ABSTRACT
This study is to
empirically analyze the relationship between inflation and government
expenditure in Nigeria for the sample period 1980-2009. The researcher adopted
the simple linear regression of the ordinary least square (OLS) techniques to
estimate the impact of inflation on government expenditure. The study reveals
that government expenditure in a highly significant variable causing inflation
in Nigeria, and that as it increases inflationary process in Nigeria also
increases. The R2 values in considerably high, as much as 96.0
percent. This means is that government expenditure influences about 96.0
percent of the variability of the inflationary process in Nigeria. The
Durbin-Watson value of 1.0134 reveals the existence of positive
autocorrelation. The researcher therefore recommends that (1) Government should
concentrate more on produce investment, which will have the tendency of the
inflationary pressure accompanying such expenditure, and (2) that government
should continue to embark on inflation targeting as a means of cushioning the
inflationary pressure.
TABLE OF CONTENT
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Title
page
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Approval
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Dedication
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Acknowledgment
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Table
of content
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Abstract
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CHAPTER ONE: Introduction
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1.1
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Background
of the Study
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1.2
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Statement
of the Problem
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1.3
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Objective
of the Study
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1.4
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Hypothesis
of the Study
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1.5
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Significance
of the Study
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1.6
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Scope
of the Study
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1.7
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Definition
of some terms
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CHAPTER TWO
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2.1
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Literature
review
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2.1.1
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Theories
of inflation
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2.1.2
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The
Keynesian excess demand theory
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2.1.3
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The
Monetary theory of inflation
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2.1.4
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The
cost-push theory
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2.1.
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Causes
of inflation
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2.2
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Cause
of inflation of Nigeria
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2.3
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Government
expenditure and inflation
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CHAPTER THREE
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3.1
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Research
methodology and design
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3.2
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Model
Specification
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3.3
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Source
of Data
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3.4
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Procedure
for Data Analysis
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CHAPTER FOUR:
Presentation
and Analysis of Empirical Result
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4.1
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The
Presentation empirical result
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4.2
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Regression
model
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4.3
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Testing
the hypothesis using t-statistic
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Chapter
five
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5.1
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Summary of Findings,
Conclusion and Recommendations
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5.2
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Summary of Finding
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5.3
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Conclusion
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5.4
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Recommendation
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Bibliography
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Appendix A
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Appendix B
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A RESEARCH PROJECT SUBMITTED TO THE
DEPARTMENT OF ECONOMICS,
FACULTY OF SOCIAL SCIENCE,
EBONYI STATE UNIVERSITY, ABAKALIKI
IN PARTIAL FULFILLMENT OF THE
REQUIREMENT FOR THE AWARD OF BACHELOR OF SCIENCE DEGREE (B.SC) IN ECONOMICS.