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FISCAL DEFICITS AND FOREIGN RESERVES EVIDENCE FROM NIGERIA

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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


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