THE IMPACT OF INFLATION ON GOVERNMENT SPENDING IN NIGERIA ECONOMY
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
Abstract
The impact of Nigeria’s inflation on government spending between 1999 and 2019 was x-rayed in this paper. The data for the study were sourced from CBN statistical bulletin and Autoregressive Distributed Lag model was used as the main analytical tool.
A long-run relationship among this study’s variables was realized, using the ARDL Bounds test. The result also revealed a positive but insignificant relationship between government expenditure and inflation rate in the short- run. Moreover, in the long-run, government expenditure has negative and is statistically significant inflation rate. Money supply has a negative and is statistically insignificant with inflation rate in the short-run. In the long-run, money supply has a positive and significant relationship with inflation rate. Gross domestic product was negatively related to inflation rate in both short-run and long-run. Moreover, exchange rate affected inflation rate negatively and significantly in the short-run and positively and significantly in the long-run. The increasing demands of the population affected inflation rate positively and significantly in both short-run and long-run. Investment was positively related to inflation rate but not significant in the short-run but the relationship was negative and significant in the long-run. The study therefore recommended among others that government should exercise discretion in spending in order to check inflation rate. This can be done by channeling spending on productive activities that will cushion the effect of inflation rate rather than exacerbate it.
Related Project Materials
Evaluating the Effectiveness of Mobile Advertising in Promoting Events in Gombe Local Government Area, Gombe State
Chapter One: Introduction
1.1 Background of the Study
Mobile advertising has emerged as a critical tool for promoting events in...
An Examination of the Effectiveness of Cardiac Rehabilitation Programs Led by Nurses in Federal Medical Centre, Yola
Background of the Study
Cardiac rehabilitation programs are essential for the recovery and long-term health of patients with cardiovascular...
A CONTENT ANALYSIS OF THE PUNCH AND SUN NEWSPAPERS REPORTAGE OF CRIME IN NIGERIA
ABSTRACT
The study newspaper Coverage of Crime reportage is an Analysis that is meant to examine the seriousness accorde...
A Comparative Study of HRM Practices in Public and Private Sector Organizations: A Case of NNPC and United Bank for Africa, Kaduna State
Background of the Study
HRM practices vary significantly between public and private sector organizations due to differences in organizati...
An Examination of Petroleum Profit Tax and Its Effect on Nigeria's GDP: A Case Study of Seplat Energy Plc
Background of the Study
Petroleum Profit Tax (PPT) is one of the most significant sour...
THE CONTRIBUTION OF BANK OF INDUSTRY (BOI) TO INDUSTRIAL DEVELOPMENT IN NIGERIA
ABSTRACT
Industrial Development has been a major cornerstone of economic development of an...
THE EFFECT OF FORMAL EDUCATION ON NIGERIAN WOMEN’S ATTITUDE TOWARDS FAMILY PLANNING
ABSTRACT
The study attempted to investigate the effect of formal education on Nigerian women’s attitude towards fa...
Implementation of a Blockchain-Based Certificate Verification System: A Case Study of Gombe State University (Gombe LGA, Gombe State)
Background of the Study
In the era of digital education, the authenticity of academic certificates has become a major conce...
An Evaluation of Local Government Financial Autonomy and Governance Efficiency: The Case of Zaria Local Government, Kaduna State
Chapter One: Introduction
1.1 Background of the Study
Local government financial autonomy is a c...
MODELLING MECHANICAL PROPERTIES OF SELECTED NATURAL FIBER REINFORCED COMPOSITES FOR AUTOMOBILE APPLICATION
Statement of the Problem
Althoughtremendous research results have been published regarding natural fiber mercerization treatment, which i...
