Fiscal, Expenditure, Recurrent, Expenditure, Capital/Expenditure. Economic Growth
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.
Oba, Efayena O. and Buzugbe, Ngozi P.
"Is the heterogeneity of expenditure relevant to economic growth? the case of Nigeria,"
Bullion: Vol. 45:
4, Article 4.
Available at: https://dc.cbn.gov.ng/bullion/vol45/iss4/4