Public debt and economic growth: What we know today about the Nigerian economy tomorrow

Kur, Keghter Kelvin; Abugwu, Chimezie O’Brian; Abbah, Chidozie Sunday; Anyanwu, Ogochukwu Christiana

doi:10.57040/asshj.v2i4.75

Cited by 7 publications

(9 citation statements)

References 3 publications

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“…What of maternal mortality's effect on a country's population size? Unarguably, it reduces the population size and by implication the size of the labour force which negatively affects its significant influence the country's economic growth indicator (Kur et al, 2021).…”

Section: Literature Survey 21 Economic Development and Maternal Morta...mentioning

confidence: 99%

Maternal mortality and economic development in Sub-Saharan Africa

Nwankwo

Nnadi

Onu

et al. 2022

ASSHJ

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Globally, the highest number of maternal deaths is in Sub-Saharan African region with ratio of 546 maternal deaths per 100, 000 live births which is approximately 201,000 maternal deaths annually. This amounts to two-thirds of all maternal deaths per year worldwide. This fact calls for investigation to ascertain its effect(s) on economic development of the sub region. It is however hypothesized that maternal death generally is significant and has negative influence on economic growth (Gross Domestic product) both in under-developed, developing and developed nations. The objective of this study is to estimate the effect of maternal mortality on economic development in Sub-Sahara African region. Cross-sectional data analysis of selected member countries in the region under focus was employed using double-log econometric model. The source of data is from United Nations Development Programme and World Bank. The explanatory variables in the model were statistically significant at 5% level while other coefficients like maternal mortality, exports and imports conform to the apriori expectations and impacted negatively on the overall GDP. A necessary but not sufficient condition is investing on viable programmes and projects that reduce maternal deaths as well as spur significant economic returns and sustainability in sub-Saharan African economies are however recommended.

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Section: Literature Survey 21 Economic Development and Maternal Morta...mentioning

confidence: 99%

Maternal mortality and economic development in Sub-Saharan Africa

Nwankwo

Nnadi

Onu

et al. 2022

ASSHJ

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“…Some of the empirical results showed that internal debt and external debt increased economic growth (Dauda et al, (2013) ;Bhatta, (2015); Khan, et al, (2016); Sanchez-Juarez & Garcia-Almada, (2016); Ogunjimi (2019); Liu &Lyu, (2020); Abdulkarim&Mohd, (2021); Upadhyaya, (2021). A few other studies showed that there is negative relationship between the public debt and economic growth (Siddique et al, (2016); Hilton, (2021); Kur et al, (2021) ;Makun, (2021).…”

Section: Introductionmentioning

confidence: 98%

Public Debt and Economic Growth in Nepal

Shrestha¹

2023

Khwopa J.

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In case of increasing both internal and external debts in Nepal, this paper investigates the impact of internal and external outstanding debt along with gross fixed capital formation, broad money supply, total trade and national consumer price index on real GDP of Nepal for the period 1975 to 2021. The study applied domestic data sets with ordinary least square series. Unit root and cointegration tests are carried out. The cointegration results confirm long run relationship. The empirical results show that both the internal and external outstanding debts are contributing to real GDP in Nepal. The results are supported by econometric diagnostic tests. Based on the results, the paper recommends that taking public debt and investing in public sector is beneficial for real sector output in Nepal.

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“…In Sub-Saharan Africa, low-and middle-income countries saw a massive increase in debt, reaching $702 billion in 2020 [2]. In Somalia, the economy and human capital have suffered immense losses due to a prolonged civil conflict.…”

Section: Introductionmentioning

confidence: 99%

The Asymmetric Effects of Government Debt on GDP Growth: Evidence from Somalia

Mohamed,

Abdulle

2023

IJSDP

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With the recent worldwide financial crisis, government debt has become a focal point of economic attention. This fundamental economic concept reflects the amount a nation owes in international loans. Rapid loan accumulation has brought Somalia's economy to the brink of a debt crisis, threatening the long-term economic stability of the region. This study examines the asymmetric relationship between government debt and GDP growth in Somalia from 1980 to 2020. It employs non-linear autoregressive distributed lag (NARDL) methods to investigate the asymmetric effects of government debt on GDP growth. The findings indicate a negative relationship between government debt and GDP growth; an increase in government debt significantly impairs GDP growth. The estimated long-run parameters for negative shocks to government debt are -0.711 and -2.88, respectively, suggesting that a decrease in government debt will lead to an increase in GDP growth. These results argue that for Somalia to stimulate GDP growth, it must maintain its obligations at a rational level and strive for fiscal sustainability. Policy implications include fiscal debt management, prioritizing public investments, and increasing revenue through tax reforms, anti-corruption measures, and promoting business initiatives to finance public investments and reduce debt.

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Public debt and economic growth: What we know today about the Nigerian economy tomorrow

Cited by 7 publications

References 3 publications

Maternal mortality and economic development in Sub-Saharan Africa

Maternal mortality and economic development in Sub-Saharan Africa

Public Debt and Economic Growth in Nepal

The Asymmetric Effects of Government Debt on GDP Growth: Evidence from Somalia

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