What is it about?
Recurrent expenditure exerts negative impact on economic growth while capital expenditure exerts positive impact on economic growth in Nigeria. Wagner’s hypothesis partially holds in Nigeria due to high level of corruption in the country
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Why is it important?
Nigeria government should refocus and redirect government expenditure towards production of goods and services so as to develop the real sector of the economy and enhance economic growth in the country.
Perspectives
This article emphasizes the importance of leaders to demonstrate good examples in their style and exhibits their willingness to make all the economics principles works by minimizing the effect of corrupt practices in both capital and recurrent expenditure. It creates a challenge to Nigerian leaders.
Mr Kola Adegoke
Achievers University, Owo Ondo State, Nigeria
Read the Original
This page is a summary of: Fiscal Policy Instruments and Wagner’s Hypothesis: The Nigerian Experience, Asian Journal of Economics Business and Accounting, September 2018, Sciencedomain International,
DOI: 10.9734/ajeba/2018/43058.
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