<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This study comparatively investigates the impacts of fiscal and monetary policies on poverty in Nigeria from 1986 to 2018. Using the Ordinary Least Square and Standardized or Beta Coefficient approach, we found that the Nigerian political system plays a vital role on a large number of its citizens living in extreme poverty. Other factors identified as the likely causes of poverty are insurgencies, terrorism, and low productivity among others. Also, monetary policy is more important in alleviating poverty than the fiscal policy which favored the monetary school arguments. Specifically, monetary measures like exchange rate and interest rate are more significant in alleviating poverty far more than inflation rate while fiscal measures proxy with government recurrent expenditure plays a more vital role in alleviating poverty in Nigeria than others like government capital expenditure and government recurrent expenditure. The study recommended that in the case of monetary measures, there is a need for Government through the Central Bank of Nigeria, to shift their attention towards key monetary policy measures like interest rate and exchange rate compare to other monetary measures.</p></abstract>

This study comparatively investigates the impacts of fiscal and monetary policies on poverty in Nigeria from 1986 to 2018. Using the Ordinary Least Square and Standardized or Beta Coefficient approach, we found that the Nigerian political system plays a vital role on a large number of its citizens living in extreme poverty. Other factors identified as the likely causes of poverty are insurgencies, terrorism, and low productivity among others. Also, monetary policy is more important in alleviating poverty than the fiscal policy which favored the monetary school arguments. Specifically, monetary measures like exchange rate and interest rate are more significant in alleviating poverty far more than inflation rate while fiscal measures proxy with government recurrent expenditure plays a more vital role in alleviating poverty in Nigeria than others like government capital expenditure and government recurrent expenditure. The study recommended that in the case of monetary measures, there is a need for Government through the Central Bank of Nigeria, to shift their attention towards key monetary policy measures like interest rate and exchange rate compare to other monetary measures.

Alleviating Poverty in Nigeria: Keynesian Vs Monetary Theory of Poverty

Department of Economics, Faculty of Social Sciences

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Alleviating Poverty in Nigeria: Keynesian Vs Monetary Theory of Poverty"}

This study comparatively investigates the impacts of fiscal and monetary policies on poverty in Nigeria from 1986 to 2018. Using the Ordinary Least Square and...

Alleviating Poverty in Nigeria: Keynesian Vs Monetary Theory of Poverty

Publié en ligne: 31 mars 2020

Pages: 103 - 120

Reçu: 01 oct. 2019

Accepté: 01 déc. 2019

DOI: https://doi.org/10.2478/sues-2020-0007

Mots clés
Fiscal policy, monetary policy, poverty, and poverty alleviation

© 2020 Olukayode Emmanuel Maku et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Alleviating Poverty in Nigeria: Keynesian Vs Monetary Theory of Poverty

Publié en ligne: 31 mars 2020

Pages: 103 - 120

Reçu: 01 oct. 2019

Accepté: 01 déc. 2019

DOI: https://doi.org/10.2478/sues-2020-0007

Mots clésFiscal policy, monetary policy, poverty, and poverty alleviation

© 2020 Olukayode Emmanuel Maku et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
Fiscal policy, monetary policy, poverty, and poverty alleviation