External Debt Relief and Economic Growth in Nigeria

Ekperiware, Moses C.; Oladeji, Sunday Idowu

doi:10.5923/j.economics.20120207.05

Cited by 19 publications

(16 citation statements)

References 12 publications

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“…In addition, Emmanuel (2012) assess the impact of public debt on economic growth in Nigeria, where he found a negative and quite significant impact of public debt on economic growth in the long-run, and a positive effect in the short-run. Furthermore, Ekperiware & Oladeji (2012) examine the effect of external debt relief on economic growth in Nigeria between 1975 and 2005. They found a structural break in the relationship between economic growth and external debt, where the external debt relief made more resources available for economic growth.…”

Section: Empirical Literaturementioning

confidence: 99%

The macroeconomic effects of public debt: an empirical analysis of Mozambique

Afonso

Ibraimo

2019

Applied Economics

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Public debt has been rising markedly over the years, which suggests an increase in public expenditure financed by debt instead of taxation. There is no consensus on the economic implications of borrowing to finance public expenditure. This dissertation empirically investigates the macroeconomic effects of public debt for the case of Mozambique over the period of 2000Q1-2016Q4. Vector Autoregression (VAR) model are used to assess these effects through impulse response functions and variance decomposition.We conclude that debt service variables have much more negative effects on this economy than debt variables. Debt variables over the period of this study had no significant impact on the real output and the debt service component depressed the real output, increased the general price level and accounted for depreciation on the domestic currency.

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Section: Empirical Literaturementioning

confidence: 99%

The macroeconomic effects of public debt: an empirical analysis of Mozambique

Afonso

Ibraimo

2019

Applied Economics

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“…A study by Ekperiware and Oladeji (2012) examined the effect of external debt relief on economic growth in Nigeria using regression technique on quarterly time series of external debt, external debt service and real gross domestic product. Applying Chowtest to the regression result they found that there was a structural break in the relationship between economic growth and external debt in Nigeria during the period 1975 to 2005.…”

confidence: 99%

Analysis of the Impact of External Debt on Economic Growth in an Emerging Economy: Evidence from Nigeria

Ndubuisi¹

2017

Afr. Res. Rev.

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This study set out to analyse the impact of external debt on economic growth of Nigeria. Data for the study are collected from secondary sources. The variables on which data are collected include; Gross Domestic Product, External debt services, external debt stock, external reserve, and exchange rate. The scope of the study covers the period from 1985 to 2015. Data are analysed using the ordinary least square regression, ADF unit root test, Johansen cointegration and error correction test. Findings reveal that debt service payment has negative and insignificant impact on Nigeria's economic growth while external debt stock has positive and significant effect on Nigeria's growth index. The control variables: external reserve and exchange rate have positive and significant effect on growth. The ADF unit root test shows that all the variables are not stationary at levels but at first difference. Johansen cointegration test shows long-run relationship between external debt and growth index (GDP). It also showsed that the variables have at least one common stochastic trend driving the relationship between them. The causality test indicates unidirectional causality between external debt and GDP. From the findings, the study recommended that government should apply external loans to infrastructural development; improve business environment through legislation; initiate proper debt management policies and substitute external borrowing for human capital development.

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“…Ekperiware and Oladeji, [16] examined the structural break relationship between budget deficit and economic performance in Nigeria. The study employed a quarterly time series data of budget deficit, budget deficit service and real GDP from 1980-2009.…”

Section: Empirical Reviewmentioning

confidence: 99%

Impact of government budget deficits on public health sector output in Nigeria

Umeh¹,

Ochuba²,

Ihezie³

2021

World J. Adv. Res. Rev.

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The study examined the impact of government budget deficits on the public health sector output in Nigeria over a period of 1980 to 2018. The specifically study sought to: investigate the impact of government budget deficits affect the public health sector output in Nigeria, ascertain the impact of external borrowing on the public health sector output in Nigeria and evaluate the impact of domestic borrowing budget deficits financing on the public health sector output in Nigeria. The methods of data analysis range from argument dickey fuller unit root test, Johansen co-integration test and finally error correction method. The following results were the basic findings of the study: (1) government budget deficits have positive insignificant impact on public health sector output in Nigeria (t – statistics (0.5663) < t0.05 (1.684); (2) external borrowing of financing budget deficits has negative insignificant impact on Health sector output in Nigeria (t – statistics (-1.2746) < t0.05 (1.684) and (3) domestic borrowing of financing budget deficits has positive significant impact on Health sector output in Nigeria (t – statistics (2.1711) > t0.05 (1.684). This study concludes that the budget deficits of government have positive insignificant impact on Health sector output in Nigeria because more budget allocations are put in health recurrent government expenditure than health capital expenditure whereas health capital expenditure is the engine of growth in health sector output. The study recommended that the Federal Government should commence and continue to execute the National Health Act. Allocation’s map-out for the Basic Health Care Provision Fund (BHCPF) should be drawn directly from the National Health Act, which is not less than 1% of the Consolidated Revenue (CRF) Fund of the Federation and is to flow from the FG's share of revenue.

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External Debt Relief and Economic Growth in Nigeria

Cited by 19 publications

References 12 publications

The macroeconomic effects of public debt: an empirical analysis of Mozambique

The macroeconomic effects of public debt: an empirical analysis of Mozambique

Analysis of the Impact of External Debt on Economic Growth in an Emerging Economy: Evidence from Nigeria

Impact of government budget deficits on public health sector output in Nigeria

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