Public Spending, Fiscal Sustainability and Macroeconomic Performance in Nigeria

dc.contributor.authorSaibu, O.M.
dc.date.accessioned2022-01-18T09:04:45Z
dc.date.available2022-01-18T09:04:45Z
dc.date.issued2018
dc.descriptionScholarly articlesen_US
dc.description.abstractThis paper examines fiscal sustainability in Nigeria, vis-à-vis the economic performance in the country. Using the framework of an intertemporal budget constrain for the government, a fiscal sustainability equation is derived and the conditionality for establishing sustainability is ascertained. The empirical strategy applies the unit root test, cointegration test and dynamic OLS (DOLS) regression approach for testing the sustainability of the fiscal stance from 1961 to 2016. The empirical evidence shows evidence of weak sustainability especially as reported in the DOLS regression result. Similarly, the result for the effect of fiscal sustainability and economic performance also reports weak response of economic performance to fiscal sustainability. On the overall, the evidence from this study does not significantly deviate from extant studies in this strand of the literature. The main policy implication of this research is that the Nigerian government should ensure a more robust and systemic link between tax and expenditures policies and the evolution of public debt. In passing, a focus on determining a short-term government constrain framework and fiscal sustainability indicators for signaling short and medium term fiscal imbalances and to correct them will be a worthwhile direction for future research.en_US
dc.identifier.citationSaibu Olufemi Muibi (2018) Public Spending, Fiscal Sustainability and Macroeconomic Performance in Nigeria NDIC Quarterly Vol. 33 No 3&4 (2018, 33-48en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/10507
dc.language.isoenen_US
dc.publisherNDIC Quarterlyen_US
dc.subjectPublic Debten_US
dc.subjectFiscal deficiten_US
dc.subjectFiscal Sustainabilityen_US
dc.subjectEconomic Performanceen_US
dc.subjectIntertemporal budget constrainten_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economics::Economicsen_US
dc.titlePublic Spending, Fiscal Sustainability and Macroeconomic Performance in Nigeriaen_US
dc.typeBooken_US
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