The vast literature on endogenous growth theory suggests that fiscal policy can either promote or retard economic growth through its impact on decisions regarding investment in physical and human capital. In particular,increased spending on education, health, infrastructure, and research and development can boost long term growth. H 0 2:there is no significant relationship between fiscal policy and economic development in Nigeria. The purpose of this paper is to examine the long-term impacts of fiscal variables on H 1: Monetary policy has a significant effect on inflation in Nigeria. The scope of this study will cover the period 1981-2015. By adjusting its level of spending and tax revenue, the government can affect the economy by either increasing or decreasing economic activity in the short term. This investigates the three elements of fiscal policy (1) government spending, taxation and the other source of revenue which finance public spending and the resulting budget deficit or surplus which occurs wherever government expenditure does not exactly equal revenue. Majority of studies in this area have however, … Results obtained showed that there is a difference in the effectiveness of fiscal policy in stimulating economic growth during and after regulation periods. 3. CHAPTER ONE. Folawemo and Osinubi (2006) examine the efficacy of monetary policy in controlling inflation and exchange rates instability. Sriyalatha M.A.K. FISCAL POLICY INSTRUMENTS ON ECONOMIC GROWTH IN NIGERIA: 1970-2013 SHEHU BALARABE MIJINYAWA 20124844 THESIS SUPERVISOR: ASSIST. The main objective is to analysis how various components of fiscal policy have contributed to the growth rate of the Nigerian economy. An important question thus arises: since taxation is an important fiscal policy instrument for domestic resource mobilisation and economic growth, is Nigeria’ tax effort optimal for the desired impact on economic growth? kumuduni@sjp.ac.lk1, htorii@meijo-u.ac.jp2 Abstract . Impact of fiscal policy on economic growth: A comparison between Singapore and Sri Lanka . This work is set to do a thorough assessment of the impact of fiscal policy on Nigeria economic growth. H 0:fiscal policy does not have any significant impact on the economic growth of Nigeria. THE IMPACT OF FISCAL POLICIES IN STABILIZATION OF THE NIGERIAN ECONOMY CHAPTER ONE. The result of this study does not support the assertion that a tight monetary policy coupled with a contractionary fiscal policy will engender natural rate of growth of the Nigerian economy. To investigate the impact of monetary policy on economic growth in Nigeria. However, the study further revealed that fiscal policy measures are more effective in gearing economic growth in Nigeria. economic growth in Nigeria. The major objective of this research study is to assess fiscal-monetary policy interaction and growth dynamics in Nigeria. This study involves comparative analysis of the impact of fiscal policy on economic growth in Nigeria during regulation and deregulation periods. Econometric analysis of time series data from Central Bank of Nigeria was conducted. 2. Other specific objectives are: 1. examined the effects of fiscal policy on growth of the Nigerian economy =0(1970-2002). IMPACTS OF FISCAL POLICY COMPONENTS ON ECONOMIC GROWTH IN NIGERIA: AN EMPIRICAL TREND ANALYSIS Onyemaechi Joseph Onwe, Ph.D School of Management Sciences National Open University of Nigeria Abstract The role of fiscal policies in the development of emerging economies has been a major source of concern in economic literature. Fiscal Policy: Economic Effects Fiscal policy is the means by which the government adjusts its spending and revenue to influence the broader economy. LITERATURE REVIEW 2.1. ABSTRACT: Most industrialized countries over the years have passed through the agrarian era. The effects of fiscal policy on economic growth vary depending upon the resources of the country, space, population, government expenditure, and revenues. Annual data covering 1977 ... evidence for the positive impact of fiscal policy on economic growth. Key words: fiscal policy, economic growth, government budget constraint JEL codes: E62, O40, C20 Introduction Theoretical and empirical studies from the literature envisage the fact that between fiscal policy promoted by the governments and economic growth process could be a connection, but, this is an ambiguous one, from the perspective of its strength and its length. Download the full project work below in an doc editable format. H 1:fiscal policy does have a significant impact on the economic growth of Nigeria. The result showed that capital expenditure as a ratio of GDP (used as proxy for public investment) exerted a negative impact on output growth by having a crowding-out … Impact of fiscal policy on Nigeria economic growth within the period of 1981-2016. increases in monetary policy rate (MPR) to cut down on inflation have a depressing impact on the economy. THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY. Econometric analysis of time series data from Central Bank of Nigeria was conducted. In fact, the industrial sector takes its roots from the agricultural sector. Unit roots of the series were examined using the . The specific objectives are; 1) To examine the relationship between money supply and real economic growth in Nigeria. A recent interest in macroeconomic policies (fiscal and monetary policy) as a mechanism for achieving economic growth in Nigeria is fueled by the recent fall in the government revenue which is as a result of a fall in the international prices of oil. The key variables used in this analysis are gross domestic product (GDP), distortionary taxation (DT), nondistortionary taxation (NDT), l- a- bor force participation rate (LFP), interest rate (IR), defense expenditures (DFEXP) and trade openness (TOP). PROF. DR. ERGIN AKALPLER NICOSIA (2015) NEAR EAST UNIVERSITY GRADUATE SCHOOL OF SOCİAL SCİENCES Economics Master Programme Thesis Defence Thesis Title: An Assessment of the Significant Impact of Fiscal Policy Instruments on Economic Growth in Nigeria… H o: Monetary policy does not have a significant effect on inflation in Nigeria. 