Does Complementing Fiscal Capacity with Institutional Quality Accentuate Social Protection Spending? Insight from Nigeria Data.

Richardson Kojo Edeme* (Corresponding Author), C V Okolo, Innocent A. Ifelunini, Nelson C. Nkalu

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

It has been argued that extreme poverty and inequality can be reduced through proper social protection programmes. This study sought to analyze fiscal capacity, institutional quality and social protection spending in Nigeria using the Autoregressive 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 as predictors of social protection spending. Findings suggests that increase in fiscal capacity and per capita GDP accentuates social protection spending which largely depends to great extent on quality of institution.
Original languageEnglish
Pages (from-to)63-76
Number of pages13
JournalActa Oeconomica Universitatis Selye. International Scientific Journal
Volume8
Issue number1
Publication statusPublished - Jun 2019

Keywords

  • Fiscal capacity
  • institutional quality
  • social protection spending
  • sustainability
  • Autoregressive Distributed Lag model

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