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The Role of Social and Economic Infrastructure in Manufacturing Sector Performance in Nigeria

Author

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  • Mesagan, Ekundayo P.
  • Ezeji, Amarachi C.

Abstract

This study examined the role of economic and social infrastructure in manufacturing sector performance in Nigeria. The main concern of the study was to ascertain the degree of impact of economic and social infrastructure variables on manufacturing sector performances in Nigeria and to know if inflation and lending rates are responsible for the depression in the manufacturing sector. Government expenditures on capital, education and health, as well as electricity generation and consumption, and teledensity, inflation rate and prime lending rate were considered variables of analytical relevance in the paper. The results showed that teledensity had positive impact on manufacturing performance in Nigeria. Also, growth of government capital expenditure and growth of government expenditure on education positively and significantly enhanced the manufacturing value added while growth of government expenditure on health, electricity generation, electricity consumption, inflation rate and prime lending rate had insignificant negative effects on manufacturing value added. Government was therefore encouraged to improve the country’s industrial environment and reduce wasteful spending in government.

Suggested Citation

  • Mesagan, Ekundayo P. & Ezeji, Amarachi C., 2016. "The Role of Social and Economic Infrastructure in Manufacturing Sector Performance in Nigeria," MPRA Paper 78310, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:78310
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    File URL: https://mpra.ub.uni-muenchen.de/78310/1/MPRA_paper_78310.pdf
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    References listed on IDEAS

    as
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    3. Cavallo, Eduardo & Daude, Christian, 2011. "Public investment in developing countries: A blessing or a curse?," Journal of Comparative Economics, Elsevier, vol. 39(1), pages 65-81, March.
    4. Helpman, Elhanan, 1981. "International trade in the presence of product differentiation, economies of scale and monopolistic competition : A Chamberlin-Heckscher-Ohlin approach," Journal of International Economics, Elsevier, vol. 11(3), pages 305-340, August.
    5. Cavallo, Eduardo & Daude, Christian, 2011. "Public investment in developing countries: A blessing or a curse?," Journal of Comparative Economics, Elsevier, vol. 39(1), pages 65-81, March.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Ismaila Akanni Yusuf & Mohammed Bashir Salaudeen & Hope Agbonrofo, 2021. "Social and Economic Drivers of Stock Market Performance in Nigeria," Journal of Economic Impact, Science Impact Publishers, vol. 3(3), pages 137-143.
    2. Ekundayo P. Mesagan & Mustapha O. Bello, 2018. "Core infrastructure and industrial performance in Africa: Do institutions matter?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 65(4), pages 539-562, December.
    3. Yusuf, Ismaila Akanni & Salaudeen, Mohammed Bashir & Agbonrofo, Hope, 2021. "Social and Economic Drivers of Stock Market Performance in Nigeria," MPRA Paper 111086, University Library of Munich, Germany.

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    More about this item

    Keywords

    Manufacturing; Social Infrastructure; Economic Infrastructure; Inflation.;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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