Public expenditure and human development in Nigeria in the last decade, composition and distributional impacts

Peer reviewedPublisher PD

Environmental Hazards and Life Expectancy in Africa : Evidence From GARCH Model

Declaration of Conflicting Interests The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article. Funding The author(s) received no financial support for the research, author- ship, and/or publication of this article.Peer reviewedPublisher PD

Monetary policy impact on the informal economy and response to shocks in the formal economy

Peer reviewedPublisher PD

Alcohol consumption and use of contraceptives : Evidence from 2018 Nigerian Demographic and Health Survey in Nigeria

Peer reviewedPublisher PD

Dynamics of Population, Urban Agglomeration and Economic Growths in Sub-Saharan Africa : Evidence from Panel Data

Open Access via Wiley publishing agreement.Peer reviewedPublisher PD

Financial Development and Energy Consumption in Sub-Saharan Africa : Evidence From Panel Vector Error Correction Model

Peer reviewedPublisher PD

Fiscal Policy and Economic Stabilization Dynamics in Sub-Saharan Africa: A New Evidence from Panel VEC Model and Hodrick-Prescott Filter Cyclical Decomposition

This study investigates the dynamics of fiscal policy and economic stabilization using a panel dataset from Sub-Saharan Africa (SSA) sourced from the World Development Indicators (WDI) between 1985 and 2019. The study utilized a panel vector error correction model (VECM) rather than panel vector autoregression (PVAR) after ascertaining the presence of cointegrating equations (existence of long-run relationships). Also, both homogenous and heterogeneous panel unit root processes were utilized to test the panel data’s stationarity before estimating the panel VECM. Again, the cyclical decomposition (Hodrick-Prescott Filter) is adopted in examining the effect of fiscal policy on economic stabilization across countries in SSA. Essentially, the VECM estimation result reveals that both government expenditure (GEX) and total reserves (TRS) have significant long-run relationships but are not substantial enough to stimulate economic growth and stability in the short run. Simultaneously, the Hodrick-Prescott Filter’s (HP-filter) cyclical decomposition confirms the non-stability of economic growth and stabilization in SSA over time. In line with other numerous policy recommendations, the SSA countries’ governments should improve on the policies targeted toward controlling the financial (fiscal) leakages to ensure more robust economic stabilization in the region through increases in total revenue and reserves both in the short and long-run. JEL Classification Codes: E62, E63, F38, F41, H50