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

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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    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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    T1  - An Empirical Analysis of Transport Infrastructure Investment and Economic Growth in Nigeria
    AU  - Oyesiku Kayode
    AU  - Onakoya
    AU  - Adegbemi Babatunde
    AU  - Folawewo Abiodun
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    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
  • Centre for Transport Studies, Olabisi Onabanjo University, PMB 2002, Ago-Iwoye, Nigeria

  • Department of Economics, University of Ibadan, Nigeria

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