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This note discusses the economics of government-debt accumulation. Fiscal deficits are only part of the picture; other factors include the level of debt as a percent of nominal GDP; the interest rate; the inflation rate; the growth rate; and changes in the exchange rate if some debt is owed in a...
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This study investigated the effect of government debt on Nigeria's economic growth using annual data from 1980 to 2018 … impediment to long-term growth while its short-term effect was growth-enhancing. Domestic debt had a significant positive impact … domestic resource mobilization, efficient debt management strategies and reliance on domestic debt rather than external debt …
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