Sustainable Economic Growth of Nigeria: Is Road Transportation an X-Factor

Authors

  • Emmanuel O. Okon Kogi State University,
  • Inigbehe M. Okon Akwa Ibom State University
  • Ekere J. Daniel Akwa Ibom State University

Keywords:

Road Transportation, Sustainable Economic Growth,, Nigeria, Co-integration, Error Correction Technique, Unit Root Test

Abstract

This paper attempts to provide empirical evidence on the contribution of road transport to sustainable economic growth in Nigeria. In this paper, Gross Domestic Product is used as the dependent variable while road transportation output is used as the independent variable; interactive variables are included in the models which are labour and capital as popularly shown in growth model. Relying on cointegration/error correction technique, it showed that there is a positive relationship between road transport and economic growth in Nigeria. The paper suggests that government of Nigeria should look into some existing major roads that require urgent intervention
of palliative repairs and maintenance. It should also provide modern road infrastructure and facilities that can stand the test of time to take adequate care of commuters and freights.

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Author Biographies

Emmanuel O. Okon, Kogi State University,

Department of Economics, Kogi State University, Anyigba, Kogi State, Nigeria.

Inigbehe M. Okon, Akwa Ibom State University

Department of Economics, Faculty of Social and Management Sciences, Akwa Ibom State
University, Akwa Ibom State

Ekere J. Daniel, Akwa Ibom State University

Department of Economics, Akwa Ibom State University, Obio-Akpa Campus, Akwa Ibom

References

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Uwakaeme O. S. (2015). Economic Growth in Nigeria: An Empirical Investigation of Determinants and Causal Relationship (1980 – 2012). American Journal of Economics, 5(1), 9-20. doi: 10.5923/j.economics.20150501.02.

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Yamaguchi, K.(2008). Funding System and Road Transport; International Comparative Analysis.http://www.pp.u-tokyo.ac.jp

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Published

2016-06-30

How to Cite

Okon, E. O., Okon, I. M., & Daniel, E. J. (2016). Sustainable Economic Growth of Nigeria: Is Road Transportation an X-Factor. International Journal For Research In Business, Management And Accounting, 2(2), 73–89. Retrieved from https://ijrbma.com/index.php/bma/article/view/422

Issue

Vol. 2 No. 2 (2016): International Journal For Research In Business, Management And Accounting

Section

Articles

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