Agbo, Elias Igwebuike FISCAL POLICY AND ECONOMIC GROWTH IN SUB-SAHARAN AFRICA. Advance Journal of Management, Accounting and Finance, 8 (4). pp. 81-977. ISSN 2364 – 4219

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The part played by fiscal policy in the long –run economic growth is central in macroeconomics. Theoretically, this item is considered capable affecting the growth of economy through both macroeconomic and microeconomic routes. While majority of the past studies concerning the correlation between fiscal policy and economic growth did not take taxation into account, they emerged with conflicting results. This study attempted to further examine the impact of fiscal policy on economic growth in the sub=Sahara African nations using Nigeria as case study and covering the period from 2011to 2021. Auto Regressive Distributed Lag (ARDL) was employed as analytical technique, while ex post facto research design was utilized. Real Gross Domestic Product proxied economic growth. Fiscal Policy, the explanatory variable, was represented was represented by federal government expenditure, government revenue and fiscal deficits. The findings obtained suggest that the impact of fiscal policy on economic growth is positive but non-significant. It is recommended by this work that more regulatory guidelines ought to be provided for government institutions in Nigeria and the rest of sub-Sahara African to perform their policy intermediation functions effectively.

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 02 Aug 2023 11:07
Last Modified: 18 Aug 2023 11:40

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