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Cointegration Analysis-Causality Testing and Wagner’s Law: The Case of Nigeria, 1970–2001

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  • P. Akanni Olomola

    (Obafemi Awolowo University, Ile-Ife, Osun-State, Nigeria.)

Abstract

The objective of this paper was to examine the causal relationship between national income and public expenditures in Nigeria in the shortand long-run. The paper adopted the cointegration procedure to investigate the causal relationship between public expenditure and national income (per capita GNP) for Nigeria over the period 1970 to 2001. The VECM was estimated to ascertain the direction of causality between the two series. The causality test results indicated that economic growth granger-caused public expenditure, both in the short-and long run. This finding supported the Wagner’s hypothesis for Nigeria.

Suggested Citation

  • P. Akanni Olomola, 2004. "Cointegration Analysis-Causality Testing and Wagner’s Law: The Case of Nigeria, 1970–2001," Journal of Social and Economic Development, Institute for Social and Economic Change, Bangalore, vol. 6(1), pages 76-90, January-J.
    • Handle: RePEc:sch:journl:v:6:y:2004:i:1:p:76-90
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    File URL: http://www.isec.ac.in/JSED_v6_i1_76-90.pdf
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    Cited by:

    1. Nupur Nirola & Sohini Sahu, 2020. "Revisiting the Wagner’s law for Indian States using second generation panel cointegration," Economic Change and Restructuring, Springer, vol. 53(2), pages 241-263, May.
    2. Yaya Keho, 2016. "Testing Wagner's Law in the Presence of Structural Changes: New Evidence from Six African Countries (1960-2013)," International Journal of Economics and Financial Issues, Econjournals, vol. 6(1), pages 1-6.
    3. Yusuf Shamsuddeen Nadabo & Suleiman Maigari Salisu, 2021. "Investigating the Expenditure-Economic Growth Nexus in Nigeria the Presence of Structural Breaks: A Nonlinear ARDL Cointegration Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(09), pages 146-153, September.
    4. Anthony Enisan Akinlo, 2013. "Government Spending And National Income Nexus For Nigeria," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 7(1), pages 33-41.
    5. Yaya Keho, 2017. "Threshold Cointegration, Asymmetric Causality and Wagner¡¯s Law: The African Experience Revisited," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(5), pages 171-180, May.

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