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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

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Table 3 Long-run estimates

From: An empirical retrospect of the impacts of government expenditures on economic growth: new evidence from the Nigerian economy

RECEXP− 0.2807− 3.6848***0.0013
DEBT− 0.1495− 4.0708***0.0005
  1. The superscripts ***, ** and * represent the rejection at 1%, 5% and 10% levels of significance, respectively. RGDP means, real gross domestic product; RECEXP is, total government recurrent expenditures as a percent of GDP; CAPEXP represents, total government capital expenditures as a percent of GDP; DEBT is total public debt as a percent of the GDP; PRIEXP, denotes private consumption expenditure; INVEST, gross domestic investment as measured by annual growth of gross capital formation