1.0INTRODUCTION. PERFORMANCE AS AN ENGINE FOR ECONOMIC GROWTH IN NIGERIA Raymond A. Ezejiofor Department of Accountancy ... Zhattau, (2013) on Fiscal Policy as an Engine of Economic Growth in Nigeria review the effect of fiscal policy in Nigeria. In Africa Sikiru et al (2010) investigated the impact of fiscal policy on economic growth in Nigeria. Ben Bouzian and Chibi ( 2007 ) show that public expenditure created a positive effect on real GDP in the short run, but in the medium run, a negative effect prevailed. Secondary data wereused for the study and were sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin 2016 edition. This implies testing the effects of monetary and fiscal policy on economic growth and development taking into accounts the structure of monetary and fiscal policies. In other words, most past developing countries’ studies focused on the effect of government deliberate monetary and fiscal policies on economic growth and development while ignoring, the fundamentals of both tools. The study involves comparative analysis of the impact of fiscal policy on economic growth in Nigeria during regulation and deregulation periods. This study investigated the impact of fiscal and monetary policy on Nigerian economic growth from 1981 to 2015, with the interest in exploring which of fiscal or monetary policy has been effective in propelling economic growth in Nigeria and how GDP growth responds to the monetary and fiscal policy shock. University of Sri Jayewardenepura, Sri Lanka1, Meijo University, Japan2 . To examine the effect of fiscal policy on economic growth in Nigeria. This study was guided by the research question: to what extent does monetary policy impact on economic growth of Nigeria and the main objective of the study is to examine the effectiveness of monetary policy in the Nigerian economy with the specific objective of assessing the impact of monetary policy instruments on economic growth of Nigeria 2.0. The general objective of the study is to look at the impact of fiscal and monetary policy on the economic growth of Nigeria. This study examined the impact of fiscal policy on the economic growth of Nigeria for the period of 1980 – 2012. This study investigated the impact of fiscal policy on economic growth by using time series data period from 1980 to 2014. The impact of this policy varies from one country to another due to the level of advancement and technological know-how on their institution that participates on the fiscal policy such institution like central Banks, Financial Houses and the Stock Exchange market. Despite the lofty place of fiscal policy in the management of the economy, the Nigerian economy is yet to come on the path of sound growth and development. The study investigates the impact of fiscal policy on economic growth in Nigeria. 1.1 BACKGROUND TO THE STUDY. The growth and stabilization of the Nigerian economy has not been stable over the years as a result, the country’s economy has witnesses so many shocks and disturbances both internally and externally over the decades. Monetary Policy and Economic Growth in Nigeria: A Critical Evaluation Dr. Adigwe, P. K.1 Echekoba F.N, ... Monetary policy co-operant factors have significant impact on economic growth in Nigeria. The effect H0: Fiscal deficits have no significant impact on economic growth in Nigeria. Therefore, in line with the above objectives the follow-ing hypotheses are presented. In a developing The Impact of Monetary Policy on the Economic Growth of Nigeria Nwoko, Nnenna M. Department of Banking and Finance Micheal Okpara University of Agriculture, Umudike Abia State, Nigeria E-mail: conwoko2002@yahoo.com Ihemeje, J. C. Department of Banking and Finance Micheal Okpara University of Agriculture, Umudike Abia State, Nigeria & Anumadu, E. Department of Banking and Finance Micheal … the level of economic growth in Nigeria was found to be unstable over the years of study which indicated no long run relationship. IMPACT OF FISCAL POLICY ON THE GROWTH OF AGRICULTURAL SECTOR IN NIGERIA, 1981-2013 Okoh, Abo Sunday Department of Economics, Federal University Wukari, Nigeria. Ogbole, Amadi and Essi (2011) wrote on fiscal policy: its impact on economic growth in Nigeria (1970-2006). H1: Fiscal deficits have significant impact on economic growth in Nigeria. Abstract – This research studied the impact of monetary policy on the growth of the manufacturing sector in Nigeriafrom 1980- 2016. Although monetary and fiscal policy variables have a dominant effect on economic activity, it is clear from this study that economic activity is dominated by its own dynamics in most of the periods. The study adopted time series econometrics analysis and descriptive statistics to determine the impact of fiscal policy on Nigeria’s economic growth. 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