Impact of Public Expenditure on Nigeria's Economic Growth

Aniobi, Chidimma (2018) Impact of Public Expenditure on Nigeria's Economic Growth. Diploma thesis, Godfrey Okoye University.

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This study examines the impact of public expenditure on economic growth in Nigeria using time series data over the period 0f 1981-2016. The study is primarily aimed at ascertaining the relationship between federal government expenditure and economic growth in Nigeria. To achieved this objective, the study adopted the econometric technique of Ordinary Least Squares (OLS) and Error Correction Mechanism (ECM). The Augmented Dickey Fuller test was used in the study to check for unit root. The ADF result showed that all the variables were stationary at first difference and the co-integration test indicated a long run relationship among the variables.The findings reveal that federal government capital expenditure, federal government recurrent expenditure and gross fixed capital formationare statistically significant while inflation rate is statistically insignificant.On the bases of the foregoing, the study recommends relevant authorities should monitor each project issued out to avoid diverting the fund meant for public good. Government expenditure should be promoted in as much as it is geared to productive investment that will facilitate growth and development in the country.

Item Type: Thesis (Diploma)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Faculty of Management and Social Sciences
Depositing User: miss chidimma aniobi
Date Deposited: 03 Aug 2018 13:08
Last Modified: 03 Aug 2018 13:08

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