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Fiscal policy can foster growth and human development through a number of different channels. These include the macroeconomic (for example, through the influence of the budget deficit on growth) as well as the microeconomic (through its influence on the efficiency of resource use). But how...
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Intro -- Contents -- Foreword -- Contributors -- Acknowledgments -- Fiscal Policy for Economic Development: An Overview -- Fiscal Policy, Expenditure Composition, and Growth in Low-Income Countries -- Persistence of Fiscal Adjustments and Expenditure Composition in Low-Income Countries --...
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The sustainability of the Nigerian fiscal deficit along with the role of the dynamics of government revenues and spending in adjusting the size of the deficit is examined using annual data from 1961 to 2014. After allowing for structural breaks, the study finds evidence of a cointegration...
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Nigeria for the period of 1981 to 2015. After establishing a long run relationship among the variables, the error correction … economic growth supporting the Keynesian and spend-tax hypothesis in Nigeria over the period of the study. We recommend that … the economy of Nigeria should be diversified into non-oil sector rather than relying solely on revenue from oil export. …
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