This study investigates the impact of government expenditure, savings, FDI on economic growth in Nigeria for 1995 to 2018. The data for the study was sourced from World Bank’s World Development Indicator, while OLS estimating technique was employed for the analysis. Using OLS estimator, the empirical evidence from the findings show that government expenditure, savings, FDI significantly impacted economic growth. Therefore, government expenditure, savings, foreign direct investments are key determinants of economic growth in Nigeria. Based on the findings, we suggest that the Nigerian government should reduce the personal income tax so as to promote the disposal income and invariables savings. Also, effort should be made to promote stable and less volatile macroeconomic environment for the attraction of foreign direct investment inflow into Nigeria. This in turn could boost employment and increase in income and the individual savings. Further, we found government expenditure to negatively relate to economic growth. Hence, government spending in itself is not bad but should be utililize efficiently to help drive economic growth. Hence, we suggest that government spending should be reduced since it does not contribute immensely to the growth of the economy.
| Published in | Journal of Investment and Management (Volume 9, Issue 4) |
| DOI | 10.11648/j.jim.20200904.11 |
| Page(s) | 92-99 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Government Expenditure, Savings, FDI and Economic Growth
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APA Style
Felicia Abada, Charles Manasseh. (2020). Government Expenditure, Savings, FDI and Economic Growth: An Impact Analysis. Journal of Investment and Management, 9(4), 92-99. https://doi.org/10.11648/j.jim.20200904.11
ACS Style
Felicia Abada; Charles Manasseh. Government Expenditure, Savings, FDI and Economic Growth: An Impact Analysis. J. Invest. Manag. 2020, 9(4), 92-99. doi: 10.11648/j.jim.20200904.11
AMA Style
Felicia Abada, Charles Manasseh. Government Expenditure, Savings, FDI and Economic Growth: An Impact Analysis. J Invest Manag. 2020;9(4):92-99. doi: 10.11648/j.jim.20200904.11
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Download@article{10.11648/j.jim.20200904.11,
author = {Felicia Abada and Charles Manasseh},
title = {Government Expenditure, Savings, FDI and Economic Growth: An Impact Analysis},
journal = {Journal of Investment and Management},
volume = {9},
number = {4},
pages = {92-99},
doi = {10.11648/j.jim.20200904.11},
url = {https://doi.org/10.11648/j.jim.20200904.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20200904.11},
abstract = {This study investigates the impact of government expenditure, savings, FDI on economic growth in Nigeria for 1995 to 2018. The data for the study was sourced from World Bank’s World Development Indicator, while OLS estimating technique was employed for the analysis. Using OLS estimator, the empirical evidence from the findings show that government expenditure, savings, FDI significantly impacted economic growth. Therefore, government expenditure, savings, foreign direct investments are key determinants of economic growth in Nigeria. Based on the findings, we suggest that the Nigerian government should reduce the personal income tax so as to promote the disposal income and invariables savings. Also, effort should be made to promote stable and less volatile macroeconomic environment for the attraction of foreign direct investment inflow into Nigeria. This in turn could boost employment and increase in income and the individual savings. Further, we found government expenditure to negatively relate to economic growth. Hence, government spending in itself is not bad but should be utililize efficiently to help drive economic growth. Hence, we suggest that government spending should be reduced since it does not contribute immensely to the growth of the economy.},
year = {2020}
}
TY - JOUR T1 - Government Expenditure, Savings, FDI and Economic Growth: An Impact Analysis AU - Felicia Abada AU - Charles Manasseh Y1 - 2020/12/31 PY - 2020 N1 - https://doi.org/10.11648/j.jim.20200904.11 DO - 10.11648/j.jim.20200904.11 T2 - Journal of Investment and Management JF - Journal of Investment and Management JO - Journal of Investment and Management SP - 92 EP - 99 PB - Science Publishing Group SN - 2328-7721 UR - https://doi.org/10.11648/j.jim.20200904.11 AB - This study investigates the impact of government expenditure, savings, FDI on economic growth in Nigeria for 1995 to 2018. The data for the study was sourced from World Bank’s World Development Indicator, while OLS estimating technique was employed for the analysis. Using OLS estimator, the empirical evidence from the findings show that government expenditure, savings, FDI significantly impacted economic growth. Therefore, government expenditure, savings, foreign direct investments are key determinants of economic growth in Nigeria. Based on the findings, we suggest that the Nigerian government should reduce the personal income tax so as to promote the disposal income and invariables savings. Also, effort should be made to promote stable and less volatile macroeconomic environment for the attraction of foreign direct investment inflow into Nigeria. This in turn could boost employment and increase in income and the individual savings. Further, we found government expenditure to negatively relate to economic growth. Hence, government spending in itself is not bad but should be utililize efficiently to help drive economic growth. Hence, we suggest that government spending should be reduced since it does not contribute immensely to the growth of the economy. VL - 9 IS - 4 ER -
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