Abstract
This study investigated the relationship between public expenditure and economic growth in Nigeria within 1999 and 2021 fiscal years. Capital expenditure proxied the predictor variable; public expenditure. The criterion variable economic growth; was measured in terms of gross domestic product, human development index, and unemployment rate. The study adopted the inter-relationship descriptive research design. The population for the study consisted of 23 fiscal years, out of which; a sample of 20 years was drawn. Secondary data used for analysis was sourced from Aaron (2021), MicroTrend (2021), CBN Statistical Bulletin (2020), National Bureau of Statistics (NBS), and from other sources. Data was analyzed in descriptively and inferentially. The study found that capital expenditure has insignificant positive relationship with gross domestic product; moderately significant but negative relationship with human development index; and has strongly significant negative relationship with unemployment rate. It was observed that inflation exerts insignificant influence in the relationship between public expenditure and economic growth in Nigeria during the study period. The study recommended among other things, that; government policy makers should ensure the presence of national goal unification both in state and federal government expenditure.
References
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