Government spending and industrial development in Nigeria: a dynamic investigation

Samuel Iweriebor, Monday I. Egharevba and Abidemi Adegboye
Additional contact information
Samuel Iweriebor: Department of Economics, College of Education, Agbor, Nigeria
Monday I. Egharevba: Department of Economics, Adeyemi College of Education, Ondo, Nigeria

Annals of the University of Petrosani, Economics, 2015, vol. 15, issue 1, 179-190

Abstract: In this study, the effect of public spending on the industrial sector in Nigeria is examined within a dynamic structure. The goal of the study is to present a position in which industrial production could be enhanced by properly channeling public sector spending. Using data covering the period 1980 to 2013, econometric tools are employed to empirically examine the main effects of some public sector spending factors on industrial development. It is found in the study that that public spending has no significant effect on industrial production in the short run. Moreover, government spending has a relatively weak effect on industrial production even in the long run, suggesting a disconnection between public spending and the real sector of the economy. The proper focus for policymakers bent on improving industrial performance in Nigeria, thus, is on the process of fiscal management restructuring, at least in the medium-term.

Keywords: Government spending; Industrial development; Dynamic analysis (search for similar items in EconPapers)
JEL-codes: H31 H54 L52 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.upet.ro/annals/economics/pdf/2015/part ... harevba_Adegboye.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:15:y:2015:i:1:p:179-190

Access Statistics for this article

More articles in Annals of the University of Petrosani, Economics from University of Petrosani, Romania
Bibliographic data for series maintained by Imola Driga ().