Members
Register

ARTICLE SUMMARY

Title: Growing, Domestic Debt, External Debt And Unemployment In Nigeria
Author(s): John Norense Izevbigie & Roland Ighiwiyisi Irughe
Abstract: Owing to continuous increase in domestic debt, external debt and unemployment rate in Nigeria, the impact domestic debt and external debt has on unemployment rate for the period 1981­2020 using ARDL methodology was examined. From the empirical analysis, it was found that domestic debt statistically and signifcantly engender reduction in unemployment rate while external debt increases unemployment rate over the long term period. The speed of adjustment in the event of temporary displacement from equilibrium is high (59 percent) while Causality test shows one way causation from domestic debt to unemployment rate? bidirectional causation was established between unemployment and domestic investment, foreign investment and unemployment, domestic investment and domestic debt, and between domestic investment and external debt. The test for structural stability shows that the model is structurally stable. Implications and option for policies were put forward in the light of the empirical findings.
Keywords: Domestic Debt, External debt, Unemployment, Time Series Analysis, Nigeria.

Editorial Board

MANAGING EDITOR

Dr. Dennis B. Ewubare

EDITORS

Dr. Richard N Amadi
Dr. Ayodele O. Momodu

ASSOCIATE EDITORS

Dr. David O. Edokpa
Dr. Modubochi Wosu
Mrs. Oghenetega E. Wadi
Mr. Ebenezer F. Umor
Mr. Enyindah O. Owabie
Mr. Peter P. Finebone

EDITORIAL ASSISTANT

Mrs. Theresa B. Chris-Biriowu

EDITORIAL CONSULTANTS

Prof. Godwin B. Okon
Prof. Precious N. Ede
Dr. Joseph I. Onyema
Dr. Emmanuel O. Davies
Read more >>>

Call for papers

The journal welcomes research articles for publication from interested scholars and researchers in the broad spectrum of social sciences as well as ancillary disciplines like Humanities, Spatial and Management Sciences.
Research areas include but not limited to

Communications and Media Studies (All streams)
Economics (All streams)
Geography and Environmental Management (All streams)
Political Science (All streams)
Psychology (All streams)
Sociology (All streams)
General Interest Studies and lots more (All streams)