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Impact of Government Expenditure on Economic Growth in Nigeria: A Disaggregated Analysis

Kasarinlan: Philippine Journal of Third World Studies

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Title Impact of Government Expenditure on Economic Growth in Nigeria: A Disaggregated Analysis
 
Creator Ebong, Friday
Ogwumike, Fidelis
Udongwo, Udeme
Ayodele, Olumide
 
Subject
Nigeria, Capital expenditure, Economic growth, Co-integration, Error correction model, productive spending.

 
Description The purpose of this paper was to assess the impact of government capital expenditures on economic growth in Nigeria during 1970 and 2012. A multiple regression model based on a modified endogenous growth framework was utilized to capture the interrelationships among capital expenditures on agriculture, education, health economic infrastructure and economic growth. Drawing on error correction and cointegration specifications, an OLS technique was used to analyze annual time series. Both short and long run effects of government capital expenditures on economic growth were estimated. Government capital expenditures had differential effects on economic growth. Capital expenditures on Agriculture did not exert any significant influence on growth both in the long and short runs. Similarly, the corresponding short-run and long-run impacts on growth of capital expenditures on Education were 0.45 and 0.48, respectively. These results were positive and statistically significant at the 5% level. The short-run impact of health capital expenditures on economic growth was 0.21, while the long-run impact was 0.16. These impacts were negative and insignificant. Expenditures on economic infrastructure had significant positive impacts on growth of 0.28 in the short-run and 0.32 in the long-run.
 
Publisher Asian Online Journal Publishing Group
 
Contributor
 
Date 2016-09-02
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
text/html
audio/mpeg
 
Identifier http://www.asianonlinejournals.com/index.php/AJEER/article/view/829
10.20448/journal.501/2016.3.1/501.1.113.121
 
Source Asian Journal of Economics and Empirical Research; Vol 3, No 1 (2016); 113-121
2409-2622
2518-010X
 
Language eng
 
Relation http://www.asianonlinejournals.com/index.php/AJEER/article/view/829/pdf
http://www.asianonlinejournals.com/index.php/AJEER/article/view/829/html
http://www.asianonlinejournals.com/index.php/AJEER/article/view/829/659
 
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https://scholar.google.com/citations?view_op=view_citation&hl=en&imq=Asian+Online+Journal+Publishing+Group&authuser=5&citation_for_view=3v-9kFIAAAAJ:2tRrZ1ZAMYUC&gmla=AJsN-F5fwJE9Z22NwnOudHYspTM3NsnFNXpHf3l3CNBitGvkll9INMUTaa8ICbfEYX4vQ0Krfh8gTGWFsWBE6

 
Rights Copyright (c) 2016 Asian Journal of Economics and Empirical Research