EconPapers    
Economics at your fingertips  
 

A Structural Break Analysis of Fiscal Deficit Process in Nigeria

Owolabi A. Usman () and Dauda Gbolagade Adebisi ()
Additional contact information
Owolabi A. Usman: Ladoke Akintola University of Technology
Dauda Gbolagade Adebisi: Bowen University

The Review of Black Political Economy, 2017, vol. 44, issue 3, 341-352

Abstract: Abstract The study examined the sustainability of fiscal policy process in Nigeria for the period 1961 to 2013, using ARDL cointegrating method between government revenue and government expenditure. The Bai-Perron multiple break point tests showed that there was structural shift in variables in 1981 which accounted for unsustainable fiscal deficit throughout the period. It was however, found that fiscal deficit before 1981(1961–1980) was weakly sustainable, while the estimation after 1981(1982–2013) indicated strong sustainability of fiscal policy in Nigeria. We therefore recommend that government should continue with the policies put in place by successive governments since 1982 to ensure stability of macroeconomics environment.

Keywords: Fiscal Deficit; Cointegration; Unit Roots; Structural Breaks (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s12114-017-9261-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:blkpoe:v:44:y:2017:i:3:d:10.1007_s12114-017-9261-1

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/12114

Access Statistics for this article

The Review of Black Political Economy is currently edited by C. Conrad

More articles in The Review of Black Political Economy from Springer, National Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-05-21
Handle: RePEc:spr:blkpoe:v:44:y:2017:i:3:d:10.1007_s12114-017-9261-1