Structural Break Analysis of Budgetary Operations on Nigeria Economy

Abstract

As important as air; so very vital to the survival of the rural poor and national development to improve life and quality of live and survive is the extent of budgetary operations and its implementation in Nigeria. This paper examined the structural break analysis of the budgetary operations and the degree of economic development in Nigeria between the years 1961 to 2009. The data were secondarily generated from the CBN statistical bulletin. Analysis shows that there is a significant relationship between budgetary operations and economic development in the structural break year in directional form with low record of the magnitude of ADM, TRF and TRF while very high magnitude of direct relationship was felt in the year between 1985 -2009.

Keywords: GDP, E-Views, Causality test, Budgetary, Break