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
ANALYSIS OF REPORTED CASES OF CRIME
ABSTRACT
Causes of crime have become a major public concern worldwide. Unlike developed or high countri...
APPLICATION OF INFORMATION TECHNOLOGY (IT) AT PRE-CONTRACT STAGE OF BUILDING PROJECTS
ABSTRACT
This study assessed the methods that the design team members use to manage the information tha...
EFFECT OF TRUANCY ON THE ACADEMIC PERFORMANCE SECONDARY SCHOOL
ABSTRACT
This research work investigated the effect of Truancy on the performance secondary school; a case study of seco...
A COMPARATIVE ANALYSIS OF RENTAL VARIATION IN RESIDENTIAL AND COMMERCIAL PROPERTIES IN NIGERIA
BACKGROUND OF THE STUDY
Shelter is a basic necessity in life. An individual can satisfy this need by either occupying his own (owner&rsqu...
POLITICAL PARTY DEVELOPMENT IN NIGERIA: AN OPINION SURVEY OF THE THREE SENATORIAL DISTRICTS OF EDO STATE, NIGERIA (1999 – 2012)
ABSTRACT
This study examines, investigates, and surveys opinion of Nigerians on some of the factors that influence party...
DESIGN AND IMPLEMENTATION OF ONLINE CINEMA BOOKING SYSTEM (A CASE STUDY OF SILVERBIRD CINEMA, UYO)
Background of the Study
Online cinema booking system is basically made for providing the movie ticket anywhere and anyti...
THE EFFECT OF PARENTS MOTIVATION ON THE ACADEMIC PERFORMANCE OF SECONDARY SCHOOL STUDENTS
ABSTRACT
Education is a key factor to the development of any nation in the world. It has been the intension of the government that all...
LANGUAGE AND NATIONAL DEVELOPMENT: CHALLENGES AND IMPEDIMENTS IN A MULTILINGUAL SOCIETY
BACKGROUND TO THE STUDY
Human Beings are social animals and language is an instrument of the society which is acculturat...
PROBLEM AND PROSPECTS OF PIG FARMING IN OVIA NORTH EAST LOCAL GOVERNMENT AREA IN EDO STATE
ABSTRACT
The purpose of this study was to investigate problem and prospect of pig farming in Ovia North East Local G...
AMELIORATIVE EFFECT OF RESVERATROL ON LEAD-INDUCED ORGAN TOXICITY IN WISTAR RATS
ABSTRACT
Resveratrol is a potent antioxidant found abundantly in grapes and in lesser quantities in peanuts, fruits and...
