IMPACT OF PUBLIC EXPENDITURE TOWARDS ECONOMIC GROWTH / DEVELOPMENT (A COMPARATIVE ANALYSIS BETWEEN NIGERIA AND BRITAIN)


IMPACT OF PUBLIC EXPENDITURE TOWARDS ECONOMIC GROWTH / DEVELOPMENT (A COMPARATIVE ANALYSIS BETWEEN NIGERIA AND BRITAIN)

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The impact of pubic expenditure in developing economy, a comparative study of Nigeria and Britain specifies a linear public expenditure functions.

          Public expenditure can be seen as the measures through which allocate efficiency or Pareto Optimality can be attained, it comes in the commanding heights of the economy and take all  major decisions for allocation of scarce economic resources efficiently and effectively.

          The government through its activities of levying taxes, undertaking expenditures on commodities, making direct money transfers to individuals and /or firms as well as the establishment of regulatory standards for the operation of her economy.

          Therefore, given the influence of public expenditure on the demand and supply patterns in the economy, public expenditures carries the implications.

For stability, growth and development, hence the social welfare and distributive justice are directly implicated.

          To determine the extent to which the repressor affects the regress, data yeas collected for a eight year period f 1996 – 2003 from secondary data  sources.  The ordinary least square regression analysis was used to analysis the data collected the standard error test and the t-test was used to treasure the size f the error in the estimates and to test the reliability of the parameter estimates respectively.  Also the analysis of variance (ANOVA) was used to test the overall significance f the regression analysis model, which shared that the R2 statistically significant.

          The study at the end made some necessary recommendations that should be adopted by government and its authorities for improvement of public expenditure vis-a vis standard f living f the citizens.

TABLE OF CONTENTS

Title Page             …      …      …      …      …      …      …      …      i

Abstract               …      …      …      …      …      …      …      …      ii

Certification      …         …      …      …      …      …      …      …               iii

Dedication            …      …      …      …      …      …      …      …               iv

Acknowledgement  …    …      …      …      …      …      …               v

Proposal               …      …      …      …      …      …      …      …      vi

Table of Content    …    …      …      …      …      …      …               vii

CHAPTER ONE

1.0            Background of the study

1.1     Statement of the Problem

1.2            The purpose of the study

1.3            Objectives of the study

1.4            The Hypothesis if the study

1.5            The research Question of the study

1.6            The Limitations of the study

1.7            Significance of the study

1.8            Scope of the study

1.9            Definition of terms.

CHAPTER TWO

2.0            Introduction to Literature Review

2.1     Definition of public expenditure

2.2            Classification of public Expenditure

2.3            Importance for public expenditure

2.4            Changes in public expenditure

2.5            Principles of public expenditure

2.6            Determinants of public expenditure

2.7            Economic development

CHAPTER THREE

3.0            Introduction

3.1     Definition of Area and population of study

3.2            Procedures for data Collection

3.3            Procedures for data analysis

3.4            Public Expenditure Functions

3.5            The need for Public expenditure

CHAPTER FOUR

4.0            Presentation of data collected

4.1     Presentation of result (Britain)

4.2   Interpretation of Results

 4.2.1 Standard Error test

4.2.2          The T – Test

4.3                  Analysis of Variance

4.4                  Discussion of result (Britain)

4.5                  Presentation of Result (Nigerian)

4.5.1 Interpretation of result

4.5.2          Standard Error Test

4.6                  The T-Test

4.6.1          Analysis of variance

4.7                  Discussion of Result (Nigeria)

CHAPTER FIVE

5.0            Summary /finding, Conclusion and Policy Recommendation

5.1     Summary of Finding

5.2            Conclusion

5.3            Recommendations

Bibliography

CHAPTER ONE

INTRODUCTION

1.0            BACKGROUND OF THE STUDY

Amongst scholars, economic growth have been referred to as the study process by which the productive capacity of the economy is increased overtime to being about increases in the output of goods about services sand rising levels of national income.

In short, it mean growth in the output of goods and services (i.e growth in GNP) However, the function of public expenditure and its impact to economic development could be traced by throwing more lines on the meaning of public expenditure.

According to an economics dictionary by J. L HANSON:  Public expenditure have bee stated and the amount of money spent by a state or a supreme recognized region on its defense.  Education and other social services, interest on National debts, capital investments etc.  Therefore, public expenditures on economic development is traditionally applied tot he package of policy problems that involves the use of fax and expenditure measures.  This economic development measures have been seen as a conscious and deliberate effort by the government to influence, direct and control the path of progress f the country.

It involves the government’s directive and actives interference with the market mechanisms either to supplement or to supplant it.

It is generally done by directly allocating or influencing the allocations of the society’s resources (both human and maternal) according to some predetermined objectives and thus, it involves the government in conceiving, initiating, regulating and controlling economic activities in the system, 

However, the impact of public expenditure on economic development have been to weighting the economic standard of a country ads to determing its

IMPACT OF PUBLIC EXPENDITURE TOWARDS ECONOMIC GROWTH / DEVELOPMENT (A COMPARATIVE ANALYSIS BETWEEN NIGERIA AND BRITAIN)

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  • TYPE : PROJECT MATERIAL
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  • PAGES : 90 Pages
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To determine the extent to which the repressor affects the regress, data yeas collected for a eight year period f 1996 – 2003 from secondary data sources. The ordinary least square regression analysis was used to analysis the data collected the standard error test and the t-test was used to treasure the size f the error in the estimates and to test the reliability of the parameter estimates respectively. Also the analysis of variance (ANOVA) was used to test the overall significance f the regression analysis model, which shared that the R2 statistically significant... accounting project topics

IMPACT OF PUBLIC EXPENDITURE TOWARDS ECONOMIC GROWTH / DEVELOPMENT (A COMPARATIVE ANALYSIS BETWEEN NIGERIA AND BRITAIN)