Izvorni znanstveni članak
https://doi.org/10.2478/zireb-2024-0005
Defense Spending and Income Growth in Nigeria
Saheed O. Olayiwola
orcid.org/0000-0003-2500-0229
; Department of Economics, Federal University of Technology, Akure, Nigeria
*
Ayodeji O. Oloruntuyi
; Department of Economics, Federal University of Technology, Akure, Nigeria
* Dopisni autor.
Sažetak
This study considers the effect of defense spending on income growth in Nigeria. The results show that defense spending adversely affects income growth in the short run and the long run. Education spending, health spending, transport and communication service spending, internal security spending and electric power consumption have short-run and long-run growth impacts on income in Nigeria. Also, the armed forces personnel proportion of the labour force impacted positively on income. It was concluded that resource distribution should favour provisions of socio-economic and infrastructural facilities for defense spending. Therefore, the government should allocate its resources to provide socio-economic and infrastructural facilities for sustainable income growth in Nigeria.
Ključne riječi
military spending; armed forces personnel; socio-economic services; income growth
Hrčak ID:
317824
URI
Datum izdavanja:
31.5.2024.
Posjeta: 226 *