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首页> 外文期刊>International Journal of Accounting and Economics Studies >The effects of fiscal operations on economic growth and stability in Nigeria: empirical evidence based on time series data
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The effects of fiscal operations on economic growth and stability in Nigeria: empirical evidence based on time series data

机译：尼日利亚财政运作对经济增长和稳定的影响：基于时间序列数据的经验证据

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This study examines the effects of fiscal operations on the economic growth and stability with the view to identifying its significance on real output growth and sustainable development. The study utilises an annual time series data covering the period of 1980 to 2015 and further adopts an ARDL model for estimation. The estimated model is sub-divided into two: the Baseline model and the Alternative model. While the former measures the effects of economic growth, the latter accounts for the effects of economic stability. The ARDL Bound testing show the existence of long-run relationship among the examined variables in both the two models, with corresponding F-statistic values of 7.62 and 6.67, respectively. The overall results indicate that fiscal operations lead to economic growth as shown by the Baseline model; and it also leads to economic stability as revealed by the Alternative model. It can therefore be concluded that any meaningful spending with corresponding taxation will improve the public sector performance and produce a desirable outcome on output growth and strengthen the capability of fiscal operations in terms of economic management. There is an urgent need to ensure that appropriate fiscal operations are conducted and do not result in excess liquidity beyond the absorptive capacity of the economy.
机译：这项研究研究了财政运作对经济增长和稳定的影响，以期确定其对实际产出增长和可持续发展的意义。该研究利用了1980年至2015年期间的年度时间序列数据，并进一步采用了ARDL模型进行估算。估计的模型分为两个模型：基准模型和替代模型。前者衡量经济增长的影响，而后者则说明经济稳定的影响。 ARDL Bound测试表明，两个模型中的检查变量之间都存在长期关系，相应的F统计值分别为7.62和6.67。总体结果表明，如基准模型所示，财政运营可以促进经济增长;正如替代模型所揭示的，这也导致了经济稳定。因此可以得出结论，任何有意义的支出和相应的税收将改善公共部门的绩效，并在产出增长方面产生可取的结果，并在经济管理方面增强财政运作的能力。迫切需要确保进行适当的财政运作，并且不会导致超出经济吸收能力的流动性过剩。

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