Government Spending and Economic Growth in Nigeria (1980-2011)

Government Spending and Economic Growth in Nigeria (1980-2011)

Okoro A. S.

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Ebonyi State University

Government Spending and Economic Growth in Nigeria (1980-2011)

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Abstract

Using time series data of 32years period , this study investigated the impact of government spending on the Nigerian economic growth. Employing the ordinary least square multiple regression analysis to estimate the model specified. Real Gross Domestic Product (RGDP) was adopted as the dependent variable while government capital expenditure (GCEXP) and government recurrent expenditure (GREXP) represents the independent variables. With the application of Granger Causality test, Johansen Cointegration Test and Error Correction Mechanism, the result shows that there exists a long-run equilibrium relationship between government spending and economic growth in Nigeria. The short-run dynamics adjusts to the long-run equilibrium at the rate of 60% per annum.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Okoro A. S.. 2013. \u201cGovernment Spending and Economic Growth in Nigeria (1980-2011)\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 13 (GJMBR Volume 13 Issue B5).

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GJMBR Volume 13 Issue B5

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

capital expenditure Economic Growth government spending Nigeria recurrent expenditure

Submission ReceivedDecember 6, 2012
Peer Review Double Blind
Handling Editor
Accepted January 5, 2013
Published January 15, 2013

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v1.2

Issue date

July 31, 2013

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Article Matrices

Total Score: 101

Country: Nigeria

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Okoro A. S. (PhD/Dr. count: 0)

View Count (all-time): 171

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Publish Date: 2013 07, Wed

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Total Views: 4953

Total Downloads: 2561

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