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Auto Regressive Distributed Lag Analysis of the Impact of Public Expenditure and Economic Growth in Nigeria
Journal of Applied Business and Economics
View Archive Info| Field | Value | |
| Title |
Auto Regressive Distributed Lag Analysis of the Impact of Public Expenditure and Economic Growth in Nigeria
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| Creator |
Emmanuel, Oyedokun Godwin
Prosper, Efionayi O. |
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| Description |
This study examined the impact of government expenditure on economic growth in Nigeria. Time series data for twenty-two years’ period were sourced from secondary sources and Auto Regressive Distributed Lag (ARDL) model was used in estimating relationship exists among variables of interest. Real Gross Domestic Product, a proxy for economic growth was adopted as the dependent variable while Total Recurrent Expenditure and Total Capital Expenditure constituted the independent variables. The result of the study shows that the public expenditure has a positive relationship but insignificant impact on the economic growth of Nigeria for the period under study. The study recommends amongst others that government should allocate more of its resources to the priority sectors of the economy such as economic services in the form of agriculture, education, construction as well as to infrastructural development, in order to encourage the growth of the economy.
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| Publisher |
North American Business Press
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| Date |
2018-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
https://articlegateway.com/index.php/JABE/article/view/222
10.33423/jabe.v20i9.222 |
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| Source |
Journal of Applied Business and Economics; Vol 20 No 9 (2018)
1499-691X 10.33423/jabe.v20i9 |
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| Language |
eng
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| Relation |
https://articlegateway.com/index.php/JABE/article/view/222/192
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| Rights |
Copyright (c) 2018 Journal of Applied Business and Economics
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