Effect of government expenditure on economic growth in Nigeria (1981-2013)

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MAY, 2016
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In this study, attempt was made to investigate the effect of government expenditure on economic growth in Nigeria. The study covers a period between 1980 and 2014 and uses aggregate time series data from secondary source. Relevant time series data used in the model includes those on gross domestic Product (GDP} and different structures of government. Results of the study show government expenditure has a significant effect on economic growth though the significance is form dependent. i.e. the form of government expenditure considered. Also, capital and recurrent expenditure have significant effect on economic growth but in varying degrees and extent. Finally, it was found out that capital expenditure would have exert positive impact on the level of economic growth but for the issue of corruption and institutional oddity in Nigeria though the intended capital expenditure is indirectly converted to recurrent expenditure somehow which has its own effect on the Economic growth.
A thesis submitted to The Department of Economics, Kwame Nkrumah University of Science and Technology, in partial fulfilment of the requirements for the award of the Master of Science (M.Sc) Degree in Economics.