MACROECONOMIC EFFECTS OF BUDGET DEFICIT IN NIGERIA
نویسندگان
چکیده
This study probed the macroeconomic effects of budget deficit in Nigeria. Specifically, it seeks to probe effect on private investment and public Nigeria by adopting ADF unit root test ARDL model, Granger Causality short-run diagnostics stability using annual time series data covering 37 years from 1981 2019. The variables employed include – Growth rate real gross domestic product, (Gross Fixed Capital Formation) as a percentage GDP, measured ratio government capital expenditure deficit, money supply inflation year-on-year rate, interest labour force participation rate. research findings admitted that, have positive significant impact economic growth Therefore, has no crowding out investment. also reveals that negative insignificant In addition, further investigation shows Also, asserts there is unidirectional causality running growth, Based this study, Government must ensure maintain strong fiscal discipline without compromising wellbeing citizenry allocating spending sectors can translate into high both short long runs. Furthermore, financing should be focused productive economy. because merely resulted instability indicating sound policies are needed achieve Nigeria.
 
 JEL: E02, H61, E22
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ژورنال
عنوان ژورنال: European Journal of Economic and Financial Research
سال: 2021
ISSN: ['2501-9430']
DOI: https://doi.org/10.46827/ejefr.v4i4.1022