IDEAS home Printed from https://ideas.repec.org/a/ris/ilojep/0042.html
   My bibliography  Save this article

Public Expenditure And Inclusive Growth In Nigeria

Author

Listed:

Abstract

Nigeria has recorded tremendous and steady rise in public spending and economic growth over the years. However, the rates of poverty and unemployment are on the increase. This raised public concern on the inclusiveness of Nigeria’s economic growth. This paper therefore examined: (i) the inclusiveness of Nigeria’s economic growth; and (ii) the impact of public expenditure on inclusive growth in Nigeria. The paper used secondary data for the period between 1960 and 2012. Principal Component Analysis was used to compute the inclusive growth index, while time series regression analysis was used for the second objective. The results showed that only the impact of state governments’ expenditure was significant at 10 percent. However, expansionary fiscal policy could undermine inclusive growth if it triggers to inflation. Also, the results suggested that excessive trade openness could inhibit the inclusiveness of the growth process.

Suggested Citation

  • Yaru, M.A. & Mobolaji, H.I. & Kilishi, A. A. & Yakubu, A.T., 2018. "Public Expenditure And Inclusive Growth In Nigeria," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 5(5), pages 46-61, June.
    • Handle: RePEc:ris:ilojep:0042
    as

    Download full text from publisher

    File URL: https://www.ijep.org/issues/volume5issue52018/Yaru2018.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Usman A & Mobolaji H. I & Kilishi A. A & Yaru M. A & Yakubu T. A, 2011. "Public Expenditure And Economic Growth In Nigeria," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 1(3), pages 104-113.
    2. Rahul Anand & Mr. Saurabh Mishra & Mr. Shanaka J Peiris, 2013. "Inclusive Growth: Measurement and Determinants," IMF Working Papers 2013/135, International Monetary Fund.
    3. World Bank, 2014. "World Development Indicators 2014," World Bank Publications - Books, The World Bank Group, number 18237.
    4. Aladejare, Samson Adeniyi, 2013. "Government spending and economic growth: evidence from Nigeria," MPRA Paper 43916, University Library of Munich, Germany.
    5. World Bank, 2013. "World Development Indicators 2013," World Bank Publications - Books, The World Bank Group, number 13191.
    6. Hur, Seok-Kyun, 2014. "Government Spending and Inclusive Growth in Developing Asia," ADB Economics Working Paper Series 415, Asian Development Bank.
    7. Usman.A & Mobolaji H. I & Kilishi A.A & Yaru M. A & Yakubu, T. A, 2011. "Public Expenditure And Economic Growth In Nigeria," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 1(3), pages 104-113, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stephen Taiwo Onifade & Savaş Çevik & Savaş Erdoğan & Simplice Asongu & Festus Victor Bekun, 2020. "An empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economy," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-13, December.
    2. Friday Ebong & Fidelis Ogwumike & Udeme Udongwo & Olumide Ayodele, 2016. "Impact of Government Expenditure on Economic Growth in Nigeria: A Disaggregated Analysis," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 3(1), pages 113-121.
    3. Bashir Olayinka Kolawole, 2016. "Government Spending and Inclusive-Growth Relationship in Nigeria: An Empirical Investigation," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 19(2), pages 33-56, November.
    4. Ocheni S.I., 2018. "Empirical Examination of the Effects of Government Spending on the GDP Growth Rates of Nigeria," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 9(3), pages 26-31, September.
    5. Ekor, Maxwell & Adeniyi, Oluwatosin, 2014. "Government Spending and Economic Growth: A Revisit of the Nigerian Experience," MPRA Paper 107840, University Library of Munich, Germany.
    6. Mohd Arshad ANSARI & Faraz KHAN & Manish Kumar SINGH, 2021. "Public expenditure and economic development: New evidence from the BRICS-SAARC-ASEAN region," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(627), S), pages 155-174, Summer.
    7. Mohammed Aminu Yaru, 2022. "Budget transparency and internal revenue mobilisation at sub-national government level: evidence from Nigeria," Public Sector Economics, Institute of Public Finance, vol. 46(4), pages 505-531.

