Purpose:
This paper examined the potential of domestic industrial output on economic growth in Nigeria.
Approach/ Methodology/ Design: An Autoregressive Distributed Lag (ARDL) model procedure was employed for data analysis.
Findings: The results revealed that the contribution of the domestic industrial output to economic growth was appalling which was necessitated by the worrisome image of “Made-in-Nigeria” goods. It was also showed that the results that domestic industrial output and domestic savings have positive relationships with real gross domestic product (RGDP) in the long run. This implies that a rise in the level of each of domestic output and domestic savings necessitated an increase in real gross domestic product (RGDP).
Practical Implication: The implication presented in this study is related to the concerned authorities. The results indicate the need for diverse domestic production in order to achieve a healthy competition in the industrial sector in the country.
Originality/Value: The study innovates by employing various statistical tools for exploring the effect of domestic industrial output on economic growth. The significant contribution of this study is in identifying that domestic production in Nigeria has been lagged behind in terms of output performance in the economy.
Purpose: The paper examined the determinants of fiscal behavior of subnational governments in Nigeria between 1981 and 2020.
Approach/Methodology/Design: An Augmented Autoregressive Distributed Lag (ARDL) bounds test for cointegration which involves an extra F-test on the lagged level variables in the ARDL equation was employed.
Findings: The results reveal that finances of the lower level of governments in Nigeria have not been managed optimally as there appeared a misplaced priority in terms of government outlay.
Practical Implications: The implication presented in this paper is meant for the concerned authorities. The results indicate the need for the subnational governments in Nigeria to cut the overhead costs of governance by reducing the frivolous expenditures in order to curtail the incessant borrowing habit of these tiers of government locally and internationally.
Originality/value: Despite the fact that factors determining subnational fiscal behavior have been approached from diverse ideological and methodological perspectives, yet, the challenges linger on, the paper, therefore, employed sophisticated econometric technique to examine why the finances of the lower level of governments in Nigeria have not been managed optimally.
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