Impact of fiscal policy on economic growth in nigeria pdf
Fiscal Policy on Nigeria’s Economic Growth Umar Lawal Aliyu Dr. Umar Lawal Aliyu Faculty of Management, Department of Business Administration LIGS University Hawaii, USA primarily by the monetary authorities, particularly the cen fiscal authorities, particularly the Ministry of Finance or Treasury. Although monetary and fiscal policies 1. INTRODUCTION 1.1 Background of the Study …
This paper has examined empirically the contribution of fiscal policy in the achievement of sustainable economic growth in Nigeria. Using the Solow growth model estimated with the use of Ordinary Least Square method, it was found that fiscal policy has not been effective in the area of promoting sustainable economic growth in Nigeria.
THE IMPACT OF FISCAL AND MONETARY POLICIES ON UNEMPLOYMENT PROBLEM IN NIGERIA (MANAGERIAL ECONOMIC PERSPECTIVE) Nick Attamah*, Igwe Anthony**, Wilfred I. Ukpere*** Abstract This paper investigates the impact of fiscal and Monetary Policies on Unemployment Problem in Nigeria and covers the periods 1980 to 2013. To achieve this, fiscal policy was captured here by …
the impact of fiscal policy on economic growth in Nigeria. Annual data covering 1977 – 2009 were utilized. Unit roots of the series were examined using the . Munongo Simon, Int. J. Eco. Res., 2012, v3i6, 93 – 99 ISSN: 2229-6158 IJER NOVEMBER – DECEMBER 2012 Available email@example.com 95. Augmented Dickey-Fuller technique after which the cointegration test …
fiscal policy on economic growth in Nigeria (1970-2006). In a similar study, (Adeoye, 2011) gave In a similar study, (Adeoye, 2011) gave analyses of the impact of fiscal policy on economic growth in Nigeria for the period of 1970-
THE IMPACT OF FISCAL DEFICIT ON NIGERIA’S ECONOMIC GROWTH CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Fiscal policy plays a key role in the sustenance of economic growth and macroeconomic stability.
journal of research in national development volume 5 no 2, december, 2007 fiscal policy and nigerian economic growth omitogun o…
Growth and fiscal consequences of terrorism in Nigeria 1 Chuku Chuku, Dominic Abang, and Ima-Abasi Isip JEL Codes: H56, D74, F43 Keywords: Terrorism, Economic growth, Transfer functions, Counter-terrorism expenditure, Structural
Fiscal policy is an effective tool for supporting growth. While it is difficult to disentangle the impact of fiscal reforms from other factors and to determine causality
The Effect of Monetary Policy on Economic Growth in Kenya Corazon K. Kamaan School of Human Resource Development, Jomo Kenyatta University of Agriculture and Technology, Nairobi Kenya firstname.lastname@example.org Abstract This study sought to quantitatively measure the effect of monetary policy on economic growth in Kenya. Findings from this study indicated that one standard deviation monetary policy
The Nigerian Economy: 1970-2009 195 In spite of several fiscal measures established since independence and given the importance of fiscal policy in macroeconomic management in Nigeria, economic growth
The Impact of Monetary and Fiscal Policies on Economic
THE IMPACT OF FISCAL DEFICIT ON NIGERIA’S ECONOMIC GROWTH
Keywords: Monetary policy, economic growth, The objective of this study therefore, is to assess the impact of monetary policy in Nigeria, specifically, if it has facilitate growth or not and examine the effect of other co-operant factors in bringing about the desired sustainable economic development in Nigeria. For this purpose, the paper is divided into four sections. The first section is
operations in Nigeria, to some extent, caused some economic growth in the country, though the precise extent is a subject of further study. We recommend refocusing Fiscal Policy to ensure:
Oil price Economic Growth Inflation Rate Interest Rate Fiscal Finances Exchange Rate Investment Petrol Supply: Scenarios 2019 Elections Three Emerging Scenarios Nigeria’s Risk Matrix . PwC February 2018 Inflation declines sharply, driven mainly by base effects Nigeria: Economic Outlook 6 • Food inflation moderates to 14.0% y/y – the lowest since June 2016, mainly a reflection of improved
Impact of Monetary Policy on the Economy of Nigeria Abdulazeez Mohammed Nasko Capital Science Academy, Kuje, Abuja, Nigeria. Email: email@example.com Accepted 23rd December, 2016 Abstract This study examines the impact of monetary policy on economic growth in Nigeria. The study uses time-series data covering the range of 1990 to 2010. In concluding the analysis, …
The Impact of Fiscal Policy on Economic Growth in Nigeria The attempt to empirically test the efficacy of fiscal policy in an economy dates back to the pioneering work of Friedman and Meiselman (1987) who studied
evidence for the positive impact of fiscal policy on economic growth. The study concluded that government The study concluded that government authorities could use fiscal policy to affect economic growth in an indirect manner.
