Ejem, Chukwu Agwu; Oriko, Bonaventure Ofasia and Nwakodo, Ogechi Blessing.
This study ‘Does government recurrent expenditure drive growth in Nigeria’? found the absence of multicolinearity and heteroskesdasticity with no serial correlation. The data employed showed that the variables are differenced once to be statationary using Augmented Dickey Fuller unit root test. Johansen Cointegration Test found long run relationships existing between growth of the economy (Gross Domestic Product) and Recurrent Expenditure variables.
Ejem, Chukwu Agwu; Oriko, Bonaventure Ofasia and Nwakodo, Ogechi Blessing. (2019); Does Recurrent Expenditure Drive Growth In Nigeria? A Cointegrated Var Approach.; International Journal of Scientific and Research Publications (IJSRP)
9(6) (ISSN: 2250-3153), DOI: http://dx.doi.org/10.29322/IJSRP.9.06.2019.p9085