Fiscal Policy and Economic Growth in Nigeria, 1970 – 2011

Authors

  • A. P. Udokang Department of Accountancy Akwa Ibom State Polytechnic, Ikot Osurua, Ikot Ekpene, Nigeria

Keywords:

Economy, GDP and Fiscal Policy

Abstract

The aim of this paper is to examine the relationship between fiscal
policy and the growth of Nigerian economy using annual series
data from 1970 to 2011. The study adopted the Johansen Cointegration Test, Vector Error Correction Mechanism (VECM) Test and Granger Casualty Test for data analysis. Before estimating the data the variables were checked for unit root using Augmented Dickey-Fuller (ADF) and Phillip-Peron Tests (PP) Tests. The study reveals that there is a significant causal relationship between Gross Domestic Product (GDP) and the variables used in this research. On the basis of the findings the paper recommends among others consistency in macroeconomic policies implementation for a sustained increase in output growth of the Nigerian economy.

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Published

2013-12-01

How to Cite

Udokang, A. P. (2013). Fiscal Policy and Economic Growth in Nigeria, 1970 – 2011. International Journal of Economic Development Research and Investment (IJEDRI), 4(2), 54–61. Retrieved from http://icidr.org.ng/index.php/Ijedri/article/view/844

Issue

Vol. 4 No. 2

Section

Articles