Effect Of Public Debt, Unemployment And Economic Growth In Nigeria

ABSTRACTThe study investigates public debt, unemployment and economic growth in Nigeria The study howeverinvestigates the level of real Gross Domestic Product vis-à-vis external debt, internal debt, unemployment and fiscal deficit. Ordinary Least Square (OLS) is used to estimate four major macroeconomic variables in order to justify their effects on economic growth. The results of the findings further suggest that external debt has a significant impact on the level of economic growth in Nigeria. Therefore, the study recommends among others that accumulation of public debt should be done with c…