Since 2014
Impact of Government Expenditure on Economic Growth in Nigeria: A Disaggregated Analysis
Asian Journal of Economics and Empirical Research
View Archive Info| Field | Value | |
| Title |
Impact of Government Expenditure on Economic Growth in Nigeria: A Disaggregated Analysis
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| Creator |
Ebong, Friday
Ogwumike, Fidelis Udongwo, Udeme Ayodele, Olumide |
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| Subject |
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Nigeria, Capital expenditure, Economic growth, Co-integration, Error correction model, productive spending. — |
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| 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.
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| Publisher |
Asian Online Journal Publishing Group
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| Contributor |
—
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| Date |
2016-09-02
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
text/html audio/mpeg |
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| Identifier |
http://www.asianonlinejournals.com/index.php/AJEER/article/view/829
10.20448/journal.501/2016.3.1/501.1.113.121 |
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| Source |
Asian Journal of Economics and Empirical Research; Vol 3, No 1 (2016); 113-121
2409-2622 2518-010X |
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| Language |
eng
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| 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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| Coverage |
0
https://scholar.google.com.pk/citations?view_op=view_citation&hl=en&imq=Asian+Online+Journal+Publishing+Group&authuser=5&citation_for_view=3v-9kFIAAAAJ:2tRrZ1ZAMYUC&gmla=AJsN-F5fwJE9Z22NwnOudHYspTM3NsnFNXpHf3l3CNBitGvkll9INMUTaa8ICbfEYX4vQ0Krfh8gTGWFsWBE6 — |
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| Rights |
Copyright (c) 2016 Asian Journal of Economics and Empirical Research
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