IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v4y2020i6p612-620.html
   My bibliography  Save this article

Public Expenditure and Economic Growth in Nigeria

Author

Listed:
  • Otubu, Osaretin Paul

    (Department of Economics, Faculty of Social Sciences, University of Uyo, P.M.B 1017, Uyo Akwa Ibom State, Nigeria)

Abstract

This research was on “public expenditure and economic growth in Nigeria from 1980 to 2019. The broad objective or aim of this research is to investigate the influence of public expenditure/spending on economic growth in Nigeria – 1980 to 2019. The econometrics technique of ordinary least squares, co-integration, error correction model/mechanism and granger causal examination were employed as analytical tools. From the error correction estimation, we found that government expenditure/spending on education had a positive influence on economic ontogeny or growth and it was reliably statistically significant. Government expenditure/spending on health conforms to apriori anticipation. Public expenditure/spending was found to be necessary for influencing or impacting gross domestic/internal product. The granger causal outcome reveals that there is a causal relationship flow between government expenditure/spending on education and economic ontogeny/growth in Nigeria, and there was also causal relationship flow between government expenditure/spending on healthcare and economic growth. It was notably recommended that government/authority need to increase allotment to the educational and healthcare sectors of the economy. Training and retraining of healthcare and educational staff, and government/authority should embrace global trending technology in the educational and healthcare sectors because the entire world system is becoming digitally or technologically driven.

Suggested Citation

  • Otubu, Osaretin Paul, 2020. "Public Expenditure and Economic Growth in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(6), pages 612-620, June.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:6:p:612-620
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-4-issue-6/612-620.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/virtual-library/papers/public-expenditure-and-economic-growth-in-nigeria/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2012. "World Development Report 2013 [Rapport sur le développement dans le monde 2013]," World Bank Publications - Books, The World Bank Group, number 11843.
    2. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    3. Rajkumar, Andrew Sunil & Swaroop, Vinaya, 2008. "Public spending and outcomes: Does governance matter?," Journal of Development Economics, Elsevier, vol. 86(1), pages 96-111, April.
    4. Marijn Verhoeven & Mr. Sanjeev Gupta & Mr. Erwin H Tiongson, 2001. "Public Spending on Health Care and the Poor," IMF Working Papers 2001/127, International Monetary Fund.
    5. World Bank, 2012. "World Development Report 2012 [Rapport sur le développement dans le monde 2012]," World Bank Publications - Books, The World Bank Group, number 4391.
    6. Landau, Daniel, 1986. "Government and Economic Growth in the Less Developed Countries: An Empirical Study for 1960-1980," Economic Development and Cultural Change, University of Chicago Press, vol. 35(1), pages 35-75, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Asadullah, M. Niaz & Savoia, Antonio & Mahmud, Wahiduddin, 2014. "Paths to Development: Is there a Bangladesh Surprise?," World Development, Elsevier, vol. 62(C), pages 138-154.
    2. Lim, King Yoong, 2019. "Modelling the dynamics of corruption and unemployment with heterogeneous labour," Economic Modelling, Elsevier, vol. 79(C), pages 98-117.
    3. Nadeem Ul Haque, 2015. "Flawed Urban Development Policies in Pakistan," PIDE-Working Papers 2015:119, Pakistan Institute of Development Economics.
    4. Richard E. Itaman, 2022. "The finance‐growth nexus enigma: Bringing in institutional context and the productiveness debate," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 504-527, April.
    5. Xavier Oudin & Laure Pasquier-Doumer & Thai Pham Minh & François Roubaud & Dat Vu Hoang, 2014. "Adjustment of the Vietnamese Labour Market in Time of Economic fluctuations and Structural Changes," Working Papers DT/2014/04, DIAL (Développement, Institutions et Mondialisation).
    6. Mai, Nhat Chi, 2022. "Capital Raising and Management of Vietnamese Small and Medium Sized Enterprises after Integrating into Global Economy," OSF Preprints dv68m, Center for Open Science.
    7. Asiedu, Elizabeth & Azomahou, Théophile T. & Getachew, Yoseph & Yitbarek, Eleni, 2021. "Share the love: Parental bias, women empowerment and intergenerational mobility," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 846-867.
    8. Folster, Stefan & Henrekson, Magnus, 1999. "Growth and the public sector: a critique of the critics," European Journal of Political Economy, Elsevier, vol. 15(2), pages 337-358, June.
    9. Sofia Amaral & Siddhartha Bandyopadhyay & Rudra Sensarma, 2015. "Public Work Programs and Gender-based Violence: The Case of NREGA in India," Discussion Papers 15-09, Department of Economics, University of Birmingham.
    10. Sefa Awaworyi Churchill & Mehmet Ugur & Siew Ling Yew, 2017. "Does Government Size Affect Per-Capita Income Growth? A Hierarchical Meta-Regression Analysis," The Economic Record, The Economic Society of Australia, vol. 93(300), pages 142-171, March.
    11. Bagayev, Igor & Najman, Boris, 2013. "Less quality more costs: Does local power sector reliability matter for electricity intensity?," MPRA Paper 46943, University Library of Munich, Germany.
    12. Grimm, Michael & Paffhausen, Anna Luisa, 2015. "Do interventions targeted at micro-entrepreneurs and small and medium-sized firms create jobs? A systematic review of the evidence for low and middle income countries," Labour Economics, Elsevier, vol. 32(C), pages 67-85.
    13. Kotsadam, Andreas & Tolonen, Anja, 2016. "African Mining, Gender, and Local Employment," World Development, Elsevier, vol. 83(C), pages 325-339.
    14. Katherine V Gough & Francis Chigunta & Thilde Langevang, 2016. "Expanding the scales and domains of (in)security: Youth employment in urban Zambia," Environment and Planning A, , vol. 48(2), pages 348-366, February.
    15. Andréasson, Hannes & Elert, Niklas & Karlson, Nils, 2013. "Does Social Cohesion Really Promote Reforms?," Ratio Working Papers 211, The Ratio Institute.
    16. Ugo Panizza, 2023. "State-owned commercial banks," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 26(1), pages 44-66, January.
    17. Tetsushi Sonobe & Keijiro Otsuka, 2012. "The Role of Training in Fostering Cluster-Based Micro and Small Enterprises Development," WIDER Working Paper Series wp-2012-099, World Institute for Development Economic Research (UNU-WIDER).
    18. MILE 02, Anirudh Shingal, 2015. "Labour market effects of integration into GVCs: Review of literature," Papers 1109, World Trade Institute.
    19. Nyborg, Kjell G., 2017. "Reprint of: Central bank collateral frameworks," Journal of Banking & Finance, Elsevier, vol. 83(C), pages 232-248.
    20. Bhalotra, Sonia & Chakravarty, Abhishek & Gulesci, Selim, 2020. "The price of gold: Dowry and death in India," Journal of Development Economics, Elsevier, vol. 143(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:4:y:2020:i:6:p:612-620. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.