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.

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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 Unpublished German Script from Bamberg University, Bamberg.



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Nigeria Economic Update (Issue 13)

Recent Data on Nigerias Real GDP growth rate (Year-on-Year) declined by 0.73 percentage points, from 2.84 per cent in 2015Q3 to 2.11 percent in 2015Q4. The slowdown in economic growth was largely driven by the decline in the performance of the oil sector which was occasioned by the slump in crude oil prices and the slight drop in the volume of crude oil produced. Specifically, compared to the 1.05 percent growth recorded in 2015Q3, the oil sector witnessed a negative growth of 8.28 percent in 2015Q4.