Public Debt and Economic Growth in Nigeria: A Consideration of New Evidence
Author
Abstract
Suggested Citation
DOI: 10.2478/tjeb-2023-0001
Download full text from publisher
References listed on IDEAS
- Chukwunonso Ekesiobi & Stephen K. Dimnwobi, 2020.
"Economic Assessment of the Igbo Entrepreneurship Model for Entrepreneurial Development in Nigeria: Evidence from Clusters in Anambra State,"
Research Africa Network Working Papers
20/085, Research Africa Network (RAN).
- Chukwunonso Ekesiobi & Stephen K. Dimnwobi, 2020. "Economic Assessment of the Igbo Entrepreneurship Model for Entrepreneurial Development in Nigeria: Evidence from Clusters in Anambra State," Working Papers 20/085, European Xtramile Centre of African Studies (EXCAS).
- Chukwunonso Ekesiobi & Stephen K. Dimnwobi, 2020. "Economic Assessment of the Igbo Entrepreneurship Model for Entrepreneurial Development in Nigeria: Evidence from Clusters in Anambra State," Working Papers of the African Governance and Development Institute. 20/085, African Governance and Development Institute..
- Chukwuebuka Bernard Azolibe & Stephen Kelechi Dimnwobi & Chidiebube Peace Uzochukwu-Obi, 2022. "The Determinants of Unemployment Rate in Developing Economies: Does Banking System Credit Matter?," Working Papers 22/044, European Xtramile Centre of African Studies (EXCAS).
- Stephen Taiwo Onifade & Savaş Çevik & Savaş Erdoğan & Simplice Asongu & Festus Victor Bekun, 2020.
"An empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economy,"
Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-13, December.
- Stephen T. Onifade & Savaş Çevik & Savaş Erdoğan & Simplice A. Asongu & Festus Victor Bekun, 2019. "An Empirical Retrospect of the Impacts of Government Expenditures on Economic Growth: New Evidence from the Nigerian Economy," Working Papers 19/096, European Xtramile Centre of African Studies (EXCAS).
- Stephen T. Onifade & Savaş Çevik & Savaş Erdoğan & Simplice A. Asongu & Festus Victor Bekun, 2019. "An Empirical Retrospect of the Impacts of Government Expenditures on Economic Growth: New Evidence from the Nigerian Economy," Research Africa Network Working Papers 19/096, Research Africa Network (RAN).
- Stephen T. Onifade & Savaş Çevik & Savaş Erdoğan & Simplice A. Asongu & Festus Victor Bekun, 2019. "An Empirical Retrospect of the Impacts of Government Expenditures on Economic Growth: New Evidence from the Nigerian Economy," Working Papers of the African Governance and Development Institute. 19/096, African Governance and Development Institute..
- Onifade, Stephen & Çevik, Savaş & Erdoğan, Savaş & Asongu, Simplice & Bekun, Festus, 2019. "An Empirical Retrospect of the Impacts of Government Expenditures on Economic Growth: New Evidence from the Nigerian Economy," MPRA Paper 102058, University Library of Munich, Germany.
- T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
- Phelps, Edmund S. & Shell, Karl, 1969. "Public debt, taxation, and capital intensiveness," Journal of Economic Theory, Elsevier, vol. 1(3), pages 330-346, October.
- Chukwuebuka Bernard Azolibe & Stephen Kelechi Dimnwobi & Chidiebube Peace Uzochukwu-Obi, 2022. "The determinants of unemployment rate in developing economies: does banking system credit matter?," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 41(1), pages 300-319, July.
- Wang, Zhaohua & Asghar, Muhammad Mansoor & Zaidi, Syed Anees Haider & Nawaz, Kishwar & Wang, Bo & Zhao, Wehui & Xu, Fengxing, 2020.
"The dynamic relationship between economic growth and life expectancy: Contradictory role of energy consumption and financial development in Pakistan,"
Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 257-266.
- Zhaohua Wang & Muhammad Mansoor Asghar & Syed Anees Haider Zaidi & Kishwar Nawaz & Bo Wang & Wehui Zhao & Fengxing Xu, 2020. "The dynamic relationship between economic growth and life expectancy: Contradictory role of energy consumption and financial development in Pakistan," Post-Print hal-03558098, HAL.
- Kent Eliasson & Pär Hansson, 2016.
"Are workers more vulnerable in tradable industries?,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 152(2), pages 283-320, May.
- Eliasson, Kent & Hansson, Pär, 2013. "Are workers more vulnerable in tradable industries?," Working Paper Series, Center for Labor Studies 2013:16, Uppsala University, Department of Economics.
- Eliasson, Kent & Hansson, Pär, 2013. "Are workers more vulnerable in tradable industries?," Working Papers 2013:11, Örebro University, School of Business.
- Markus Ahlborn & Rainer Schweickert, 2018.
"Public debt and economic growth – economic systems matter,"
International Economics and Economic Policy, Springer, vol. 15(2), pages 373-403, April.
