The Effect of Fiscal Policy on Economic Development: A Comparative Study on Gross Domestic Product and Human Development Index in Nigeria 1990-2017 (Published)
This study sought to provide more insights on the topic “fiscal policy and economic development” by extending its focus to examining the relationship between fiscal policy and economic development using human development index (HDI) as a more comprehensive representation of human and economic progress than the gross domestic product (GDP). The study adopts an ex-post facto research design to enable the use of Nigerian time series data from 1990 to 2017in an Ordinary Least Square (OLS) regression technique for analyses. Findings reveal that fiscal policy variables such as government revenue and expenditure have negative effect on the gross domestic product but positive and significant on human development index of Nigeria, while government debt has positive effect on GDP and significantly negative effect on HDI. Results further reveal interesting outcomes on the effect of fiscal policy on Nigeria’s economic development such trade depicting a negative and significant effect on HDI but positive and insignificant for GDP. The study, therefore recommends that using HDI to measure the effect of fiscal policy may be a better approach to measuring economic development. Also, that the government of Nigeria should engage in more productive and try to improve on the mechanisms to grow its revenue to enhance economic development in Nigeria.
Keywords: Economic Development, Fiscal Policy, Gross Domestic Product, Human Development Index
The Effect of Fiscal Policy on Economic Development:A Comparative Study on Gross Domestic Product and Human Development Index in Nigeria 1990-2017 (Published)
This study sought to provide more insights on the topic “fiscal policy and economic development” by extending its focus to examining the relationship between fiscal policy and economic development using human development index (HDI) as a more comprehensive representation of human and economic progress than the gross domestic product (GDP). The study adopts an ex-post facto research design to enable the use of Nigerian time series data from 1990 to 2017in an Ordinary Least Square (OLS) regression technique for analyses. Findings reveal that fiscal policy variables such as government revenue and expenditure have negative effect on the gross domestic product but positive and significant on human development index of Nigeria, while government debt has positive effect on GDP and significantly negative effect on HDI. Results further reveal interesting outcomes on the effect of fiscal policy on Nigeria’s economic development such trade depicting a negative and significant effect on HDI but positive and insignificant for GDP. The study, therefore recommends that using HDI to measure the effect of fiscal policy may be a better approach to measuring economic development. Also, that the government of Nigeria should engage in more productive and try to improve on the mechanisms to grow its revenue to enhance economic development in Nigeria.
Keywords: Economic Development, Fiscal Policy, Gross Domestic Product, Human Development Index
ECONOMETRIC STUDY OF OFFICIAL DEVELOPMENT ASSISTANCE AND THE FIGHT AGAINST POVERTY: THE CASE OF MAURITANIA (Published)
In this study we identify economic concepts and lay down some suggestions for reduction of poverty in Mauritania with regards to Official Development Assistance (ODA). Given that Official Development Assistance will presumably have a positive effect on the human development index, our study is the case of Mauritania to show the opposite. This can be explained by the lack of adequate economic policy monitoring mechanism of assistance to deal with corruption for a good distribution of aid and optimize the management of the latter. In view of the potential role of ODA in Mauritania, we identify some recommendations that could meet part of the two concerns which raises ODA in general: that of the transmission channels and the quality of institutions
Keywords: Gross domestic product per capita., Human Development Index, Index of instruction, Official Development Assistance, Public Assistance Development