Does public debt matter for human capital development? Evidence from Nigeria
Ebele Stella Nwokoye,
Stephen Kelechi Dimnwobi,
Favour Chidinma Onuoha
et al.
Abstract:An inquiry into the impact of external and domestic borrowings is considered timely for Nigeria, given the growing public debt profile amid deteriorating human capital development. Using data from 1990 to 2021, the study estimates the effects of domestic and external debts on Nigeria's human capital development. The study employed the fully modified ordinary least squares and canonical cointegration regression as the main estimation technique and the robustness check, respectively. The study discovered that do… Show more
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