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 FINANCIAL ACCOUNTING ON CORPORATE PERFORMANCE OF BUSINESS ORGANIZATIONS IN NIGERIA
ABSTRACT
The research work “The impact of Financial Accounting Reporting on the corporate performance of Business Organizations&rdq...
THE RELATIONSHIP BETWEEN EFFECTIVE CLAIMS MANAGEMENT AND THE GROWTH OF NIGERIAN INSURANCE INDUSTRY
EXCERPT FROM THE STUDY
The existence of insurance markets facilitates economic ...
THE EFFECT OF SOCIOECONOMIC BACKGROUND ON ACADEMIC PERFORMANCE OF BIOLOGY STUDENT: A CASE STUDY OF ENUGU NORTH LOCAL GOVERNMENT AREA
Statement Of The Problem
Observations and reports from examination bodies like WAEC, NECO and Jamb reve...
DEVELOPMENT OF A SMELL AGENT OPTIMIZATION ALGORITHM FOR COMBINATORIAL OPTIMIZATION PROBLEMS
Excerpt from the Study
Combinatorial optimization involves the mathematical study of arraignment, ordering, selection or...
PERCEPTION OF UNDERGRADUATE STUDENTS IN NIGERIAN UNIVERSITIES ABOUT WHATSAPP SOCIAL MEDIA AS A TEACHING AND LEARNING TOOL
Background Of The Study
Internet technologies have impacted how individuals generate and distribu...
PLAYING EARTH: ECO-PEDAGOGY IN NIGERIAN DRAMA
ABSTRACT
The crisis of the earth is beginning to take centre stage in world affairs. The concern globally hinges on the need to rescue th...
USE OF SCHOOL LIBRARY AND ACADEMIC PERFORMANCE OF SENIOR SECONDARY SCHOOL IN ANDONI LGA OF RIVERS STATE
ABSTRACT
This study was carried out to examine the use of school library and academic performance of senior secondary sc...
ROLE OF VISION AFRICA RADIO UMUAHIA, ON POLITICAL MOBILIZATION OF RURAL DWELLERS IN UMUAHIA NORTH LOCAL GOVERNMENT AREA
Abstract
The study is geared toward finding out the role of vision Africa radio umuahia on political mobilization of rural dweller in umu...
OFFICE TECHNOLOGY SKILLS PREFERRED BY EMPLOYERS IN SOME SELECTED BUSINESS ORGANIZATION
ABSTRACT
This research work was carried out on the office technological skills preferred by emp...
ASSESSMENT OF THE IMPLEMENTATION OF EARLY CHILDHOOD CARE DEVELOPMENT EDUCATION IN NIGERIA
ABSTRACT
This study assessed the implementation of Early Childhood Care Development Education in Nigeria (a study of Plateau State). The...
