Quick Menu

Upcoming Journals

Asian Journal of Economics, Business and Accounting

Asian Journal of Economics, Business and Accounting, ISSN: 2456-639X,Vol.: 5, Issue.: 4


Government Expenditure and Economic Growth in Lower Middle Income Countries in Sub-Saharan Africa: An Empirical Investigation


Kenneth O. Diyoke1*, Abubakar Yusuf2 and Erkan Demirbas1

1Nile University of Nigeria, Nigeria.

2National Metallurgical Development Center (NMDC), Jos, Nigeria.


Article Information
(1) Adina Dornean, Assistant Professor, Alexandru Ioan Cuza University of Iasi, Romania.
(1) John Kingu Nasania, Institute of Finance Management, Tanzania.
(2) Sylvester Ohiomu, Edo University, Nigeria.
Complete Peer review History: http://www.sciencedomain.org/review-history/22709




The aim of this study is to investigate the impact of government expenditure on economic growth in some selected countries in Sub-Saharan Africa (SSA). The study besides focusing on the lower middle income countries in the region such as Cape Verde, Cameroon, etc.; it further examined the significance of oil receipts on growth via public expenditure. As a result, oil exporting countries were entered as dummies. The period of the study spanned from 1980 to 2015. Gross domestic product per capita was used as a proxy of growth; while general government expenditure (totals), investment (totals) and interest rate were used as regressors instrumenting oil exports. The study employed both static panel and Arellano and Bond (1991) GMM estimators. Results found long run relationship amongst the variables used in the study. Government expenditure, investment and oil exports were equally found to have impacted on growth in the region. Although, government expenditure has not contributed positively to economic growth in the region as it was negatively signed. Therefore, the study recommends that government expenditure should be properly disaggregated as a matter of priority between capital and recurrent expenditures in order to carefully situate its role on growth.


Keywords :

Sub-Saharan Africa; Lower middle income countries; Government expenditure; economic growth; GMM estimator.


Full Article - PDF    Page 1-11    Article Metrics


DOI : 10.9734/AJEBA/2017/38552

Review History    Comments

Search this site

Advanced Search

Announcement & News

Nature (Impact Factor: 41.6) confirmed high standard of SDI journal and its editors

We are happy to inform that Nature (Impact Factor: 41.6) confirmed high standard of SDI journal and ...

ISI Thomson Reuters selected British Journal of Pharmaceutical Research for Emerging Sources Citation Index

We are delighted to inform that ISI Thomson Reuters selected British Journal of Pharmaceutical Resea...

SCOPUS selected Annual Research & Review in Biology (ARRB)

We are delighted to inform that famous indexing organization SCOPUS (from Elsevier) selected  A...

Index Copernicus Evaluation Result Released

We are delighted to inform that Index Copernicus (a leading indexing organization from Pol...

Journal Repository (JR): Permanent Digital Archiving of SDI journals

SDI is happy to announce that all our journals are now permanently archived in Journal Repository (J...

SDI journal got 35th ranking in Publons

We are delighted to announce (as of 04/01/2016) that British Journal of Medicine and Medical Re...

Growth of SDI and world publication market

As of 2014, total 25,064 journals are competing in World market of journal publication. In 2011, tot...

Science (IF: 31) report confirmed the high standard of SDI journal

As per a recent report (Link) of Science journal (present Impact factor 31), one of our journal (Bri...

SDI introduced Post-publication peer review by its comment section

SDI journals encourage Post-publication peer review by its comment section   Policy details a...

SDI promotes transparent Advanced OPEN peer review

We have migrated to transparent and toughest ‘Advanced OPEN peer review’ system (...


  • No Awards listed.

Browser Compatibility : Mozila firefox, Google Crome and IE 7 & above. Creative Commons License Terms & Condition   |   Privacy Policy   |   Join Us   |   Help   |   Contact Us
© Copyright 2010-2018, SCIENCEDOMAIN international. All rights reserved.