国内债务对尼日利亚经济增长的影响

Helen Walter MBOTO, Innocent Obeten OKOI, Edom Onyam EDOM, Monica Akeh UKONGIM
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摘要

该研究利用国库券、国库券和其他国内债务工具对经济增长评估了国内债务对尼日利亚经济增长的影响。采用事后研究设计。二级数据来源于中国气象局1990 - 2019年统计公报。采用自回归分布滞后(ARDL)技术对数据进行分析。分析结果表明,短期和长期国库券对尼日利亚经济增长的影响都不显著。研究表明,国债对尼日利亚经济增长的短期效应显著,但长期效应不显著;最后,发现尼日利亚除国债以外的国内债务工具对经济增长的影响不显著。根据调查结果,该研究建议政府应减少短期国内借款,更多地利用长期债务工具为其促进经济增长的活动筹集资金。在使用长期借贷工具应该关注国债的承诺高经济回报和前景在短期内可能增加长期经济发展应密切监测,以避免最后借入资金挪用公款,并确保它是用于基础设施建设和实现和平与安全的生命和财产,因为这将引发经济增长长期和短期。
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Implication of Domestic Debt on Economic Growth in Nigeria
The study assessed the implication of domestic debt on the growth of the Nigerian economy using treasury bills, treasury bond and other domestic debt instruments on economic growth. The ex-post facto research design was used. Secondary data were gotten from the CBN statistical bulletin for the period 1990 to 2019. The data were analyzed using the Autoregressive Distributive Lag (ARDL) technique. Findings from the analyses showed that there was an insignificant effect of treasury bill on the growth of the Nigerian economy both in the short run and long run. The study showed that there is a significant short run effect of treasury bond but an insignificant long run effect on the growth of the Nigerian economy and lastly, it was discovered that domestic debt instruments other than treasury bond in Nigeria had no significant effect on economic growth. Based on the findings, the study recommended that government should reduce short term domestic borrowing and use more of long-term debt instrument in mobilizing funds for its activities to enhance economic growth. Also, in using long term borrowing instrument the focus should be on treasury bond as it promises high economic returns and prospects in the short run which could add up to long term economic progress and lastly borrowed funds should be monitored closely to avoid embezzlement and to ensure that it is used for infrastructural building and for the attainment of peace and security of lives and properties as this would trigger economic growth both in the long run and short run.
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