Analysis of the Impacts of Domestic Debts on Private Sector Credit, Lending Rate, and Real Output: Evidence from Nigeria
作者: O. Akpansung Aniekan
作者单位: 1Department of Economics, Modibbo Adama University of Technology, Yola, Nigeria
刊名: Journal of Finance and Economics, 2018, Vol.6 (3), pp.111-123
来源数据库: Science and Education Publishing
DOI: 10.12691/jfe-6-3-5
原始语种摘要: It is commonly held that excessive domestic debt reduces private sector credit, raise bank lending rates, and shrink output as the Government competes with the private sector for private savings. Using multivariate vector autoregression approach and annual time series data spanning 1981-2016, this paper analysed the dynamic interactions and impacts of domestic debts on private sector credit, prime lending rate, and real output in Nigeria. The stability and higher-order dynamics of the VAR model were also examined. Our results provide evidence that Government domestic debt exerted statistically insignificant positive impacts on both private sector credit and prime lending rate, and a statistically significant negative impact on real output in Nigeria during the period covered by the study....
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关键词翻译
关键词翻译
  • sector 
  • autoregression 自回归
  • credit 信用
  • lending 出租
  • savings 储蓄
  • multivariate 多元
  • domestic 国产的
  • Analysis 分析
  • statistically 统计地
  • VAR Value-Added Remarketers