An Empirical Investigation on the Effect of Government Expenditure on Economic Growth

• Post by: airjournals
• November 15, 2020
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ABSTRACT

This study examined the effect of government expenditure on economic growth. Multiple Linear regression model was adopted for analysis. Recurrent expenditure and capital expenditure were the independent variables while the gross domestic product rate was used as the dependent variable. The findings from this study reveal that while Capital expenditure has no significant impact on Gross Domestic Product in Nigeria, however, recurrent expenditure has a significant impact on Gross Domestic Product in Nigeria, thus buttressing the need for encouragement as well as an increase in the private sector investment.