International records / OpenAlex research

Public Expenditure and Economic Growth in Nigeria (2001 - 2021)

The study attempts to establish the relationship between government spending and GDP in Nigeria from 2001 to 2021. The multiple regression analysis's ordinary least squares (OLS) method was employed. The econometric research shows that the independent variables (recurrent spending, capital expenditure, domestic debt, foreign debt, and exchange rate) have a positive connection with the dependent variable GDP. The OLS findings also show that the overall model accounts for over 94.98% of the changes in the dependent variable (R2 = 0.9498). This means that the variable will have a considerable imp…