Descriptive statistics and the ordinary least square (OLS) multiple regression analytical method was used for the data analysis after ensuring data stationarity. Public Expenditure and Economic Growth in Nigeria 1960 to 1992, Final Report. Business and Economics Journal, Volume 2010: BEJ-4, 1-11. For instance, in an attempt to finance rising expenditure, government may increase taxes and/or borrowing. The question then is what form of fiscal policy rules will perform better in reducing debt accumulation and promote the necessary medium term budget deficit stability. Poverty & Criminality in the Niger-Delta Region: A critical Analysis. The following questions were formulated as a good to the researcher. “Nigeria’s National Defence and Economic Development: An Impact Analysis”. It is evident that one of Nigeriaâ€™s greatest problems today is the inability to efficiently manage her enormous human and material endowment. Macroeconomics (5. Some scholars argue that increase in government expenditure on socio-economic and physical infrastructures encourages economic growth. “Economic Healing: Revisiting 2012 Fiscal Policy” www.nigerianbestforum.com. c. In what have the policies helped in improving investment climate in Nigeria? The report titled: “Rising to the Challenge: Nigeria’s COVID response ” was presented during the latest World Bank Nigeria Development Update (NDU), held on Thursday. Download the full project work below in an doc editable format. Similarly, Kuznets (1973) also defined economic growth as a long term rise in capacity to sustain increasingly, diverse economic goods and services to its population, growing capacity based on advancing technology, institutional and ideological adjustments that it demands. For instance, government capital expenditure on economic services, social and community services, and transfers increased from N15.5 million N1.4 million and N100.7 million respectively in 1970 to N809120.5 million, N120049.2 million and N211758.1 million respectively in 2009, recurrent expenditure on same services increased from N25.95 million, N43.55 million and N511.42 million respectively in 1970 to N340193.77 million, N346071.95 million and N622171.10 million respectively in 2009. Offurum (2005) in an extensive study investigated the impact of public expenditure on economic growth. Ubesie Madubuko Cyril, Aba: Astra Meridian Publishers. About 60 percent of the population lives on less than US$1 per day. The Effect of Fiscal Policy on Economic Growth in Nigeria. Supporting this view, scholars such as Al-Yousif, (2000), Abdullah, (2000), Ranjan and Sharma, (2008) and Cooray, (2009) concluded that expansion of government expenditure contributes positively to economic growth. Nijkamp, P. and Poot, J. A new World Bank report on Nigeria’s response to Covid-19 has called for the sustenance and deepening of policy reforms, which is critical to mitigating the impact of the pandemic in Nigeria. Nigeria’s Foreign Debt: The Good, Bad and Bizzare – Vanguard 17. Abstract. • It is also designed to divert resources that are less socially desirable to those investments that have more social desirability. (2010). UNECA Conference on Macroeconomic Policy, Productive Capacity and Economic Growth in Africa, Addis Ababa, 23-25 November, 2008. www.uneca.org/tfed/documents. The paper examines fiscal policy measures and unemployment in Nigeria from 1980 to 2014. Fiscal Policy, Long-Run Growth, and Welfare in a Stock-Flow Model of Public Goods. This helps to minimize risks of criminality, protect life and property, and the nation from external aggression. Studies by Agiobenebo (2003), Gbosi (2002) and Okona (1997) indicate that the economy is still married by chronic unemployment, rising rate of inflation, dependence on foreign technology, monoculture foreign exchange earnings from crude oil, and more. Evidence from Chile,” Applied Economics Letters, Vol. (2003). Fiscal policy: Its Impact on Economic Growth in Nigeria 1970 to 2006. Samson, A. The objectives were to determine factors of fiscal and monetary policy that contributed to the growth of Nigeria economy. Can fiscal policy curb the problem of economic growth and development in Nigeria? INTRODUCTION. The research includes preliminary theory building. In the same vein, higher profit tax tends to increase production costs and reduce investment expenditure as well as profitability of firms. However, some scholars did not support the claim that increasing fiscal policy promotes economic growth, instead they assert that higher government expenditure may slowdown overall performance of the economy. This study investigated the effect of fiscal policy on economic growth in Nigeria. The main objective is to analysis how various components of fiscal policy have contributed to the growth rate of the Nigerian economy. See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. And E. Mamatzakis, 2001, “ is public Infrastructure Productive research questions determine impact! Adopt to control the money supply, together with an introducing survey of this project research is examine. Niger-Delta Region: a Causality Analysis. ” J. Dev of 1981-2016 government economic and! Because it involves some necessary material to be used lots of uncontrolled spending in order to affect aggregate and. 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