Public Expenditure and Economic Growth in Nigeria: Evidence from Auto-Regressive Distributed Lag Specifi cation
This paper analyses the impact of public expenditure on economic growth in Nigeria during the period 1970 to 2010 making use of annual time series data. The study employs the bounds testing (ARDL) approach to examine the long run and short run relationships between public expenditure and economic gr...
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| Veröffentlicht in: | Zagreb International Review of Economics & Business 2013-05, Vol.16 (1), p.79 |
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| creator | Egbetunde, Tajudeen O. Fasanya, Ismail |
| description | This paper analyses the impact of public expenditure on economic growth in Nigeria during
the period 1970 to 2010 making use of annual time series data. The study employs
the bounds testing (ARDL) approach to examine the long run and short run relationships
between public expenditure and economic growth in Nigeria. The bounds test suggested
that the variables of interest put in the framework are bound together in the long-run. The
associated equilibrium correction was also signifi cant confi rming the existence of long-run
relationships. Our fi ndings indicate the impact of total public spending on growth to be
negative which is consistent with other past studies. Recurrent expenditure however was
found to have little signifi cant positive impact on growth. Therefore, government should
increase its spending on infrastructure, social and economic activities. |
| format | Article |
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the period 1970 to 2010 making use of annual time series data. The study employs
the bounds testing (ARDL) approach to examine the long run and short run relationships
between public expenditure and economic growth in Nigeria. The bounds test suggested
that the variables of interest put in the framework are bound together in the long-run. The
associated equilibrium correction was also signifi cant confi rming the existence of long-run
relationships. Our fi ndings indicate the impact of total public spending on growth to be
negative which is consistent with other past studies. Recurrent expenditure however was
found to have little signifi cant positive impact on growth. Therefore, government should
increase its spending on infrastructure, social and economic activities.</description><identifier>ISSN: 1331-5609</identifier><identifier>EISSN: 1849-1162</identifier><language>eng</language><publisher>Sveučilište u Zagrebu, Ekonomski fakultet Zagreb</publisher><subject>ARDL Cointegration ; Economic Growth ; Nigeria ; Public Spending</subject><ispartof>Zagreb International Review of Economics & Business, 2013-05, Vol.16 (1), p.79</ispartof><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>230,777,781,882</link.rule.ids></links><search><creatorcontrib>Egbetunde, Tajudeen</creatorcontrib><creatorcontrib>O. Fasanya, Ismail</creatorcontrib><title>Public Expenditure and Economic Growth in Nigeria: Evidence from Auto-Regressive Distributed Lag Specifi cation</title><title>Zagreb International Review of Economics & Business</title><description>This paper analyses the impact of public expenditure on economic growth in Nigeria during
the period 1970 to 2010 making use of annual time series data. The study employs
the bounds testing (ARDL) approach to examine the long run and short run relationships
between public expenditure and economic growth in Nigeria. The bounds test suggested
that the variables of interest put in the framework are bound together in the long-run. The
associated equilibrium correction was also signifi cant confi rming the existence of long-run
relationships. Our fi ndings indicate the impact of total public spending on growth to be
negative which is consistent with other past studies. Recurrent expenditure however was
found to have little signifi cant positive impact on growth. Therefore, government should
increase its spending on infrastructure, social and economic activities.</description><subject>ARDL Cointegration</subject><subject>Economic Growth</subject><subject>Nigeria</subject><subject>Public Spending</subject><issn>1331-5609</issn><issn>1849-1162</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><recordid>eNqVikFuwjAQRS0EEgi4w1zAUpykiLCraNouKoTa7iPHmSRTEjsaO7S9PZHaC_A3_-n9PxMrtU8zqdQunk-cJEo-7KJsKbbef0VT0ixJ03gl3HksOzKQ_wxoKwojI2hbQW6cdf00vLD7Di2QhRM1yKQPkF-pQmsQanY9PI7ByXdsGL2nK8IT-cBUjgEreNMNfAxoqCYwOpCzG7Godedx-99rIZ_zz-OrbNnoSzEw9Zp_C6ep-DOeDU5YqCiOYpXc-78BsqpU-g</recordid><startdate>20130501</startdate><enddate>20130501</enddate><creator>Egbetunde, Tajudeen</creator><creator>O. Fasanya, Ismail</creator><general>Sveučilište u Zagrebu, Ekonomski fakultet Zagreb</general><scope>VP8</scope></search><sort><creationdate>20130501</creationdate><title>Public Expenditure and Economic Growth in Nigeria: Evidence from Auto-Regressive Distributed Lag Specifi cation</title><author>Egbetunde, Tajudeen ; O. Fasanya, Ismail</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-hrcak_primary_oai_hrcak_srce_hr_1020213</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><topic>ARDL Cointegration</topic><topic>Economic Growth</topic><topic>Nigeria</topic><topic>Public Spending</topic><toplevel>online_resources</toplevel><creatorcontrib>Egbetunde, Tajudeen</creatorcontrib><creatorcontrib>O. Fasanya, Ismail</creatorcontrib><collection>Hrcak: Portal of scientific journals of Croatia</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Egbetunde, Tajudeen</au><au>O. Fasanya, Ismail</au><format>book</format><genre>document</genre><ristype>GEN</ristype><atitle>Public Expenditure and Economic Growth in Nigeria: Evidence from Auto-Regressive Distributed Lag Specifi cation</atitle><jtitle>Zagreb International Review of Economics & Business</jtitle><date>2013-05-01</date><risdate>2013</risdate><volume>16</volume><issue>1</issue><spage>79</spage><pages>79-</pages><issn>1331-5609</issn><eissn>1849-1162</eissn><abstract>This paper analyses the impact of public expenditure on economic growth in Nigeria during
the period 1970 to 2010 making use of annual time series data. The study employs
the bounds testing (ARDL) approach to examine the long run and short run relationships
between public expenditure and economic growth in Nigeria. The bounds test suggested
that the variables of interest put in the framework are bound together in the long-run. The
associated equilibrium correction was also signifi cant confi rming the existence of long-run
relationships. Our fi ndings indicate the impact of total public spending on growth to be
negative which is consistent with other past studies. Recurrent expenditure however was
found to have little signifi cant positive impact on growth. Therefore, government should
increase its spending on infrastructure, social and economic activities.</abstract><pub>Sveučilište u Zagrebu, Ekonomski fakultet Zagreb</pub><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1331-5609 |
| ispartof | Zagreb International Review of Economics & Business, 2013-05, Vol.16 (1), p.79 |
| issn | 1331-5609 1849-1162 |
| language | eng |
| recordid | cdi_hrcak_primary_oai_hrcak_srce_hr_102021 |
| source | Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Business Source Complete |
| subjects | ARDL Cointegration Economic Growth Nigeria Public Spending |
| title | Public Expenditure and Economic Growth in Nigeria: Evidence from Auto-Regressive Distributed Lag Specifi cation |
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