The Impact of Government Expenditure on Economic Growth: The Nigerian Evidence, (1981-2012).

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dc.contributor.authorNwaogwugwu, I.C
dc.date.accessioned2019-03-29T12:45:35Z
dc.date.available2019-03-29T12:45:35Z
dc.date.issued2015
dc.descriptionStaff Publicationsen_US
dc.description.abstractThis article investigates the impact of government expenditure on economic growth in Nigeria over a period of 1981-2012. Using descriptive statistics, Trends and Econometrics method (VAR and VECM), it found that capital expenditure showed a negative relationship to economic growth in the short term, while recurrent expenditure showed a positive relationship on economic growth both in the short and long term. It also found that the rate of adjustment to equilibrium in case of disequilibrium is small. That is, less than 15per cent. The policy suggestion from the study is that government should put up stricter measures to make sure that funds approved for capita! projects are thus used in carrying out the project while productiveness of recurrent spending should be stepped up.en_US
dc.identifier.citationNwaogwugwu, I.C (2015). The Impact of Government Expenditure on Economic Growth: The Nigerian Evidence, (1981-2012). Caleb Journal of Social and Management Sciences, Vol.1(1), pp.1-25.en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/4008
dc.language.isoenen_US
dc.subjectEconomicsen_US
dc.titleThe Impact of Government Expenditure on Economic Growth: The Nigerian Evidence, (1981-2012).en_US
dc.typeArticleen_US
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