An empirical analysis of the macroeconomic impact of public debt in Nigeria

Sunday N. Essien, Ngozi .T. I. Agboegbulem, Michael K. Mba and Ogochukwu G. Onumonu

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.

MoreLess

Year of publication:	June 2016
Authors:	Essien, Sunday N. ; Agboegbulem, Ngozi .T. I. ; Mba, Michael K. ; Onumonu, Ogochukwu G.
Published in:	CBN journal of applied statistics. - Abuja : Central Bank of Nigeria, ISSN 2476-8472, ZDB-ID 2854997-1. - Vol. 7.2016, 1, p. 125-145
Subject:	Public Debt \| Output \| Prices \| Prime Lending Rate \| Vector Autoregressive Model \| Granger Causality \| Öffentliche Schulden \| Public debt \| Nigeria \| VAR-Modell \| VAR model \| Kausalanalyse \| Causality analysis \| Wirkungsanalyse \| Impact assessment \| Zins \| Interest rate \| Schuldenmanagement \| Debt management

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	hdl:10419/142116 [Handle]
Classification:	C32 - Time-Series Models ; E23 - Production ; E31 - Price Level; Inflation; Deflation ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; H63 - Debt; Debt Management
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011460388