The paper analyses the effect of government expenditure on gross domestic private investment in N... more The paper analyses the effect of government expenditure on gross domestic private investment in Nigeria using time series annual data for 34 years. Multiple regression and cointegration methods were used to analyse the data. Result of the analysed data revealed that the actual impact of government expenditure on private investment varies depending on the type of expenditure under consideration. The negative relationship established that the federal government recurrent expenditure crowded out or substituted for private investment in the period under study. Furthermore, the study revealed a positive effect of inflation rate on private investment. The analysis suggests that government should give more priorities to expenditures that compliment private investment rather than spending on expenditures that substitute for private investment.
This paper uses the multiple regression analyses to investigate the extent to which government sp... more This paper uses the multiple regression analyses to investigate the extent to which government spending crowd in or crowd out private investment in Nigeria. The analysis is conducted using 34 years of annual data for Nigeria. The paper lays emphasis on disaggregating the capital and recurrent spending of the federal government and examining their separate effect on private investment. The analysis suggests that effective macroeconomic management be ensued in order to cushion the adverse effect of rising inflation on private investment.
Journal of Economics and Sustainable Development, 2013
This paper attempts to examine the relationship between money supply, interest rate, income growt... more This paper attempts to examine the relationship between money supply, interest rate, income growth and inflation rate in Nigeria for the period 1980-2010. The paper employed a cointegration method, VAR, and Granger causality test to examine the relationship among the variables. Based on this approach, the paper found that there is no long run relationship among the variables and granger causality test shows a bidirectional relationship between money supply and inflation, income growth and inflation and interest rate and inflation. The granger causality test also revealed that money supply, interest rate, and income growth all granger cause inflation. Based on these findings, this study recommends appropriate control and management of money supply, interest rate and inflation rate.
The study examined the economic determinants of agricultural productivity in Nigeria from 1981 – ... more The study examined the economic determinants of agricultural productivity in Nigeria from 1981 – 2017, using ARDL technique. The outcome of the study confirms the long run linkage among the variables of the model. The estimated ARDL result reveals that the labor force and real exchange rate influence agricultural productivity positively, while the inflation rate are negatively in Nigeria. Hence it is recommends that the government and policy makers should encourage and assist farmers through agricultural programs and seminar Like (Anchor Borrowers, introducing new yield pest side, insecticide and newly agricultural techniques of production as well as agricultural mechanization) and programs such as operation feed the Nation (OFN), agricultural credit guarantee scheme fund (ACGSF) especially in Rural areas in order to increase more agricultural productivity in Nigeria.
The paper analyses the effect of government expenditure on gross domestic private investment in N... more The paper analyses the effect of government expenditure on gross domestic private investment in Nigeria using time series annual data for 34 years. Multiple regression and cointegration methods were used to analyse the data. Result of the analysed data revealed that the actual impact of government expenditure on private investment varies depending on the type of expenditure under consideration. The negative relationship established that the federal government recurrent expenditure crowded out or substituted for private investment in the period under study. Furthermore, the study revealed a positive effect of inflation rate on private investment. The analysis suggests that government should give more priorities to expenditures that compliment private investment rather than spending on expenditures that substitute for private investment.
This paper uses the multiple regression analyses to investigate the extent to which government sp... more This paper uses the multiple regression analyses to investigate the extent to which government spending crowd in or crowd out private investment in Nigeria. The analysis is conducted using 34 years of annual data for Nigeria. The paper lays emphasis on disaggregating the capital and recurrent spending of the federal government and examining their separate effect on private investment. The analysis suggests that effective macroeconomic management be ensued in order to cushion the adverse effect of rising inflation on private investment.
Journal of Economics and Sustainable Development, 2013
This paper attempts to examine the relationship between money supply, interest rate, income growt... more This paper attempts to examine the relationship between money supply, interest rate, income growth and inflation rate in Nigeria for the period 1980-2010. The paper employed a cointegration method, VAR, and Granger causality test to examine the relationship among the variables. Based on this approach, the paper found that there is no long run relationship among the variables and granger causality test shows a bidirectional relationship between money supply and inflation, income growth and inflation and interest rate and inflation. The granger causality test also revealed that money supply, interest rate, and income growth all granger cause inflation. Based on these findings, this study recommends appropriate control and management of money supply, interest rate and inflation rate.
The study examined the economic determinants of agricultural productivity in Nigeria from 1981 – ... more The study examined the economic determinants of agricultural productivity in Nigeria from 1981 – 2017, using ARDL technique. The outcome of the study confirms the long run linkage among the variables of the model. The estimated ARDL result reveals that the labor force and real exchange rate influence agricultural productivity positively, while the inflation rate are negatively in Nigeria. Hence it is recommends that the government and policy makers should encourage and assist farmers through agricultural programs and seminar Like (Anchor Borrowers, introducing new yield pest side, insecticide and newly agricultural techniques of production as well as agricultural mechanization) and programs such as operation feed the Nation (OFN), agricultural credit guarantee scheme fund (ACGSF) especially in Rural areas in order to increase more agricultural productivity in Nigeria.
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Papers by Muhammad Bello