    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. Jan Fagerberg & Martin Srholec, 2017. "Global Dynamics, Capabilities and the Crisis," Economic Complexity and Evolution, in: Andreas Pyka & Uwe Cantner (ed.), Foundations of Economic Change, pages 83-106, Springer.
    2. Sam R. Bell & K. Chad Clay & Amanda Murdie, 2019. "Join the Chorus, Avoid the Spotlight: The Effect of Neighborhood and Social Dynamics on Human Rights Organization Shaming," Journal of Conflict Resolution, Peace Science Society (International), vol. 63(1), pages 167-193, January.
    3. Daniel Krcmaric, 2018. "Varieties of civil war and mass killing," Journal of Peace Research, Peace Research Institute Oslo, vol. 55(1), pages 18-31, January.
    4. Simplice Asongu & Uduak S. Akpan & Salisu R. Isihak, 2018. "Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-17, December.
    5. Asongu, Simplice & Nwachukwu, Jacinta, 2015. "Drivers of FDI in Fast Growing Developing Countries: Evidence from Bundling and Unbundling Governance," MPRA Paper 67294, University Library of Munich, Germany.
    6. Stéphane De Cara & Anne Fournier & Carl Gaigné, 2011. "Feeding the cities and greenhouse gas emissions: a new economic geography approach," Working Papers 1109, Chaire Economie du climat.
    7. Hafiz Saqib Mehmood Najmi & Farrukh Bashir & Saman Maqsood, 2013. "Is Fiscal Policy Effective In Generating Higher Real Output? A Case Of Pakistan," Pakistan Journal of Humanities and Social Sciences, International Research Alliance for Sustainable Development (iRASD), vol. 1(2), pages 47-58, December.
    8. Stephen Taiwo Onifade & Savaş Çevik & Savaş Erdoğan & Simplice Asongu & Festus Victor Bekun, 2020. "An empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economy," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-13, December.
    9. Matthias Busse & Ceren Erdogan & Henning Mühlen, 2016. "China's Impact on Africa – The Role of Trade, FDI and Aid," Kyklos, Wiley Blackwell, vol. 69(2), pages 228-262, May.
    10. Richard Anker & Martha Anker, 2014. "Living Wage Benchmark Report: Rural Southern Malawi (January 2014)," Global Living Wage Coalition (GLWC) 14-01-01, Universidad Privada Boliviana.
    11. Co, Catherine Y., 2014. "Supply-side constraints, capital goods imports, and the quality of Sub-Saharan African countries exports," WIDER Working Paper Series 142, World Institute for Development Economic Research (UNU-WIDER).
    12. Akpan, Uduak & Isihak, Salisu & Asongu, Simplice, 2014. "Determinants of Foreign Direct Investment in Fast-Growing Economies: A Study of BRICS and MINT," MPRA Paper 56810, University Library of Munich, Germany.
    13. Tolulope Osinubi & Simplice Asongu, 2020. "Globalization and female economic participation in MINT and BRICS countries," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 48(6), pages 1177-1193, October.
    14. Clifford J. Shultz, 2015. "The ethical imperative of constructive engagement in a world confounded by the commons dilemma, social traps and geopolitical conflicts," Chapters, in: Handbook on Ethics and Marketing, chapter 10, pages 188-219, Edward Elgar Publishing.
    15. Dennis Patterson & Jangsup Choi, 2018. "Diplomacy, trade, and South Korea’s rise to international influence," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 21(1), pages 9-27, March.
    16. Albert Fu, 2016. "Neoliberalism, logistics and the treadmill of production in metropolitan waste management: A case of Turkish firms," Urban Studies, Urban Studies Journal Limited, vol. 53(10), pages 2099-2117, August.
    17. Qing Yang & Yang Ding & Bauke De Vries & Qi Han & Huimin Ma, 2014. "Assessing Regional Sustainability Using a Model of Coordinated Development Index: A Case Study of Mainland China," Sustainability, MDPI, vol. 6(12), pages 1-23, December.
    18. Nnaemeka Vincent Emodi & Zorig Bayaraa & Samson D. Yusuf, 2015. "Energy Technology Innovation in Brazil," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 263-287.
    19. ASONGU, Simplice & ODHIAMBO, Nicholas, 2018. "Drivers Of Growth In Fast Emerging Economies: A Dynamic Instrumental Quantile Approach To Real Output And Its Rates Of Growth In Brics And Mint Countries, 2001-2011," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(1), pages 5-22.
    20. Martins Iyoboyi & Olarinde Muftau O & Abdulsalam S. Ademola, 2016. "The Institutional and Policy Environment and the Quest for Industrialization in Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 8(2), pages 13-25.

    More about this item

    Keywords

    Public Expenditure; Inclusive Growth; Nigeria;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    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:ris:ilojep:0042. 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: Daniel Akanbi (email available below). General contact details of provider: https://edirc.repec.org/data/deilong.html .

    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.