Abstract
The study investigates the effect of fiscal policy shocks on economic growth and inflation in Nigeria for the period 1981 to 2015 by employing the Structural Vector Autoregression (SVAR) methodology. Findings of the SVAR model showed both public expenditure and revenue shocks as having a positive effect on economic growth with response to revenue shocks being more. Public expenditure and revenue shocks were found to exert a negative effect on inflation, with revenue shocks having a longer-lasting effect than public expenditure. Policy recommendations of the study include an overhaul of fiscal policy operations in Nigeria via strengthening and diversification of revenue base and also restructuring of public expenditure pattern by expending more on productive expenditure.
| Original language | English |
|---|---|
| Publication status | Published - 10 May 2017 |
| Externally published | Yes |
| Event | 3rd International Conference on Social Sciences and Law - Nile University Nigeria, Abuja, Nigeria Duration: 10 May 2017 → 11 May 2017 |
Conference
| Conference | 3rd International Conference on Social Sciences and Law |
|---|---|
| Country/Territory | Nigeria |
| City | Abuja |
| Period | 10/05/17 → 11/05/17 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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