The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria

In the literature neither taxes, government spending nor deficits are robustly correlated with economic growth when evaluated individually. The lack of correlation can emerge from the inability of any single budgetary factor to completely capture the stance of fiscal policy. Confirming the findings...

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Main Author:	Yusuf, Abdul Karim
Format:	Thesis
Language:	English
Published:	2021
Subjects:	HG4501-6051 Investment capital formation speculation
Online Access:	http://eprints.usm.my/51614/1/ABDULKARIM%20YUSUF%20-%20TESIS.pdf
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id	my-usm-ep.51614
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spelling	my-usm-ep.516142022-02-22T07:43:52Z The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria 2021-03 Yusuf, Abdul Karim HG4501-6051 Investment, capital formation, speculation In the literature neither taxes, government spending nor deficits are robustly correlated with economic growth when evaluated individually. The lack of correlation can emerge from the inability of any single budgetary factor to completely capture the stance of fiscal policy. Confirming the findings of previous literature, thus allowing for a more in-depth disaggregation of fiscal policy variables, this thesis, focused on the pair-wise combination of fiscal indicators, investigated the effect of fiscal policy on private investment and economic growth in Nigeria using annual data from 1980 to 2017. Although studies on the linear relationship between fiscal policy variables and economic growth have been developed in the past, the empirical strategy of the current research departs from this approach and explored the symmetrical and asymmetrical effects of the variables tested using linear and nonlinear ARDL methods to assess the presence or otherwise of any long-term relationship and the direction of causality between them. Based on empirical evidence, direct taxes prompted a significant negative effect on private investment and economic growth, while indirect taxes produced a significant positive impact on private investment and economic growth. Recurrent expenditure decelerated private investment but stimulated growth, while capital expenditure encouraged private investment but suppressed economic growth. For disaggregated public debt, domestic debt was associated with an insignificant positive impact on private investment and a significant adverse effect on growth. 2021-03 Thesis http://eprints.usm.my/51614/ http://eprints.usm.my/51614/1/ABDULKARIM%20YUSUF%20-%20TESIS.pdf application/pdf en public phd doctoral Perpustakaan Hamzah Sendut Pusat Pengajian Sains Kemasyarakatan
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	HG4501-6051 Investment capital formation speculation
spellingShingle	HG4501-6051 Investment capital formation speculation Yusuf, Abdul Karim The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria
description	In the literature neither taxes, government spending nor deficits are robustly correlated with economic growth when evaluated individually. The lack of correlation can emerge from the inability of any single budgetary factor to completely capture the stance of fiscal policy. Confirming the findings of previous literature, thus allowing for a more in-depth disaggregation of fiscal policy variables, this thesis, focused on the pair-wise combination of fiscal indicators, investigated the effect of fiscal policy on private investment and economic growth in Nigeria using annual data from 1980 to 2017. Although studies on the linear relationship between fiscal policy variables and economic growth have been developed in the past, the empirical strategy of the current research departs from this approach and explored the symmetrical and asymmetrical effects of the variables tested using linear and nonlinear ARDL methods to assess the presence or otherwise of any long-term relationship and the direction of causality between them. Based on empirical evidence, direct taxes prompted a significant negative effect on private investment and economic growth, while indirect taxes produced a significant positive impact on private investment and economic growth. Recurrent expenditure decelerated private investment but stimulated growth, while capital expenditure encouraged private investment but suppressed economic growth. For disaggregated public debt, domestic debt was associated with an insignificant positive impact on private investment and a significant adverse effect on growth.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Yusuf, Abdul Karim
author_facet	Yusuf, Abdul Karim
author_sort	Yusuf, Abdul Karim
title	The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria
title_short	The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria
title_full	The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria
title_fullStr	The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria
title_full_unstemmed	The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria
title_sort	impact of fiscal policy on private investment and economic growth in nigeria
granting_institution	Perpustakaan Hamzah Sendut
granting_department	Pusat Pengajian Sains Kemasyarakatan
publishDate	2021
url	http://eprints.usm.my/51614/1/ABDULKARIM%20YUSUF%20-%20TESIS.pdf
_version_	1747822088045985792

The Impact Of Fiscal Policy On Private Investment And Economic Growth In Nigeria

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