the general price level and output.
Statistics (December 1990), Central Bank Of Nigeria Cbn
Statistics (December 1990), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a statistical representation of economic activities in Nigeria in December 1990
Statistics (June 1989), Central Bank Of Nigeria Cbn
Statistics (June 1989), Central Bank Of Nigeria Cbn
Economic and Financial Review
This a statistical representation of the economic activities in Nigeria in June 1989
Statistics (June 1987), Central Bank Of Nigeria Cbn
Statistics (June 1987), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a statistical representation of economic activities in Nigeria in June 1987
Statistics (March 1987), Central Bank Of Nigeria Cbn
Statistics (March 1987), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a statistical representation of economic activities in Nigeria in March, 1987
Statistical Section (June 1986), Central Bank Of Nigeria Cbn
Statistical Section (June 1986), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a statistical representation of economic activities in Nigeria in June 1986
Statistical Section (June 1982), Central Bank Of Nigeria Cbn
Statistical Section (June 1982), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a statistical representation of the economic activities in Nigeria in June 1982
Statistical Section (June 1980), Central Bank Of Nigeria Cbn
Statistical Section (June 1980), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a statistical representation of the economic activities in Nigeria in June 1980
Statistical Section (June 1978), Central Bank Of Nigeria Cbn
Statistical Section (June 1978), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is the statistical representation of the economic activities in Nigeria in June 1978
Statistical Section (June 1976), Central Bank Of Nigeria Cbn
Statistical Section (June 1976), Central Bank Of Nigeria Cbn
Economic and Financial Review
This is a statistical representation of economic activities in Nigeria in June 1976