The Effect of Fiscal Policy on Capital Formation
Journal Title: Scholars Journal of Economics, Business and Management - Year 2014, Vol 1, Issue 9
Abstract
The study seeks to analyze the effect of fiscal policy on capital formation in Nigeria. The major objective of the study is to ascertain the extent fiscal policy measures have improved or otherwise the quantum of capital stock available for investment, consumption, and savings purposes. The problem is that the desired capital stock for investment has fallen short of the actual quantum required for such purposes despite the fiscal policy measures put in place to stimulate the desired quantum. The objectives and hypotheses could be tested and empirically investigated using the multiple regression model and correlation analysis. The t-test statistic were used to test the effect of the explanatory variables on the dependent variable. Data is gotten through both primary and secondary sources. Most secondary data is gotten from the Central Bank of Nigeria Statistical bulletin of various issues. The study recommends that domestic prices, exchange rate, interest rate and other macroeconomic indicators should be fine tuned to desired magnitudes to enhance the efficacy of the fiscal policy tools in boosting capital formation. Keywords: Fiscal policy, Nigeria, t-test, Central Bank of Nigeria
Authors and Affiliations
Dr. Basil Uche Onwe
Keywords
Related Articles
- EP ID EP384575
- DOI -
- Views 114
- Downloads 0
Customer Satisfaction towards Public Distribution System in India
PDS is considered as principal instrument in the hands of State Governments for providing safety net to the poor against the spiraling rise in prices of essential commodities. Public Distribution System (PDS) is a povert...
The role of Transformational Leadership style on Organizational Commitment in Bahrdar city Administration Revenue office
It has become clear that organizational commitment (OC) has important implications for employees and organizations as confirmed by past researchers. This study examines the impact of transformational leadership styles on...
E-Banking and Security Challenges in Nigeria: Option for the Banking Sector
Advancements in ICT have reduced the globe to a village where one can reach the world in a click, doing business across international boundaries and making profit beyond imaginations. Yet, in comparison to the developed...
Management and Strategies for Entrepreneurship Development in Emerging Economies
Abstract: Entrepreneurship plays an important economic role in economic development with impact of Globalization and Liberalization on Entrepreneurship. The paper sought to identify the management and strategies for deve...
Effect of Service Quality on Customer Satisfaction towards Selected Private Banks in Ethiopia
This study is to examine the impact of service quality on customer satisfaction evidence from select private banks in Dessie Town, Ethiopia. Service quality has been defined as a degree and direction of discrepancy betwe...