Healthy interaction between fiscal and monetary policies; A panacea for economic development and sustainability
نویسندگان
چکیده
A healthy fiscal and monetary policies form the basis for economic growth sustainability of an economy. This work seeks to look at effect on in Nigeria, examine how government tax alter policy, To see interaction recurrent expenditure with policy does rate, money supply inflation if capital affects Nigeria. study uses time series data from 1995 2021 which were sourced Central Bank Nigeria Statistical Bulletin. The variables used this include; Money Supply (MS), Inflation (INF), Monetary Policy Rate (MPR), Government Tax Revenue (GTAX), Total Capital Expenditure (TGCE) Recurrent (TGRE). examined using Ordinary Least Square Regression method robustness model was tested post-estimation techniques such as Durbin-Watson test autocorrelation, Jarque-Bera normality, Breusch-Godfrey Serial Correlation Ramsey RESET specification correctness. Findings indicate that contractionary have caused reduced increase base economy has contributed significantly growth. recommends Contractionary should be matched taxation while expansionary combined a downward review rates country.
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ژورنال
عنوان ژورنال: World Journal Of Advanced Research and Reviews
سال: 2022
ISSN: ['2581-9615']
DOI: https://doi.org/10.30574/wjarr.2022.15.1.0741