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Fiscal Policy Variables-Growth Effect: Hypothesis Testing

Authors: Oseni Olasunkanmi, & ONAKOYA Adegbemi

Publication Type: Journal article

Journal: American Journal Of Business And Management

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Abstract

This study investigated the fiscal policy variables that contributed to growth in Nigeria for the period of 1981 to 2010 in view of hypothesizing the fiscal policy variables-growth effect. Secondary annual timeseries data were, used. Data on, real growth rate of GDP expenditure (unproductive and productive), fiscal deficit, and taxes (distortionary and no- distortionary) were analyzed using cointegration and ordinary least square techniques. The results of cointegration reveal long- run connexion among the variables. Results of fiscal-growth effect model invalidate the claim that only productive expenditure, distortionary taxes and fiscal deficit contribute to growth in the Nigerian case. These findings highlight the importance of non-distortionary taxes as addition to three fiscal policy variables that contribute to growth and government should reduce expenditure on recreational-cultural-religious affairs and other functions like political administrative expenses in order to achieve stabilization policies in Nigeria.

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Oseni,I.O ONAKOYA,A. . (0000). Fiscal Policy Variables-Growth Effect: Hypothesis Testing, 1 (), 100-100.

Oseni,I.O ONAKOYA,A. . "Fiscal Policy Variables-Growth Effect: Hypothesis Testing" 1, no (), (0000): 100-100.

Oseni,I.O and ONAKOYA,A. and . (0000). Fiscal Policy Variables-Growth Effect: Hypothesis Testing, 1 (), pp100-100.

OseniIO, ONAKOYAA, . Fiscal Policy Variables-Growth Effect: Hypothesis Testing. 0000, 1 ():100-100.

Oseni,Isiaq Olasunkanmi, and ONAKOYA,Adegbemi . "Fiscal Policy Variables-Growth Effect: Hypothesis Testing", 1 . (0000) : 100-100.

O.Isiaq Olasunkanmi & O.Adegbemi , "Fiscal Policy Variables-Growth Effect: Hypothesis Testing" vol.1, no., pp. 100-100, 0000.

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