Industrialization and economic growth relationship in Nigeria

Iya, I.B; Anono, A.Z; Abubakar, Abdulhameed Umar

doi:10.15520/jassh20669

Cited by 1 publication

(2 citation statements)

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“…Another important finding of this study was that industrial output has a positive significant effect on economic growth in Nigeria. This finding corroborates the ideas of Aliya and Odoh (2016) and Iya et al (2016) who found that industrial output has a positive significant impact on economic growth in Nigeria. However, this outcome is contrary to that of Obioma et al (2015) who found that industrial output has no significant impact on economic growth.…”

Section: Discussion Of Findingssupporting

confidence: 91%

“…The result also showed that exchange rate has a positive relationship with manufacturing output, but not significant. Iya et al (2016) investigated the impact of industrialization on economic growth in Nigeria using data from 2001 to 2013. The study employed the ordinary least squares technique, and found that industrial output and industrial employment have a positive and significant impact on economic growth.…”

Section: Introductionmentioning

confidence: 99%

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Macroeconomic Policies, Industrialization and Economic Growth in Nigeria

Ighodaro

Ajayi-Ojo

2019

Tanzanian Economic Review

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This paper employed the simultaneous equation model using the three-stage least squares technique to analyse the impact of money supply, government expenditure and exchange rate on industrial output; and the effect of industrial output on economicgrowth in Nigeria. The study used annual data covering 1981 to 2017. It was found that industrial output affects economic growth positively in Nigeria, just as exchange rate has a positive significant impact on industrial output. The study recommends that fiscal policies should be formulated with a clear-cut view to addressing the industrial needs of the country. Keywords: economic growth, government expenditure, industrialization,macroeconomic policies, money supply

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Section: Discussion Of Findingssupporting

confidence: 91%

Section: Introductionmentioning

confidence: 99%