Output Volatility and Government Size in Nigeria
References
- Agu, S.U., Okwo, I.M., Ugwunta, O.D., Idike, A. (2015). Fiscal policy and economic growth in Nigeria: Emphasis on various components of public expenditure. SAGE Open, October-December 1–12.10.1177/2158244015610171
- Andres, J., Domenech, R., Fatás A. (2008). The stabilising role of government size, Journal of Economic Dynamics and Control, 32, 571–593.10.1016/j.jedc.2007.02.006
- Aregbeyen, O., Kolawole, B. (2015). Oil revenue, public spending and economic growth relationships in Nigeria. Journal of Sustainable Development, 8 (3), 113–123.10.5539/jsd.v8n3p113
- Cohen, D., Follette, G. (2000). The automatic fiscal stabilizers: Quietly doing their thing. Federal Reserve Bank of New York Economic Policy Review April, 35–68.
- Demachi, K. (2012). The effect of crude oil price change and volatility on the Nigeria economy. MPRA Paper 41143.
- Dickey, D., Fuller, W. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49, 1057–1072.10.2307/1912517
- Erkki, K., Matti, V. (2004). Government size and output volatility: New International Evidence. Government institute of economic research, Helsinki, Finland.
- Fajingbesi, A., Odusola A. (1999). Public expenditure and growth. A paper presented at a training programme on fiscal policy planning management in Nigeria, organized by NCEMA, Ibadan, Oyo State, 137–179.
- Fatas, A., Mihov, I. (2001). Government size and automatic stabilisers: International and intra-national evidence. Journal of International Economics, 55, 3–28.10.1016/S0022-1996(01)00093-9
- Gali, J. (1994). Government size and macroeconomic stability. European Economic Review, 38, 117–132.10.1016/0014-2921(94)90009-4
- Guo, J-T., Harrison, S. (2006). Government size and macroeconomic stability: A comment. European Economic Review, 50 (5), 1339–1346.10.1016/j.euroecorev.2005.03.007
- Ighodaro, C., Oriakhi, D. (2010). Does the relationship between government expenditure and economic growth follow Wagner’s Law in Nigeria? Annals of the University of Petrosani, Economics, 10 (2), 185–198.
- Ilaboya, J., Ofiafoh, E. (2014). Tax ratio and output volatility: Linear time series evidence from Nigeria. Journal of Business Studies Quarterly, 3 (4), 245–267.
- Jamil, M., Streissler, E., Kunst, R. (2012). Exchange rate volatility and its impact on industrial production, before and after the introduction of common currency in Europe. International Journal of Economics and Financial Issues, 2 (2), 85–109.
- Kim, D., Lee, C-I. (2007). Government size and inter-sectoral income fluctuations: An international panel analysis. Working paper WP/07/93, International Monetary Fund, Washington, D.C.
- Kontonikas, A. (2004). Inflation and inflation uncertainty in the United Kingdom: Evidence from GARCH modelling. Economic Modelling, 21 (3), 525–543.10.1016/j.econmod.2003.08.001
- Maku, O. (2009). Does government spending spur economic growth in Nigeria? MPRA Paper, 17941.
- Mohanty, M., Zampoli, F. (2009). Government size and macroeconomic stability, BIS Quarterly Review, December, 55–68.
- Nurudeen, A., Usman A. (2010). Government expenditure and economic growth in Nigeria, 1970–2008: A disaggregated analysis. Business and Economic Journal, BEJ-4. Retrieved from: http://astonjournals.com/manuscripts/Vol2010/BEJ-4_Vol2010.pdf.
- Nwosa, P., Omolade, A. (2017). Determinants of fdi and fpi volatility: An E-GARCH approach. CBN Journal of Applied Statistics, 8 (2), 47–67.
- Ogbole, O., Amadi, S., Essi, I. (2011). Fiscal policy: Its impact on economic growth in Nigeria (1970–2006). Journal of Economics and International Finance, 3, 407–417.
- Oteng-Abayie, E., Frimpong, J. (2006). Bounds testing approach to co-integration: An examination of foreign direct investment, trade and growth relationships. American Journal of Applied Sciences, 3 (11), 2079–2085.
- Oyinlola, O. (1993). Nigeria’s national defence and economic development: An impact analysis. Scandinavian Journal of Development Alternatives, 12 (3), 241–253.
- Persson, T., Tabellini, G. (2001). Political institution and policy outcomes: What are the stylised facts? Mimeo, February.10.2139/ssrn.270935
- Phillips, P.C.B., Perron, P. (1988). Testing for unit roots in time series regression. Biometrika, 75, 335–346.10.1093/biomet/75.2.335
- Rodrik, D. (1998). Why do more open economics have bigger governments? Journal of Political Economy, 106 (5), 997–1032.10.1086/250038
- Van der Noord, P. (2000). The size and role of automatic stabilization in the 1990s and beyond. Economics Department Working Paper, 230.
- Xavier, D., Jean, P-F., Andre, S. (2008). Government size and output volatility: Should we forsake automatic stabilization? IMF Working Paper, WP/08/122.10.5089/9781451869828.001
Language: English
Page range: 286 - 301
Submitted on: Oct 1, 2019
Accepted on: Mar 30, 2020
Published on: Aug 20, 2020
Published by: Sciendo
In partnership with: Paradigm Publishing Services
Publication frequency: 2 times per year
Related subjects:
© 2020 Philip I. Nwosa, Chris Ehinomen, Ephraim Ugwu, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.