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
DOMESTIC VIOLENCE AND IT EFFECT ON NATIONAL SECURITY
Abstract
Domestic violence and it effect on national security which is any act of gender-based violence that results in...
THE IMPACT OF OVERHEAD COSTS ON BUSINESS PROFITABILITY
ABSTRACT
THE IMPACT OF OVERHEAD COSTS ON BUSINESS PROFITABILITY
This research aims to examine the impact of overhead costs on b...
AN INVESTIGATION INTO THE APPLICABILITY OF NATURAL LAW PRINCIPLES TO THE LAW OF NEGLIGENCE IN NIGERIA
Background of study
Since the beginning of the Greek civilization, the concept of natural law has play...
PROBLEM AND PROSPECT OF E-NAIRA IN NIGERIA.
Changing technology, economic advancement, and the desire to effectively fulfill the functions of money have all spurred monetary changes throughou...
KNOWLEDGE, ATTITUDE AND PRACTICES OF WOMEN TOWARDS FAMILY PLANNING SERVICES
ABSTRACT:- This study was carried out to assess the knowledge, attitude and practices of women towards famil...
IMPORTANCE OF INDIGENOUS LANGUAGE IN BROADCASTING MEDIA
BACKGROUND OF THE STUDY
The broadcast media have been considered an important public domain in the use,...
THE PREVALENCE OF MALARIA AMONG CHILDREN
Statement Of The Problem
Malaria has become very common and is increasing in an uncontrolled way throug...
INNOVATIONS IN APPRENTICESHIP MODELS ACROSS DIFFERENT INDUSTRIES
Abstract: This study examines innovative apprenticeship models implemented across various i...
THE ROLE OF THE NATIONAL HOME GROWN SCHOOL FEEDING PROGRAMME (NHGSFP) IN CURBING SCHOOL DROP-OUT OF PUPILS IN KATSINA STATE.
ABSTRACT
The study examined the role of the national home grown school feeding programme (nhgsfp) in curbing school drop...
MAINTENANCE AND SERVICING PROBLEMS OF SPECIALIST WORKS IN BUILDING
Abstract
The study considered the maintenance and servicing problems of specialist works in buildings. It shall identify...
