Impact Of Fiscal Policy On Employment Generation
(A Case Study of Bayelsa State From The Period 2000-2018)
The study examines the impact of fiscal policy on employment generation in Bayelsa State from the period 2000-2018 using a quarterly time series data. Two research hypotheses were formulated to guide this study. The Augmented Dickey Fuller using Akeike criterion was used to test for unit root, Johansen co-integration was used to obtain the order or stationary among variables, ARDL approach techniques was use to investigate the linkage of these variables. The co-integration test confirms that there is a long run relationship between employment generation and the variables of interest. The estimated result shows that there is a significant relationship between taxation and government capital expenditure in Bayelsa State during the period of study. Also the result shows that there is no significant relationship between government capital expenditure and employment generation in Bayelsa State. It was therefore recommended that there should be increased spending on agriculture, particularly regarding capital expenditure for the sector towards enhancing employment generation in Bayelsa State; there should be increased spending on education, particularly in the aspect of capital expenditure for the sector so as to enhance rate of employment in the state.
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Title page
Certification
Dedication
Acknowledgement
Dedication
Table of Contents
Abstract
CHAPTER ONE:
INTRODUCTION
1.1 Background to the study
1.2 Statement of the Problem
1.3 Objective to the Study
1.4 Research Hypotheses
1.5 Significance of Study
1.6 Method of Data Analysis
1.7 Scope and Limitation of the Study
1.8 Organization of the study
CHAPTER TWO:
LITERATURE REVIEW
2.1 Introduction
2.2 Theoretical Literature Review
2.2.1 Keynes Theory of Fiscal Policy
2.2.2 Other Related Theories of Fiscal Policy
2.2.2.1 Adolph Wagner’s Law of Increasing State Activity
2.2.2.2 The Peacock-Wiseman Hypothesis
2.2.2.3 Musgrave and Rostow’s Development Model
2.2.2.4 Critical-Limit Hypothesis
2.3 Empirical Review of Literature
2.4 Fiscal Policy and National Economy
2.5 Taxation and Government Expenditure in Bayelsa State
2.5 Summary of the Review
CHAPTER THREE:
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Theoretical Framework
3.3 Research Design
3.2 Methods of Data Collection
3.3 Measurement of Variables and Model Specification
3.4 Method of Data Analysis
CHAPTER FOUR:
DATA PRESENTATION AND INTERPRETATION
4.1 Results
4.1.1 Graphical Representations
4.1.2 Descriptive Statistics
4.1.3 Short Run Result
4.1.4 Unit Root Test
4.1.5 Johansen Cointegration Test
4.1.6 The ARDL Model for Employment Generation Rate
4.2 Hypothesis Testing
4.3 Diagnostic Test
4.3.1.1 Heteroskedasticity Test: Harvey
4.3.2 Stability Test
4.3 Discussion of Findings
CHAPTER FIVE:
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Policy Recommendations
REFERENCE
APPENDIXES
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