An Appraisal of Fiscal Policy Measures and its Implication for Growth of the Nigerian Economy: 1970-2009
An Appraisal of Fiscal Policy Measures and its Implication for Growth of the Nigerian Economy: 1970-2009
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财政政策措施评估及其对尼日利亚经济增长的影响：1970-2009 年
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发表时间：
2013
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影响因子：
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通讯作者：
Imoisi Anthony Ilegbinosa
中科院分区：
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作者：
Imoisi Anthony Ilegbinosa
本研究考察了1970 - 2009年尼日利亚财政政策程序及其对经济增长的影响。理论认为，财政政策可以通过改变投资和劳动力的动机以及改变各部门的税后收益来影响经济增长。很明显，经济学家对政府支出和税收对经济增长的影响有不同的分析。该研究使用1970-2009年统计时间序列数据的多元回归模型的普通最小二乘（OLS）技术进行。估计结果表明，因变量（真实的国内生产总值）和自变量（政府支出和税收）之间存在正相关关系。这意味着政府支出是经济增长的一个强有力的决定因素，特别是当适当地用于提供足够的基本基础设施以稳定投资活动时。回归结果还表明，税收没有得到适当的签署，这在很大程度上可能是由于尼日利亚税收管理不善，以及政府过度依赖原油收入为其项目提供资金。因此，这一结果与凯恩斯主义理论相一致，该理论支持政府通过使用财政政策进行干预可以加速经济活动，从而促进增长。因此，根据调查结果，建议尼日利亚全面改革税收制度，尼日利亚联邦政府应加强支出，特别是在有能力促进该国经济增长的生产性经济部门。
This research examines problems surrounding procedures of fiscal policy and their influence on economic growth in Nigeria from 1970 - 2009. Theory envisage that fiscal policy can impinge on economic growth by changing motivation for investment and labour as well as by altering after-tax proceeds across sectors. It is clear that economists have different analysis concerning the effect of government spending and tax on economic growth in any nation. The research was conducted using an Ordinary Least Squares (OLS) technique of multiple regression models using statistical time series data from 1970-2009. The estimated result shows a positive relationship between the dependent variable (real gross domestic product) and the Independent variables (Government Expenditure and Taxes). This implies that the government expenditure is a strong determinant of economic growth especially when properly directed towards the provision of adequate basic infrastructural facilities to stabilize investment activities. The regression result also shows that tax was not properly signed and this could largely be credited to poor tax administration in Nigeria and over dependence of government on earnings from crude oil in funding her projects. Accordingly, the result agreed with the Keynesian theory, which supports that government involvement through the use of fiscal policy could accelerate economic activities hence growth. Based on the results, it was therefore suggested that there should be a total renovation of the tax system in Nigeria and the federal government of Nigeria should intensify her spending especially in the productive sectors of the economy that has the capability to contribute to economic growth in the country.