An Analysis of the Relationship between Public Spending Components and Private investments in Nigeria

Autor:	Oyeyemi Omodadepo Adebiyi, Adedayo Oluseun Adedeji, Nwosa Philip Ifeakachukwu
Rok vydání:	2013
Předmět:	Aggregate expenditure Finance Final consumption expenditure Government Capital expenditure Short run business.industry Economics Private equity firm Foreign direct investment Monetary economics Investment (macroeconomics) business
Zdroj:	Journal of Finance & Economics. 1:14-27
ISSN:	2291-496X 2291-4951
DOI:	10.12735/jfe.v1i2p14
Popis:	This paper examined the relationship between components of public spending and private investments in Nigeria for the period 1981 to 2010. Utilizing an error correction modeling procedure, the study revealed that components of public spending have different impact on private investment both in the long run and the short run. Specifically, recurrent and government final consumption expenditure had positive (crowd-in) effect on private investment while capital expenditure had negative (crowd-out) effect on private investment. Thus, the study recommended that greater emphasis should be placed on capital expenditure.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::be315a2748c893fb59d5f9ef7c9ad3b0 https://doi.org/10.12735/jfe.v1i2p14 Zobrazit plný text záznamu