FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA
Abstract
The study examines the impact of Fiscal Policy on Economic Growth in Nigeria over the period of 1991 to 2023 using Autoregressive Distributed Lag (ARDL) Bound Test approach. The dependent variable is real Gross Domestic Product while, the independent variables are government capital expenditure (GCEX), Government total domestic debt (GTDD) and Government transfer payment (GTP). The result of the bound test shows that there is long run relationship among the variables employed. Also, in the longs run, government capital expenditure, Government total domestic debt and Government transfer payment do not impact significantly on economic growth in Nigeria. The study therefore recommends among others that Government of Nigeria should prioritize and increase her expenditure on capital infrastructure in some critical sectors like electricity and road in the economy that are fundamental which can trickle down to economic growth and development in Nigeria.
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Published in UNIPORT JOURNAL OF BUSINESS, ACCOUNTING & FINANCE MANAGEMENT
ISSN: 1596-9911
This article appears in our peer-reviewed academic journal
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