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Project Topic:

THE IMPACTS OF FISCAL POLICIES IN STABILIZATION OF THE NIGERIAN ECONOMY DURING THE PERIOD (2011-2016)

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 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 57 ::   Attributes: Data Analysis ::   4 people found this useful
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                                              CHAPTER ONE

METHODOLOGICAL FRAMEWORK

1.1     BACKGROUND TO THE STUDY:

Market mechanism cannot solely perform all the economic functions in a country and as such, public policies like fiscal policy is required to stabilize, correct, guide and supplement the market forces. Fiscal policy is one of such policies that government uses to correct market imperfections and failure.

One of the major issues which have occupied the mind of government for years is the impact of fiscal policy as a tool for economic stability that involves measure taken to regulate and control the volume, cost and availability. Fiscal Policy is also a tool   for directing money in an economy to achieve some specified macroeconomic policy objective and to counteract unlikely trends in the Nigerian economy (Gbosi, 1998). This may include either an increase or a decrease in taxes as well as government expenditures which constitute the basis of fiscal policy.

1.2     STATEMENT OF THE PROBLEM:

The fiscal policy thrust used in manipulating the economy depends on the objectives that need to be achieved at any time period. Government intervention in the economy through fiscal policy has been to manipulate the receipt and expenditure sides of its budget in order to achieve certain national objectives.

Nigeria’s government at various times had used these policies to stabilize and manage the economy with a view to achieving desired macroeconomic objectives such as promoting employment generation, ensuring economic stability, maintaining price stability and balance of payment viability, ensuring exchange rate stability and maintaining stable economic growth.

1.3     OBJECTIVES OF THE STUDY:

This research consists of general and specific objectives which will be discussed in the following paragraph:

  • General Objective:

The general objective of this research is to assess the impacts of fiscal policies in stabilization of the Nigerian economy during the period (2011-2016).

  • Specific Objectives:

The specific objectives of this research includes the followings:

  • To identify  the different fiscal policies implemented by the Nigerian government during the period (2011-2016)
  • To identify the various instruments of fiscal policy that can be used to stabilize the Nigerian economy during the period (2011-2016)

1.4     Research Questions:

This study also consists of general and specific questions which will be discussed in the following paragraph

General Question:

  1. What are the impact of fiscal policies in stabilization of the Nigeria economy? (2011-2016)

Specific Questions”

  1. What are the fiscal policies implemented by the Nigerian government during the period (2011-2016)
  2. What are the various instruments of fiscal policy used in stabilizing the Nigerian economy during the period (2011-2016)

1.5     Research Hypothesis:

Thus our hypothesis for the study are:

Ho: Fiscal policies have a strong impact on stabilization of the Nigeria economy

H1: Fiscal policies have a weak impact on the stabilization of the Nigerian Economy

1.6     Significance of the Study

This study is significant in the following ways:

Scientifically:

  1. It would provide an objective view of the effectiveness of fiscal policy in Nigeria
  2. It would provide an economic basis upon which to examine the impact of fiscal policy on the Nigerian economy
  3. It would provide policy recommendations to the policy makers on ways to make Nigeria economy vibrant through fiscal policy

Practically:

 

 

 

1.7     Scope and Limitations of the Study:

1.7.1  The Scope of the Study:

This study will focus on fiscal policies that has been adopted by the government of Nigeria considering its effect on the stabilization of Nigerian economy (2011-2016).The study will also empirically examine the effectiveness of fiscal policy in the Nigerian economy.

1.7.2  Limitations of Study:

1.7.2.1        Time Constraints:

  1. The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.

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Project Information

Format:MS WORD
Chapter:1-5
Pages:57
Attribute:Data Analysis
Price:₦3,000
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