IDEAS home Printed from https://ideas.repec.org/a/pkp/josere/2014p129-140.html
   My bibliography  Save this article

Public Infrastructure Spending and Economic Growth in Nigeria: An Error Correction Mechanism (ECM) Approach

Author

Listed:
  • Edame Greg Ekpung

    (Sub-Dean & Senior Lecturer Public Sector Economic Unit, Department of Economics, University of Calabar, Cross River State, Calabar, Nigeria)

Abstract

The aim of this study is to critically analyze the determinants of public infrastructure spending and economic growth in Nigeria, using available time series data from 1970 to 2010. The specific objective of the study with an overriding aim of providing policy-relevant evidence are: to examine the trend in public expenditure on infrastructure in Nigeria between 1970 to 2010; to compare the trend in public expenditure between the military and democratic government in Nigeria between 1970 to 2010; to determine the relationship between expenditure on infrastructure and long-run economic growth; ascertain the factors that influence public expenditure growth in infrastructure; test for the stability of growth in public expenditure on infrastructure over time and derive policy recommendations based on the findings of the study. The model specification is based on the Ordinary Least Squares (OLS) multiple regression. While the estimation procedures is that of the Johansen Maximum Likelihood (JML) and OLS estimators.

Suggested Citation

  • Edame Greg Ekpung, 2014. "Public Infrastructure Spending and Economic Growth in Nigeria: An Error Correction Mechanism (ECM) Approach," Journal of Social Economics Research, Conscientia Beam, vol. 1(7), pages 129-140.
  • Handle: RePEc:pkp:josere:2014:p:129-140
    as

    Download full text from publisher

    File URL: http://www.conscientiabeam.com/journal/35/abstract/2754
    Download Restriction: no

    File URL: http://www.conscientiabeam.com/journal/35/abstract/2754
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pkp:josere:2014:p:129-140. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Editorial Office). General contact details of provider: http://www.conscientiabeam.com/journal/35 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.