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IMPACT OF GOVERNMENT SECTORIAL EXPENDITURE ON THE ECONOMIC GROWTH OF NIGERIA

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Author(s): Ebiringa | Oforegbunam Thaddeus | Charles-Anyaogu Nneka B

Journal: International Journal of Economics and Research
ISSN 2229-6158

Volume: 03;
Issue: 06;
Start page: 82;
Date: 2012;
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Keywords: Error correction model | Education | Cochrane-Orcutt | telecommunication | Economic Growth | Government expenditure | Health

ABSTRACT
Government expenditures remain the bedrock of Nigeria’s economic growth. Hence the need to criticallyevaluate the impact of expenditures’ some priority sectors on the economic growth. A Cochrane-Orcutt and ECM method was adopted to measure the long run effect of selected macroeconomic variables economic growth. The result shows that expenditure on telecommunication, Defence and security, Education and Health Sector have made positive impact on Nigeria’s economic growth. But transportation and agricultural expenditures have impacted negatively in the economic growth in Nigeria. The conclusion therefore is that the level of government expenditures for transportation and agricultural development is still not adequate to build the much need capacity in the sectors to impact positively to economic growth
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