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December 26, 2019 05:02
ARDLThis study was set out to evaluate the impact of government revenue on the growth of the Nigerian economy. Using time-series data covering the period 1981 to 2018 and adopting the ARDL framework, the study tested for both short-run and long-run relationship including adjustment profile. It was found that economic growth is a positive and significant function of oil revenue in Nigeria within the studied period. Nonoil revenue was found to positively but non-significantly affect the growth of the Nigerian economy. A long run cointegrating relationship was found amongst the studied variables with the error correction model showing an 11% adjustment speed from short-run disequilibrium to long run equilibrium. Based on the finding, it is recommended that government should diversify the economy to allow for enhanced revenue and growth.
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Posted December 26, 2019 05:02
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