Scopus
🔓 Açık Erişim
An empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economy
Journal of Economic Structures · Aralık 2020
Makale Bilgileri
Dergi
Journal of Economic Structures
Yayın TarihiAralık 2020
Cilt / Sayfa9
Scopus ID2-s2.0-85078851829
Erişim🔓 Açık Erişim
Özet
The impacts of public expenditures on economic growth have been revisited in this paper with respect to capital expenditure, recurrent expenditure and the government fiscal expansion in line with support for the budgetary allocations to various sectors in the context of the Nigerian economy. Pesaran’s ARDL approach has been applied to carry out the impact analysis using annual time-series data from 1981 to 2017. Empirical findings support the existence of a level relationship between public spending indicators and economic growth in Nigeria. Incisively, recurrent expenditures of government were found to be significantly impacting on economic growth in a negative way while the positive impacts of public capital expenditures were not significant to economic growth over the period of the study. Further results from the Granger Causality Test reveal that fiscal expansion of the government that is hinged on debt financing is strongly granger causing public expenditures and domestic investment with the latter also Granger causing real growth in the economy. We, therefore, provide some important policy recommendations following the results of the empirical analysis.
Yazarlar (5)
1
Stephen Taiwo Onifade
ORCID: 0000-0003-1497-7835
2
Çevik Savaş
3
Savaş Erdoğan
4
Simplice Asongu
5
Festus Victor Bekun
ORCID: 0000-0003-4948-6905
Anahtar Kelimeler
ARDL models
Debt to GDP ratio
Economic growth
Fiscal policies
Nigeria
Kurumlar
African Governance and Development Institute (AGDI)
Yaounde Cameroon
Covenant University
Ota Nigeria
İstanbul Gelişim Üniversitesi
Istanbul Turkey
Selçuk Üniversitesi
Selçuklu Turkey
South Ural State University
Chelyabinsk Russian Federation
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Metrikler
132
Atıf
5
Yazar
5
Anahtar Kelime