eprintid: 12390
rev_number: 7
eprint_status: archive
userid: 564
dir: disk0/00/01/23/90
datestamp: 2019-02-14 15:38:05
lastmod: 2019-02-14 15:38:05
status_changed: 2019-02-14 15:38:05
type: article
metadata_visibility: show
creators_name: Isibor, Areghan Akhanolu
creators_name: Babajide, A. A
creators_name: Okafor, Tochukwu Chibuzorb
creators_id: abiola.babajide@covenantuniversity.edu.ng
title: PUBLIC EXPENDITURE AND NIGERIAN ECONOMIC GROWTH
ispublished: pub
subjects: H1
subjects: HB
divisions: sch_soc
full_text_status: public
keywords: Capital expenditure, Recurrent expenditure, Gross Domestic
Product, Two-stage least squares
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
date: 2014
date_type: published
publication: PUBLIC EXPENDITURE AND NIGERIAN ECONOMIC GROWTH
refereed: TRUE
citation:   Isibor, Areghan Akhanolu and Babajide, A. A and Okafor, Tochukwu Chibuzorb  (2014) PUBLIC EXPENDITURE AND NIGERIAN ECONOMIC GROWTH.  PUBLIC EXPENDITURE AND NIGERIAN ECONOMIC GROWTH.       
document_url: http://eprints.covenantuniversity.edu.ng/12390/1/Public%20expenditure%20and%20the%20Nigerian%20economy.pdf