RESPONSIVENESS OF THE GROWTH OF THE NIGERIA ECONOMY TO THE REVENUE PROFILE OF THE GOVERNMENT | Journ
This study was set out to evaluate the impact of government revenue on the growth of the Nigerian economy. Using time-series data covering the period 1981 to 2018 and adopting the ARDL framework, the study tested for both short-run and long-run relationship including adjustment profile. It was found that economic growth is a positive and significant function of oil revenue in Nigeria within the studied period. Nonoil revenue was found to positively but non-significantly affect the growth of the Nigerian economy. A long run cointegrating relationship was found amongst the studied variables with the error correction model showing an 11% adjustment speed from short-run disequilibrium to long run equilibrium. Based on the finding, it is recommended that government should diversify the economy to allow for enhanced revenue and growth. Please read full article - http://www.ikprress.org/index.php/JET/article/view/4804 [if !supportLineBreakNewLine] [endif]