used where leverage (debt ratios) was regressed against GDP growth rate, inflation and interest rate. The study revealed … term debt ratio. Inflation on the other hand had a negative influence on the short term debts while interest rates as …

The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real …, and inflation level) is employed. Study adopted Johansen test. Findings indicated that both trace test and max eigenvalue … inflation causes interest rate. On the other hand all other variables are independent with each other. Regressionwas conducted …