文章基本信息

标题：An assessment of nexus between infrastructural development and Nigerian economic growth
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作者：Peter Siyan ; Adewale E. Adegoriola
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2017
卷号：11
期号：18
页码：470-477
DOI：10.5897/AJBM2016.8079
语种：English
出版社：Academic Journals
摘要：This study investigates the nexus between infrastructural development and Nigerian economic growth using data from 1981 to 2014. The data was tested for stationarity followed by co-integration, and Vector Error Correction Model (VECM) was employed for the analysis. From the results, there is long run relationship between infrastructure development and Nigerian economic growth. VECM have the expected negative sign, and is between the accepted region of less than unity. It also shows a low speed adjustment towards equilibrium. Hence specifically, infrastructural development on road and communication show a positive relationship with the Nigerian economic growth for the period under review, while private investment, degree of openness and education produced negative relationship with economic growth. It was therefore recommended that, the government should beef up their commitment on improving infrastructure, develop the manufacturing sector to properly harness the advantages of openness of the economy, improve and monitor budgetary allocation to education to increase human capital development that is capable of utilizing available infrastructure and resources for the attainment of economic growth, and encourage private sector with series of incentives to increase their participation in investment activities which will lead to economic growth.
关键词：Infrastructure; economic growth; vector error correction model