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首页> 外文期刊>Bulletin of Geography. Socio - Economic Series >Public spending mechanisms and gross domestic product (GDP) growth in the agricultural sector (1970–2016): Lessons for Nigeria from agricultural policy progressions in China
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Public spending mechanisms and gross domestic product (GDP) growth in the agricultural sector (1970–2016): Lessons for Nigeria from agricultural policy progressions in China

机译：农业部门的公共支出机制和国内生产总值（GDP）增长（1970-2016年）：尼日利亚从中国农业政策发展中获得的教训

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China has pursued a sustainable path of development in line with reality for four decades. Economic restructuring started in its vast rural areas, focusing on reforms targeting income increase for rural farmers. These radical sustainable policies that China’s political leaders imbibed were not embraced by Nigeria's past leaders and these resulted in the bane of underdevelopment. The study examines the level and composition of the drivers of public-spending policy mechanisms that contribute to gross domestic product (GDP) growth in the agricultural sector in China and Nigeria and draws up a model of Chinese development for Nigeria. Secondary data was used and were sourced from FAOSTAT and International Monetary Fund's Government-Finance Statistics (various issues) from 1970–2016. Random-effects model results revealed that the policy of public-expenditure (PUEXP) and intervention (INTEV) variables were significant but negative, while enterprise-development (ENTDEV), drivers of development (DRIVERS) and Dummy D1t (modest public-expenditure access) were significant and positive for Nigeria. Three variables were significant and positive. The dummies D1t and D2t (macro-economic stability) were positive and significant for China. Public-expenditure and GDP growth has an inverse relationship in Nigeria, but a direct relationship in China. In Nigeria, PUEXP coefficient is ?0.6810 and 0.8902 for China. Hence, macro-economic stability, enhanced market mechanisms and economic progress resulted in China and hereby lessons are drawn for Nigeria. Public leaders are responsible for governing the market in a manner that induces businesses to produce public value. However, if public-policy mechanisms are not well-designed to fit the economy's needs it could significantly influence the economy in a negative way, and the society bears the costs.
机译：中国走了符合现实的可持续发展道路已有四十年了。经济改革开始于其广大的农村地区，重点是针对增加农民收入的改革。中国政治领导人实施的这些激进的，可持续的政策未被尼日利亚的前任领导人所接受，这导致了不发达的祸根。该研究考察了有助于中国和尼日利亚农业部门国内生产总值（GDP）增长的公共支出政策机制的驱动因素的水平和构成，并为中国在尼日利亚的发展模型提供了模型。使用了二级数据，这些数据来自1970-2016年的FAOSTAT和国际货币基金组织的政府财政统计数据（各种问题）。随机效应模型结果显示，公共支出（PUEXP）和干预（INTEV）变量的政策很重要但为负，而企业发展（ENTDEV），发展驱动力（DRIVERS）和虚拟D1t（适度的公共支出渠道） ）对尼日利亚具有重要意义和积极意义。三个变量是显着的和积极的。假人D1t和D2t（宏观经济稳定）对中国来说是积极且重要的。在尼日利亚，公共支出与GDP增长成反比关系，而在中国则成直接关系。在尼日利亚，PUEXP系数为0.6810，而中国为0.8902。因此，中国产生了宏观经济稳定，市场机制增强和经济进步的特点，在此汲取了尼日利亚的经验教训。公共领导者负责以诱使企业创造公共价值的方式来管理市场。但是，如果公共政策机制的设计不符合经济需求，则可能会对经济产生负面影响，而社会将承担成本。

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