Fiscal Deficit Financing And Economic Development: Empirical Evidence From Nigeria (2005-2014)

ABSTRACT This study examined Fiscal Deficit Financing and Economic Development using empirical evidence from Nigeria from 2005-2014. Methodologically, the study adopted a quantitative research; employing time-series data (on Human Development Index which was used as a proxy for Economic Development and on Budget Deficit, External debt, Domestic Debt which were proxies for Fiscal Deficit Financing and on Interest Rate which was used as a control variable) sourced from the CBN Statistical Bulletin and Annual Reports 2015. Statistically, univariate analysis (using ADF and PP) tests, Johansen Co-i…