期刊名称：Journal of Emerging Trends in Economics and Management Sciences
电子版ISSN：2141-7024
出版年度：2016
卷号：7
期号：2
页码：110-121
出版社：Scholarlink Resource Centre
摘要：Fiscal federalism in Nigeria has not produced the desired impact since its inception in 1946. Despite continuousincrease in revenue generation and allocations, the expected impact on economic growth and nationaldevelopment has not been encouraging. This study examines the impact of resource allocation and fiscal balanceon economic growth and national development. The multiple regression model was used and various tests wereconducted. The analysis shows a negative relationship between Nigeria national development and capitalexpenditure, and fiscal balance. Only recurrent expenditure has a positive relationship with development. Thecoefficients of TCE and TFB show a negative impact on economic growth which implies an indirectrelationship between GDP and total capital expenditure, and fiscal balance. The Nigerian economy has not beenable to save and gainfully invest a correct proportion of her GDP. The fiscal framework in Nigeria has not madesignificant contribution to economic and national development. The fiscal framework is therefore weak to growthe economy and move the country in the desired direction. We recommend a fiscal framework and system thatfocuses on fiscal decentralization, such that capital investment in the states and local governments of thefederation would be enhanced. The relationship between recurrent expenditure and national development is apotential aspect for further research. However, the recurrent expenditure framework should be revieweddownwards so as to release more funds for capital expenditure to encourage investment in both the private andpublic sectors of the economy. This study is of immense significance to students, scholars and researchers inPublic Policy. Government officials and consultants in fiscal policy would also find the study to be a usefulguide.
关键词：fiscal federalism; resource allocation; expenditure; economy; fiscal balance; framework; economic;growth; national development
Loading...
