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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.
|1.||Ph.D (Economics)||Department of Economics, University of Ibadan||2015|
Impact of Government Size on Economic Growth in Nigeria
As the size of the federal government expands in tandem with debt, economic growth rather looks gloomy despite the country’s emergence from two recessions in four years. Although the situation provokes studies with robust outcomes, however, there is no convergence in findings. As such, in the attempt to contribute to the empirics, this paper examines the impact of government size on economic growth using the Johansen co-integration technique on time series data covering the period from 1981 to 2020. A long-run relationship is affirmed as transfers cause growth and growth causes social and community services, while a no-causality is established between growth and every other component of expenditure. Nonetheless, social and community services impact growth negatively even as each of economic services and transfers promotes growth in the country. Thus, with disaggregated recurrent expenditure, as government size impacts positively in some period, it also displays negative influence on economic growth, in another period in Nigeria. In effect, more budgetary allocation is suggested for economic services.
KOLAWOLE BASHIR is a Senior Lecturer at the Department of Economics
KOLAWOLE has a Ph.D in Economics from Department of Economics, University of Ibadan