Public Capital and Economic Growth Dynamics in Nigeria
Using annual time series data covering the period 1981 to 2017, this paper investigates the relationship between public capital investment and economic growth in Nigeria using the General to Specific (GETS) approach. The empirical findings reveal that public capital and labour force have a detriment...
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| Format: | Article |
| Language: | English |
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UiTM Press
2022-06-01
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| Series: | Journal of International Business, Economics and Entrepreneurship |
| Subjects: | |
| Online Access: | https://myjms.mohe.gov.my/index.php/JIBE/article/view/20788/11231 |
| _version_ | 1797449135013494784 |
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| author | Ibrahim Mohammed Adamu |
| author_facet | Ibrahim Mohammed Adamu |
| author_sort | Ibrahim Mohammed Adamu |
| collection | DOAJ |
| description | Using annual time series data covering the period 1981 to 2017, this paper investigates the relationship between public capital investment and economic growth in Nigeria using the General to Specific (GETS) approach. The empirical findings reveal that public capital and labour force have a detrimental impact on economic growth. The study also discovered that private capital and growth are positively related. The Granger causality tests, on the other hand, unveil that both bidirectional and unidirectional causal linkages. As a result, these findings suggest that infrastructure development should be emphasized through public-private partnerships and a favourable investment climate to stimulate private sector investment to sustain long-term economic growth should be improved. |
| first_indexed | 2024-03-09T14:20:27Z |
| format | Article |
| id | doaj.art-3b809438b2c34a70b48159a83b50806f |
| institution | Directory Open Access Journal |
| issn | 2550-1429 |
| language | English |
| last_indexed | 2024-03-09T14:20:27Z |
| publishDate | 2022-06-01 |
| publisher | UiTM Press |
| record_format | Article |
| series | Journal of International Business, Economics and Entrepreneurship |
| spelling | doaj.art-3b809438b2c34a70b48159a83b50806f2023-11-28T11:39:25ZengUiTM PressJournal of International Business, Economics and Entrepreneurship2550-14292022-06-0171193210.24191/jibe.v7i1.20788Public Capital and Economic Growth Dynamics in NigeriaIbrahim Mohammed Adamu0Department of Economics, Faculty of Social Sciences, Bayero University, Kano, Nigeria.Using annual time series data covering the period 1981 to 2017, this paper investigates the relationship between public capital investment and economic growth in Nigeria using the General to Specific (GETS) approach. The empirical findings reveal that public capital and labour force have a detrimental impact on economic growth. The study also discovered that private capital and growth are positively related. The Granger causality tests, on the other hand, unveil that both bidirectional and unidirectional causal linkages. As a result, these findings suggest that infrastructure development should be emphasized through public-private partnerships and a favourable investment climate to stimulate private sector investment to sustain long-term economic growth should be improved.https://myjms.mohe.gov.my/index.php/JIBE/article/view/20788/11231public capitalprivate capitaleconomic growthnigeria |
| spellingShingle | Ibrahim Mohammed Adamu Public Capital and Economic Growth Dynamics in Nigeria Journal of International Business, Economics and Entrepreneurship public capital private capital economic growth nigeria |
| title | Public Capital and Economic Growth Dynamics in Nigeria |
| title_full | Public Capital and Economic Growth Dynamics in Nigeria |
| title_fullStr | Public Capital and Economic Growth Dynamics in Nigeria |
| title_full_unstemmed | Public Capital and Economic Growth Dynamics in Nigeria |
| title_short | Public Capital and Economic Growth Dynamics in Nigeria |
| title_sort | public capital and economic growth dynamics in nigeria |
| topic | public capital private capital economic growth nigeria |
| url | https://myjms.mohe.gov.my/index.php/JIBE/article/view/20788/11231 |
| work_keys_str_mv | AT ibrahimmohammedadamu publiccapitalandeconomicgrowthdynamicsinnigeria |