- Ahlborn, Markus & Schweickert, Rainer, 2015. "Public debt and economic growth: Economic systems matter," PFH Forschungspapiere/Research Papers 2015/02, PFH Private University of Applied Sciences, Göttingen.
- Ahlborn, Markus & Schweickert, Rainer, 2016. "Public debt and economic growth: Economic systems matter," University of Göttingen Working Papers in Economics 281, University of Goettingen, Department of Economics.
- Dimnwobi, Stephen Kelechi & Madichie, Chekwube V. & Ekesiobi, Chukwunonso & Asongu, Simplice A., 2022.
"Financial development and renewable energy consumption in Nigeria,"
Renewable Energy, Elsevier, vol. 192(C), pages 668-677.
- Dimnwobi, Stephen & Madichie, Chekwube & Ekesiobi, Chukwunonso & Asongu, Simplice A, 2022. "Financial Development and Renewable Energy Consumption in Nigeria," MPRA Paper 119312, University Library of Munich, Germany.
- Stephen K. Dimnwobi & Chekwube V. Madichie & Chukwunonso Ekesiobi & Simplice A. Asongu, 2022. "Financial Development and Renewable Energy Consumption in Nigeria," Working Papers 22/024, European Xtramile Centre of African Studies (EXCAS).
- Stephen K. Dimnwobi & Chekwube V. Madichie & Chukwunonso Ekesiobi & Simplice A. Asongu, 2022. "Financial Development and Renewable Energy Consumption in Nigeria," Working Papers of the African Governance and Development Institute. 22/024, African Governance and Development Institute..
- Waliu Olawale Shittu & Sallahuddin Hassan & Muhammad Atif Nawaz, 2018. "The nexus between external debt, corruption and economic growth: evidence from five SSA countries," African Journal of Economic and Management Studies, Emerald Group Publishing Limited, vol. 9(3), pages 319-334, July.
- Chukwuebuka Bernard Azolibe & Stephen Kelechi Dimnwobi & Chidiebube Peace Uzochukwu-Obi, 2022. "The Determinants of Unemployment Rate in Developing Economies: Does Banking System Credit Matter?," Working Papers of the African Governance and Development Institute. 22/044, African Governance and Development Institute..
- Mohammad Mafizur Rahman & Rezwanul Hasan Rana & Suborna Barua, 2019. "The drivers of economic growth in South Asia: evidence from a dynamic system GMM approach," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 46(3), pages 564-577, August.
- Krugman, Paul, 1988.
"Financing vs. forgiving a debt overhang,"
Journal of Development Economics, Elsevier, vol. 29(3), pages 253-268, November.
- Paul R. Krugman, 1988. "Financing vs. Forgiving a Debt Overhang," NBER Working Papers 2486, National Bureau of Economic Research, Inc.
- Adepoju, Adenike Adebusola & Salau, Adekunle Sheu & Obayelu, Abiodun Elijah, 2007. "The Effects of External Debt Management on Sustainable Economic Growth and Development: Lessons from Nigeria," MPRA Paper 2147, University Library of Munich, Germany.
- K. M. Guei, 2019. "External Debt and Growth in Emerging Economies," International Economic Journal, Taylor & Francis Journals, vol. 33(2), pages 236-251, April.
- Festus, Gift Emmanuel & Saibu, Muibi Olufemi, 2019. "Effect of external debt on Nigerian Economy: Further evidences," MPRA Paper 92704, University Library of Munich, Germany.
- Olugbenga Onafowora & Oluwole Owoye, 2019. "Public debt, foreign direct investment and economic growth dynamics," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 14(5), pages 769-791, March.
- Arčabić Vladimir & Tica Josip & Lee Junsoo & Sonora Robert J., 2018. "Public debt and economic growth conundrum: nonlinearity and inter-temporal relationship," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 22(1), pages 1-20, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Abdul Jalil, 2020. "Debt Sustainability: Economic Growth is the Panacea," PIDE Knowledge Brief 2020:19, Pakistan Institute of Development Economics.
- Uju Regina Ezenekwe & Eze A. Eze & Geraldine Ejiaka Nzeribe & Maria Chinecherem Uzonwanne, 2023. "Winning the Environmental Sustainability Crusade: Do Agricultural Development and Public Debt Mitigate Environmental Pollution in Nigeria?," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 1481-1497, September.
- Manamba EPAPHRA & William MESIET, 2021. "The external debt burden and economic growth in Africa: a panel data analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(627), S), pages 175-206, Summer.
- Onyekachukwu Ernest Ebenebe & Ifunanya Miracle Ejimgini & Uju Regina Ezenekwe & Christopher U. Kalu, 2024. "Bridging Health Divides: Remittances and Health Expenditure in Nigeria[1]," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(9), pages 24-41, September.