Fiscal policy is used in gearing the economy towards achieving a variety of economic transformation such as economic development and growth, price stability, reduction in unemployment, external equilibrium as well as income redistribution.
fiscal and monetary policies in achieving economic growth in Nigeria from so many flaws including inconsistency in the data set, weak model adopted in the study. 5.
Tax revenue has no significant impact on economic growth of Nigeria proxied by GDP. 1.6 Scope of the study This scope covers time series data from 1981- 2015 due to time constraints and unavailability of required data. 2.0 Review of Related Literature 2.1 Preamble Fiscal policy is a macroeconomic policy, which is used in controlling or balancing supply of money circulating in the economy
fiscal policy is a powerful instrument for stabilizing the economy, which controls over the amount and structure of taxes, expenditures, and the debt management. The governance of fiscal policy affects aggregate demand, the distribution of
government revenue have more positive impact on price and economic growth in Nigeria specifically in the long run, thus some time with lag. Although monetary and fiscal policy variables have a dominant effect on economic activity, it is clear from this study that economic activity is dominated by its own dynamics in most of the periods. The estimates presented in this paper suggest that both
This paper examined the impact of fiscal stance on economic growth in Nigeria from 1970 to 2010 using econometrics tools such as descriptive statistics, stationarity test, co-integration test, multivariate
fiscal policy in stimulating economic growth during and after regulation periods. The impact was The impact was marginally higher (only N140 million or 14% contribution to GDP) during deregulation
The Impact of Fiscal Deficits on Economic Growth in Nigeria Abu Maji [a] ; Joseph Oboba Achegbulu [b],* [a] Department Of Economics, Kogi State University, Anyigba, Nigeria
fiscal components have significant impacts on growth of the Nigerian economy. Methodologically, the study began by examining the characteristics of the relevant time-series using the unit root tests of stationary and co-integration tests.
power of fiscal policy on economic growth. Some researchers find support for the monetarist view, which suggests the monetary policy generally has a greater impact on economic growth and dominates fiscal policy in terms of its impact on investment and growth (Elliot, 1975). However, others argued that fiscal policies are crucial for economic growth (Chowdhury, 1986; Olaloye and Ikhide, …
It is for this reason that this study is meant to investigate the impacts of fiscal policy on inflation rate in Nigeria from 1970 to 2013. The paper is organized as follows.
economic policy, i.e. fiscal, monetary and commercial (or trade) policies. Alternatively, policy could Alternatively, policy could be taken as specific economic programmes/policies that were formulated over the course of time.
The Romanian Economic Journal Year XVI no. 50 December 2013 27 Fiscal policy has much controversial debate regarding its effectiveness on economic growth. Taxation and government expenditure are two main instruments of fiscal policy. This paper is aimed to analyze the effect of different categories of government expenditure on economic growth of Pakistan. Based on impact on economic growth
THE IMPACT OF FISCAL AND MONETARY POLICIES ON
Promoting Economic Growth in Nigeria” using Time Series Analysis believed that the impact of monetary policy could be analyzed in terms of the behaviours of the intermediate targets of …
In the case of Nigeria, Ajayi (1974), Ajisafe and Folorunso (2002) and Adefeso and Mobolaji (2010) found that monetary policy impacted greater influence than fiscal policy while Olaloye and Ikhide (1995), Philip (2009) and Medee and Nenbee (2011) argued that fiscal policies are more crucial for economic growth in the country. Familoni (1989) also denounced the classical preference of …
Implications of having a negative effect of defence burden on growth rate of real Gross Domestic Products result in crowding-out of private sector investment, retards economic progress or growth rate of real gross domestic products, and therefore, is an ineffective tool to stimulate the growth of the economy in Nigeria. Military expenditure cannot be an effective tool of fiscal policy
This study involves comparative analysis of the impact of fiscal policy on economic growth in Nigeria during regulation and deregulation periods.
