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2010 (Vol. 2, Issue: 1)
Article Information:

Domestic Debt and the Nigerian Economy

I. Adofu and M. Abula
Corresponding Author:  Adofu Ilemona 

Key words:  Budget deficit, debt profit, domestic debt, economic growth, public expenditure, ,
Vol. 2 , (1): Page No: 22-26
Submitted Accepted Published
2009 December, 17 2010 January, 10 2010 January, 30
Abstract:

The study investigates the empirical relationship between domestic debt and economic growth in 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 domestic debt has affected the growth of the economy negatively. In the light of the findings, the study recommend that Government domestic borrowing should be discouraged and that increasing the revenue base through its tax reform programames should be encouraged.
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  Cite this Reference:
I. Adofu and M. Abula, 2010. Domestic Debt and the Nigerian Economy.  Current Research Journal of Economic Theory, 2(1): Page No: 22-26.
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ISSN (Online):  2042-485X
ISSN (Print):   2042-4841
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