Impact of Fiscal Policy Instruments’ Dynamics on Resource Sustainability in Nigeria

DOI: 10.22161/ijeab.4450

Keyword: Expenditure, debt, fiscal policy, resources and sustainability.

Abstract: This research examined the impact of fiscal policy instruments on agricultural resources sustainability in Nigeria for the period 1980-2018. Specifically the study examined the causal relationship between fiscal policy instruments and resource sustainability; analyzed the instantaneous and compound growth rate of government expenditure, debt policy instruments and agricultural resources sustainability and; examined the impact of government expenditure and debt policy instrument on resource sustainability. Data were obtained from Central Bank of Nigeria (CBN) Statistics Data Base: and Food and Agriculture Organization Statistical data (FAOSTATS). From the findings, there exist a unidirectional relationship (P<0.05) from government expenditure and debt to resource sustainability index. Government expenditure and debt instruments had instantaneous and compound growth rate (P<0.05) of 7.62%, 7.92% and 1.23% and 1.24% respectively. The instantaneous growth rate for forest resources (P<0.05), arable land (P<0.05) and human capital (P<0.05) were -1.57%, 0.33% and -1.93% with a compound rate of growth of -1.58%, 0.34% and -1.93%, -1.95% respectively. Government expenditure policy instruments yielded significantly (P<0.05) positive impacts of 0.37% while increased debt profile significantly (P<0.05) decreases sustainability index by -0.27%. Thus, fiscal policy instruments dynamics is essential for the attainment of inter-temporal efficiency of resources, hence sustainability. It was recommended that non- sustainable activities such as land degradation, deforestation and human capital depletion driven by unfavorable policies needs to be reappraised.

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Cite this Article:

Ochalibe A. I., Okoye C. U., Enete A. A. et al."Impact of Fiscal Policy Instruments’ Dynamics on Resource Sustainability in Nigeria". International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878),vol 4, no. 4, 2019, pp.1223-1232 AI Publications doi:10.22161/ijeab.4450

Ochalibe A. I., Okoye C. U., Enete A. A., P.(2019).Impact of Fiscal Policy Instruments’ Dynamics on Resource Sustainability in Nigeria. International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).4(4), 1223-1232.10.22161/ijeab.4450

Ochalibe A. I., Okoye C. U., Enete A. A., P.(2019).Impact of Fiscal Policy Instruments’ Dynamics on Resource Sustainability in Nigeria. International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).4(4), pp.1223-1232.

Ochalibe A. I., Okoye C. U., Enete A. A.. 2019."Impact of Fiscal Policy Instruments’ Dynamics on Resource Sustainability in Nigeria". International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).4(4):1223-1232.Doi:10.22161/ijeab.4450

Ochalibe A. I., Okoye C. U., Enete A. A.."Impact of Fiscal Policy Instruments’ Dynamics on Resource Sustainability in Nigeria", International Journal of Environment Agriculture and Biotechnology,vol.4,no. 4, pp.1223-1232,2019.

@article { ochalibea.i.2019impact,
title={Impact of Fiscal Policy Instruments’ Dynamics on Resource Sustainability in Nigeria},
author={Ochalibe A. I., Okoye C. U., Enete A. A. , R},
journal={International Journal of Environment Agriculture and Biotechnology},
volume={4},
year= {2019} ,
}