International records / OpenAlex research

Effect of Macroeconomic Indices on Government Spending Efficiency: 1999-2022

This study investigated the impact of key macroeconomic indices on government spending efficiency. The research examines four primary macroeconomic determinants: Real GDP (RGDP), inflation (INFL), exchange rate (EXCR), and oil revenue (OREV). The study adopted the ex post facto research design and data obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin, spanning from 1999-2022. The unit root test used Augmented DickeyFuller (ADF) showing stationarity at 1(0) and 1(1). Using the OLS, the findings reveal that real GDP has a significant positive effect on total government expend…