ABSTRACT
The study examined effect of
government expenditure on economic growth of Nigeria rom year 2000 to 2018 to
determine the relationship between the variables during the democratic
dispensation. It employed ex post facto research design and extracted data from
CBN statistical bulletin. It extracted government expenditure on education,
health and agriculture as the independent variables while percent change in
real gross domestic product was used as economic growth. The study hypothesized
that government expenditure on education, health and agriculture each has no
significant effect on economic growth of Nigeria. The Dickey-Fuller unit root
approach was employed to determine whether the variables are stationary and
confirmed that they are stationary at first difference. The study adopted
Johansen co-integration test to determine the long run relationship while the
error correction method was employed to test the hypotheses. The results
established that government expenditure on education and health individually has
negative significant relationship with economic growth at lag length one while
the expenditure on agriculture has positive relationship with economic growth
in the short run at lag length two. It also found that government expenditure
on education, health and agriculture each has significant effect on percentage
change in real gross domestic product. The study therefore concludes that
government expenditure has significant effect on economic growth of Nigeria and
recommends that government should ensure that expenditure on education is also
directed towards those areas such vocational and technical education that will
immediately impact on economic growth, government expenditure on health should
be to improve health facilities so as to avoid capital flight and expenditure
on agriculture should be towards improving the agricultural processing to
enhance value chain.
TABLE OF CONTENTS
Tittle Page
Declaration
Certification
Dedication
Acknowledgements
Table of Contents
List of Tables
Abstract
CHAPTER
ONE: INTRODUCTION
1.1 Background of Study
1.2 Statement of Problem
1.3 Objective of the Study
1.4 Research Question
1.5 Research Hypothesis
1.6 Significance of the Study
1.7 Scope and Limitation of the
Study
CHAPTER
TWO: REVIEW OF RELATED LITERATURE
2.1 Conceptual Framework
2.1.1 Concept of Government
Expenditure
2.1.2 Component of Federal Government
Spending
2.1.3 Education in Nigeria
2.1.4 Concept of Economic Growth
2.2 Theoretical Literature Review
2.2.1 Musgrave Theory of Public
Expenditure Growth
2.2.2 The Keynesian Theory
2.2.3 Neo Classical Growth Theory-The
Growth Accounting Theory
2.3
Empirical Review
2.4
Summary of Review of Related Literature
2.5
Identified Gap in Empirical Literature
CHAPTER
THREE: METHODOLOGY
3.1 Research Design
3.2 Area of the Study
3.3 Method of Data Collection
3.5 Model Specification
3.6 Description of Data
CHAPTER
FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Data Presentation
4.2 Stationary Test
4.3 Effect of Government Education
Expenditure on Economic Growth
4.3.1 Test on Hypothesis 1
4.3.1 Test on Hypothesis 2
4.4
Effect of Government Agriculture Expenditure Economic Growth
4.4.1
Test on Hypothesis 3
CHAPTER
FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendation
Reference
ATASIE, P (2021). Effect Of Government Expenditure On The Economic Growth In Nigeria. (2000-2018). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-government-expenditure-on-the-economic-growth-in-nigeria-2000-2018-7-2
PRINCE, ATASIE. "Effect Of Government Expenditure On The Economic Growth In Nigeria. (2000-2018)" Mouau.afribary.org. Mouau.afribary.org, 19 May. 2021, https://repository.mouau.edu.ng/work/view/effect-of-government-expenditure-on-the-economic-growth-in-nigeria-2000-2018-7-2. Accessed 31 Oct. 2024.
PRINCE, ATASIE. "Effect Of Government Expenditure On The Economic Growth In Nigeria. (2000-2018)". Mouau.afribary.org, Mouau.afribary.org, 19 May. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-government-expenditure-on-the-economic-growth-in-nigeria-2000-2018-7-2 >.
PRINCE, ATASIE. "Effect Of Government Expenditure On The Economic Growth In Nigeria. (2000-2018)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-government-expenditure-on-the-economic-growth-in-nigeria-2000-2018-7-2