Industrialization: Panacea for Economic Growth
Journal Title: Academic Journal of Economic Studies - Year 2019, Vol 5, Issue 2
Abstract
This paper examines the relationship between industrialization and economic growth in Nigeria between 1981 and 2015, by employing cointegration approach known as Autoregressive Distributed Lag Model (ARDL). The empirical results of the study confirm our expectations and indicate that a long run relationship exists between industrialization and economic growth in Nigeria. Equivocally, going by experiences of other emerging economies, especially; the Asian Tigers, Nigeria will in no time get out of her doldrums; if she tolls rigorously the path of industrialization, as panacea to economic growth.
Authors and Affiliations
A. T. Odeleye, Ndubuisi Chidi Olunkwa
Keywords
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