Industrialization: Panacea for Economic Growth
Industrialization: Panacea for Economic Growth
Author(s): A. T. Odeleye, Ndubuisi Chidi OlunkwaSubject(s): National Economy, Business Economy / Management, Socio-Economic Research
Published by: Editura Universitară & ADI Publication
Keywords: Industrialisation; panacea; economic growth; unemployment among women; poverty; unemployment;
Summary/Abstract: This paper examines the relationship between industrialization and economic growth in Nigeria between 1981 and 2015, by employing co-integration 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.
Journal: Academic Journal of Economic Studies
- Issue Year: 5/2019
- Issue No: 2
- Page Range: 45-51
- Page Count: 7
- Language: English