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A Multivariate Causal Relationship among Road Transport Infrastructure Development, Economic Growth and Poverty Level in Nigeria

Author

Listed:
  • Oladipo S.O.

    (Department of Economics, University of Lagos, Akoka Lagos, Nigeria)

  • Olomola P.A.

    (Department of Economics, Obafemi Awolowo University Ile-Ife, Nigeria)

Abstract

The study investigated the nature and direction of causality among road transport infrastructure development, economic growth and poverty level in Nigeria. These were with the view to providing information on the extent to which road infrastructure development influence economic growth and poverty reduction in Nigeria. The study used secondary source of data collection of annual time series data from 1980 to 2012 and VECM techniques was adopted. The findings showed that, road transport infrastructure development and economic growth were the sources of poverty reduction in the long run (F = 5.7, p>0.05) and that poverty reduction and economic growth could influence one another in the short run (F= 3.0, p>10). Therefore, the study concluded that road transport infrastructure development and economic growth could be seen as useful policy as it has the potential to contribute to the pace of poverty alleviation and vice-versa in the Nigerian economy.

Suggested Citation

  • Oladipo S.O. & Olomola P.A., 2015. "A Multivariate Causal Relationship among Road Transport Infrastructure Development, Economic Growth and Poverty Level in Nigeria," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 1(4), pages 57-64, 07-2015.
    • Handle: RePEc:arp:ijefrr:2015:p:57-64
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    Citations

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    Cited by:

    1. Temilola Osinubi, Tolulope, 2020. "The Role Of Income Inequality In The Globalisation-Poverty Nexus: Empirical Evidence From Mint Countries," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 7(2), pages 67-89, June.
    2. Folorunsho M. Ajide & James T. Dada, 2023. "Poverty, entrepreneurship, and economic growth in Africa," Poverty & Public Policy, John Wiley & Sons, vol. 15(2), pages 199-226, June.
    3. Samir, Saidi & Shahbaz, Muhammad & Akhtar, Pervaiz, 2018. "The Long-Run Relationship between Transport Energy Consumption and Transport Infrastructure on Economic Growth in MENA Countries," MPRA Paper 85037, University Library of Munich, Germany, revised 06 Mar 2018.
    4. Anam Zahra & Sadaf Razzaq & Ahsan Nazir, 2016. "Impact of Electricity Consumption and Transport Infrastructure on the Economic Growth of Pakistan," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(10), pages 291-300, October.
    5. Samir Saidi, 2021. "Freight transport and energy consumption: What impact on carbon dioxide emissions and environmental quality in MENA countries?," Economic Change and Restructuring, Springer, vol. 54(4), pages 1119-1145, November.
    6. Saidi, Samir & Shahbaz, Muhammad & Akhtar, Pervaiz, 2018. "The long-run relationships between transport energy consumption, transport infrastructure, and economic growth in MENA countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 111(C), pages 78-95.

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