文章基本信息

标题：The Relationship between Public Social Expenditure and Economic Growth in Nigeria: An Empirical Analysis
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作者：Akwe James Ayuba ; Akwe James Ayuba
期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2014
卷号：3
期号：3
页码：185-191
DOI：10.5923/j.ijfa.20140303.05
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：The sustainability and viability of a country’s economic and social growth depend largely on vibrant and sound healthcare and educational systems of that nation. Just as the physical and social development of the average child is beset with many problems, so the development of education and healthcare systems in Nigeria is hampered by a variety of problems ranging from poor funding in educational sector and lack or near absence of quality healthcare in Nigeria. These problems when resolved are believed to translating into reviving the economy and stimulating growth. This study examines the causal relationship between public social expenditure (education and health) and economic growth in Nigeria for the period of 1990 to 2009 by applying the Vector Error Correction (VEC) Model Based Causality. This study uses stationarity, co-integration and causality test of data and variables. The study finds that there is a unidirectional causality running from economic growth to health expenditure, which supports the Wagner’s Law. This study also discovers that causality runs from economic growth to education and aggregate social expenditure. The study concludes that public social expenditure amplify economic growth at bivariate (aggregated) levels. This study recommends increased in budgetary allocations both for education and health sectors, exploring other sources of financing education in Nigeria such as strengthening the education tax collection mechanisms, accessing donations from international agencies such as the United Nations, The International Monetary Fund, The World Bank, Non-Governmental Organizations as well as other spirited individuals. Also, allocative efficiency of resources to enhance economic growth in Nigeria should be entrenched.
关键词：Education and Health Expenditures; Economic Growth; Causality; Co-integration