Meet KOLAWOLE OLAYINKA BASHIR, an Academic Staff of Lagos State University.
Public Finance
Professor
Economics
At the Economics department office
Appointment on Visitation important
Topic: Public Finance
Description: Research in Public Finance, an aspect of Public Sector Economics, entails indepth search and analysis of how government generates and spends money. Basically, it is concerned with fiscal policy of the government, and it surrounds all activities relating to government revenue e.g. taxation and borrowing and expenditure capital and recurrent . Furthermore, the research covers National Development Plans in relation to annual fiscal budget, as well as perspective plans of the government. In essence, research and analysis in public finance ultimately sensitizes government on policy issues that affect the growth and development of the economy.
| # | Certificate | School | Year |
|---|---|---|---|
| 1. | Ph.D (Economics) | Department of Economics, University of Ibadan | 2015 |
Revenue, Expenditure and Economic Growth Relationship in Nigeria: Further Evidence
This paper examines the relationship subsisting among revenue, expenditure, and economic growth in Nigeria using the causality and ECM methodologies for the period 1981-2020. The Johansen technique affirms a long-run relationship as causality is revealed to run from oil revenue to capital expenditure, as well as, from oil revenue, non-oil revenue, capital and recurrent expenditures to economic growth. Moreover, while non-oil revenue impacts positively on economic growth contemporaneously, the ECM outcome further shows that it is the immediate past values of oil revenue and recurrent expenditure that drive economic growth in the current year. Thus, despite multiple breakpoints, it speaks to the fact that, as revenue causes expenditure, economic growth is propelled by revenue and expenditure. In other words, a positive relationship subsists among revenue, expenditure, and economic growth in Nigeria. However, in the quest for improved growth, the government should deploy oil revenue as its main channel for financing capital expenditure.Keywords: causality; co-integration; economic growth; expenditure; revenue
KOLAWOLE BASHIR is a Professor at the Department of Economics
KOLAWOLE has a Ph.D in Economics from Department of Economics, University of Ibadan
