Economic Growth and Labour Market Dynamics in Nigeria: Further Evidence from ARDL Bound Testing

Shuaibu, Mukhtar; Abdullahi, Shafiu Ibrahim; Yusuf, Muhammad Muazu; Yusufu, Mustapha

doi:10.47752/sjef.41.35.40

Cited by 1 publication

(2 citation statements)

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“…The result shows that government capital spending impacts negatively on inflation. Shuaibu, Yusufu, Abdullahi, Shehu, Adamu study the factors that explain economic growth in Nigeria between 1989 and 2019 [15]. Their findings show that government expenditure is among the important factors that explained economic growth in Nigeria.…”

Section: Literature Reviewmentioning

confidence: 98%

“…Thus, the findings show that government expenditure, money supply and interest rate are major determinants of unemployment rate in Nigeria since they were found to be statistically significant. Shuaibu, Abdullahi, Yusuf, and Yusufu measure labour market dynamics in Nigeria focusing on the relationship between economic growth and unemployment [15]. The result shows that there is positive relationship between unemployment and economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

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Public expenditure profile and Economic dynamism in Nigeria: A quasi general equilibrium analysis

2022

JERR

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Government expenditure plays a strategically important role in economic growth and development of nations. Its contributions includes boosting economic growth, employment generation, increase in income, higher standard of living, reduction in income inequalities, increasing private initiative and boosting of regional balance. This paper studies the effects of government expenditure on inflation, unemployment, consumption and investment by analyzing four different models. The paper asks the question of what happens after government expenditure? Is the effect of government expenditure on selected variables of interest positive or negative? What shall government do to ensure that its own expenditure profile is development oriented not otherwise? The methods of analysis used for the study are ARDL Error Correction Model and Granger causality test using data for the period 1981 to 2020. Diagnostic tests that include lag order selection test and ADF stationarity test were conducted. The long run results show that both recurrent and capital expenditures have negative effects on inflation but positive effects on investment. The results also show that capital expenditure contribute to reducing unemployment. The long run result also show negative effects of both types of expenditures on consumption. But the results of the short run analysis show that both types of expenditures have positive effects on consumption. They also have positive effects on inflation in the short run. Recurrent expenditure reduces unemployment in the short run. But, government expenditure did not influence investment in the short run.

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Section: Literature Reviewmentioning

confidence: 98%

Section: Literature Reviewmentioning

confidence: 99%