Fiscal Decentralisation and Economic Development in Nigeria: Empirical Evidence from VECM Model

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dc.contributor.authorAdefeso, A.H.
dc.contributor.authorSaibu, O.M.
dc.date.accessioned2022-01-20T13:12:01Z
dc.date.available2022-01-20T13:12:01Z
dc.date.issued2014
dc.descriptionScholarly articlesen_US
dc.description.abstractThis study examines long run and causal relationship between fiscal decentralization and economic development in Nigeria using annual data from 1970-2011. Both sub-national expenditures ratio and sub national revenue ratio were used to measure fiscal decentralisation in Nigeria. The result of the analysis showed that the federally allocated expenditures to sub-national has been greater than its corresponding allocated revenue in Nigeria and this has became pronounced from the year 1999 up till date under the administration of a dominant political party known as People Democratic Party(PDP) in Nigeria. Using VECM, the study found that fiscal decentralisation is cointegrated with economic development in Nigeria. That is, there is a long run relationship between fiscal decentralisation and economic development. The results from the VEC granger causality test showed a unidirectional causality run from economic development to fiscal decentralization i.e. economic development granger causes fiscal decentralization (only sub-national revenue decentralization ratio) in Nigeria. By implication, economic benefits derived from fiscal decentralization are the products of economic development simply because as economy is developing, these benefits emerge in Nigeria.en_US
dc.identifier.citationAdefeso H.A and Saibu M.O (2014) Fiscal Decentralization and Economic Development in Nigeria: Empirical Evidence from VECM Model ACTA UNIVERSITATIS DANUBIUS Vol 10(2) Pp 160-167en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/10630
dc.language.isoenen_US
dc.publisherACTA UNIVERSITATIS DANUBIUSen_US
dc.subjectFiscal decentralizationen_US
dc.subjectEconomic developmenten_US
dc.subjectCointegrationen_US
dc.subjectEconomic developmenten_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economics::Economicsen_US
dc.titleFiscal Decentralisation and Economic Development in Nigeria: Empirical Evidence from VECM Modelen_US
dc.typeBooken_US
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