Impact of external debt servicing on economic growth in Nigeria: An ARDL approach
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School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
2020
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my.unimap-670962020-09-14T06:25:57Z Impact of external debt servicing on economic growth in Nigeria: An ARDL approach Muhammad Abdulaziz, Muhammad Kabir, Abdullahi mamhus30@gmail.com Autoregressive distributive lag External debt servicing External debt stock Link to publisher's homepage at https://ijbt.unimap.edu.my Nigeria was unbound since debt overhang, due to $18 billion debt write off; there is an alarm of another foreign debt problem in the country, considering its debt profile. This study investigates the impact of external debt servicing on Nigeria’s economic growth through a time-series data between 1985 to 2018 which was managed with Autoregressive Distributive Lag (ARDL) model. Results of the study indicated that in the long-run, external debt servicing will negatively affect economic growth. That is an increase in external debt servicing lead to a decline in economic growth. The study suggests that debt service requirement should not be allowed to increase above the debt stock and, the contracted loan should be devoted to infrastructure development through efficient and judicious utilization. 2020-09-14T06:25:57Z 2020-09-14T06:25:57Z 2020-06 Article International Journal of Business and Technopreneurship, vol.10(2), 2020, pages 257-268 2231-7090 (printed) 2232-1543 (online) http://dspace.unimap.edu.my:80/xmlui/handle/123456789/67096 https://ijbt.unimap.edu.my en School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) |
| institution |
Universiti Malaysia Perlis |
| building |
UniMAP Library |
| collection |
Institutional Repository |
| continent |
Asia |
| country |
Malaysia |
| content_provider |
Universiti Malaysia Perlis |
| content_source |
UniMAP Library Digital Repository |
| url_provider |
http://dspace.unimap.edu.my/ |
| language |
English |
| topic |
Autoregressive distributive lag External debt servicing External debt stock |
| spellingShingle |
Autoregressive distributive lag External debt servicing External debt stock Muhammad Abdulaziz, Muhammad Kabir, Abdullahi Impact of external debt servicing on economic growth in Nigeria: An ARDL approach |
| description |
Link to publisher's homepage at https://ijbt.unimap.edu.my |
| author2 |
mamhus30@gmail.com |
| author_facet |
mamhus30@gmail.com Muhammad Abdulaziz, Muhammad Kabir, Abdullahi |
| format |
Article |
| author |
Muhammad Abdulaziz, Muhammad Kabir, Abdullahi |
| author_sort |
Muhammad Abdulaziz, Muhammad |
| title |
Impact of external debt servicing on economic growth in Nigeria: An ARDL approach |
| title_short |
Impact of external debt servicing on economic growth in Nigeria: An ARDL approach |
| title_full |
Impact of external debt servicing on economic growth in Nigeria: An ARDL approach |
| title_fullStr |
Impact of external debt servicing on economic growth in Nigeria: An ARDL approach |
| title_full_unstemmed |
Impact of external debt servicing on economic growth in Nigeria: An ARDL approach |
| title_sort |
impact of external debt servicing on economic growth in nigeria: an ardl approach |
| publisher |
School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) |
| publishDate |
2020 |
| url |
http://dspace.unimap.edu.my:80/xmlui/handle/123456789/67096 |
| _version_ |
1678594080063356928 |
| score |
13.250246 |