Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142116
Authors: 
Essien, Sunday N.
Agboegbulem, Ngozi .T. I.
Mba, Michael K.
Onumonu, Ogochukwu G.
Year of Publication: 
2016
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Publisher:] The Central Bank of Nigeria [Place:] Abuja [Volume:] 7 [Year:] 2016 [Issue:] 1 [Pages:] 125-145
Abstract: 
This paper examines the impact of public sector borrowings on prices, interest rates, and output in Nigeria. It utilized a Vector Autoregressive framework, the Granger causality test, impulse response, and variance decomposition of the various innovations to study the impact. It found that shock to external debt stock increases prime lending rate, but with a lag. However, the level of external and domestic debt over the period of this study had no significant impact on the general price level and output.
Subjects: 
Public Debt
Output
Prices
Prime Lending Rate
Vector Autoregressive Model
Granger Causality
JEL: 
C32
E23
E31
E43
H63
Document Type: 
Article

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