Redirigiendo al acceso original de articulo en 19 segundos...
ARTÍCULO
TITULO

Government Spending Pattern and Macroeconomic Stability in Nigeria: A Vector Autoregressive (VAR) Model

Joseph I. Amuka    
Miracle O. Ezeoke    
Fredrick O. Asogwa    

Resumen

Macroeconomic stability has not kept pace with the pattern of Public sector spending in majority of the developing countries. Unfortunately, past studies have mainly focused on the consequences of aggregate government spending on macroeconomic variables, or at most disaggregated government spending into capital and recurrent. In order to use government spending to effectively bring macroeconomic stability in developing countries, government spending must be decomposed according to sectors. Only very few studies have done this. We made effort to find out the components of government spending that cause macroeconomic instability in Nigeria, using Vector Autoregressive (VAR) Model. Result reveals government capital expenditure on economic services is the major cause of inflation in Nigeria. Impulse response function shows inflation will respond very sharp and positively to any shock in government capital spending in economic sector and social and community services. Therefore, if government must pursue economic stability through inflation control, she must re-examine her investment in those sectors.Keywords: Government, Spending, Pattern, Macroeconomic, StabilityJEL Classifications: H5, E6

 Artículos similares

       
 
Alifiya Sandyah Putri, Priyo Hari Adi     Pág. 1677 - 1689
The authority of local governments in regulating PBB-P2 is regulated in Law Number 28 of 2009 concerning regional taxes and regional levies. The government requires by 2014 that all districts and cities in Indonesia carry out their obligations to regulat... ver más

 
Shiv Shankar(1), Pushpa Trivedi(2), (1) Department of Statistics and Information Management, Reserve Bank of India, Mumbai, India (2) Department of Humanities and Social Sciences, Indian Institute of Technology Bombay, Mumbai, India     Pág. 92 - 108

 
Mbulaheni Albert Dagume     Pág. 86 - 95
Poverty is an emerging issue that is being debated upon in both developed and developing countries, including South Africa. This research investigates the factors that affect poverty in South Africa, as well as the theoretical connections between poverty... ver más

 
Temitope L. Leshoro    
AbstractOrientation: The weak economic growth experienced by South Africa in the face of increased government spending is a concern.Research purpose: Investigating different components of government spending helps to observe their relationships with econ... ver más

 
Wahyudi Wahyudi     Pág. 84 - 88
This study aims to analyze and verify the relationship between government spending and economic growth. This relationship has been a hot topic for debate among economists, with plenty of research done and being done upon it. This particular study uses pa... ver más