International records / OpenAlex research

Fiscal Policy and Balance of Payments in Nigeria

The paper examined the impact of fiscal policy on balance of payments in Nigeria. The objectives of the study were to; examine the impact of government capital expenditure, corporate tax and external debt on BOPs. Time series data from 1980 to 2015 was collected from CBN statistical bulletin. The applied the techniques of ADF unit root test, co-integration and vector error correction model. The results of the estimated model showed that all the time series were stationary at order one. Also, the dynamic model depicted by the co-integration result showed that there is a long run equilibrium rel…