| Summary, etc |
This study investigates the relationship between “Government expenditure, public debt, and economic growth in Nigeria" between the period of forty two years (42) covered from 1980 to 2022. Nigeria, like many developing nations, has grappled with the<br/>challenge of balancing government spending with economic growth while managing its public debt levels. The research employs quantitative analysis utilizing time series data to explore the dynamic interplay among these variables. Over the examined period,<br/>Nigeria witnessed fluctuations in government expenditure and public debt levels amid varying economic conditions and policy interventions. The study employs econometric techniques such as Auto-Regressive Distributed Lag (ARDL). The findings of this<br/>study show that there was a long-run relationship between public expenditure and economic growth; public debt and economic growth at 10% level of significance. The results may reveal insights into the effectiveness of government spending in stimulating<br/>economic growth, the implications of high public debt levels on macroeconomic stability, and the potential trade- offs between short-term fiscal expansion and longterm debt sustainability. Key Words: Government expenditure, Public debt, economic growth.<br/> |
