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AN EMPIRICAL ANALYSIS OF THE IMPACT OF GOVERNMENT EXPENDITURE ON ECONOMIC GROWTH OF NIGERIA (1980–2011)

ABSTRACT

The study investigates the impact of government expenditure on economic growth of Nigeria from the period 1980-2011. The objective was set to address the problem of utilization of revenue targeted to improving the economic condition of Nigeria. The review of theoretical and empirical literature provided a basis for the selection and specification of model which was used to show if government capital and recurrent expenditure has positive or negative impact on economic growth. The data were got from CBN statistical bulletin. To proper solution to the problem, policies were recommended to tackle the setbacks to economic growth.

 

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

 

CHAPTER ONE- INTRODUCTION

1.1 Background of study

1.2 Statement of problem

1.3 Objective of the study

1.4 Statement of hypothesis

1.5 Significant of study

1.6 Scope and limitation of study

 

CHAPTER TWO

LITERATURE REVIEW

2.1 Theoretical Literature

2.1.1 The Role of Public Expenditure

2.2 Empirical Literature

 

CHAPTER THREE

3.0 Research Design and Methodology

3.1 Model Specification

3.1.1 Regression Model

3.2 Method of Estimation

3.3 Method of Evaluation

3.4 Economic Apriori Expectation

3.5 Source of Data

 

CHAPTER FOUR

4.0 Presentation and Analysis of Result

4.1 Interpretation of Result

4.2 Evaluation of Result

4.2.1 Economic Apriori Criteria

4.2.2 Statistical Criteria {first order test}

4.2.2.1 Coefficient of Multiple Determinants {R2}

4.2.2.2 The student’s t-Test

4.2.3 F-Statistics

4.3 Economic Criteria

4.3.1 Test for Autocorrelation

4.4 Policy Implication

 

CHAPTER FIVE

SUMMARY, RECOMMENDATION, CONCLUSION

5.1 Summary

5.2 Recommendation

5.3 Conclusion

Bibliography


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