oa South African Journal of Economic and Management Sciences - Public expenditure and economic growth in a petroleum-based economy: Nigeria 1960-1992
|Article Title||Public expenditure and economic growth in a petroleum-based economy: Nigeria 1960-1992|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Affiliations||1 Department of Economics, University of Uyo, Nigeria|
|Publication Date||Sep 1999|
|Pages||374 - 389|
|Keyword(s)||Agricultural expenditure, Communication, Construction, Developing countries, Economic growth, Economics, Education expenditure, Efficiency, GDP, Governments, Gross Domestic Product, Health expenditure, JEL, Monetary policies, Nigeria, O 41, Petroleum, Petroleum-based economies, Private investments, Public expenditure, Regulations and Transportation|
ISI Social Science
The study analyses the contribution of government expenditure to the economic growth process in Nigeria over the period 1960-1992. The results indicate that public expenditures on transport, communication and agriculture crowd-in private investment, while public spending on manufacturing and construction crowd-out private investment. Also, expenditures on education and health have a positive influence on private sector investment. Government must continue to perceive the creation of an enabling environment, at the least, as its own contribution to the economic growth process.
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