impact of fiscal policy on economic growth in nigeria (1986-2012) alabi, ezekiel kolawole ecn/2010/035 a long essay submitted to the department of economics, faculty of social sciences, obafemi awolowo university, ile-ife, osun state, nigeria in partial
PERFORMANCE AS AN ENGINE FOR ECONOMIC GROWTH IN NIGERIA Raymond A. Ezejiofor Department of Accountancy Zhattau, (2013) on Fiscal Policy as an Engine of Economic Growth in Nigeria review the effect of fiscal policy in Nigeria. Omojimite and Iboma (2012) on their paper focused on Fiscal Deficit and the Productivity of the Nigeria Tax System, 1970-2010. The study however …
The Impact of Fiscal Deficits on Economic Growth in Nigeria
stability and economic growth of the Nigeria economy. The data used in this study are The data used in this study are basically secondary data collected mainly from central Bank of Nigeria…
domestic and foreign investment has impacted on the economic development of Nigeria. So, the study is So, the study is streamlined thus: section two is the review of literature; data and methodological issues make up section
the effects of exogenous fiscal policy shocks on a set of key macroeconomic variables in Nigeria within a VAR framework. Generally, despite the extensive empirical literature on the
A REASSESSMENT OF THE IMPACT OF MONETARY POLICY ON ECONOMIC GROWTH: STUDY OF NIGERIA Anowor, Oluchukwu F. and Okorie, George Chisom Department of Economics, Faculty of Social Sciences, University of Port Harcourt, Nigeria. ABSTRACT: Nigeria has over the years been controlling her economy through various macroeconomic policies of which monetary policy is among using some monetary policy
130 An Empirical Analysis of the Macroeconomic Impact of Public Debt in Nigeria Essien et al. fiscal policy can still be effective especially in a liquidity trap where, they
IMPACT OF INFLATION ON ECONOMIC GROWTH IN NIGERIA economy mainly because of the expansionary fiscal policy of the federal government during these years. This was accompanied by high monetary expansion as the huge government deficit was financed largely by the Central Bank of Nigeria. This was exacerbated by the transfer of government sector deposits to the banks and the resultant …
policy are complementary and growth enhancing in developing economies like Nigeria and that trade liberalization policies tend to enhance effectiveness of capital inflow and jointly promote higher economic growth in Nigeria.
Econometrics Analysis of the Impact of Fiscal Stance on
Fiscal Policy and Economic Development in Nigeria
An Overview of Fiscal Policy and Economic Development in Nigeria (1981-2013) About twenty years after independence, the Nigerian fiscal policy, according to the known indicators, underwent a rather rapid development.
trend of fiscal deficits in relation to economic growth of Nigeria covering the period of three decades; section 1.4 deals with the empirical results showing output from the estimated model; and finally section 1.5 deals with the general conclusion and policy recommendations to the
This paper focuses on evaluating the impact of the most likely fiscal policy scenario on economic growth in Azerbaijan rather than defining optimal, sustainable fiscal rules suitable for the country.
manner in which taxation is being used as a fiscal policy instrument for income redistribution and economic development. It is intended to offer suggestion at improving the overall Nigeria …
An Empirical Analysis of the Macroeconomic Impact of
Impact of Fiscal Policy on Economic Growth in Nigeria
Impact of Fiscal Policy on Inflation in Nigerian Economy
Impact of Fiscal Policy Measures on Economic Growth A
Fiscal Policy and Economic Growth in Nigeria 1970 – 2011
ANALYSIS OF THE IMPACT OF FISCAL POLICY ON INVESTMENT
Effect of Monetary-Fiscal Policies Interaction on Price
Project MUSE Impact of defence spending on economic