Fiscal Policy and Economic Growth: An Empirical Assessment In Fiscal Regimes In Nigeria (1970-2019)
Journal Title: International Journal of Social Science And Human Research - Year 2022, Vol 5, Issue 02
Abstract
This study examined the impact of fiscal policy on economic growth in Nigeria over the period 1970 to 2019, using annual data obtained from secondary sources. Specifically, the study examines the impact of government expenditure (capital and recurrent) on Nigeria’s gross domestic product in regulated and deregulated fiscal regime. The econometric techniques of ARDL and Bound Cointegration were used to analyze the data. The results obtained from the analyses show that government capital expenditure had a significant negative relationship with economic growth in Nigeria in the deregulated period but an insignificant effect in the regulated period; while government recurrent expenditure had a significant positive relationship with economic growth in Nigeria in the deregulated period and an insignificant effect in the regulated period. The regression coefficient of the dummy variable (Regime) was positively signed and significant implying that there is a significant difference in the impact of fiscal policy across the two periods (regulation and deregulation). Thus, the study concluded that fiscal policy is more effective in the deregulated period compared the regulated period. Among the recommendations of this study are that the government should avoid extravagant capital expenditure.
Authors and Affiliations
Endurance Gabriel Udo (Ph. D), Ekomabasi Akpan, Ofonime Moses Akpan(M. sc)
Keywords
Related Articles
- EP ID EP704028
- DOI 10.47191/ijsshr/v5-i2-29
- Views 142
- Downloads 0
The Influence of Performance Expectancy, Effort Expectancy, And Social Influence on Use Behavior with Behavioral Intention as A Mediator (A Case Study of Cash on Delivery (COD) System Users in Marketplaces)
Online shopping has gained significant popularity due to the numerous conveniences it offers. Several marketplaces provide various premium services, including the Cash on Delivery (COD) payment system, which has become a...
The Effectiveness of Play Therapy Studies on Behavioural Disorders in Children in Iran
Introduction: This study aimed to meta-analyze the influential play therapy studies on behavioural disorders in children in Iran. Method: The analysis of the present research method uses internal and external database...
The Influence of Workload, Work Stress, and Work Motivation towards Five Moment Hand Hygiene Obedience for the Nurse in Muhammadiyah University Hospital Malang
Hand hygiene is crucial and should be practiced consistently. Nurses who work in hospitals must do five moments of hand washing. Washing hands will prevent the transmission of diseases and microorganisms. Nurses often ex...
A New Perspective on the Profound Ties between Turkiye and the Western Balkans: A Case Study of Albania and Kosovo
There’s no doubt that between the state of Turkiye and the Western Balkan states, and in this context: the states of Albania and Kosovo, there’s a profound and an historic relation that encompasses a larger space in whic...
Promotion Strategies of Traditional Chinese Sports and Sports Commitment of Athletes in Selected Universities in Henan, China
This study evaluates the implications of strategic initiatives in cultural preservation, modernization, public awareness, policy support, international collaboration, and health and wellness integration on student engage...