- Majed Alharthi & Md Mazharul Islam & Hawazen Alamoudi & Md Wahid Murad, 2024. "Determinants that attract and discourage foreign direct investment in GCC countries: Do macroeconomic and environmental factors matter?," PLOS ONE, Public Library of Science, vol. 19(2), pages 1-28, February.
- Bakari, Sayef, 2024. "Assessing the Impact of Domestic Investments and CO2 Emissions on Economic Growth in Sub-Saharan Africa: A Comprehensive Study (1990-2022)," MPRA Paper 120370, University Library of Munich, Germany.
- repec:zbw:bofrdp:2010_021 is not listed on IDEAS
- Sisira R. N. Colombage & Suborna Barua & Madurika Nanayakkara & Udari N. Colombage, 2023. "COVID-19 Effects on Public Finance and SDG Priorities in Developing Countries: Comparative Evidence from Bangladesh and Sri Lanka," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 35(1), pages 85-111, February.
- Philipp Heimberger, 2023.
"Do higher public debt levels reduce economic growth?,"
Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1061-1089, September.
- Philipp Heimberger, 2021. "Do Higher Public Debt Levels Reduce Economic Growth?," wiiw Working Papers 211, The Vienna Institute for International Economic Studies, wiiw.
- Philipp Heimberger, 2021. "Do higher public debt levels reduce economic growth?," FMM Working Paper 74-2021, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Simplice A. Asongu & Samba Diop & Ekene ThankGod Emeka & Amarachi O. Ogbonna, 2024.
"The role of governance and infrastructure in moderating the effect of resource rents on economic growth,"
Working Papers of the African Governance and Development Institute.
24/027, African Governance and Development Institute..
- Simplice A. Asongu & Samba Diop & Ekene ThankGod Emeka & Amarachi O. Ogbonna, 2024. "The role of governance and infrastructure in moderating the effect of resource rents on economic growth," Working Papers 24/027, European Xtramile Centre of African Studies (EXCAS).
- Javier García-Algarra & Gonzalo Gómez-Bengoechea & Mary Luz Mouronte-López, 2025. "Convergence Speed and Growth Patterns: A Dynamical Systems Approach," Computational Economics, Springer;Society for Computational Economics, vol. 65(2), pages 615-636, February.
- Bhanu Pratap Singh & Sujit Kumar, 2024. "Public Debt and Economic Growth in India: The New Evidence," Millennial Asia, , vol. 15(3), pages 429-446, September.
- Jiapin Deng & Yanchu Liu & Wenyue Xiao, 2025. "Too costly to make a difference: An examination on the relationship between online financing and economic growth," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 904-924, January.
- Ly Dai Hung, 2021.
"External Debts and Economic Growth when Debt Rating Matters,"
Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(03), pages 1-26, October.
- Ly Dai Hung, 2021. "External Debts and Economic Growth when Debts Rating Matters," Working Papers hal-03277527, HAL.
- Simplice A. Asongu & Samba Diop, 2022.
"Resource Rents and Economic Growth: Governance and Infrastructure Thresholds,"
Working Papers
22/072, European Xtramile Centre of African Studies (EXCAS).
- Simplice A. Asongu & Samba Diop, 2022. "Resource Rents and Economic Growth: Governance and Infrastructure Thresholds," Working Papers of the African Governance and Development Institute. 22/072, African Governance and Development Institute..
- Siti Daud & Jan Podivinsky, 2011. "Debt–Growth Nexus: A Spatial Econometrics Approach for Developing Countries," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 18(1), pages 1-15, September.
- Byaro, Mwoya & Pelizzo, Riccardo & Kinyondo, Abel, 2023. "What are the Main Drivers Behind the Acceleration of Tanzania's Economic Growth Over the Past Three Decades?," African Journal of Economic Review, African Journal of Economic Review, vol. 11(4), June.
- Muhammad Tariq Iqbal Khan & Sofia Anwar & Muhammad Rizwan Yaseen & Abdul Majeed Nadeem, 2022. "The Impact of Natural Disasters and Climate Change on Agriculture: An Empirical Analysis," Journal of Economic Impact, Science Impact Publishers, vol. 4(1), pages 28-38.
- Nelson Derrick Nguepi & Ibrahim Ngouhouo & Irina Bilan, 2024. "Foreign or Domestic Public Debt for Cameroon’s Development? An Externality Approach," Sustainability, MDPI, vol. 16(16), pages 1-27, August.
- Ekundayo Peter Mesagan & Xuan Vinh Vo & Precious Muhammed Emmanuel, 2023. "The technological role in the growth-enhancing financial development: evidence from African nations," Economic Change and Restructuring, Springer, vol. 56(1), pages 657-680, February.
- Ikonen, Pasi, 2010. "Effect of finance on growth through more efficient utilization of technological innovations," Research Discussion Papers 21/2010, Bank of Finland.
More about this item
Keywords
; ; ; ; ;JEL classification:
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
- O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:timjeb:v:16:y:2023:i:1:p:1-24:n:1001. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.