Investigating a dynamic relationship between oil revenue, government expenditure and GDP per capita growth : the Nigerian experience
作者: Omowumi IledareGershon ObindahIgwe Ikechukwu
作者单位: 1University of Port Harcourt, Nigeria
2Covenant University, Nigeria
刊名: Journal of Emerging Trends in Economics and Management Sciences, 2018, Vol.9 (3), pp.122-131
来源数据库: Sabinet
关键词: Gross domestic product per capitaOil revenueVector autoregressionNigeria
原始语种摘要: Within the last four decades, Nigeria economy has been struggling through a recovery process for the GDP per capita, the living standard and wellbeing of her citizens to improve. This paper examines oil revenue management and its impact on gross domestic product per capita in Nigeria from 1970 to 2015 using econometric techniques of vector autoregressive (VAR) model. The pre-estimation, tests (unit root, cointegration and lag selection criteria) informed the decision to estimate a vector error correction mechanism. The VECM estimate shows that one period lag of oil revenue had a positive but an insignificant impact on gross domestic product per capita. Furthermore, government expenditure and national savings had a negative, butan insignificant impact on gross domestic product per capita....
全文获取路径: Sabinet 

  • expenditure 支出
  • revenue 收入
  • savings 储蓄
  • autoregression 自回归
  • government 政府
  • GDP Generalized Data base Processor
  • growth 生长
  • domestic 国产的
  • autoregressive 自回归
  • estimate 估计