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Paper title
The Impact of Fiscal Policy on Economic Growth (1986-2019)

Paper author
Asuzu Chibuzor Amarachukwu; Nwayotalu Chioma Lillian

Author Email
[email protected]

Abstract
This study sought to examine the impact of fiscal policy on economic growth from 1986 to 2019. The specific objectives of this study were to: determine the extent to which government expenditure, government revenue and domestic debt had impacted gross domestic product in Nigeria. This study adopted ex-post facto and analytical designs. Time series data for the period 1986-2019, were collated from the Central Bank of Nigeria (CBN) Statistical Bulletin and National Bureau of Statistics. Ordinary Least square regression technique (OLS) was employed in analysis and some other tests conducted at the significance level of 5%. The results of the analysis showed that government revenue and domestic debt had positive and significant impact on gross domestic product while government expenditure had negative and non-significant impact on gross domestic product. The study, therefore, recommends that there should be a policy set by monetary authorities to help channel government expenditure into capital project in other to have positive influence in the economic growth. Key words: Government revenue, Government expenditure, Domestic debt.


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