In an ordinary parlance, deficit financing can be seen as a budgetary situation whereby the expenditure of the government exceeds its revenue, accumulated through tax. This budgetary system is undertaken by many developing countries of the world as a means of achieving some macro-economics objectives.
In conventional settings, deficit financing is seen as a policy strategy which is mostly undertaken to address macro-economic quagmires like depression and low output. On the other hand, deficit financing still appears to be a strategy that has the tendency of mounting pressure on prices thereby causing inflation.
Therefore the need to carryout an investigation on the Implications of Deficit Financing on Nigerian Economy cannot be overemphasized and this forms the primary objective of the this study.
The methodology to be adopted in this research is the linear regression with the application of ordinary least square (OLS) technique.
Based on the results-derived, the researcher will draw sensible conclusion and recommendations.
TABLE OF CONTENTS
Table of Contents
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Hypothesis of the Study
1.5 Significance of the Study
1.6 Scope of the Study
2.0 LITERATURE REVIEW
2.1 Theoretical Literature
2.2 Deficit Financing and its Inflationary Impact
2.3 Concept of Inflation
2.4 Pattern of Government Revenue and Expenditure in Nigeria
2.5 Empirical Literature
3.0 RESEARCH DESIGN AND METHODOLOGY
3.2 Model Specification
3.3 Method of Evaluation
3.4 Decision Rules
3.5 Data Required and Sources
4.0 PRESENTATION AND ANALYSIS OF RESULTS
4.1 The Empirical Results
4.2 Examination of Sign of the Parameter Estimate
4.3 Statistical Test of Significance
4.4 Evaluation of the Working Hypothesis
4.5 Second Order Tests
4.6 Implications of the Results
5.0 SUMMARY, CONCLUSION, RECOMMENDATION
5.1 Summary of Findings
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