Revenue Allocation and Economic Development in Nigeria
An Empirical Study
Bibliographic Data
| ID | 3317606 |
|---|---|
| Authors | Dagwom Yohanna Dang (0000-0001-8842-4681, Plateau State Polytechnic, Barkin Ladi, Nigeria, corresponding author) |
| Year | 2013 |
| Volume | 3 |
| Issue | 3 |
| Publication date | 2013-07-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | SAGE Open (JOURNAL) |
| Journal identifiers | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/2158244013505602 |
| OpenAlex | W1922762212 |
| Language | EN |
| Citations received | 2 |
| References cited | 11 |
This study empirically examines the impact of revenue allocation on economic development in Nigeria. Specifically, the study looks at how the various revenue allocations to the three tiers of government affect real gross domestic product (RGDP) in Nigeria using time series data for the period 1993 to 2012. Error correction model (ECM) and Pairwise Granger Causality test are used in analyzing the data. The study carries out test of stationarity of the variables using Augmented Dickey-Fuller unit root test and test of long-run relationship among the variables using Johansen Cointegration test. The study's findings show that revenue allocations have significant causal relationship with economic development in Nigeria, with only revenue allocation to states having significant negative relationship. Unidirectional causality runs from revenue allocations to real GDP in Nigeria. All variables of the study are cointegrated and have a long-run relationship that 87.62% of the short-run disequilibrium is corrected yearly. The study recommends among others that more financial control and value for money audit should be carried out to minimize wastages and corruption in the states of the federation, so as to change the direction of influence of states' revenue allocation on economic development
Cointegration · Econometrics · Economics · Error correction model · Government revenue · Granger causality · Johansen test · Macroeconomics · Revenue · Short run · Unit root · Unit root test · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact · Finance
Public finance in theory and practice
Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models
Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root
Symposium on Health Care Reform
The Elements of Public Finance
A Contribution to the Theory of Economic Growth
The Origins of Endogenous Growth
| Citations per year | 0.5 |
|---|---|
| Citation span | 2022 - 2023 (2) |
| Highly cited | No |