Isibor, Areghan Akhanolu and Babajide, A. A and Okafor, Tochukwu Chibuzorb (2014) PUBLIC EXPENDITURE AND NIGERIAN ECONOMIC GROWTH. PUBLIC EXPENDITURE AND NIGERIAN ECONOMIC GROWTH.
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Abstract
This study assesses the impact of government expenditures on the economy (GDP) based on secondary data from 1970 to 2012. Variables considered relevant indicators of economic growth and public expenditure from literatures were used. The data were subjected to the instrumental variables two-stage least squares regression. The result showed that both capital expenditure and lagged-two capital expenditure positively and significantly impacts GDP. For the second equation, only internal debt positively impact GDP. The study thus recommends among others more budgetary allocations to public expenditures while the Public Private Partnership model was encouraged for capital projects in order to minimize corruption
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Capital expenditure, Recurrent expenditure, Gross Domestic Product, Two-stage least squares |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 14 Feb 2019 15:38 |
| Last Modified: | 14 Feb 2019 15:38 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/12390 |
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