Journal: Ago-iwoye Journal Of Social And Behavioural Sciences
ISSN Number:
0
Downloads
21
Views
Abstract
The study investigates the linear and nonlinear causal linkages between government expenditure and output nexus in Nigeria for the period 1961- 2013. Employing a nonparametric causality test of Diks and Panchenko (2006) as well as the Hacker and Hatemi-J bootstrap parametric causality test using the VAR model, results show that there is evidence of unidirectional linear and nonlinear causality from national income to government expenditure. This result points to the validity of the Wagner’s hypothesis in Nigeria. The policy implication of this result is that government should be careful of the danger involved in increased public sector participation arising from the uncertainty in oil prices which generates about 80 per cent of government revenue. Thus, government should intensify efforts to improve her revenue by diversifying into other sectors of the economy.
ONAKOYA,A. Olalekan,B.A .
(0000). TESTING THE VALIDITY OF WAGNER’S LAW IN NIGERIA: EVIDENCE FROM NONLINEAR CAUSALITY, 4
(), 217-217.
ONAKOYA,A. Olalekan,B.A .
"TESTING THE VALIDITY OF WAGNER’S LAW IN NIGERIA: EVIDENCE FROM NONLINEAR CAUSALITY" 4, no (), (0000):
217-217.
ONAKOYA,A. and Olalekan,B.A and .
(0000). TESTING THE VALIDITY OF WAGNER’S LAW IN NIGERIA: EVIDENCE FROM NONLINEAR CAUSALITY, 4
(), pp217-217.
ONAKOYAA, OlalekanBA, .
TESTING THE VALIDITY OF WAGNER’S LAW IN NIGERIA: EVIDENCE FROM NONLINEAR CAUSALITY. 0000, 4
():217-217.
ONAKOYA,Adegbemi ,
and Olalekan,Bashir Aworinde
.
"TESTING THE VALIDITY OF WAGNER’S LAW IN NIGERIA: EVIDENCE FROM NONLINEAR CAUSALITY", 4 . (0000) :
217-217.
O.Adegbemi & O.Bashir Aworinde ,
"TESTING THE VALIDITY OF WAGNER’S LAW IN NIGERIA: EVIDENCE FROM NONLINEAR CAUSALITY"
vol.4,
no.,
pp. 217-217,
0000.