International records / OpenAlex research

Capital vs Recurrent: The Challenge of Nigerian of Economic Growth

This study compared the effect of capital and recurrent expenditure on Nigeria economic growth. The objective was to compare the effect capital and recurrent expenditure on Nigeria economic growth. Time series data were collected from Central Bank of Nigeria Statistical Bulletin from 1990-2021. Real gross domestic product was modeled as the function of capital and recurrent expenditure on administration, social services, economic service and transfer. Ordinary least square method, Augmented Dickey Fuller unit root test, cointegration, granger causality test and vector error correction was used…