Fiscal Policy and Economic Growth in Nigeria: Emphasis on Various Components of Public Expenditure

SAGE Open

Sylvia Uchenna Agu¹ 

关键词: fiscal policy;    economic;    growth;    public expenditure;    components;   

DOI  :  10.1177/2158244015610171

学科分类：社会科学、人文和艺术（综合）

来源: Sage Journals

【 摘 要 】

This article aims at determining the impact of various components of fiscal policy on the Nigerian economy. We simply used descriptive statistics to show contribution of government fiscal policy to economic growth, and to ascertain and explain growth rates, and an ordinary least square (OLS) in a multiple form to ascertain the relationship between economic growth and government expenditure components after ensuring data stationarity. Findings revealed that total government expenditures have tended to increase with government revenue, with expenditures peaking faster than revenue. Investment expenditures were much lower than recurrent expenditures evidencing the poor growth in the country’s economy. Hence, there is some evidence of positive correlation between government expenditure on economic services and economic growth. Therefore, in public spending, it is important to note that the effectiveness of the private sector depends on the stability and predictability of the public incentive framework, which promotes or crowds out private investment.

【 授权许可】

CC BY