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Bullion

Keywords

Fiscal, Expenditure, Recurrent, Expenditure, Capital/Expenditure. Economic Growth

Abstract

With the Nigerian economy oscillating around financial quagmire and fast moving towards fiscal unsustainability, this study analysed the impact of disaggregated expenditures on economic growth. Employing data from 1980 to 2019, the study established through the autoregressive distributed lagged technique that heterogeneity in expenditure is relevant to economic growth, with recurrent expenditure contributing insignificantly to economic growth, while capital expenditure negatively impact economic. Thus, among other policy option, the study suggested appropriate expenditure over recurrent expenditure and that government should engage more in the provision of capital projects in the economy.

Author Bio

The authors are from University of Nigeria, Nsukka, and Delta State University, Abraka, Delta State.

Publication Title

Bullion

Issue

4

Volume

45

First Page

31

Last Page

42

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