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 5000
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 Effectiveness of Indigenous Films in Promoting Civic Responsibility in Zuru Local Government Area, Kebbi State
Chapter One: Introduction
THE KINETIC STUDY ON HYDROLYSIS OF CELLULOSE (SAW-DUST)
ABSTRACT
This research project studied on the kinetics of hydrolysis of cellulose to glucose. The steps employed to achieve this project...
DETERMINANTS OF SOFTWARE ADOPTION AND USE FOR AUTOMATION IN ACADEMIC LIBRARY IN ANAMBRA AND EBONYI STATE
BACKGROUND OF THE STUDY
There are large amount of information being generated on daily basis and it is...
Efficiency of Manual Versus Electronic Tax Collection Methods in Nguru LGA
Background of the Study
The method by which taxes are collected has a significant impact on both the ef...
ENHANCING VOCATIONAL EDUCATION THROUGH THE USE OF SIMULATION-BASED TRAINING
ABSTRACT: Enhancing vocational education through the use of simulation-based training is essential for providing students with immersive and p...
THE IMPACT OF INVESTIGATIVE ACCOUNTING PROCEDURES FOR FORENSIC AUDITS
Abstract: THE IMPACT OF INVESTIGATIVE ACCOUNTING PROCEDURES FOR FORENSIC AUDITS
This research explores the impact of inv...
The Effectiveness of Advertising in Preventing Teenage Pregnancy in Ganye LGA, Adamawa State
Background of the Study
Teenage pregnancy is a significant social issue affecting many parts of Nigeria, including Ganye LG...
The Role of Media in Combating Illiteracy in Gombe South LGA, Gombe State
Chapter One: Introduction
An evaluation of customer trust in corporate banking services: A case study of Zenith Bank, Kano
Background of the Study
Customer trust is a vital asset in corporate banking, influencing customer retention, profitability...
FACTORS THAT REDUCE SAVINGS IN NIGERIA (1980-2010)
ABSTRACT
This study investigates the core leading factors that reduce savings in Nigeria between 1980 -2010 using ordinary Least Square (...
