R. I. Udegbunam (Department of Economics and Statistics, Faculty of Social Sciences, University of Benin, Nigeria.)
Abstract
In recent years the Nigerian economy has been moving towards increased liberalisation, greater openness, and greater financial development. This paper examines the implications of these developments for industrial growth in Nigeria. A simple model, which relates industrial output growth to openness, stock market development, and a battery of control variables, is specified and estimated, using annual data covering the period 1970– 1997. The empirical evidence strongly suggests that openness to world trade and stock market development are among the key determinants of industrial output growth in Nigeria. The other important factors are human capital input, non-military expenditure, gross domestic product (GDP), which reflects the size of physical capital, and inflation.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Volume (Year): 41 (2002) Issue (Month): 1 () Pages: 69-92 Download reference. The following formats are available: HTML,
plain text,
BibTeX,
RIS (EndNote),
ReDIF
Handle: RePEc:pid:journl:v:41:y:2002:i:1:p:69-92
Contact details of provider: Postal: Quaid-i-Azam University Campus, P.O.Box 1091, Islamabad-44000 Phone: (92)(51)9206610 Fax: (92)(51)9210886 Email: Web page: http://www.pide.org.pk More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Irfan Shakeel).
Related research
Keywords:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Devereux, Michael B & Smith, Gregor W, 1994.
"International Risk Sharing and Economic Growth,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(3), pages 535-50, August.
[Downloadable!] (restricted)
Other versions: