Published 2024-02-29
Keywords
- Defense Spending,
- Exchange rate,
- Inflation,
- Gross Domestic Product,
- Interest Rate
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Copyright (c) 2024 African Journal of Business and Economic Development
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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Abstract
The study examined the trend and patterns of defense spending and macroeconomic variables in Nigeria, and investigated the relationship between defense spending and selected macroeconomic variables in Nigeria. It also estimated the sustainable level of defense spending for the macroeconomic variables (exchange rate, inflation rate, interest rate and gross domestic product) in Nigeria. These were with a view to providing insight to the dynamics of defense spending and macroeconomic fundamentals in Nigeria. The study adopted a descriptive research design and annual secondary data covering the period between 1986 and 2017.