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 |