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AN EMPIRICAL ANALYSIS OF THE IMPACT OF GOVERNMENT EXPENDITURE ON ECONOMIC GROWTH OF NIGERIA (1980–2011)

CHAPTER ONE
1.1 BACKGROUND
OF STUDY
In today's economy, government intervens by undertaking fundamental roles of allocation, stabilization, distribution and regulation, including where and when the market proves ineffective or outcome is socially unacceptable. Government is also involved, especially in the development of the economy to achieve macroeconomic goals such as economic growth and development, full employment, price stability and the reduction of poverty. (AESS Publication 2011).

Public finance is the study of the principle underpinning spending and fundraising by public authorities (Shirras, 1969). It is the field of economics that studies the activities of government and other means of financing expenses (hymann 1993))

It is a fact that no society in history has ever achieved a high level of economic prosperity without a government. If the government does not exist anarchy reigned and little wealth has been accumulated by the productive activity in the economy. After government seized the rule of law and the establishment of law often contributed private property, and it has even had an impact on their companies as well. Economic growth is the expansion of GDP or country outings. Growth means an increase in economic activities. ....
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1.2 PROBLEM STATEMENT

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