文章基本信息

标题：Impact of Fiscal Policy on Development Financing: Evidence from Nigeria
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作者：Mukaila Abiola Tonade ; Bamidele Ilo ; Olusola Enitan Olowofela 等
期刊名称：International Journal of Commerce and Finance
电子版ISSN：2149-9608
出版年度：2021
卷号：7
期号：1
页码：109-121
语种：English
出版社：Istanbul Commerce University
摘要：This study examined the relationship between fiscal policy and development financing in Nigeria and the extent to which the former effects the latter. The study employed public choice framework and the model is estimated with time-series data from 1981 to 2014, using the Johansen estimation technique. The findings revealed that there is a strong positive relationship between fiscal policy and development financing, real GDP per capital, consumer price index and capital expenditure respectively. The results further confirmed that more expenses were incurred funding recurrent than capital and this had taken its toll on development. The study recommended that government should increase revenue base so as to fund capital expenditure in order to achieve sustainable development while it is also necessary to reduce recurrent expenditures and domestic debt.