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.
|Number of pages||13|
|Journal||Acta Oeconomica Universitatis Selye. International Scientific Journal|
|Publication status||Published - Jun 2019|
- Fiscal capacity
- institutional quality
- social protection spending
- Autoregressive Distributed Lag model