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Government expenditure and service sector growth in Nigeria

100%
Nwosa P. I., Tijani S. O.
Journal of Economics and Management
|
2020
|
vol. 40
74-90
EN
Aim/purpose – This study aims at examining the contribution of government expenditure on service sector growth in Nigeria for the period 1970 to 2017. The service sector and government intervention are vital to economic growth of any country, hence this study. Design/methodology/approach – The study utilised the co-integration and the error correction modelling techniques. The study also conducted the stationarity tests. Findings – The regression estimates showed that government expenditure had negative and significant impact of service sector growth in Nigeria. Research implications/limitations – The implication of the findings of this study is that government expenditure over the years has not contributed positively to enhance the growth of the service sector; the study therefore recommends the need for completion of various abandoned and on-going infrastructural projects, such as road construction, water provision and electrification projects, which are vital to the growth of the service sector. Moreover, the government can through the monetary authority issue directives deposit money in banks to give loans at a reduced interest rate to investors in the service sector. Originality/value/contribution – This study has been able to show that there is the need for greater financial commitment of the government in order to improve the growth of the service sector.
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The impact of government consumption on the private expenditures in developing country: the case of Indonesia

88%
Kuncoro H.
Business and Economic Horizons
|
2018
|
vol. Volume 14
|
issue Issue 1
1-16
EN
The relationship between government actions and private reactions is an important subject of continuing discussion in fiscal policy. This paper provides empirical evidence on the impact of government consumption on private expenditures in the case of Indonesia over the period of 1990–2012. We use Almost Ideal Demand System (AIDS) model to analyze the quarterly data of household consumption, investment, government spending, and import in compliance with the national income product based on expenditure approach. The results confirm that the government expenditure crowds-out household consumption. In contrast, it crowds-in firm investment and import. The elasticity of government expenditure with respect to income is the lowest while that of investment is the highest. Those findings suggest that the public sector is decreasing in relative importance gradually taken over by private sector to promote economic growth. As the economy grows, the economic policies of governments should have a tendency to more heavily focus on economic stabilization especially in relation to external imbalance induced by tendency of increase in import.
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