OSINUBI, TOKUNBO SIMBOWALE; DAUDA, RISIKAT OLADOYIN S.; … - In: The Singapore Economic Review (SER) 55 (2010) 03, pp. 491-521
The necessity for governments to borrow in order to finance deficit budgets has led to the development of external debt. This study examines how the use of budget deficits as an instrument of stabilization leads to the accumulation of external debt with the attending effects on growth in Nigeria...