IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Productivity measurement and growth in Nigeria: challenges and prospects

  • Richard INGWE

    ()

    (University of Calabar, IPPA, Calabar, Nigeria, Centre for Research and Action on Developing Locales, regions and the Environment)

  • Chibueze C. IKEJI

    ()

    (University of Calabar, Nigeria)

  • Judith E. OTU

    ()

    (University of Calabar, Nigeria)

Registered author(s):

    Productivity (growth) measurements (describing the assessment of an economy’s rate of change in the ratio of a volume measure of output to a volume measure of input use) and related analysis are regular undertakings by staff of economic development of most nations and development institutions such as the OECD. Although they strive to accomplish objectives related to studying efficiency or the achievement of maximum output physically achievable under the use of current technology and given inputs, accounting for the contribution of real costs savings; introduction of benchmarks for production processes and to highlight living standards obtaining at points in time, its emphasis has been at the expense of examination of issues related to society (institutions), history, innovation and productivity change, which are concerned with promoting growth beyond mere productivity accounting. This paper has attempted to address all these issues as they pertain to Nigeria’s rather stagnant or declining economy. This slight modification was prompted by changes from philosophers concerned with the wider area of productivity measurement and change. The literature agrees that productivity measurement (growth accounting) only “identified the significance of different proximate sources of growth” but fails to employ institutional, historical case studies to investigate the underlying causes of the growth, innovation and productivity change. Details of deficiencies related to the foregoing issues are examined and policy recommendations drafted and presented to assist practitioners, policy and decision makers and other stakeholders.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.management.ase.ro/reveconomia/2010-2/4.pdf
    Download Restriction: no

    Article provided by Faculty of Management, Academy of Economic Studies, Bucharest, Romania in its journal ECONOMIA seria MANAGEMENT / ECONOMY - MANAGEMENT series.

    Volume (Year): 13 (2010)
    Issue (Month): 2 (December)
    Pages: 254-268

    as
    in new window

    Handle: RePEc:rom:econmn:v:13:y:2010:i:2:p:254-268
    Contact details of provider: Postal: 6 ROMANA PLACE, 70167 - BUCHAREST
    Phone: 0040-01-2112650
    Fax: 0040-01-3129549
    Web page: http://www.management.ase.ro/
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:rom:econmn:v:13:y:2010:i:2:p:254-268. 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: (Ciocoiu Nadia Carmen)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.