|
|||||||||||||||
|
INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
||||||||||||||
Issue: April 2024
Volume 9 | Issue 4
Review Result and Publication of Paper within : 2-3 days
Click Here For more DetailsFor Authors
Forms / Download
Published Issue Details
Editorial Board
Other IMP Links
Facts & Figure
Impact Factor : 8.76
Issue per Year : 12
Volume Published : 9
Issue Published : 95
Article Submitted :
Article Published :
Total Authors :
Total Reviewer :
Total Countries :
Indexing Partner
Join RMS/Earn 300
Licence
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
|
Published Paper Details
|
|
| Paper Title: | The Developmental Implications of Nigeria’s Public Spending: An ARDL Analysis |
| Authors Name: | Dr. Aniefiok Benedict Udo , Dr. Boniface Linus Akpan , Dr. Oniko Ndoma Nsor |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_196010
|
| Published Paper Id: | IJNRD2305569 |
| Published In: | Volume 8 Issue 5, May-2023 |
| DOI: | |
| Abstract: | In the context of a developmental state, fiscal policy is still widely recognized as a potent tool for enhancing growth, redistributing income, and reducing poverty in an economy. Whereas the growth and development of the Nigerian economy have not been stable over the years as a result, the country's economy has witnessed so many shocks and disturbances both internally and externally over the decades. There exists a consensus in the literature that an adequate and effective macroeconomic policy is critical to any successful development process aimed at achieving high employment, sustainable economic growth, and price stability. Is the Nigerian government a developmental state? In an attempt to answer this question, this study examined the short and long-run impact of public expenditure on economic development in Nigeria from 1980 to 2020. Specifically, it seeks to determine the nature and direction of causality between government spending and economic development. The study employs the pairwise Granger causality technique and Autoregressive distributed lagged (ARDL) model to evaluate the empirical evidence of the impact of public expenditure on economic development, measured by poverty level in Nigeria. After testing for Granger causality, the result reveals that there is a bidirectional relationship between government spending and economic development in Nigeria. Also, the analysis showed that there is a long-run relationship between public expenditure and economic development in Nigeria. Based on these findings, the study concludes that the Federal Government should ensure increased interventions in key sectors of the economy concerning government spending knowing that it affects the level of economic development. Therefore, this study recommends that to achieve sustainable economic development in Nigeria, Government expenditure should be increased in the health, education, and agricultural sectors in the economy |
| Keywords: | Developmental state, Government Expenditure, Bound Test, Causality, Economic Development |
| Cite Article: | "The Developmental Implications of Nigeria’s Public Spending: An ARDL Analysis", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 5, page no.f449-f462, May-2023, Available :http://www.ijnrd.org/papers/IJNRD2305569.pdf |
| Downloads: | 000118760 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID:IJNRD2305569 Registration ID: 196010 Published In: Volume 8 Issue 5, May-2023 DOI (Digital Object Identifier): Page No: f449-f462 Country: Uyo, Akwa Ibom State, Nigeria Research Area: Social Science and Humanities Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2305569 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2305569 |
| Share Article: |
|
|
Click Here to Download This Article |
|
| Article Preview | |
|
|
|
Major Indexing from www.ijnrd.org
| Semantic Scholar | Microsaoft Academic | ORCID | Zenodo |
| Google Scholar | ResearcherID Thomson Reuters | Mendeley : reference manager | Academia.edu |
| arXiv.org : cornell university library | Research Gate | CiteSeerX | PUBLON |
| DRJI | SSRN | Scribd | DocStoc |
ISSN Details
 |
 |
|
ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016
DOI (A digital object identifier)
Conference
Open Access License Policy
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Important Details
Social Media
Licence
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Join RMS/Earn 300
| Copyright © 2024 - All Rights Reserved - IJNRD |
Facebook Twitter Instagram LinkedIn