THE IMPACT OF FISCAL POLICY ON ECONOMIC PERFORMANCE IN NIGERIA (1981-2016)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study examines the impact of fiscal policy on economic performance in Nigeria between 1981 and 2016. Fiscal policy is represented by government total expenditure, government total revenue and direct tax. A model was developed in which economic growth (proxy as economic performance) is expressed as a function of government total expenditure, government total revenue, direct tax, capital (represented as gross capital formation) and labour (represented as employment rate). The study covered a 36-year period ranging from 1981 to 2016. The econometric techniques of Augmented Dickey Fuller test, Cointegration test and Error Correction model estimation.
Three theories were reviewed namely the classical, neo-classical and the endogenous growth model.
The study concludes that fiscal policy was partially effective on economic growth (surrogate of economic performance) in Nigeria between 1981 and 2016.
The study suggest that; Government should enhance investment in productive expenditure including expenditure on education, health, manufacturing, mining and agriculture and also ensure that funds meant for development of these sectors are properly utilized; Government should strive to reduce expenditure on recreational, cultural and religious affairs and other functions like political administrative expenses in order to stabilize the economy; Appropriate mix of fiscal and monetary policies that would effectively stabilize the economy should be pursued; Government should consider restructuring its expenditure pattern by allocating more funds towards productive expenditure such as capital projects; Government should consider harnessing its revenue potentials by expanding its revenue base via effective and efficient taxation system and diversification of Nigeria’s revenue base by tapping into solid minerals and agricultural potentials.
Related Project Materials
THE IMPACT OF DIGITAL TRANSFORMATION ON VOCATIONAL TRAINING METHODOLOGIES
ABSTRACT: This study explores the impact of digital transformation on vocational training methodologies, focusing on how technological advance...
THE EFFECT OF METHANOL RHIZOME EXTRACT OF Nymphaea lotus LINN. (NYMPHAEACEAE) IN ANIMAL MODELS OF DIARRHOEA
Abstract
Nymphaea lotus is one of the foremost aquatic macrophytes that have been identified in Nigerian fresh water bodies. It finds app...
EFFECT OF CLASS SIZE ON STUDENTS’ ACADEMIC PERFORMANCE IN SOCIAL STUDIES
Background to the Study
According to Adeyemi and Adu (2010), it is widely accepted that education is on...
KNOWLEDGE AND USE OF GLASGOW COMA SCALE FOR NEUROLOGICAL ASSESSMENT OF PATIENTS AMONG NURSES IN SPECIALIST HOSPITAL YOLA
ABSTRACT
This study was carried out on knowledge and use of Glasgow coma scale for neurological assessm...
GSM BASED REMOTE SWITCHING SYSTEM
Background of study
Has technology transformed humankind into omniscient being? Years back, communication was done through difficult mean...
THE ROLE OF TRADITIONAL INSTITUTIONS IN CONFLICT RESOLUTION IN NIGERIA A STUDY OF ANAMBRA STATE
Background of Study
The concept of traditional institution‖ has been the major phenomena in the recent...
COMPARISON OF THE EFFECTS OF INTENSITY LEVELS OF CONTINUOUS TRAINING ON PHYSIOLOGICAL AND BODY COMPOSITION VARIABLES OF ADOLESCENTS IN KADUNA METROPOLIS, NIGERIA
ABSTRACT
The study compared the effect of different intensity levels of continuous training on physiological and body composition variabl...
BROADCASTING MEDIA CHANNEL; DISSEMINATION OF INTERNATIONAL NEWS A CASE STUDY OF EBS BULLETINS, EDO STATE
BACKGROUND STUDY
Communication as we know has now evolved over many centuries. The sophistication and c...
DESIGN AND CONSTRUCTION OF 12V BATTERY CHARGER
ABSTRACT
This project presents the design and construction of a battery charger. A bat...
ECONOMIC ANALYSIS OF PIG PRODUCTION
Background of the Stud...
