FISCAL POLICY AND EMPLOYMENT GENERATION IN NIGERIA

European Journal of Economic and Financial Research Pub Date : 2022-06-17 DOI:10.46827/ejefr.v6i2.1282

C. George-Anokwuru

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Abstract

This paper investigated the influence of fiscal policy on employment generation in Nigeria. The analyzed data, spanning 1981 to 2020 were obtained from the statistical bulletin of Nigeria’s apex bank and the country’s Bureau of Statistics. The Error Correction Model was applied as the main analytical tool. The results showed that aggregate government expenditure has a positive but insignificant influence on the employment rate. In addition, total tax revenue and external debt service have negative and insignificant influences on the employment rate in Nigeria. What this suggests is that fiscal policy tools of aggregate government expenditure, total tax revenue and external debt service have not effectively helped to increase the level of employment in Nigeria. Generating from the findings, this paper suggested that government should maintain fiscal prudence and ensure that total tax revenue is efficiently and effectively utilized to provide infrastructural facilities and social amenities that will help the various sectors of the economy to function very well thereby generating enough employment in the country.JEL: O15; E24; J21; H60 Article visualizations:

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尼日利亚的财政政策和创造就业

本文研究了尼日利亚财政政策对就业产生的影响。所分析的1981年至2020年的数据来自尼日利亚最高银行和该国统计局的统计公报。采用误差修正模型作为主要的分析工具。结果表明，政府总支出对就业有显著的正向影响，但影响不显著。此外，税收总额和外债还本付息对尼日利亚的就业率有消极和不显著的影响。这表明，政府总支出、税收总额和外债还本付息等财政政策工具并没有有效地帮助提高尼日利亚的就业水平。根据调查结果，本文建议政府应保持财政审慎，并确保总税收被有效地用于提供基础设施和社会福利，这将有助于经济的各个部门运作良好，从而在该国创造足够的就业机会。凝胶:O15;E24;J21;H60文章可视化:

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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European Journal of Economic and Financial Research

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