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. Econometric analysis of time series data from Central Bank of Nigeria was conducted. In particular,increased spending on education, health, infrastructure, and research and development can boost long term growth. Munongo Simon, Int. 2. 1 and Torii H.2 . 2) To examine the relationship between interest rate and real economic growth in Nigeria. The study investigates the impact of fiscal policy on economic growth in Nigeria. the level of economic growth in Nigeria was found to be unstable over the years of study which indicated no long run relationship. Sriyalatha M.A.K. The effect Secondary data wereused for the study and were sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin 2016 edition. The study involves comparative analysis of the impact of fiscal policy on economic growth in Nigeria during regulation and deregulation periods. The scope of this study will cover the period 1981-2015. 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. kumuduni@sjp.ac.lk1, htorii@meijo-u.ac.jp2 Abstract . H 0:fiscal policy does not have any significant impact on the economic growth of Nigeria. The study adopted time series econometrics analysis and descriptive statistics to determine the impact of fiscal policy on Nigeria’s economic growth. The specific objectives are; 1) To examine the relationship between money supply and real economic growth in Nigeria. 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. Annual data covering 1977 – 2009 were utilized. Unit roots of the series were examined using the . 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… This study uses secondary data which were obtained from the Statistical Bulletin of the Central Bank of Nigeria (CBN) covering the period from 1985 to 2015. 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. Annual data covering 1977 ... evidence for the positive impact of fiscal policy on economic growth. The main objective is to analysis how various components of fiscal policy have contributed to the growth rate of the Nigerian economy. 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. 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. Omojimite and Iboma (2012) on their paper focused on Fiscal Deficit and the Productivity of the Nigeria Tax System, 1970-2010. 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. 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. FISCAL POLICY INSTRUMENTS ON ECONOMIC GROWTH IN NIGERIA: 1970-2013 SHEHU BALARABE MIJINYAWA 20124844 THESIS SUPERVISOR: ASSIST. To investigate the impact of monetary policy 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. Government expenditure, revenue and budget deficit financing will be used as fiscal policy instruments. CHAPTER ONE. The effects of fiscal policy on economic growth vary depending upon the resources of the country, space, population, government expenditure, and revenues. To examine the effect of fiscal policy on economic growth in Nigeria. THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY. 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. Other specific objectives are: 1. INTRODUCTION. examined the effects of fiscal policy on growth of the Nigerian economy =0(1970-2002). Download the full project work below in an doc editable format. In fact, the industrial sector takes its roots from the agricultural sector. Folawemo and Osinubi (2006) examine the efficacy of monetary policy in controlling inflation and exchange rates instability. This study involves comparative analysis of the impact of fiscal policy on economic growth in Nigeria during regulation and deregulation periods. LITERATURE REVIEW 2.1. 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. The analysis performed was For the Keynesians, fiscal policy refers to the manipulation of taxes and public spending to influence aggregate demand. In a developing 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. (ii) Derive some policy suggestions according to the findings. Therefore, in line with the above objectives the follow-ing hypotheses are presented. H0: Fiscal deficits have no significant impact on economic growth in Nigeria. 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? Econometric analysis of time series data from Central Bank of Nigeria was conducted. The general objective of the study is to look at the impact of fiscal and monetary policy on the economic growth of Nigeria. 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. Fiscal Policy: Economic Effects Fiscal policy is the means by which the government adjusts its spending and revenue to influence the broader economy. THE IMPACT OF FISCAL POLICIES IN STABILIZATION OF THE NIGERIAN ECONOMY CHAPTER ONE. 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. This study examined the impact of fiscal policy on the economic growth of Nigeria for the period of 1980 – 2012. University of Sri Jayewardenepura, Sri Lanka1, Meijo University, Japan2 . ABSTRACT: Most industrialized countries over the years have passed through the agrarian era. 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). However, the study further revealed that fiscal policy measures are more effective in gearing economic growth in Nigeria. This study investigated the impact of fiscal policy on economic growth by using time series data period from 1980 to 2014. In Africa Sikiru et al (2010) investigated the impact of fiscal policy on economic growth in Nigeria. The study concluded that government authorities could use fiscal policy to affect economic growth in an indirect manner. H o: Monetary policy does not have a significant effect on inflation in Nigeria. The Nigeria economy has been experiencing over the years the problems of unemployment, price level instability, lack of sustainable economic growth, balance of payment disequilibrium, inability to mobilize domestic saving and unsatisfactory expansion of domestic output. The major objective of this research study is to assess fiscal-monetary policy interaction and growth dynamics in Nigeria. Results obtained showed that there is a difference in the effectiveness of fiscal policy in stimulating economic growth during and after regulation periods. 1.0INTRODUCTION. H 1: Monetary policy has a significant effect on inflation in Nigeria. Majority of studies in this area have however, … 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. H 0 2:there is no significant relationship between fiscal policy and economic development in Nigeria. 1.1 BACKGROUND TO THE STUDY. Impact of fiscal policy on economic growth: A comparison between Singapore and Sri Lanka . Price and Output Growth in Nigeria 1Yakubu ... government revenue have more positive impact on price and economic growth in Nigeria specifically in the long run, thus some time with lag. 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 … Impact of fiscal policy on Nigeria economic growth within the period of 1981-2016. The purpose of this paper is to examine the long-term impacts of fiscal variables on Ogbole, Amadi and Essi (2011) wrote on fiscal policy: its impact on economic growth in Nigeria (1970-2006). increases in monetary policy rate (MPR) to cut down on inflation have a depressing impact on the economy. This work is set to do a thorough assessment of the impact of fiscal policy on Nigeria economic growth. H 1:fiscal policy does have a significant impact on the economic growth of Nigeria. IMPACT OF FISCAL POLICY ON THE GROWTH OF AGRICULTURAL SECTOR IN NIGERIA, 1981-2013 Okoh, Abo Sunday Department of Economics, Federal University Wukari, Nigeria. This study investigated the effect of fiscal policy on economic growth in Nigeria. 3. 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. fiscal policy exerts a greater impact on economic activity in Nigeria and concluded that emphasis on fiscal action by the government has led to greater distortion in the Nigerian economy. 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. 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. 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. 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 … H1: Fiscal deficits have significant impact on economic growth in Nigeria. 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