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Original scientific paper
https://doi.org/10.32728/ric.2018.42/1

ECONOMIC GROWTH NEXUS IN NIGERIA: EVIDENCE FROM NONLINEAR ARDL AND CAUSALITY APPROACHES

Anthony Enisan Akinlo   ORCID icon orcid.org/0000-0002-3013-0186 ; Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria
Olufunmilayo Olayemi Jemiluyi ; Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria

Fulltext: english, pdf (284 KB) pages 5-26 downloads: 762* cite
APA 6th Edition
Akinlo, A.E. & Jemiluyi, O.O. (2018). ECONOMIC GROWTH NEXUS IN NIGERIA: EVIDENCE FROM NONLINEAR ARDL AND CAUSALITY APPROACHES. Review of Innovation and Competitiveness, 4 (2), 5-26. https://doi.org/10.32728/ric.2018.42/1
MLA 8th Edition
Akinlo, Anthony Enisan and Olufunmilayo Olayemi Jemiluyi. "ECONOMIC GROWTH NEXUS IN NIGERIA: EVIDENCE FROM NONLINEAR ARDL AND CAUSALITY APPROACHES." Review of Innovation and Competitiveness, vol. 4, no. 2, 2018, pp. 5-26. https://doi.org/10.32728/ric.2018.42/1. Accessed 20 Sep. 2021.
Chicago 17th Edition
Akinlo, Anthony Enisan and Olufunmilayo Olayemi Jemiluyi. "ECONOMIC GROWTH NEXUS IN NIGERIA: EVIDENCE FROM NONLINEAR ARDL AND CAUSALITY APPROACHES." Review of Innovation and Competitiveness 4, no. 2 (2018): 5-26. https://doi.org/10.32728/ric.2018.42/1
Harvard
Akinlo, A.E., and Jemiluyi, O.O. (2018). 'ECONOMIC GROWTH NEXUS IN NIGERIA: EVIDENCE FROM NONLINEAR ARDL AND CAUSALITY APPROACHES', Review of Innovation and Competitiveness, 4(2), pp. 5-26. https://doi.org/10.32728/ric.2018.42/1
Vancouver
Akinlo AE, Jemiluyi OO. ECONOMIC GROWTH NEXUS IN NIGERIA: EVIDENCE FROM NONLINEAR ARDL AND CAUSALITY APPROACHES. Review of Innovation and Competitiveness [Internet]. 2018 [cited 2021 September 20];4(2):5-26. https://doi.org/10.32728/ric.2018.42/1
IEEE
A.E. Akinlo and O.O. Jemiluyi, "ECONOMIC GROWTH NEXUS IN NIGERIA: EVIDENCE FROM NONLINEAR ARDL AND CAUSALITY APPROACHES", Review of Innovation and Competitiveness, vol.4, no. 2, pp. 5-26, 2018. [Online]. https://doi.org/10.32728/ric.2018.42/1

Abstracts
ABSTRACT
The kernel of the debate on the relation between government spending and economic growth is whether the former causes the latter or the latter causes the former. In addition, there is the issue of possibility of nonlinearity in the relation between government expenditure and economic growth.
Purpose. The purpose of this paper is to examine the relations between government expenditure and economic growth in Nigeria.
Design/Methodology/Approach. The nonlinearity and causality in the relation between government expenditure and economic growth are examined using nonlinear autoregressive distributed lag model (NARDL), vector error correction model (VECM) and causality.
Findings/Implications. The findings show the existence of cointegration and nonlinear effect on the relation between government expenditure and economic growth in both long- and short-run. The results equally show unidirectional causality that runs from economic growth to government expenditure thus providing support for Wagner’s law in Nigeria.
Originality. The findings from this study suggest that nonlinearity and asymmetry should be taken into account when examining the nexus between government expenditure and economic growth.

Keywords
Government expenditure; Economic growth; NARDL cointegration; Nigeria

Hrčak ID: 204426

URI
https://hrcak.srce.hr/204426

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