Fiscal Policy and Economic Growth in Nigeria
Emphasis on Various Components of Public Expenditure
Bibliographic Data
| ID | 4856351 |
|---|---|
| Authors | Sylvia Uchenna Agu (University of Nigeria, corresponding author), Ifeoma Mary Okwo (Enugu State University of Science and Technology), Okelue David Ugwunta, David Okelue Ugwunta (0000-0001-7502-8241, Enugu State University of Science and Technology), Adeline Nnenna Idike (Enugu State University of Science and Technology), Adeline Idike |
| Year | 2015 |
| Volume | 5 |
| Issue | 4 |
| Publication date | 2015-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | SAGE Open (JOURNAL) |
| Journal identifiers | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/2158244015610171 |
| OpenAlex | W2254837274 |
| Language | EN |
| Citations received | 2 |
| References cited | 9 |
This article aims at determining the impact of various components of fiscal policy on the Nigerian economy. We simply used descriptive statistics to show contribution of government fiscal policy to economic growth, and to ascertain and explain growth rates, and an ordinary least square (OLS) in a multiple form to ascertain the relationship between economic growth and government expenditure components after ensuring data stationarity. Findings revealed that total government expenditures have tended to increase with government revenue, with expenditures peaking faster than revenue. Investment expenditures were much lower than recurrent expenditures evidencing the poor growth in the country's economy. Hence, there is some evidence of positive correlation between government expenditure on economic services and economic growth. Therefore, in public spending, it is important to note that the effectiveness of the private sector depends on the stability and predictability of the public incentive framework, which promotes or crowds out private investment
Capital expenditure · Crowds · Economic growth · Economics · Economy · Fiscal policy · Government revenue · Government spending · Incentive · Macroeconomics · Market economy · Monetary economics · Politics · Predictability · Private sector · Public economics · Public expenditure · Public finance · Public sector · Revenue · Economic Growth and Productivity · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Finance
| Unique citing works | 2 |
|---|---|
| Citations per year | 0.67 |
| Citation span | 2023 - 2023 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |