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An assessment of nexus between infrastructural development and Nigerian economic growth

This study investigates the nexus between infrastructural development and Nigerian economic growth using data from 1981 to 2014. The data was tested for stationarity followed by co-integration, and Vector Error Correction Model (VECM) was employed for the analysis. From the results, there is long run relationship between infrastructure development and Nigerian economic growth. VECM have the expected negative sign, and is between the accepted region of less than unity. It also shows a low speed adjustment towards equilibrium. Hence specifically, infrastructural development on road and communica…

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