IMPACT OF GOVERNMENT EXPENDITURE ON STANDARD OF LIVING OF PEOPLE IN NIGERIA
Abstract
This paper assesses how government expenditure influence economic growth and development in Nigeria. The essence of the study in to determine the components of government expenditure that enhance growth and development, identify those that do not, and recommend those that should be cut or reduced to the barest minimum. The analytical frame is based on economic models, statistical methods encompassing trends analysis, and simple regression. This study finds no signified relationship between most of the components expenditure, economic growth and development. The estimated result where mixed in particular, some of the variables were weakly significant as a result of none inclusion of effect of environmental impacts. However, it provided important clues to the future direction of research. This study therefore recommends that government should promote efficiency in the allocation of development resources through emphasis on private sector participation, privatization and commercialization
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