fiscal policy and economic growth in nigeria pdf

Fiscal Policy And Economic Growth In Nigeria Pdf

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The study examined the impact of government fiscal and monetary policies on economic growth within the period of 33 years Time series data were derived from the Central Bank of Nigeria statistical bulletin, while the method of analysis was the Johansen Cointegration test, vector error correction method and the Wald test of coefficient. The result of the findings showed that there is a significant relationship between explanatory variables government expenditure, interest rate and money supply taken jointly and the dependent variable real gross domestic product in the long run.

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This study examines the asymmetric effect of government spending on economic growth in Nigeria over the period — Specifically, this study investigates whether the response of economic growth to government spending shocks differs according to the nature of shocks on them. In addition, the authors examine whether the stabilizing effects of fiscal policies are dependent on the state of the business cycle. The study adopts the linear fiscal reaction function in addition to the nonlinear regression model of Hatemi-J , , Granger and Yoon , which allows us to separate negative shocks from positive shocks to government spending. Similarly, the authors adopt the generalized method of moments GMM techniques of Hansen to account for simultaneity and endogeneity problems inherent in dynamic model.

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Nordhaus, Venus Khim-Sen Liew, Andreas Schabert, Leeper, Wong, Ka-fu, Bleaney, Michael F.

The Nigerian government over the years embarked on diverse macroeconomic policy options to tinker the economy on the path of growth and development. Amongst the policy options readily employed is that of fiscal policy. Despite the lofty place of fiscal policy in the management of the Nigerian economy, the economy is yet to come on the path of sound growth and development. The intent of fiscal management is essentially to stimulate economic and social development by pursuing a policy stance that ensures a sense of balance between taxation, expenditure and borrowing that is consistent with sustainable growth. However, the extent to which fiscal management engenders private investment continues to attract theoretical and empirical debate especially in developing countries like Nigeria.

Fiscal Policy as an Engine of Economic Growth in Nigeria

Tax revenue is frequently considered as an alternative form of sustainable financing within a stable and predictable fiscal environment to promote growth and enable governments to finance their social and infrastructural needs. The objective of the study is to examine the effect of tax revenue on economic growth of Nigeria and Ghana. The study used multiple regressions as tools of analysis. The study finds a positive impact of tax revenue on the gross domestic product of Nigeria and Ghana confirming prior studies. The study recommended among others that adequate measure to ensure that revenue generated from the tax is effectively utilized to develop and grow the economy. Adegbie, F.

The system can't perform the operation now. Try again later. Citations per year. Duplicate citations. The following articles are merged in Scholar. Their combined citations are counted only for the first article. Merged citations.

Google- Scholar Metrics. Toggle navigation. Time series data from to relevant to the study were collected from the Central Bank of Nigeria statistical bulletin, Volume 22 and the National Bureau of Statistics. The ordinary least square method of multivariate regression was utilized in analyzing the log-linearized Model. The Augmented Dickey-Fuller unit root test was employed to establish the stationarity of the variables while the General-to-Specific approach to Autoregressive Distributed Lag ARDL model was used for testing for the existence of long-run and short-run equilibrium conditions. The findings were that, there is evidence of long run equilibrium relationship between fiscal policy and economic growth in Nigeria during the period studied.

Fiscal policy fosters economic growth and development through a number of different channels. These include the macroeconomic (influence on budget deficit​.

Macroeconomic policies and economic growth in Nigeria

Metrics details. The impacts of public expenditures on economic growth have been revisited in this paper with respect to capital expenditure, recurrent expenditure and the government fiscal expansion in line with support for the budgetary allocations to various sectors in the context of the Nigerian economy. Empirical findings support the existence of a level relationship between public spending indicators and economic growth in Nigeria. Incisively, recurrent expenditures of government were found to be significantly impacting on economic growth in a negative way while the positive impacts of public capital expenditures were not significant to economic growth over the period of the study.

А теперь - за работу. ГЛАВА 12 Дэвиду Беккеру приходилось бывать на похоронах и видеть мертвых, но на этот раз его глазам открылось нечто особенно действующее на нервы. Это не был тщательно загримированный покойник в обитом шелком гробу. Обнаженное тело, бесцеремонно брошенное на алюминиевый стол. Глаза, которые еще не приобрели отсутствующего безжизненного взгляда, закатились вверх и уставились в потолок с застывшим в них выражением ужаса и печали.

 Это не так важно, - горделиво заявил Клушар.  - Мою колонку перепечатывают в Соединенных Штатах, у меня отличный английский. - Мне говорили, - улыбнулся Беккер. Он присел на край койки.  - Теперь, мистер Клушар, позвольте спросить, почему такой человек, как вы, оказался в таком месте.

Сьюзан обмякла, испытав огромное облегчение, и почувствовала, что вновь нормально дышит: до этого она от ужаса задержала дыхание. Предмет в руке Стратмора излучал зеленоватый свет. - Черт возьми, - тихо выругался Стратмор, - мой новый пейджер, - и с отвращением посмотрел на коробочку, лежащую у него на ладони.

 Цепная мутация, сэр. Я проделал анализ и получил именно такой результат - цепную мутацию. Теперь Сьюзан поняла, почему сотрудник систем безопасности так взволнован. Цепная мутация.

Стратмор задумался над ее словами, затем покачал головой: - Пока не стоит. ТРАНСТЕКСТ работает пятнадцать часов. Пусть пройдут все двадцать четыре часа - просто чтобы убедиться окончательно.

 - Боже мой, Северная Дакота. Сокращенно NDAKOTA. Подумать .

The Impact of Fiscal and Monetary Policy on Nigerian Economic Growth

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