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ABSTRACT
This study investigates the impact of public debt and Institutions on economic growth in Nigeria using annual time-series data from 1981 to 2020 employing an auto regressive distributed lag (ARDL) model. The result shows that, institutional quality has significant negative influence on economic growth in Nigeria in the long-run at 5% level of significance. The implication is that Nigeria's institutional quality has harmed the economy's growth potential, resulting in negative effects. The ARDL result also shows that, there is no significant positive relationship between external debt and economic growth in both the short run and long run in Nigeria. This finding is in tandem with a priori expectation in that an increase in external debt will increase debt servicing thereby having a regressive impact on the growth rate of the economy. The economic implication is that debt servicing crowds out funds that would have been used for developmental purposes.
