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Governance and Real Estate Markets Performance in Nigeria: Are They Related?

Author

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  • Kazeem Bello Ajide

    (University of Lagos, Nigeria)

Abstract

Governance has been identified as a key determining variable capable of influencing the performance of any economy activity. On this note, the study undertakes to investigate the relationship between governance and the real estate markets performance in Nigeria. The study employs ARDL methodology of Bound Testing Approach for the quarterly series spanning 1996Q1 to 2010Q4. Of the variables considered, the prominent role of real GDP and governance index were clearly brought to fore both in the short and long run while that of inflation and interest rates were less pronounced statistically. The result of ECM further accentuates connection between governance and the real estate market through the establishment a stable long run relationship between them. In the final analysis, a few policy prescriptions are advice for the attention of all stakeholders in the built environment.

Suggested Citation

  • Kazeem Bello Ajide, 2014. "Governance and Real Estate Markets Performance in Nigeria: Are They Related?," Management, University of Primorska, Faculty of Management Koper, vol. 9(3), pages 205-221.
    • Handle: RePEc:mgt:youmng:v:9:y:2014:i:3:p:205-221
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