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THE IMPACT OF ECONOMIC RECESSION ON GOVERNMENT EXPENDITURE IN NIGERIA
ABSTRACT
This study examines “the impact of economic recession on government expenditure in Nigeria”. To achieve this broad objective, the study seeks to ascertain the impact of economic recession on government recurrent and capital expenditure. The ex-post factor research design was adopted in gathering data necessary for the study. Data were obtained from secondary sources of data mainly from Central Bank of Nigeria’s Published Statistical Bulletin of 2018. In analysing the data, regression analysis was used with the aid of statistical package for social science (SPSS). The findings of the study shows that economic recession has no impact on government recurrent expenditure while it has significant impact on government capital expenditure. Finally, the study recommend that political office holder and leaders in governance should be retrained on policy making, and leadership to enhance their skills in the management of Nigeria economy especially during economic recession.
TABLE OF CONTENTS
Title Page- – – – – – – – – – – i
Declaration- – – – – – – – – – – ii
Approval Page- – – – – – – – – – iii
Dedication- – – – – – – – – – – iv
Acknowledgement- – – – – – – – – v
Abstract – – – – – – – – – – – vii
Table of Contents- – – – – – – – – – viii
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study- – – – – – – 1
1.2 Statement of the Problem- – – – – – – 5
1.3 Objective of the Study- – – – – – – – 7
1.4 Research Questions- – – – – – – – 7
1.5 Statement of Hypotheses- – – – – – – 7
1.6 Significance of the Study- – – – – – – 8
1.7 Scope of the Study- – – – – – – – 9
1.8 Limitation of the Stud- – – – – – – – 9
1.9 Operational Definition of Terms- – – – – – 10
CHAPTER TWO
REVIEW OF RELATED LITERATURE
Introduction
2.1 Conceptual Framework- – – – – – – – 12
2.1.1 Economic Recession- – – – – – – – 12
2.1.2 History of Economic Recession- – – – – – 17
2.1.3 Causes of Economic recession- – – – – – – 19
2.1.4 Economic Recession in Nigeria-An Overview- – – – 21
2.1.5 Concept of Government Expenditure- – – – – 22
2.2 Theoretical Framework- – – – – – – – 25
2.2.1 Keynesian Economic Theory in Recession- – – – – 26
2.2.2 Hangover Theory- – – – – – – – – 26
2.2.3 Peacock and Wiseman Theory of Public Expenditure- – – 27
2.3 Empirical Review/ Review of Previous Studies- – – – 28
CHAPTER THREE
METHODOLOGY
Introduction
3.1 Research Design- – – – – – – – 37
3.2 The Study Area- – – – – – – – – 37
3.3 Population and Sampling Procedure- – – – – – 37
3.4 Data Collection Techniques- – – – – – – 38
3.5 Data Analysis Techniques- – – – – – – 38
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION OF RESULTS
Introduction
4.1 Data Presentation- – – – – – – – – 40
4.2 Data Analysis and interpretation- – – – – – 43
4.3 Test of Hypotheses- – – – – – – – 46
4.4 Results and Discussion- – – – – – – – 47
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
Introduction
5.1 Summary of Findings- – – – – – – – 49
5.2 Conclusion- – – – – – – – – – 50
5.3 Recommendations- – – – – – – – 50
REFERENCES- – – – – – – – – 51
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