ABSTRACT
This study
examined the effect of Government Expenditure on Economic Growth of Nigeria for
the period 2002 to 2016. Time series data for the fifteen (15) years period was
sourced from Central Bank of Nigeria Statistical Bulletin and Ordinary Least
Square (OLS) multiply regression technique was used to estimate the parameter.
Real Gross Domestic Product, proxy for economic growth is adopted as the
dependent variable while Total Recurrent Expenditure and Total Capital
Expenditure constitute the independent variables. The result of the study
showed that the Government Capital Expenditure has a positive and insignificant
impact on the economic growth of Nigeria for the period under study, while
recurrent expenditure was positive and significant. In view of this, it was
recommended amongst others that government should allocate more of its
resources to the priority sectors of the economy such as agriculture and
industry as well as to infrastructure development, in order to encourage growth
of the economy.
TABLE OF CONTENT
Cover page i
Title page ii
Declaration iii
Dedication iv
Certification v
Abstract vi
Table of content
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND TO THE STUDY 1
1.2
STATEMENT OF THE PROBLEM 3
1.2 OBJECTIVE OF THE STUDY 4
1:3. RESEARCH QUESTION 4
1.4
RESEARCH HYPOTHESES 4
1.5
SCOPE OF THE STUDY 5
1.6
SIGNIFICANCE OF THE STUDY 5
CHAPTER TWO
REVIEW OF RELATED LITERATURE 6
2.1 Conceptual framework
6
2.1.1Concept of government
expendituree 6
2.1.2
TYPE OF GOVERNMENT EXPENDITURE 7
2.1.3 HOW GOVERNMET EXPENDITURE IS AFFECTED BY DIFFERENT FACTOR 8
2:1.4 OVERVIEW OF
ECONOMY GROWTH 9
2.1.5 SOME ESSENTIAL CONDITIONS FOR
STRONG ECONOMIC GROWTH 10
2.2 THEORETICAL FRAMEWORK 13
2.2.1 Musgrave theory of public
expenditure 13
2:2:2
Endogenous growth model 13
2.2.3 Economic Growth Theories 14
2.3. Empirical
Review 15
CHAPTER THERE
RESEARCH METHODOLOGY 19
3:1. Research Design 19.
3:2 Area of study 19
3:2 Area of study 20
3:4.
Model specification 20
CHAPTER FOUR
PRESENTATION OF DATA,
ANALYSIS AND DISCUSSION 22
4.1 Presentation of Data 22
4.2 Data Analysis and Discussion of Results 22
4.2 Descriptive Statistics 23
4.3 Regression Analysis 24
4.3.1 Discussion
of Findings and Hypotheses Testing 25
CHAPTER FIVE
SUMMARY OF FINDINGS,
CONCLUSION AND RECOMMENDATIONS 26
5.1 Summary of Findings 26
5.2 Conclusion 26
5.3 Recommendations 26
APPENDIX 27
REFERENCES 30
JACOB, M (2021). Effect Of Government Expenditure On Economic Growth In Nigeria. Mouau.afribary.org: Retrieved Nov 15, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-government-expenditure-on-economic-growth-in-nigeria-7-2
MOUAU/BF/14/24859, JACOB. "Effect Of Government Expenditure On Economic Growth In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 08 Jan. 2021, https://repository.mouau.edu.ng/work/view/effect-of-government-expenditure-on-economic-growth-in-nigeria-7-2. Accessed 15 Nov. 2024.
MOUAU/BF/14/24859, JACOB. "Effect Of Government Expenditure On Economic Growth In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 08 Jan. 2021. Web. 15 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-government-expenditure-on-economic-growth-in-nigeria-7-2 >.
MOUAU/BF/14/24859, JACOB. "Effect Of Government Expenditure On Economic Growth In Nigeria" Mouau.afribary.org (2021). Accessed 15 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-government-expenditure-on-economic-growth-in-nigeria-7-2