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The Infrastructure–Growth Nexus in Nigeria: A Reassessment

Author

Listed:
  • Godday Uwawunkonye Ebuh
  • Ifeoma Betty Ezike
  • Tersoo Shimonkabir Shitile
  • Ebow Suleiman Smith
  • Timipre Mary Haruna

Abstract

This article re-examines the link between infrastructure development and output growth in Nigeria for policy formulation and implementation. The article employed the Granger causality test based on the time series vector error correction model (VECM) to reinvestigate the nexus between infrastructure investment and economic growth in Nigeria, using quarterly data from 1997:Q1 to 2017:Q4. This study, therefore, interrogates and accepts the infrastructure–growth hypothesis that increased financial infrastructure and infrastructure stock stimulates long-run real economy expansion in the Nigerian context. JEL Classification: H54, E23, C23

Suggested Citation

  • Godday Uwawunkonye Ebuh & Ifeoma Betty Ezike & Tersoo Shimonkabir Shitile & Ebow Suleiman Smith & Timipre Mary Haruna, 2019. "The Infrastructure–Growth Nexus in Nigeria: A Reassessment," Journal of Infrastructure Development, India Development Foundation, vol. 11(1-2), pages 41-58, June.
    • Handle: RePEc:sae:jouinf:v:11:y:2019:i:1-2:p:41-58
    DOI: 10.1177/0974930619872096
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    References listed on IDEAS

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    Cited by:

    1. Irene Olanma Onwuemeka & Uche Collins Nwogwugwu & Emmanuel Onwuka, 2022. "Impact of Infrastructure Investment on Economic Growth in Nigeria: An Autoregressive Distributed Lag Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(1), pages 288-298, January.

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    More about this item

    Keywords

    Infrastructure; public–private partnership; economic growth; gross domestic product; vector error correction model;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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