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Estimation Of Fiscal Multipliers And Its Macroeconomic Impact: The Case Of Nigeria, D. J. Penzin, E. T. Adamgbe
Estimation Of Fiscal Multipliers And Its Macroeconomic Impact: The Case Of Nigeria, D. J. Penzin, E. T. Adamgbe
Economic and Financial Review
Fiscal multipliers are important tools for macroeconomic projections and policy design. However, very little is known about the size in developing countries, given the complexity of their estimation. The unavailability of reliable high frequency data and structural characteristics of these countries also make the estimation of fiscal multipliers difficult, in such countries. This paper estimated fiscal multipliers associated with government spending and tax-related revenue for Nigeria using quarterly data, spanning 1985: Q1 to 2015 Q4. The structural vector autoregression (SVAR) methodology suggested by Blanchard and Perotti (2002) was utilised in the model. The SVAR framework applied followed the approach by …