International records / OpenAlex research

Government Expenditure and Economic Growth in Nigeria: An Analysis with Dynamic Ordinary Least Squares

This study investigates the impact of government expenditure on economic growth from 1981 to 2015 using Dynamic Ordinary Least Squares that incorporates endogenity in its estimation.The unit root test using Augmented Dickey Fuller revealed that all the series were stationary at first difference.The two-step Engle-Granger residual test showed that the residual was stationary at level; thus, there was a long run relationship among the series.The findings obtained from the long run Dynamic OLS showed that government expenditure on administration, government expenditure on economic services and no…