The Impact of Government Expenditure on Nigeria Economy

TABLE OF CONTENTS

Cover Page1

Title2

Declaration3

Certification4

Dedication5

Acknowledgement6

Table of Contents7

List of Tables8

Abstract 9

CHAPTER ONE: INTRODUCTION

1.1 Background to the Study 1

1.2 Statement of the Problem 4

1.3 Research Questions5

1.4 Objectives of the Study 5

1.5 Hypotheses of the study 6

1.6 Significance of the Study 6

1.7 Scope of the Study 6

1.8 Definition of Terms 6

CHAPTER TWO: LITERATURE REVIEW 

2.1 Conceptual Review8

2.1.1 Conceptual Framework 12

2.2 Empirical Review12

2.3 Theoretical Review15

2.3.1 Theoretical Framework 20

CHAPTER THREE: METHODOLOGY 

3.1 Area of Study22

3.2 Research Design 22

3.3 Population, Sample size and Sampling Techniques 22

3.4 Sources of Data and Data Collection Method22

3.5 Research Instruments22

3.5.1 Reliability of the Instrument23

3.5.2 Validity of Instrument 23

3.6 Re-statement of Hypotheses23

3.6.1 Model Specification23

3.9 Method of Data Analysis24

CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS

4.1 Data Presentation and Analysis25

4.2 Test of Hypothesis32

4.3 Discussion of Findings33

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS 

5.1 Summary35

5.2 Conclusion 35

5.3 Recommendations 35

5.4 Contribution to Knowledge 36

5.5 Limitation of the Study36

5.6 Suggestion for further study 37

References38

ABSTRACT

This study examined government expenditure in Nigeria and its impact on the Nigerian economy. The aim was to identify the extent of impact by which the two ways of expenditure (recurrent and capital/investment) by the government are being spend. The study adopted ex-post facto research design. It used annual time series data extracted from the Central Bank Nigeria statistical bulletin and annual report. The used descriptive statistics with multiple regression techniques of the ordinary least square(OLS) where gross domestic product is the dependent variable, responsive to capital expenditure, recurrent expenditure and money supply. The regression results showed that government expenditure (capital and recurrent) and broad money supply has positive linear relationship with economic growth in Nigeria.