NEGLECTED TROPICAL DISEASES WITH SPECIFIC EMPHASIS ON ANALYTICALLYINVESTIGATING THE INFLUENCE OF AGE-STRUCTURE ON THE TRANSMISSION DYNAMICS OFHOOKWORM

Abstract

This study examined the relationship between public debt and economic growth in Nigeria using annual time-series data from 1990 to 2022. Real Gross Domestic Product was used as the measure of economic growth, while the Autoregressive Distributed Lag (ARDL) modelling approach was employed for analysis. The Augmented Dickey–Fuller (ADF) test was used to examine the stationarity of the variables, while the ARDL bounds test assessed the existence of a long-run equilibrium relationship. An Error Correction Model (ECM) was subsequently employed to examine short-run dynamics. The findings from the ADF test confirmed that the variables were stationary. The ARDL results indicated that government borrowing had no significant short-run effect on economic growth. However, the bounds test confirmed the existence of a long-run equilibrium relationship between public debt and economic growth. The study concludes that government borrowing does not significantly promote short-run economic growth but has significant long-run implications for Nigeria's economy.