FISCAL OPERATIONS, ECONOMIC GROWTH AND WELFARE: INSIGHTS INTO NIGERIA
| dc.contributor.author | Umar, Elems Mahmoud | |
| dc.contributor.author | Yusuf, Abdullahi Ogwuzebe | |
| dc.date.accessioned | 2023-12-11T13:19:53Z | |
| dc.date.available | 2023-12-11T13:19:53Z | |
| dc.date.issued | 2018-12-02 | |
| dc.description.abstract | The cardinal objective of government is to maximise the welfare of fhe citizenry. Success in the achievement of this objective is premised on the ability of government to develop the requisite capacity to provide the needed infrastructure designed to propel increases in the fundamentals ofeconomic growth. In this wise, the employment of sound fiscal policies ensures that the overall macroeconomic objective of rapid growth, among others, is achieved. Interestingly, fiscal operations provide the platform for the dynamics of efficient implementation offiscal policy, without which imbalances leading to crises can develop. Flowing from the plethora of theoretical literature, it has been suggested that a nexus exists between economic growth, proxied by gross domestic product (GDP), and government fiscal operations (typified by taxation, external debt and aggregate capital expenditure). Unfortunately not much had been done empirically to establish the relationship between fiscal policy instrumental variables (tax revenue, external debt and capital expenditure) and GDP, in Nigeria, during the period 200Q-2015. Using time series data on the. variables, regression analysis, Ordinary Least Squares, was performed, to ascertain the aprori relationship. The results of the findings provide evidence of a strong positive relationship between economic growth and the nature of fiscal operations in Nigeria during the study period. Accordingly; it was recommended that government Jiscal operations should focus extensively on tax revenue generation, since revenue was the most significant contributor to economic growth. | en_US |
| dc.identifier.citation | Olusi, J.C. & Abiola, A.G. (1998). “The growth and structure of public revenue in ' Nigeria, 1970-1994”, Ife: Social Sciences Review, Faculty of Social Science, ObafemiAwolowo University, Vol. 15,No.l. Okoduwa, A.R. (1997). Introduction to International Finance and Policy, Benin City: • INESTI Bureau Publishing. Philips, D. (1991). “Formulation of effective tax policy”, Lagos: Paper Presented at the National Workshop on Review> ofthe Tax System and Administration. Ros.tow, W.W. (1960) The Stages of Economic Growth, a Non-Communist Manifesto, Cambridge University Press. Spiegel, M.R. & Stephens, L. (2008). Statistics, 4/ed, New York: The McGraw-Hills Book Company. | en_US |
| dc.identifier.uri | https://keffi.nsuk.edu.ng/handle/20.500.14448/2612 | |
| dc.language.iso | en | en_US |
| dc.publisher | Department of Public Administration, Nasarawa State University, Keffi. | en_US |
| dc.subject | Fiscal Operations, Economic Growth, GDP, Welfare, Fiscal Policy. | en_US |
| dc.title | FISCAL OPERATIONS, ECONOMIC GROWTH AND WELFARE: INSIGHTS INTO NIGERIA | en_US |
| dc.type | Article | en_US |