alexa Abstract | Nigeria Economic Recess versus Wagner’s Law and Keynesian Proposition
ISSN: 2162-6359

International Journal of Economics & Management Sciences
Open Access

OMICS International organises 3000+ Global Conferenceseries Events every year across USA, Europe & Asia with support from 1000 more scientific Societies and Publishes 700+ Open Access Journals which contains over 50000 eminent personalities, reputed scientists as editorial board members.

Open Access Journals gaining more Readers and Citations

700 Journals and 15,000,000 Readers Each Journal is getting 25,000+ Readers

This Readership is 10 times more when compared to other Subscription Journals (Source: Google Analytics)

Research Article Open Access


This study is a follow-up on effectiveness of government strategies to redress the current Nigeria economic recess. Specifically, the study examined the adequacy of public expenditure led approaches to retract the negative growth of national income. In order to achieve this, the paper examines the validity of Wagner’s law and Keynesian proposition in Nigeria using Toda and Yamamoto and Dolado and Lutkepohl (TYDL) approaches to causality within the frameworks of augmented VAR and Block Exogeneity Wald test. The study employed aggregate and disaggregated government expenditure under six different sub divisions. The results show that five of the six pairs of the expenditure components, which includes, total government expenditure, capital expenditure, expenditure on economic activities, expenditure on general administration and expenditure on agriculture support Wagner’s law, only expenditure on agriculture supports Keynesian proposition on bidirectional causality while no causality is found for recurrent expenditure. It is therefore evidenced that Wagner’s law is strongly supported in Nigeria, thus suggests that private sector led approach would be more appropriate for Nigeria economic recovery than the current expansionary fiscal policy approach of the government.

To read the full article Peer-reviewed Article PDF image | Peer-reviewed Full Article image

Author(s): Adebayo Adedokun and Clement Olalekan Olaniyi


Administration, Economic recovery, Management strategy, Economic Capital, Financial Economics, Hospitality Management, Industrial and Management Optimization, Innovation Policy and the Economy, Socio-Economic Planning Sciences, Economic indicator, Total Quality Management (TQM), Value based Management, Entrepreneurial Development, Management in Education, Classical Economics, Monetary Neutrality, Econometrics, New Economy, Welfare Economics, Development Economics, Economic Transparency, Globalisation, Game theory

Share This Page

Additional Info

Loading Please wait..
Peer Reviewed Journals
Make the best use of Scientific Research and information from our 700 + peer reviewed, Open Access Journals
International Conferences 2017-18
Meet Inspiring Speakers and Experts at our 3000+ Global Annual Meetings

Contact Us

© 2008-2017 OMICS International - Open Access Publisher. Best viewed in Mozilla Firefox | Google Chrome | Above IE 7.0 version