Infrastructure and Economic Growth

Sam S. Enimola
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Sam S. Enimola: Economics, Adekunle Ajasin University, Akungba Akoko, enimola2010@yahoo.com

Journal of Infrastructure Development, 2010, vol. 2, issue 2, 121-133

Abstract: This article analyzed theoretically and empirically the influence of infrastructure investment on economic growth in Nigeria from 1980–2006. The study employed the use of vector error correction estimate (VECM). The variables were found to be stationary at order 1, and there exists a long-run equilibrium relationship between the dependent and the explanatory variables. However, the two variables for infrastructure show a steadily declining rate on the long run as shown by the result of the variance decomposition and impulse response functions. It is suggested that the government should intensify their efforts in mobilising more resources towards the provision and improvement of basic infrastructure.

Keywords: JEL Classification: C10; JEL Classification: H40; JEL Classification: H54; JEL Classification: L90; JEL Classification: O43; Infrastructure; VECM; variance decomposition; impulse response function; economic growth (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jouinf:v:2:y:2010:i:2:p:121-133

DOI: 10.1177/097493061100200203

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