Claim Missing Document
Check
Articles

Found 2 Documents
Search

Impact of Government Expenditure on Economic Growth in Nigeria: 1970-2020 Ibrahim Musa; Yahaya Ismail
International Journal of Management and Business Applied Vol. 2 No. 2 (2023)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijmba.v2i2.581

Abstract

In this study, the impact of government expenditure on Nigeria's economic growth rate from 1970 to 2020 is analyzed. OLS was used to estimate the connection between the variables over the long run. The findings show a positive link between the Log of Gross Domestic Products (LGDP’s) log and its initial lag, which is statistically significant. The result reveals a positive association between the (LGDP) and the log of recurrent government expenditure (RGE), as well as between the (LGDP) and the log of first lag of recurrent government expenditure (RGE). A positive link exists between the (LGDP) and the log of capital government expenditure (CGE), but a negative relationship exists between the (LGDP) and the log of first (CGE). The link between the (LGDP) and the domestic debt of the federal government (LFGDD) is inverse, while the relationship between the logs of the first lag of the domestic debt of the federal government (LFGDD) is positive. The R2 determination coefficient is 0.698968. The outcome demonstrates that explanatory factors account for 70% of the variation in the (LGDP). The model is acceptable since the F-statistic 3595.905 with a probability of 0.000000 is significant at 1%. The long-term trend of the explanatory variables, which has increased since the year 1985, is linked to GDP. The outcome presented above also depicts the predicted short-run relationship. Therefore, it is recommended that government expenditure be examined and bolstered to have a positive impact on Nigeria's growth rates.
Linking Agricultural Development Policies and Performance on Nigeria’s Economic Growth Ibrahim MUSA; Yahaya ISMAIL; Sule MAGAJI
Loka: Journal Of Environmental Sciences Vol. 2 No. 1 (2024): Loka: Journal Of Environmental Sciences Loka: (January - March)-In Press
Publisher : PT. Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ljes.v2i1.278

Abstract

Purpose:This study links agricultural development policies and performance on Nigeria’s economic growth, utilizing a quasi-experimental research design and employing statistical techniques such as simple tables, percentages, correlation analyses, the Johansen Cointegration test, and the ARDL bound test.Methodology:Using 34 years of secondary data sourced from the National Bureau of Statistics and the Central Bank of Nigeria, the study finds that government spending, particularly capital expenditure, recurrent expenditure, and loans to farmers, has a positive and significant effect on agricultural output.Findings:Capital investment emerged as a critical driver of productivity, while recurrent expenditure showed an inconclusive impact, signaling the need for further investigation. The coefficient of determination (R² = 86.3%) underscores the robustness of the model in explaining variations in agricultural output.Implication:Based on these findings, the study recommends increased capital investment, improved access to agricultural loans, continuous evaluation of recurrent spending, policy stability, and enhanced research and data collection.