• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Developing Country Studies >Determinants of Economic Growth in Nigeria: Evidence from Error Correction Model Approach.
【24h】

Determinants of Economic Growth in Nigeria: Evidence from Error Correction Model Approach.

机译：尼日利亚经济增长的决定因素：来自误差校正模型方法的证据。

获取原文
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

The determinants of economic growth have attracted increasing attention in both theoretical and empirical research. One reason why issues of economic growth have been given much attention is that a sustained economic growth is essential for a country’s long-term development and stability. Like many developing countries, the Nigerian economy, has had a volatile “growth-history”. Against this backdrop, this paper investigated the determinants of economic growth in Nigeria through the application of the Johansen co-integration technique and the vector error correction methodology. The results of the co-integrating technique suggest that there is long run relationship among domestic savings, expenditures on education and health, openness to trade, FDI, public infrastructure, and financial deepening with growth of real GDP per capita. The results of the VECM reveals that while domestic savings, expenditure on education, openness, and financial depth (in the second lag) are positive determinants of economic growth, FDI and public infrastructure do not drive economic growth in Nigeria. It was also discovered that expenditures on health had negative effects on growth. A major policy implication of our result is that concerted effort should be made by policy makers to ensure macroeconomic stability and a conducive investment climate (in terms of stable power supply) so as to increase FDI inflow, and relaxation of credit constraints in Nigeria.
机译：经济增长的决定因素在理论和实证研究中都引起了越来越多的关注。经济增长问题备受关注的原因之一是，持续的经济增长对于一个国家的长期发展与稳定至关重要。像许多发展中国家一样，尼日利亚经济有着不稳定的“增长历史”。在此背景下，本文通过应用Johansen协整技术和矢量误差校正方法研究了尼日利亚经济增长的决定因素。协整技术的结果表明，国内储蓄，教育和卫生支出，贸易开放性，外国直接投资，公共基础设施以及随着人均实际GDP增长而导致的金融深化之间存在长期关系。 VECM的结果表明，尽管国内储蓄，教育支出，开放性和财务深度（第二次滞后）是经济增长的积极决定因素，但外国直接投资和公共基础设施并不能推动尼日利亚的经济增长。还发现，卫生支出对增长产生负面影响。我们结果的主要政策含义是，决策者应共同努力，以确保宏观经济稳定和有利的投资环境（就稳定的电力供应而言），从而增加外国直接投资的流入量，并放宽尼日利亚的信贷限制。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号