Ogundipe, Adeyemi A. Does Government Expenditure Spur Growth In ECOWAS? Does Government Expenditure Spur Growth In ECOWAS?. (Unpublished)
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Abstract
The paper attempts to investigate the relationship between government expenditure and economic growth in fifteen ECOWAS countries for the period of 2000-2010. The study adopts a panel data framework using the fixed and random effect model; the Hausman test employed in the model emphasized the appropriateness of the fixed effect model. The study found the indicator of government expenditure to induce a positive inelastic variation on economic growth; while the growth rates of government expenditure induce a nearly perfect inelastic negative variation on the GDP growth rates, this would not be unconnected with the weak fiscal discipline in the Nigerian economy. Our finding from estimation of growth rates is more pertinent to this study since the inclusion of rates would have accounted for the periodic effect. Prominent policy recommendation is the need to develop institutions that would ensure realistic, transparent and appropriate channelling of government expenditure towards productive economic activities.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Government Expenditure, Economic Growth, ECOWAS |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HJ Public Finance |
| Divisions: | UNSPECIFIED |
| Depositing User: | Adeyemi Ogundipe |
| Date Deposited: | 25 Nov 2013 14:38 |
| Last Modified: | 25 Nov 2013 14:38 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/1921 |
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