<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This study considers the effect of defense spending on income growth in Nigeria. The results show that defense spending adversely affects income growth in the short run and the long run. Education spending, health spending, transport and communication service spending, internal security spending and electric power consumption have short-run and long-run growth impacts on income in Nigeria. Also, the armed forces personnel proportion of the labour force impacted positively on income. It was concluded that resource distribution should favour provisions of socio-economic and infrastructural facilities for defense spending. Therefore, the government should allocate its resources to provide socio-economic and infrastructural facilities for sustainable income growth in Nigeria.</p>
</abstract>

This study considers the effect of defense spending on income growth in Nigeria. The results show that defense spending adversely affects income growth in the short run and the long run. Education spending, health spending, transport and communication service spending, internal security spending and electric power consumption have short-run and long-run growth impacts on income in Nigeria. Also, the armed forces personnel proportion of the labour force impacted positively on income. It was concluded that resource distribution should favour provisions of socio-economic and infrastructural facilities for defense spending. Therefore, the government should allocate its resources to provide socio-economic and infrastructural facilities for sustainable income growth in Nigeria.

Defense Spending and Income Growth in Nigeria

Zagreb International Review of Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Defense Spending and Income Growth in Nigeria"}

This study considers the effect of defense spending on income growth in Nigeria. The results show that defense spending adversely affects income growth in the...

Defense Spending and Income Growth in Nigeria

Online veröffentlicht: 03. Juni 2024

Seitenbereich: 97 - 114

DOI: https://doi.org/10.2478/zireb-2024-0005

Schlüsselwörter
military spending, armed forces personnel, socio-economic services, income growth

© 2024 Saheed O. Olayiwola et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Defense Spending and Income Growth in Nigeria

Online veröffentlicht: 03. Juni 2024

Seitenbereich: 97 - 114

DOI: https://doi.org/10.2478/zireb-2024-0005

Schlüsselwörtermilitary spending, armed forces personnel, socio-economic services, income growth

© 2024 Saheed O. Olayiwola et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Schlüsselwörter
military spending, armed forces personnel, socio-economic services, income growth