Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis)

Paul Ndubuisi

doi:doi:10.11648/j.jbed.20170204.13

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Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis)

Paul Ndubuisi

Published in Journal of Business and Economic Development (Volume 2, Issue 4)

Received: 9 May 2017 Accepted: 20 May 2017 Published: 20 July 2017

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Abstract

This study investigates empirically the fiscal policy impact on the economic growth index in Nigeria for the period 1985-2015. Data for the study were collected from secondary sources. The expost facto research design was adopted for the study. The data were analysed using OLS multiple regression, unit root test, co-integration and Error Correction mechanism (ECM). The results revealed that the variables were all stationary at level and co-integrated of the same order in the long-run. The result also showed that fiscal policy significantly influenced the rate of growth in Nigeria economy. It was therefore recommended that government should ensure transparency in budget implementation and fiscal discipline to put Nigeria on the path of sustainable growth.

Published in	Journal of Business and Economic Development (Volume 2, Issue 4)
DOI	10.11648/j.jbed.20170204.13
Page(s)	215-226
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Fiscal Policy, Economic Growth, Capital Expenditure, Recurrent Expenditure, Domestic Debt

References

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APA Style

Paul Ndubuisi. (2017). Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis). Journal of Business and Economic Development, 2(4), 215-226. https://doi.org/10.11648/j.jbed.20170204.13

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ACS Style

Paul Ndubuisi. Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis). J. Bus. Econ. Dev. 2017, 2(4), 215-226. doi: 10.11648/j.jbed.20170204.13

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AMA Style

Paul Ndubuisi. Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis). J Bus Econ Dev. 2017;2(4):215-226. doi: 10.11648/j.jbed.20170204.13

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@article{10.11648/j.jbed.20170204.13,
  author = {Paul Ndubuisi},
  title = {Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis)},
  journal = {Journal of Business and Economic Development},
  volume = {2},
  number = {4},
  pages = {215-226},
  doi = {10.11648/j.jbed.20170204.13},
  url = {https://doi.org/10.11648/j.jbed.20170204.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20170204.13},
  abstract = {This study investigates empirically the fiscal policy impact on the economic growth index in Nigeria for the period 1985-2015. Data for the study were collected from secondary sources. The expost facto research design was adopted for the study. The data were analysed using OLS multiple regression, unit root test, co-integration and Error Correction mechanism (ECM). The results revealed that the variables were all stationary at level and co-integrated of the same order in the long-run. The result also showed that fiscal policy significantly influenced the rate of growth in Nigeria economy. It was therefore recommended that government should ensure transparency in budget implementation and fiscal discipline to put Nigeria on the path of sustainable growth.},
 year = {2017}
}

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TY  - JOUR
T1  - Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis)
AU  - Paul Ndubuisi
Y1  - 2017/07/20
PY  - 2017
N1  - https://doi.org/10.11648/j.jbed.20170204.13
DO  - 10.11648/j.jbed.20170204.13
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 215
EP  - 226
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20170204.13
AB  - This study investigates empirically the fiscal policy impact on the economic growth index in Nigeria for the period 1985-2015. Data for the study were collected from secondary sources. The expost facto research design was adopted for the study. The data were analysed using OLS multiple regression, unit root test, co-integration and Error Correction mechanism (ECM). The results revealed that the variables were all stationary at level and co-integrated of the same order in the long-run. The result also showed that fiscal policy significantly influenced the rate of growth in Nigeria economy. It was therefore recommended that government should ensure transparency in budget implementation and fiscal discipline to put Nigeria on the path of sustainable growth.
VL  - 2
IS  - 4
ER  -

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Author Information

Paul Ndubuisi

Department of Banking and Finance, Abia State University, Okigwe, Uturu

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Plain Text BibTeX RIS

APA Style

Paul Ndubuisi. (2017). Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis). Journal of Business and Economic Development, 2(4), 215-226. https://doi.org/10.11648/j.jbed.20170204.13

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ACS Style

Paul Ndubuisi. Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis). J. Bus. Econ. Dev. 2017, 2(4), 215-226. doi: 10.11648/j.jbed.20170204.13

Copy | Download

AMA Style

Paul Ndubuisi. Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis). J Bus Econ Dev. 2017;2(4):215-226. doi: 10.11648/j.jbed.20170204.13

Copy | Download

@article{10.11648/j.jbed.20170204.13,
  author = {Paul Ndubuisi},
  title = {Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis)},
  journal = {Journal of Business and Economic Development},
  volume = {2},
  number = {4},
  pages = {215-226},
  doi = {10.11648/j.jbed.20170204.13},
  url = {https://doi.org/10.11648/j.jbed.20170204.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20170204.13},
  abstract = {This study investigates empirically the fiscal policy impact on the economic growth index in Nigeria for the period 1985-2015. Data for the study were collected from secondary sources. The expost facto research design was adopted for the study. The data were analysed using OLS multiple regression, unit root test, co-integration and Error Correction mechanism (ECM). The results revealed that the variables were all stationary at level and co-integrated of the same order in the long-run. The result also showed that fiscal policy significantly influenced the rate of growth in Nigeria economy. It was therefore recommended that government should ensure transparency in budget implementation and fiscal discipline to put Nigeria on the path of sustainable growth.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Dynamic Relationship Between Fiscal Policy and Economic Growth in Nigeria (Long and Short Run Analysis)
AU  - Paul Ndubuisi
Y1  - 2017/07/20
PY  - 2017
N1  - https://doi.org/10.11648/j.jbed.20170204.13
DO  - 10.11648/j.jbed.20170204.13
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 215
EP  - 226
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20170204.13
AB  - This study investigates empirically the fiscal policy impact on the economic growth index in Nigeria for the period 1985-2015. Data for the study were collected from secondary sources. The expost facto research design was adopted for the study. The data were analysed using OLS multiple regression, unit root test, co-integration and Error Correction mechanism (ECM). The results revealed that the variables were all stationary at level and co-integrated of the same order in the long-run. The result also showed that fiscal policy significantly influenced the rate of growth in Nigeria economy. It was therefore recommended that government should ensure transparency in budget implementation and fiscal discipline to put Nigeria on the path of sustainable growth.
VL  - 2
IS  - 4
ER  -

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