Czasopismo
Tytuł artykułu
Warianty tytułu
Języki publikacji
Abstrakty
Aim/purpose - This study aims at examining the contribution of government expenditure on service sector growth in Nigeria for the period 1970 to 2017. The service sector and government intervention are vital to economic growth of any country, hence this study. Design/methodology/approach - The study utilised the co-integration and the error correction modelling techniques. The study also conducted the stationarity tests. Findings - The regression estimates showed that government expenditure had negative and significant impact of service sector growth in Nigeria. Research implications/limitations - The implication of the findings of this study is that government expenditure over the years has not contributed positively to enhance the growth of the service sector; the study therefore recommends the need for completion of various abandoned and on-going infrastructural projects, such as road construction, water provision and electrification projects, which are vital to the growth of the service sector. Moreover, the government can through the monetary authority issue directives deposit money in banks to give loans at a reduced interest rate to investors in the service sector. Originality/value/contribution - This study has been able to show that there is the need for greater financial commitment of the government in order to improve the growth of the service sector. (original abstract)
Rocznik
Numer
Strony
74--90
Opis fizyczny
Twórcy
- Federal University Oye Ekiti, Nigeria
autor
- Federal University Oye Ekiti, Nigeria
Bibliografia
- Al-Yousif, Y. (2000). Does government expenditure inhibit or promote economic growth: Some empirical evidence from Saudi Arabia. The Indian Economic Journal, 48(2), 92-96.
- Aregbeyen, O., & Kolawole, B. O. (2015). Oil revenue, public spending and economic growth relationships in Nigeria. Journal of Sustainable Development, 8(3), 113-123. http://doi.org/10.5539/jsd.v8n3p113
- CBN Bulletin 2018 edition. Retrieved from www.cenbank.org
- Charles, D., Onuchuku, O., & Tamuno, S. O. (2018). Government expenditure on construction, transport and communication and economic growth in Nigeria. International Journal of Scientific Research, III(2), 39-48. Retrieved from http://journalijsr.com/content/2018/IJSR71.pdf
- Cooray, A. (2009). Government expenditure, governance and economic growth. Comparative Economic Studies, 51(3), 401-418. https://doi.org/10.1057/ces.2009.7
- Dada, M. A. (2013). Composition effects of government expenditure on private consumption and output growth in Nigeria: A single-equation error-correction modelling. Romanian Journal of Fiscal Policy (RJFP), 4(2), 18-34. Retrieved from https://www.econstor.eu/handle/10419/107949
- Ehigiator, B. O. (2017). The service sector in Nigeria: An escalator for new economic growth (unpublished master's thesis). School of Economics and Management, Lund University, Lund, Sweden.
- Fajingbesi, A. A., & Odusola, A. F. (1999). Public expenditure and growth. A paper presented at a training programme on fiscal policy planning management in Nigeria, Organized by NCEMA, Ibadan, Oyo State.
- Gukar, B. T., & Ogboru, I. (2017). An empirical analysis of government expenditure and economic growth in Nigeria. Journal of Economics and Development Studies, 5(4), 122-134. https://doi.org/10.15640/jeds.v5n4a11
- Ighodaro, C. A. U., & Okiakhi, D. E. (2010). Does the relationship between government expenditure and economic growth follow Wagner's Law in Nigeria? Annals of University of Petrosani Economics, 10(2), 85-198. Retrieved from https://core.ac.uk/download/pdf/26833187.pdf
- Jhingan, M. I. (2009). Advanced economic theory. Delhi: Vrinda Publications.
- Komain, J., & Brahmasrene, T. (2007). The relationship between government expenditures and economic growth in Thailand. Journal of Economics and Economic Education Research, 8(1), 93-102.
- Laokulrach, M. (2013). The impacts of fiscal and monetary policies on service Sector employment: A study of Thailand from 1986-2011. IPEDR, 61(8), 35-40. https://doi.org.10.7763/IPEDR.2013.V61.8
- Loto, M. A. (2011). Impact of government sectoral expenditure on economic growth. Journal of Economics and International Finance, 3(11), 646-652. Retrieved from https://academicjournals.org/journal/JEIF/article-abstract/56985495810
- Liu, L. Ch.-H., Hsu, C., & Younis, M. Z. (2008). The association between government expenditure and economic growth: The Granger causality test of the U.S. data, 1974-2002. Journal of Public Budgeting Accounting, Finance and Management, 20(4), 439-452. https://doi.org/ 10.1108/JPBAFM-20-04-2008-B002
- Niskanen, W. (1971). Bureaucracy and representative government. New York: Aldine.
- Nworji, I. D., & Oluwalaiye, O. B. (2012). Government spending on road infrastructure and its impact on the growth of Nigerian economy. International Journal of Management & Business Studies, 2(2), 24-30. Retrieved from http://www.ijmbs.com/22/nworji.pdf
- Cali, M., Ellis, K., & te Velde, D. W. (2008). The contribution of the services to development and the role of trade liberalization and regulation (Working Paper, No. 298). London: Overseas Development Institute (odi). Retrieved from: https://www.odi.org/resources/docs/3482.pdf
- Olugbenga, A. O., & Owoye, O. (2007). Public expenditure and economic growth. New evidence from OECD countries. Retrieved from https://academicjournals.org/journal/JEIF/article-full-text-pdf/ADE56E728287
- Ojong, C. M., Ekpo, N. S., & Anthony, O. (2016). Government expenditure and its implication on Nigerian economy. IOSR Journal of Humanities and Social Sciences (IOSR-JHSS), 21(1), 50-55. Retrieved from https://pdfs.semanticscholar.org/bfab/2048301644957475ffa933b88c2dd394cef6.pdf
- Ranjan, K. D., & Sharma, C. (2008). Government expenditure and economic growth: Evidence from India. The ICFAI University Journal of Public Finance, 6(3), 60-69.
- Rasaki, K., Hakeem, B., Ademoyewa, G., & Bahir, N. O. (2014). The impact of public sector spending on economic growth of Nigeria. Journal of Economics and Sustainable Development, 5(3), 216-224. Retrieved from https://www.iiste.org/Journals/index.php/JEDS/article/download/11015/11316
Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171593575