GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA: COINTEGRATION ANALYSIS AND CAUSALITY TESTING
Journal Title: Academic Research International - Year 2012, Vol 2, Issue 3
Abstract
This study investigates the relationship between government expenditure (disaggregated into capital and recurrent) and economic growth in Nigeria over the period(1961-2010). It employs the Bounds Test approach to co-integration based on unrestricted Error Correction Model and Pair wise Granger Causality tests. The results fromthe Bounds Test indicate that there exists no long-run relationship between government expenditure and economic growth in Nigeria only when real GDP is taken as dependent variable. In addition, the causality results reveals that government capital expenditure granger causes economic growth. While no causal relationship was observed between government recurrent expenditure and economic growth. Therefore, the policy implication of this findings is that any reduction in capital expenditure would have a negative repercussions on economic growth in Nigeria.
Authors and Affiliations
Inuwa Nasiru
Keywords
Related Articles
- EP ID EP98251
- DOI -
- Views 126
- Downloads 0
EXPECTATIONS AND REALITIES: THE RELATIONSHIP BETWEEN THE FEMALE GENDER AND INSTITUTIONAL PRESSURES
Copyright © 2012 SAVAP International www.savap.org.pk www.journals.savap.org.pk 507 EXPECTATIONS AND REALITIES: THE RELATIONSHIP BETWEEN THE FEMALE GENDER AND INSTITUTIONAL PRESSURES Carlos Alberto Arruda BRAZIL....
Male Prostitution in Larkana City: An Unrevealed Truth
Like other professions, prostitution is a profession for providing sexual pleasure to their clients for the sake of money. This profession is increasing all over the world. Male prostitution is an unrevealed truth of tra...
MEASURING CONCENTRATION RADON AND THORON GASES IN SOIL OF THE BABYLON GOVERNORATE
In environmental science the terms Radon (222Rn) and thoron (220Rn) are usually taken to refer to radon isotope family, and have same chemical properties. They are an alpha particle emitter. Thoron`s average activity...
STUDENT ACADEMIC MOTIVATION OF SECONDARY SCHOOLS OF KHAIRPUR MIR’S
Strong study habits are key to student academic success, yet an understanding of the underlying motivations for student studying eludes most faculty members. This study, conducted at schools of khairpurMir’s, I designed...
EFFECT OF COHERENT AND INCOHERENT RADIATION ON SURFACE MORPHOLOGY OF SILICON NANO-STRUCTURE
In this work the effects of coherent radiation (Laser) and incoherent radiation (Halogen lamp) during the electrochemical etching process on the structural characteristics of n-type PSi sample...