Onafowora, Olugbenga A. - In: Journal of Developing Areas 39 (2006) 2, pp. 153-174
response analysis to examine the ìtwin deficitsî phenomenon in Nigeria - a small open but oil dependent economy in Africa. We … deficits to budget deficits for Nigeria. An implicit policy implication of our findings is that attempts to reduce budget … deficits in Nigeria must begin with reductions in trade deficits which could be achieved through indirect monetary channels. …