ABSTRACT
This work is based on the appraisal of budget deficit and current account balance in the Nigeria economy between the periods of 1986-2010. The broad objectives of the study isto examine the impact of budget deficit and current account balance in the Nigeria economy, trend of budget deficit and current account balance and also the impact of selected macroeconomic variables on the current account. The potency of budget deficit in improving current account balance in Nigeria need to be emphasized upon by policy makers with caution.The ordinary least square (OLS) technique was adopted for the evaluation of data obtained and the researcher used PC-GIVE 8.00 software package. The result of the study shows that government expenditure on education has a positive impact on budget deficit while unemployment and government expenditure on health has negative impact on budget deficit, based on this finding, recommendations were made to enhance proper policy intervention by government and policy makers.
TABLE OF CONTENT
Title Page = = = = = = = = = = i
Approval page = = = = = = = = = ii
Dedication = = = = = = = = = iii
Acknowledgement = = = = = = = = = IV
Abstract = = = = = = = = = = vi
Table of Contents = = = = = = = = = vii
1.0 INTRODUCTION
1.1 Background of the Study = = = = = = = 1
1.2 Statement of the Problem = = = = = = = 4
1.3 Objectives of the study = = = = = = = 5
1.4 Research Hypothesis = = = = = = = 5
1.5 Significance of the study = = = = = = = 6
16. Scope/Limitation of Study = = = = = = 7
2.0 LITERATURE REVIEW
2.1 Theoretical Framework = = = = = = = 8
2.1.1 Current Account Transaction = = = = = = 15
2.2 Empirical Literature = = = = = = = 17
2.3 Limitations of Previous Study = = = = = = 22
RESEARCH METHODOLOGY
3.1 Methodology = = = = = = = = 24
3.2 Specification of the model = = = = = = 25
3.3 Analytical Techniques = = = = = = =26
3.4 Justification of the Model = = = = 28
3.5 Data Collection and Sources = = = = 29
3.6 Econometric Software Package = = = = = = 29
PRESENTATION AND ANALYSIS OF RESULTS
4.1 Presentation and Interpretationof Results = = = = 30
4.2 Economic Apriori Criteria = = = = = = 31
4.3 Statistical Criteria {First Order Tests}= = = = 32
4.3.1 Coefficient Of Multiple Determinants {R} = = 32
4.3.2 The Student’s T-test = = = = = = 33
4.3.3 F-Statistics = = = = = = = = = = 34
4.4 Economic Criteria = = = = = = = 35
4.4.1 Test for Autocorrelation = = = = = 35
4.4.2 Normality Test for Residual = = = = = = 37
4.4.3 Test for Heteroscedasticity = = = = = = = 37
4.4.4 Test for Multicollinearity = = = = = = = 39
5.1 Summary = = = = = = = 41
5.2 Conclusion = = = = = = = = 42
5.3 Policy Recommendation = = = = = 42Bibliography = = = = = = = = 44
Appendix = = = = = = = = 46
