Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/316384 
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Volume:] 14 [Issue:] 2 [Year:] 2023 [Pages:] 103-131
Verlag: 
The Central Bank of Nigeria, Abuja
Zusammenfassung: 
This study examines external debt pass-through to inflation in Nigeria using annual data from 1981 to 2020 based on structural vector autoregressive (SVAR) model. The results reveal that an increase in external debt service leads to a significant depreciation of the exchange rate, which leads to a contemporaneous increase in inflation, while the direct response of inflation to external debt is statistically not significant. The impulse response confirms these results. The forecast error variance decomposition depicts that future values of official exchange rate depend on external debt, inflation and external debt service. The study recommends that the Nigerian government should curtail its acquisition of external loans as much as possible and widen the tax net to ensure that all taxable citizens obey their tax obligations.
Schlagwörter: 
External debt
external debt service
exchange rate
inflation
JEL: 
H63
F34 O24
E31
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
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