Title:
AN ECONOMETRIC SCRUTINY OF THE IMPACT OF PUBLIC EXPENDITURE ON ECONOMIC GROWTH IN NIGERIA FROM 1970 -2013

Authors:
Past. Prof. Abomaye-nimenibo, Williams Aminadokiari Samuel, Willie Ndarake Nkanor, Nigeria

Abstract:

This study examines econometrically the impact of public (government) expenditure on economic growth in Nigeria. We carry out ex-post facto research since it had already arisen, and the judgmental sampling technique was used with a sample of forty-three (43) for the years 1970 - 2013. A premeditated collection procedure with a non-probabilistic sampling technique was used as an instrument of data collection. Hypotheses were framed to guide the study, and in data analysis, we use a t-test, F-test and other econometric statistical tools such as the unit root. Our findings revealed that Public or Government expenditure has a significant effect on the economic growth of Nigeria. We recommend that the government increase its expenditure on Capital expenditure, especially on rural roads, industries, and electricity generation, which will accelerate the growth rate in the productive sector of the economy and raise the standard of living in Nigeria.