impact of government expenditure on economic growth in nigeria
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The objective of this study is to analyze the impact of government expenditure on economic growth in Nigeria. Because of the complex link between governments spending and economic growth, both descriptive and econometric analyses are used in the study. The descriptive analysis of the study explores the relationship between government spending and economic growth in Nigeria over the period of the study. The study also observes that from early 1970s, oil revenue became the major source of revenue earnings for the government, and government expenditure fluctuates in response to fluctuations in crude oil earnings.
Government expenditure and economic growth also fluctuate in line with the earnings from crude oil. The study uses econometric analysis to examine the impact of the various components of government expenditure (consumption expenditure, government investment, government investment on human capital) including other control variables like capital stock, labour force, and private investment from 1970 – 2010 using vector error correction (VEC) model of regression analysis. The results show that consumption expenditure depresses economic growth while government investment and private investment t stimulate economic growth. While the remaining three variables (government investment in human capital, capital stock and labour force exert insignificant impact on economic growth. The results show that the coefficients of GIt-1 and GIt-2 are 4.317 and 6.125, respectively and that of private investment (PIt-1 and Pit-2) are 5.224 and 4.219. The goodness of fit, indicated by adjusted R-Square is over 91 percent, while F-statistic is 22.86. The study recommends that government investment spending should be judged based on social cost and benefit; that public investment should be made to enhance private investment activities; and that competent and qualified personnel should be attracted into the public service for effective and efficient execution of government development programmes.
Related Project Materials
AN EVALUATION OF THE CAREER EXPERIENCES OF PROFESSIONAL WOMEN IN THE NIGERIAN CONSTRUCTION INDUSTRY
BACKGROUND TO THE STUD...
FACTORS AFFECTING THE CHOICE OF TEACHING AS A CAREER AMONG STUDENT
ABSTRACT
The purpose of this research was to examine and investigate some of the factors influencing the choice of teach...
PROBLEMS AND PROSPECTS OF GOVERNMENT OWNED BROADCASTING MEDIA IN NIGERIA
STATEMENT OF THE PROBLEM
Managing and formulating policies have been a serious problem of government ow...
ASSESSMENT OF TEACHING AND LEARNING ENGLISH GRAMMATICAL STRUCTURES IN PRIMARY SCHOOLS
BACKGROUND OF THE STUDY
The teaching and study of the English language is extremely vital in today's culture. This i...
THE MANAGEMENT OF INSURANCE COMPANIES TOWARDS THE DEVELOPMENT OF BUSINESS ENTERPRISES
ABSTRACT
This project work titled ‘’the management of insurance company towards the development of business enterprises&rsquo...
DEVELOPMENT OF A MODIFIED ARTIFICIAL FISH SWARM ALGORITHM PARTIAL TRANSMIT SEQUENCE TECHNIQUE FOR PEAK TO AVERAGE POWER RATIO REDUCTION IN ORTHOGONAL FREQUENCY DIVISION MULTIPLEXING
ABSTRACT
Orthogonal Frequency Division Multiplexing (OFDM) is a multi-carrier frequency multiplexing scheme used in broadband wireless co...
PRODUCTION OF BIOGAS AND BIOSOLIDS FROM TEA WASTE ANAEROBIC DIGESTION
Background of the Study
Agriculture and food bio wastes present an opportunity for conversion into biog...
EFFECTS OF MASS MEDIA ON YORUBA CULTURE AND TRADITION
ABSTRACT
This study probes the effects which mass media has on the cultural values and tradition of the...
DESIGN AND IMPLEMENTATION OF COMPUTER RELATED RESULT MANAGEMENT INFORMATION SYSTEM
Abstract
This study examines an analysis on computer related result management information system....
ASSESSMENT OF INDOOR AIR QUALITY PRINCIPLES IN THE PROPOSED DESIGN OF A NURSING HOME IN ABUJA, FCT, NIGERIA
ABSTRACT
Researches done in healthcare indicate that patient outcome is linked with the hospital‟s physical environment. This environment...
