DOES COMPLEMENTING FISCAL CAPACITY WITH
INSTITUTIONAL QUALITY ACCENTUATE SOCIAL
PROTECTION SPENDING? INSIGNT FROM NIGERIA DATA
DOES COMPLEMENTING FISCAL CAPACITY WITH
INSTITUTIONAL QUALITY ACCENTUATE SOCIAL
PROTECTION SPENDING? INSIGNT FROM NIGERIA DATA
Author(s): Richardson Kojo Edeme, Chukwuemeka Valentine OKOLO, Innocent Abanum Ifelunini, Nelson C NKALUSubject(s): National Economy, Economic development, Financial Markets, Globalization, Socio-Economic Research
Published by: Univerzita J. Selyeho, Fakulta ekonómie a informatiky
Keywords: Fiscal capacity; institutional quality; social protection spending; sustainability; Autoregressive Distributed Lag model;
Summary/Abstract: It has been argued that extreme poverty and inequality can be reducedthrough proper social protection programmes. This study sought to analyze fiscalcapacity, institutional quality and social protection spending in Nigeria using theAutoregressive Distributed Lag (ARDL) Bound Testing to cointegration approach.Variables such as per capita GDP, gross saving rate, inflation rate, debt service,real per capita expenditure on infrastructure were included in our model aspredictors of social protection spending. Findings suggests that increase in fiscalcapacity and per capita GDP accentuates social protection spending which largelydepends to great extent on quality of institution.
Journal: Acta Oeconomica Universitatis Selye
- Issue Year: 8/2019
- Issue No: 1
- Page Range: 63-76
- Page Count: 14
- Language: English