GOVERNMENT SPENDING AND INDUSTRIAL DEVELOPMENT IN NIGERIA: A DYNAMIC INVESTIGATION
In this study, the effect of public spending on the industrial sector in Nigeria is examined within a dynamic structure. The goal of the study is to present a position in which industrial production could be enhanced by properly channeling public sector spending. Using data covering the period 198...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2015-10-01
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| Series: | Annals of the University of Petrosani: Economics |
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| Online Access: | http://www.upet.ro/annals/economics/pdf/2015/part1/Iweriebor_Egharevba_Adegboye.pdf |
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| author | SAMUEL IWERIEBOR MONDAY I. EGHAREVBA ABIDEMI C. ADEGBOYE |
| author_facet | SAMUEL IWERIEBOR MONDAY I. EGHAREVBA ABIDEMI C. ADEGBOYE |
| author_sort | SAMUEL IWERIEBOR |
| collection | DOAJ |
| description | In this study, the effect of public spending on the industrial sector in
Nigeria is examined within a dynamic structure. The goal of the study is to present a position in which industrial production could be enhanced by properly channeling public sector spending.
Using data covering the period 1980 to 2013, econometric tools are employed to empirically examine the main effects of some public sector spending factors on industrial development. It is
found in the study that that public spending has no significant effect on industrial production in the short run. Moreover, government spending has a relatively weak effect on industrial production even in the long run, suggesting a disconnection between public spending and the real sector of the economy. The proper focus for policymakers bent on improving industrial performance in Nigeria, thus, is on the process of fiscal management restructuring, at least in the medium-term. |
| format | Article |
| id | doaj-art-70f42f2e9a12426cab95991c4e83d760 |
| institution | DOAJ |
| issn | 1582-5949 2247-8620 |
| language | English |
| publishDate | 2015-10-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj-art-70f42f2e9a12426cab95991c4e83d7602025-08-20T02:43:38ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202015-10-01XV1179190GOVERNMENT SPENDING AND INDUSTRIAL DEVELOPMENT IN NIGERIA: A DYNAMIC INVESTIGATIONSAMUEL IWERIEBOR0MONDAY I. EGHAREVBA1ABIDEMI C. ADEGBOYE2College of Education, Agbor, NigeriaAdeyemi College of Education, Ondo, NigeriaAdeyemi College of Education, Ondo, NigeriaIn this study, the effect of public spending on the industrial sector in Nigeria is examined within a dynamic structure. The goal of the study is to present a position in which industrial production could be enhanced by properly channeling public sector spending. Using data covering the period 1980 to 2013, econometric tools are employed to empirically examine the main effects of some public sector spending factors on industrial development. It is found in the study that that public spending has no significant effect on industrial production in the short run. Moreover, government spending has a relatively weak effect on industrial production even in the long run, suggesting a disconnection between public spending and the real sector of the economy. The proper focus for policymakers bent on improving industrial performance in Nigeria, thus, is on the process of fiscal management restructuring, at least in the medium-term.http://www.upet.ro/annals/economics/pdf/2015/part1/Iweriebor_Egharevba_Adegboye.pdfGovernment spendingIndustrial developmentDynamic analysis. |
| spellingShingle | SAMUEL IWERIEBOR MONDAY I. EGHAREVBA ABIDEMI C. ADEGBOYE GOVERNMENT SPENDING AND INDUSTRIAL DEVELOPMENT IN NIGERIA: A DYNAMIC INVESTIGATION Annals of the University of Petrosani: Economics Government spending Industrial development Dynamic analysis. |
| title | GOVERNMENT SPENDING AND INDUSTRIAL DEVELOPMENT IN NIGERIA: A DYNAMIC INVESTIGATION |
| title_full | GOVERNMENT SPENDING AND INDUSTRIAL DEVELOPMENT IN NIGERIA: A DYNAMIC INVESTIGATION |
| title_fullStr | GOVERNMENT SPENDING AND INDUSTRIAL DEVELOPMENT IN NIGERIA: A DYNAMIC INVESTIGATION |
| title_full_unstemmed | GOVERNMENT SPENDING AND INDUSTRIAL DEVELOPMENT IN NIGERIA: A DYNAMIC INVESTIGATION |
| title_short | GOVERNMENT SPENDING AND INDUSTRIAL DEVELOPMENT IN NIGERIA: A DYNAMIC INVESTIGATION |
| title_sort | government spending and industrial development in nigeria a dynamic investigation |
| topic | Government spending Industrial development Dynamic analysis. |
| url | http://www.upet.ro/annals/economics/pdf/2015/part1/Iweriebor_Egharevba_Adegboye.pdf |
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