Bi-weekly Seminars

June 18, 2013

Public Debt In A Growing Economy And Implications For The Nigerian Case

The
paper analyses the impact of public debt on an economy using Nigeria as case
study and identifies steady states in the model of a closed economy.

Download Label
March 13, 2018 - 4:00 am
application/pdf
435.36 kB
v.1.7 (stable)
Read →


Author:Prof. Dr. Dr. h.c. H.-Dieter Wenzel

Document Size:31pages


Main Source of Presentation

Wenzel, H.-Dieter (2001). Growth Equilibria with Public Debt. Society and Economy in Central and Eastern Europe. Journal of the Budapest University of Economic Sciences and Public Administration. Bd.(Vol.) 23/1-2 S. 70-88. Budapest .

Wenzel, H.-Dieter (2006). Public Finance (ffentliche Finanzen). Unpublished German Script from Bamberg University, Bamberg.




Related

 

Nigeria Economic Update (Issue 43)

Crude oil prices have sustained upward increases for the past few weeks in October. While upward trajectory of crude oil prices is expected to be sustained in the short term in line with OPECs production cuts deal expected to run until March 2018, it is important to note that crude oil prices would remain volatile. The Nigerian government therefore should take advantage of periods of high revenue from crude oil exports to develop other sectors (such as Agriculture, Manufacturing and Services sectors) of the economy as key exporting and revenue generation sectors, and thus minimize volatility risks

Nigeria Economic Update (Issue 12)

The Naira sustained its appreciation trajectory at the parallel market in the review week. Precisely, naira gained 13.3 percent (Week-on-Week) to exchange at N390/$ on March 24, 2017. Reduced pressure on the naira followed moderation in speculative activities as a result of increased forex sales and intervention by the CBN (daily intervention of $1.5 million at the interbank market.) The aim of CBN interventions (narrowing the gap between interbank and parallel market rates) seems to be on course with the continued appreciation of the naira at alternative markets. While current approach of the apex bank proves effective in improving international value of naira in the short term, however, it is expedient that the bank articulates clear and credible flexible exchange rate policy to sustain the momentum and enhance confidence in the forex market in the medium term. Nonetheless, the sustainability of the exchange rate gains is partly dependent on the prospect of crude oil price and production which is outside the purview of the monetary authorities.