The study examined the impact of government expenditure on economic growth in Nigerian between the period of 2000 and 2022.Government expenditure proxied into government expenditure on health and expenditure on education while economic growth proxied Gross Domestic Product per capita and the inclusion of control variables, inflation rate and exchange rate. Secondary data was employed through the Nigerian Bureau of Statistics for the period of 2000 to 2022 while Expo Facto research design, OLS, correlation, and co integration techniques and diagnostic tests were employed as solid empirical foundation for the analyses in the study. The study revealed that Inflation and Exchange rate showed a negative impact on GDP per capita within the examined period with p value < 0.005 and Government Expenditure on Health (GEXPH) emerges as a potent driver of Gross Domestic Product Per Capita (GDPPC), underlining the significant positive impact of healthcare investment on economic output with Government Expenditure on Education (GEXPED).In conclusion, the study targeted investments in healthcare, education and health play with crucial roles in fostering a sustainable economic growth. The study recommended that policymakers should prioritize and enhance investments in healthcare and education sectors to boost human capital development and drive sustained economic growth.
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Owolabi et al. (Fri,) studied this question.
synapsesocial.com/papers/68c1a12d54b1d3bfb60dc2c6 — DOI: https://doi.org/10.58806/ijiissh.2025.v2i7n02
Oluwasikemi Janet Owolabi
Pan-Atlantic University
ADUBUOLA Olubunmi
Musibau A. Azeez
Ladoke Akintola University of Technology
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