An empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economy

Basit Öğe Kaydı
dc.authorscopusid57213839932
dc.authorscopusid56448814300
dc.authorscopusid36625310500
dc.authorscopusid55489726500
dc.authorscopusid57193455217
dc.contributor.authorOnifade, Stephen Taiwo
dc.contributor.authorÇevik, Savaş
dc.contributor.authorErdoğan, Savaş
dc.contributor.authorAsongu, Simplice
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2024-09-11T19:58:22Z
dc.date.available2024-09-11T19:58:22Z
dc.date.issued2020
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThe impacts of public expenditures on economic growth have been revisited in this paper with respect to capital expenditure, recurrent expenditure and the government fiscal expansion in line with support for the budgetary allocations to various sectors in the context of the Nigerian economy. Pesaran’s ARDL approach has been applied to carry out the impact analysis using annual time-series data from 1981 to 2017. Empirical findings support the existence of a level relationship between public spending indicators and economic growth in Nigeria. Incisively, recurrent expenditures of government were found to be significantly impacting on economic growth in a negative way while the positive impacts of public capital expenditures were not significant to economic growth over the period of the study. Further results from the Granger Causality Test reveal that fiscal expansion of the government that is hinged on debt financing is strongly granger causing public expenditures and domestic investment with the latter also Granger causing real growth in the economy. We, therefore, provide some important policy recommendations following the results of the empirical analysis. © 2020, The Author(s).en_US
dc.identifier.doi10.1186/s40008-020-0186-7
dc.identifier.issn2193-2409en_US
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85078851829en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1186/s40008-020-0186-7
dc.identifier.urihttps://hdl.handle.net/11363/8454
dc.identifier.volume9en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofJournal of Economic Structuresen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectARDL models; Debt to GDP ratio; Economic growth; Fiscal policies; Nigeriaen_US
dc.titleAn empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economyen_US
dc.typeArticleen_US

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