ANALYSIS OF FISCAL DEFICIT SUSTAINABILITY IN NIGERIAN ECONOMY: AN ERROR CORRECTION APPROACH
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 2
Abstract
The study investigates the sustainability of fiscal policy in Nigeria over the period of 1980-2010 to determine whether or not the government has violated intertemporal government budget constraint. Using error correction method of analysis, the study revealed that fiscal policy was weakly sustainable in the economy of Nigeria. This study therefore recommends that government should improve on her tax revenue generation and other source of income but limit her expenditure to growth enhancing projects.
Authors and Affiliations
Oyeleke O. J| Department of Economics ObafemiAwolowo University, Ile-Ife,Osun State, Nigeria, Ajilore O. T| University of Cape Town, South Africa
Keywords
Related Articles
- EP ID EP2004
- DOI -
- Views 435
- Downloads 28
TRADE-GROWTH NEXUS IN DEVELOPING AND DEVELOPED COUNTRIES: AN APPLICATION OF EXTREME BOUNDS ANALYSIS
In this study, we investigated the relationship between foreign trade and economic growth in the developing and developed countries by using extreme bounds analysis approach. For this we used unbalanced panel data of 103...
DECISION USEFULNESS APPROACH TO FINANCIAL REPORTING: A CASE FOR MALAYSIAN INLAND REVENUE BOARD
This paper aims at determining whether or not financial reporting of companies in Malaysia provides useful information to Inland Revenue Board for income tax determination. The respondents in this study were staff of the...
THE TIME-VARYING IMPACT OF REGIONAL TRADE AGREEMENT: EVIDENCE FROM ASEAN
Regional Trade Agreements such as ASEAN Free Trade Area (AFTA) are expected to increase the trade flows among member countries through trade creation and trade diversion. This paper employs the gravity model using manufa...
TRADE LIBERALIZATION AND FORMAL-INFORMAL SECTOR WAGE DIFFERENTIAL IN NIGERIA
This study assessed the role of trade liberalization on the formal-informal sector of Nigeria. It examined whether or not the trade liberalization process have any effect on both the reduction in the wage differential be...
THE DETERMINANTS OF PROFIT FORECAST BY TUNISIAN COMPANIES
This paper aims to examine the impact of the determinants of profit forecast by companies on the level of detail of information published by the leaders. It analyzes the contribution of publications to reduce information...