The relevant impact of money supply and government expenditure on economic growth in Nigeria (1970 - 2010)

Type Thesis
Faculty Administration
Course Economics
Price ₦4,000
Key Features:
- No of Pages: 102

- No of Chapters: 05
Introduction:

Abstract

ABSTRACT

This study investigates the relative impact of money supply and government expenditure on economic growth in Nigeria. In order to achieve the objectives, we proposed and specified models with parameters, which were estimated and used to test the hypothesis on relative impact of money supply vis-à-vis government expenditure. The Beta Coefficients techniques were employed to analyze the data. The empirical result showed that the impact government expenditure are relatively more effective compared with money supply on economic activities. That government expenditure impact more significantly and stably on economic activities than money supply. During the economic/financial meltdown, it is of note that government expenditure also impact more significantly than money supply in stabilizing economic activity and aggregate output (GDP). The emphasis on fiscal action of the government has led to greater distortion in the Nigerian economy. The role of fiscal policy can be more effective for enhancing economic growth by eliminating corruption, leakages of resources and inappropriate use of resources. However, the combination and harmonization of both money supply and government expenditure are highly recommended.

Table of Content

TABLE OF CONTENTS

Title Page

Title Page i

Certification ii

Dedication iii

Acknowledgements iv

Abstract v

Table of Contents vi-viii

List of Tables ix



CHAPTER ONE: INTRODUCTION

1.1 Background to the Study 1

1.2 Statement of the Problem 4

1.3 Objectives of the Study 7

1.4 Research Hypothesis 7

1.5 Significance of the Study 8

1.6 Scope of the Study 10

1.7 Organization of the Study. 10

1.8 Stylized Facts on Monetary and Fiscal Policies in Nigeria 11



CHAPTER TWO: LITERATURE REVIEW

2.1 Conceptual Issues 20

2.2 Review of Theoretical Literature 26

2.3 Empirical Literature 35

2.4 Theoretical Framework. 48



CHAPTER THREE: METHODOLOGY

3.1 Research Methodology 53

3.2 Sources of Data 54

3.3 Model Specification 54

3.4 Estimation and Evaluation Procedures 56



CHAPTER FOUR: EMPIRICAL ANALYSIS

4.1 Data Analysis 58

4.2 Presentation of Results 59

4.3 Hypothesis Testing 61

4.4 Interpretation of Results 63

4.5 Policy Implications of Findings. 69



CHAPTER FIVE: SUMMARY, CONCLUSION AND

RECOMMENDATIONS

5.1 Summary of Major Findings 73

5.2 Conclusion 76

5.3 Policy Recommendations 77

5.4 Limitations and Suggestions for Future Studies. 79



References 81

Appendix 91

Introduction

The introduction of this research is only available in the paid version.
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