FISCAL DEFICITS AND FOREIGN RESERVES EVIDENCE FROM NIGERIA

ONIORE, Jonathan Ojarikre; EZIE, Obumneke; Awujola, Abayomi

dc.contributor.author	ONIORE, Jonathan Ojarikre
dc.contributor.author	EZIE, Obumneke
dc.contributor.author	Awujola, Abayomi
dc.date.accessioned	2024-06-03T12:47:39Z
dc.date.available	2024-06-03T12:47:39Z
dc.date.issued	2014-10-12
dc.identifier.issn	2795-3483
dc.identifier.uri	http://localhost:8080/xmlui/handle/123456789/1599
dc.description.abstract	The main aim of this study is the evaluation of fiscal deficits and its effects on external reserves in Nigeria over the period 1981-2012. Employing modern time series econometric techniques such as unit root test, cointegration and error correction techniques the study reveals intriguing results. The Johansen cointegration test revealed a long run relationship among the variables. The statistical significance of the one period lagged ECM supports this long run relationship and a satisfactory speed of adjustment. Results suggest that foreign exchange reserve is determined in the long-run by recurrent and capital expenditures. It is thus recommended that there should be sustainability of a fiscal deficit profile in order to stimulate growth in the nation’s economy	en_US
dc.language.iso	en	en_US
dc.publisher	International Journal of Economics, Commerce and Management United Kingdom Vol. II, Issue 10, Oct 2014 Licensed	en_US
dc.subject	Deficit, Balanced Budget, Tax, Inflation and Fiscal Policy	en_US
dc.title	FISCAL DEFICITS AND FOREIGN RESERVES EVIDENCE FROM NIGERIA	en_US
dc.type	Article	en_US