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Abstract
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Article Information:
Domestic Debt and the Nigerian Economy
I. Adofu and M. Abula
Corresponding Author: Adofu Ilemona
Submitted: 2009 December, 17
Accepted: 2010 January, 10
Published: 2010 January, 30 |
Abstract:
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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.
Key words: Budget deficit, debt profit, domestic debt, economic growth, public expenditure, ,
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Abstract
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Cite this Reference:
I. Adofu and M. Abula, . Domestic Debt and the Nigerian Economy. Current Research Journal of Economic Theory, (1): Page No: 22-26.
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ISSN (Online): 2042-485X
ISSN (Print): 2042-4841 |
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