An Assessment of the Effect of Capital and Recurrent Expenditure on Economic Growth in Nigeria
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Date
2015
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Journal ISSN
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Publisher
Faculty of Management Sciences, University of Ilorin, Ilorin
Abstract
Government oftentimes uses expenditure to control the economy. The study assesses the effect of government expenditure on economic growth of Nigeria over a period of thirty two years, that is, 1981-2013. Total capital expenditure and total recurrent expenditure were used as proxy for government expenditure while economic growth was proxied by gross domestic product. The data used for analysis were obtained from the Central Bank of Nigeria (CBN) statistical bulletin...
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Keywords
Public expenditure, government funds, Economic growth, Nigeria & Private accounts