The sustainability of public debt in Nigeria

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dc.contributor.authorMbakwe, Chidozie Martin
dc.contributor.authorUniversity of Lethbridge. Faculty of Arts and Science
dc.contributor.supervisorRockerbie, Duane
dc.date.accessioned2023-01-19T21:35:36Z
dc.date.available2023-01-19T21:35:36Z
dc.date.issued2022
dc.degree.levelMastersen_US
dc.description.abstractThe study investigated the sustainability of public debt in Nigeria between 1986 to 2021 in the face of rising budget deficit and government expenditure with a significant loss of revenue amidst the COVID-19 pandemic. The study adopted the present value budget constraint (PVBC) approach using stationarity tests for the variables involved and a co-integration analysis to assess if the country’s debt profile is sustainable or not. The result shows a long-run relationship between the natural logarithm of government expenditure and its determinants such as debt-to-GDP ratio, oil revenue, inflation tax, etc., which suggests that PVBC holds, and the Nigerian public debt is sustainable within the reviewed period. The study concludes that the Nigerian public debt profile has remained within internationally acceptable limits of sustainability since the external debt relief in 2005.en_US
dc.identifier.urihttps://hdl.handle.net/10133/6411
dc.language.isoen_USen_US
dc.proquest.subject0501en_US
dc.proquest.subject0508en_US
dc.proquest.subject0617en_US
dc.proquestyesYesen_US
dc.publisherLethbridge, Alta. : Dept. of Economicsen_US
dc.publisher.departmentDepartment of Economicsen_US
dc.publisher.facultyArts and Scienceen_US
dc.relation.ispartofseriesThesis (University of Lethbridge. Faculty of Arts and Science)en_US
dc.subjectdebt sustainabilityen_US
dc.subjectpublic debten_US
dc.subjectcointegration testen_US
dc.subjectDebts, Public--Nigeriaen_US
dc.subjectCointegration--Nigeriaen_US
dc.subjectNigeria--Economic conditionsen_US
dc.subjectNigeria--Economic policyen_US
dc.subjectMacroeconomicsen_US
dc.subjectDissertations, Academicen_US
dc.titleThe sustainability of public debt in Nigeriaen_US
dc.typeThesisen_US
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