An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria

Oyesiku Kayode; Onakoya; Adegbemi Babatunde; Folawewo Abiodun

doi:doi:10.11648/j.ss.20130206.12

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An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria

Oyesiku Kayode, Onakoya, Adegbemi Babatunde, Folawewo Abiodun

Published in Social Sciences (Volume 2, Issue 6)

Received: 2 September 2013 Published: 20 October 2013

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Abstract

The paper investigated the impact of public sector investment in transport on economic growth, using Nigeria as a case study. The empirical model for the study was developed from the endogenous growth framework in which transport investment entered into the production function as input, using the Ordinary Least Squares (OLS) estimation technique and time series properties tests conducted on variables. Data for the study covered from 1977 to 2009. The findings showed that transportation played an insignificant role in the determination of economic growth in Nigeria. An increase in public funding and complete overhauling of the transportation system in the country are suggested.

Published in	Social Sciences (Volume 2, Issue 6)
DOI	10.11648/j.ss.20130206.12
Page(s)	179-188
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2013. Published by Science Publishing Group

Keywords

Infrastructure, Investment, Transport, Economic Growth

References

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APA Style

Oyesiku Kayode, Onakoya, Adegbemi Babatunde, Folawewo Abiodun. (2013). An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria. Social Sciences, 2(6), 179-188. https://doi.org/10.11648/j.ss.20130206.12

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ACS Style

Oyesiku Kayode; Onakoya; Adegbemi Babatunde; Folawewo Abiodun. An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria. Soc. Sci. 2013, 2(6), 179-188. doi: 10.11648/j.ss.20130206.12

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AMA Style

Oyesiku Kayode, Onakoya, Adegbemi Babatunde, Folawewo Abiodun. An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria. Soc Sci. 2013;2(6):179-188. doi: 10.11648/j.ss.20130206.12

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@article{10.11648/j.ss.20130206.12,
  author = {Oyesiku Kayode and Onakoya and Adegbemi Babatunde and Folawewo Abiodun},
  title = {An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria},
  journal = {Social Sciences},
  volume = {2},
  number = {6},
  pages = {179-188},
  doi = {10.11648/j.ss.20130206.12},
  url = {https://doi.org/10.11648/j.ss.20130206.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ss.20130206.12},
  abstract = {The paper investigated the impact of public sector investment in transport on economic growth, using Nigeria as a case study. The empirical model for the study was developed from the endogenous growth framework in which transport investment entered into the production function as input, using the Ordinary Least Squares (OLS) estimation technique and time series properties tests conducted on variables. Data for the study covered from 1977 to 2009. The findings showed that transportation played an insignificant role in the determination of economic growth in Nigeria. An increase in public funding and complete overhauling of the transportation system in the country are suggested.},
 year = {2013}
}

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TY  - JOUR
T1  - An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria
AU  - Oyesiku Kayode
AU  - Onakoya
AU  - Adegbemi Babatunde
AU  - Folawewo Abiodun
Y1  - 2013/10/20
PY  - 2013
N1  - https://doi.org/10.11648/j.ss.20130206.12
DO  - 10.11648/j.ss.20130206.12
T2  - Social Sciences
JF  - Social Sciences
JO  - Social Sciences
SP  - 179
EP  - 188
PB  - Science Publishing Group
SN  - 2326-988X
UR  - https://doi.org/10.11648/j.ss.20130206.12
AB  - The paper investigated the impact of public sector investment in transport on economic growth, using Nigeria as a case study. The empirical model for the study was developed from the endogenous growth framework in which transport investment entered into the production function as input, using the Ordinary Least Squares (OLS) estimation technique and time series properties tests conducted on variables. Data for the study covered from 1977 to 2009. The findings showed that transportation played an insignificant role in the determination of economic growth in Nigeria. An increase in public funding and complete overhauling of the transportation system in the country are suggested.
VL  - 2
IS  - 6
ER  -

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Author Information

Oyesiku Kayode

Centre for Transport Studies, Olabisi Onabanjo University, PMB 2002, Ago-Iwoye, Nigeria
Onakoya
Adegbemi Babatunde
Folawewo Abiodun

Department of Economics, University of Ibadan, Nigeria

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APA Style

Oyesiku Kayode, Onakoya, Adegbemi Babatunde, Folawewo Abiodun. (2013). An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria. Social Sciences, 2(6), 179-188. https://doi.org/10.11648/j.ss.20130206.12

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ACS Style

Oyesiku Kayode; Onakoya; Adegbemi Babatunde; Folawewo Abiodun. An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria. Soc. Sci. 2013, 2(6), 179-188. doi: 10.11648/j.ss.20130206.12

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AMA Style

Oyesiku Kayode, Onakoya, Adegbemi Babatunde, Folawewo Abiodun. An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria. Soc Sci. 2013;2(6):179-188. doi: 10.11648/j.ss.20130206.12

Copy | Download

@article{10.11648/j.ss.20130206.12,
  author = {Oyesiku Kayode and Onakoya and Adegbemi Babatunde and Folawewo Abiodun},
  title = {An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria},
  journal = {Social Sciences},
  volume = {2},
  number = {6},
  pages = {179-188},
  doi = {10.11648/j.ss.20130206.12},
  url = {https://doi.org/10.11648/j.ss.20130206.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ss.20130206.12},
  abstract = {The paper investigated the impact of public sector investment in transport on economic growth, using Nigeria as a case study. The empirical model for the study was developed from the endogenous growth framework in which transport investment entered into the production function as input, using the Ordinary Least Squares (OLS) estimation technique and time series properties tests conducted on variables. Data for the study covered from 1977 to 2009. The findings showed that transportation played an insignificant role in the determination of economic growth in Nigeria. An increase in public funding and complete overhauling of the transportation system in the country are suggested.},
 year = {2013}
}

Copy | Download

TY  - JOUR
T1  - An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria
AU  - Oyesiku Kayode
AU  - Onakoya
AU  - Adegbemi Babatunde
AU  - Folawewo Abiodun
Y1  - 2013/10/20
PY  - 2013
N1  - https://doi.org/10.11648/j.ss.20130206.12
DO  - 10.11648/j.ss.20130206.12
T2  - Social Sciences
JF  - Social Sciences
JO  - Social Sciences
SP  - 179
EP  - 188
PB  - Science Publishing Group
SN  - 2326-988X
UR  - https://doi.org/10.11648/j.ss.20130206.12
AB  - The paper investigated the impact of public sector investment in transport on economic growth, using Nigeria as a case study. The empirical model for the study was developed from the endogenous growth framework in which transport investment entered into the production function as input, using the Ordinary Least Squares (OLS) estimation technique and time series properties tests conducted on variables. Data for the study covered from 1977 to 2009. The findings showed that transportation played an insignificant role in the determination of economic growth in Nigeria. An increase in public funding and complete overhauling of the transportation system in the country are suggested.
VL  - 2
IS  - 6
ER  -

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