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Analysis of Fiscal Deficit Sustainability in Nigerian Economy: An Error Correction Approach

Author

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  • Oyeleke O. J
  • Ajilore O. T

Abstract

The study investigates the sustainability of fiscal policy in Nigeria over the period of 1980-2010 to determine whether or not the government has violated intertemporal government budget constraint. Using error correction method of analysis, the study revealed that fiscal policy was weakly sustainable in the economy of Nigeria. This study therefore recommends that government should improve on her tax revenue generation and other source of income but limit her expenditure to growth enhancing projects.

Suggested Citation

  • Oyeleke O. J & Ajilore O. T, 2014. "Analysis of Fiscal Deficit Sustainability in Nigerian Economy: An Error Correction Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(2), pages 199-210.
    • Handle: RePEc:asi:aeafrj:v:4:y:2014:i:2:p:199-210:id:1154
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    Cited by:

    1. Dauda Gbolagade Adebisi & Gbadebo Salako, 2020. "Fiscal policy sustainability in Nigeria: ARDL bounds testing technique," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 10(3), pages 74-80, March.
    2. Olusegun Felix Ayadi & Ladelle M. Hyman & Johnnie Williams & Bettye Desselle, 2018. "How Effective Is Resource Stabilization Fund in a Mono-product Economy?," Global Business Review, International Management Institute, vol. 19(4), pages 842-858, August.
    3. Bashir Olayinka Kolawole, 2021. "Fiscal Stability and Macroeconomic Environment in Nigeria: A Further Assessment," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 17(02), pages 53-66.
    4. Adekunle, Wasiu & Bekoe, William & Badmus, Sheriff & Anagun, Michael & Alimi, Wasiu, 2021. "Nexus Between Fiscal Discipline And The Budget Process In Africa: Evidence From Nigeria," MPRA Paper 110061, University Library of Munich, Germany.

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