Review of Ricardian Equivalence in Theory and Practice: Empirical Data from Nigeria
نویسندگان
چکیده
This study investigates the Ricardian Equivalence (RET) in theory and practice particularly as it relates to Nigeria economy. The employed Autoregressive Distributed Lagged (ARDL) model establish both long-run short-run relationship between deficit financing consumption. found no strong evidence reject using data from economy contrary most literatures reviewing RET Nigeria. Specifically, that variables like debt, tax revenue, government expenditure have significant impact on consumption when strict assumption of is not introduced but became insignificant ratio revenue changes debt model. therefore concludes valid case maintained major relaxed or finance enter indirectly. recommends while embraces stimulate economy, should be done with utmost care induce stagflation thereby eroding small gain stimulation.
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ژورنال
عنوان ژورنال: Applied Journal of Economic Managemnet and Social Sciences
سال: 2022
ISSN: ['2811-1613']
DOI: https://doi.org/10.53790/ajmss.v3i1.24