Live Covid-19
United States 84,799,270
Cases: 84,799,270
Deaths: 1,028,336
Recovered: 81,489,531
Active: 2,281,403
India 43,131,135
Cases: 43,131,135
Deaths: 524,303
Recovered: 42,589,841
Active: 16,991
Brazil 30,752,226
Cases: 30,752,226
Deaths: 665,491
Recovered: 29,746,640
Active: 340,095
France 29,291,146
Cases: 29,291,146
Deaths: 147,715
Recovered: 28,448,155
Active: 695,276
Germany 26,013,283
Cases: 26,013,283
Deaths: 138,488
Recovered: 24,425,500
Active: 1,449,295
United Kingdom 22,232,377
Cases: 22,232,377
Deaths: 177,890
Recovered: 21,774,064
Active: 280,423
Russia 18,278,617
Cases: 18,278,617
Deaths: 378,072
Recovered: 17,670,628
Active: 229,917
South Korea 17,889,849
Cases: 17,889,849
Deaths: 23,842
Recovered: 17,251,847
Active: 614,160
Italy 17,178,199
Cases: 17,178,199
Deaths: 165,738
Recovered: 16,119,286
Active: 893,175
Turkey 15,060,112
Cases: 15,060,112
Deaths: 98,918
Recovered: 14,957,668
Active: 3,526
Spain 12,179,234
Cases: 12,179,234
Deaths: 105,642
Recovered: 11,588,576
Active: 485,016
Vietnam 10,704,524
Cases: 10,704,524
Deaths: 43,073
Recovered: 9,382,881
Active: 1,278,570
Argentina 9,135,308
Cases: 9,135,308
Deaths: 128,776
Recovered: 8,895,999
Active: 110,533
Japan 8,474,651
Cases: 8,474,651
Deaths: 30,175
Recovered: 8,096,825
Active: 347,651
Netherlands 8,074,152
Cases: 8,074,152
Deaths: 22,301
Recovered: 8,004,183
Active: 47,668
Iran 7,229,354
Cases: 7,229,354
Deaths: 141,253
Recovered: 7,028,491
Active: 59,610
Australia 6,813,633
Cases: 6,813,633
Deaths: 7,977
Recovered: 6,370,466
Active: 435,190
Colombia 6,095,316
Cases: 6,095,316
Deaths: 139,821
Recovered: 5,928,829
Active: 26,666
Indonesia 6,051,850
Cases: 6,051,850
Deaths: 156,510
Recovered: 5,891,574
Active: 3,766
Poland 6,004,786
Cases: 6,004,786
Deaths: 116,242
Recovered: 5,335,196
Active: 553,348
Mexico 5,752,441
Cases: 5,752,441
Deaths: 324,617
Recovered: 5,050,420
Active: 377,404
Ukraine 5,009,301
Cases: 5,009,301
Deaths: 108,497
Recovered:
Active: 4,900,804
Malaysia 4,485,419
Cases: 4,485,419
Deaths: 35,633
Recovered: 4,419,997
Active: 29,789
Thailand 4,394,915
Cases: 4,394,915
Deaths: 29,640
Recovered: 4,305,699
Active: 59,576
Austria 4,225,674
Cases: 4,225,674
Deaths: 18,328
Recovered: 4,156,309
Active: 51,037
Belgium 4,127,123
Cases: 4,127,123
Deaths: 31,656
Recovered: 3,967,010
Active: 128,457
Israel 4,117,079
Cases: 4,117,079
Deaths: 10,826
Recovered: 4,083,611
Active: 22,642
Portugal 4,066,674
Cases: 4,066,674
Deaths: 22,583
Recovered:
Active: 4,044,091
Czechia 3,917,289
Cases: 3,917,289
Deaths: 40,260
Recovered: 3,873,501
Active: 3,528
South Africa 3,915,258
Cases: 3,915,258
Deaths: 100,898
Recovered: 3,733,569
Active: 80,791

The Use of Public Expenditure in the Advancement of National Economy: A Comparative Study of the United Kingdom and Nigeria

The Use of Public Expenditure in the Advancement of National Economy: A Comparative Study of the United Kingdom and Nigeria

ABSTRACT

The study investigates the use of public expenditure in the advancement of the national economy comparatively for the United Kingdom and Nigeria during the period 2000-2020. The hypotheses were linearly modeled while adopting the ordinary least square method of estimation and the granger causality test. The findings support Keynes’ (1936) notion of the government intervening actively in the economy through a variety of policy instruments by revealing a positive and significant relationship between government spending and economic growth in the two countries being sampled. The Granger causality test shows that Wagner’s law, which states that there is a causal relationship between economic growth and government spending, does not hold for Nigeria and the United Kingdom. The study concludes that government expenditure has been better utilized for the advancement of the national economy in the United Kingdom than in Nigeria. Given the positive and significant impact of government expenditure on Economic growth, the study thus recommends that Nigeria needs to improve its expenditure management by providing a sound macroeconomic environment.

Keywords: Public Expenditure; Economic Growth; National Economy; Nigeria; United Kingdom

Authorship

Egiyi, Modesta Amaka, PhD.
Department of Accountancy
Godfrey Okoye University, Enugu State

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