ASSESSING THE IMPACT OF ECONOMIC SERVICES EXPENDITURE ON NIGERIAN ECONOMIC GROWTH: EVIDENCE FROM A NONLINEAR ARDL APPROACH (1981 – 2022)

Authors

  • Bashir Bappahyaya Department of Economics, Gombe State University, Nigeria
  • Anfofum Abraham Alexander Department of Economics, Nigerian Defence Academy, Kaduna, Nigeria
  • Saheed Zakaree Department of Economics, Nigerian Defence Academy, Kaduna, Nigeria
  • Christian Imoudu Egwaikhide Department of Economics, Nigerian Defence Academy, Kaduna, Nigeria
  • Alfa Yakubu Department of Economics, Nigerian Defence Academy, Kaduna, Nigeria

Keywords:

Public Spending, Economic Growth, NARDL, Wagner’s Law

Abstract

This study investigates the relationship between economic services
expenditure and Nigeria's economic growth from 1981-2022 using a Nonlinear
Autoregressive Distributed Lag (NARDL) model. The study aims to find out whether
economic services expenditure, particularly in sectors such as agriculture and infrastructure,
significantly contributes to economic growth in Nigeria. The findings reveal a significant
long-run relationship between government expenditure on agriculture, roads, and
construction and economic growth, while transport and communication spending negatively
affects growth. Recommendations include increased investment in agriculture and
infrastructure to support economic development.

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Published

2024-10-23

How to Cite

Bappahyaya, B., Abraham Alexander, A., Zakaree, S., Imoudu Egwaikhide, C., & Yakubu, A. (2024). ASSESSING THE IMPACT OF ECONOMIC SERVICES EXPENDITURE ON NIGERIAN ECONOMIC GROWTH: EVIDENCE FROM A NONLINEAR ARDL APPROACH (1981 – 2022). African Journal of Social and Behavioural Sciences, 14(6). Retrieved from https://journals.aphriapub.com/index.php/AJSBS/article/view/2847

Issue

Vol. 14 No. 6 (2024)

Section

Articles