The study adopted the ex-post facto research design using the ordinary least square regression analysis to estimate the model specified. Real Gross Domestic Product (RGDP) was adopted as the dependent variable while government capital expenditure (CAPEXP) and government recurrent expenditure (RECEXP) represent the independent variables. Two hypotheses which flowed from the research questions were tested with the application of Johansen Rank Cointegration Test and Error Correction Mechanism. The result showed that capital expenditure has positive but not significant effect on Nigeria’s economic growth (coefficient of CAPEXP = 1.599, t-value = 0.809). The probability value of 0.4251 > 0.05 c Download
Instant paper submission
Free plagiarism checking
No copyright transfer
Subject specific journals
Author loyalty reward