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
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