Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
IMPACT OF GOVERNANCE AND ROAD INFRASTRUCTURE ON INDUSTRIAL GROWTH IN NIGERIA

IMPACT OF GOVERNANCE AND ROAD INFRASTRUCTURE ON INDUSTRIAL GROWTH IN NIGERIA

 

Abstract: This study examined if any predictable relationship exists between industrial growth and infrastructure (governance and road) in Nigeria using data for the period 1980 to 2015. The study employed the vector autoregressive (VAR) model for the analysis. The estimated results showed that infrastructure (governance and road) has an important but restricted role to play in driving industrial growth. Specifically, the results indicated that own shocks constitute a significant source of variation in industrial output (IND) forecast errors in the short run, ranging from 66 per cent to 100 per cent over the 10 quarters horizon. Innovations to corruption (COR) and institutional quality (INQ) (all governance infrastructures) and innovations to road infrastructure explain 0 per cent variance of industrial output in the first quarter and these increase to 0.63 percent in the tenth quarter. The implications of these findings is that in the short-run, infrastructure does not significantly predict industrial output in Nigeria and industrial output seems to have a very strong prediction. The study, therefore, recommended appropriate governance framework (good institutional and corruption free framework) that would institutionalize best practices in policy formulation and implementation.

JEL Classification: L88, R42, O14

Price: N500.00 | Add to cart
 

 

 

Login

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

NES-63RD-ANNUAL-CONFERENCE-2022

Conference virtual link: https://us02web.zoom.us/j/83983249180?pwd=aXFkRGpoMFFoN1lpcGlqTUFGdUFsUT0...read more


2022 ANNUAL CONFERENCE POSTER

Kano State, the commercial city of Northern Nigeria will host NES 63rd Annual Conference 2022. The c...read more


Nigerian Economic Society 63RD ANNUAL CONFERENCE 2022

The Nigerian Economic Society wishes to inform the general public on her forthcoming Annual Conferen...read more


63rd ANNUAL CONFERENCE ANNOUNCEMENT: CALL FOR ABSTRACTS

63rd ANNUAL CONFERENCE ANNOUNCEMENT 26 - 30 September 2022 Venue: Kano, Kano State, Nigeria ...read more


NEW EXECUTIVE COUNCIL OF THE NIGERIAN ECONOMIC SOCIETY

At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held...read more


E-Mail Subscription

VoguePayVisaMasterCard