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FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA (1980-2017)

Authors: OKEDINA Iyabo , AWOLAJA Oladapo , BINUYO Babatunde , Oluwatoyin Olaniyan

Publication Type: Journal article

Journal: Rhema University Journal Of Management And Social Sciences

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Abstract

This study sought to examine the relationship between fiscal policy and economic growth in Nigeria. The study employed the annual time series data covering the period of 1980-2017 sourced from the CBN Statistical Bulletins, World Bank Indicators and the National Bureau of Statistic. The results using the Phillip-Perron test revealed that all the variables are integrated of order 1. The Non-linear Autoregressive Distributed Lag (NARDL) estimation co-integration framework was employed to investigate the expansionary and/or contractionary effect of fiscal policy on economic growth. The findings concluded that there is a long-run relationship between fiscal policy and economic growth in Nigeria and that an expansionary fiscal policy is growth promoting while a contractionary fiscal policy is growth diminishing. The study recommends that an expansionary fiscal policy should be pursued by the government to promote growth.

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OKEDINA,I. AWOLAJA,O. BINUYO,B. Oluwatoyin,O. . (2019). FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA (1980-2017), 7 (), 162-162.

OKEDINA,I. AWOLAJA,O. BINUYO,B. Oluwatoyin,O. . "FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA (1980-2017)" 7, no (), (2019): 162-162.

OKEDINA,I. and AWOLAJA,O. and BINUYO,B. and Oluwatoyin,O. and . (2019). FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA (1980-2017), 7 (), pp162-162.

OKEDINAI, AWOLAJAO, BINUYOB, OluwatoyinO, . FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA (1980-2017). 2019, 7 ():162-162.

OKEDINA,Iyabo , AWOLAJA,Oladapo , BINUYO,Babatunde , and Oluwatoyin,Olaniyan . "FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA (1980-2017)", 7 . (2019) : 162-162.

O.Iyabo A.Oladapo B.Babatunde & O.Olaniyan , "FISCAL POLICY AND ECONOMIC GROWTH IN NIGERIA (1980-2017)" vol.7, no., pp. 162-162, 2019.

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