The impact of external debt on economic growth in sub saharan African.
The external debt burden and economic growth in the 1980s: Evidence from sub Saharan Africa.
Another policy implication of the study is that most developing countries contract debt for selfish reasons rather than for the promotion of economic growth through investment in capital formation and other social overhead capital.
Thus, the paper also recommends that government should rely more on domestic debt in stimulating growth rather than external debt. The Macroeconomics of Fiscal Deficits in Nigeria, Nigerian J.
Distribution of the estimators for autoregressive ime series with a unit root.
United Nations University, Helsinki, (Unpublished Manuscript). The rationale for this paper is to establish the relationship between economic growth, external debt and domestic debt in Nigeria. Debt has become inevitable phenomenon in Nigeria, despite its oil wealth. Public debt in developing countries: Has the market- based model worked? The impact of external debt reduction on economic growth in Nigeria: Some simulation results. Budget Deficits in Nigeria, 1974-1993: A Behavioural Perspectives. Ariyo (Ed.), Economic Reform and Macroeconomics Management in Nigeria. , Working Paper 10234, National Bureau of Economic Research, Cambridge, MA. External debt and economic growth: A computable general equilibrium case study of Turkey 1985-1986. Helping the Poor to Help Themselves: Debt Relief or Aid? Debt overhang, debt reduction and investment: The case of Philippine. Government should formulate policies aimed at encouraging domestic savings vis-à-vis domestic investment. The need for borrowing is due to gap between domestic savings and investment; therefore, bridging the gap can be a likely solution to Nigeria’s debt accumulation.