Transportation Infrastructure and Diversification of the Nigerian Economy: Implications for the Developmental State

Nigerian Journal of Economic and Social Studies, 59(3)

22 Pages Posted: 7 Jan 2019

See all articles by Ebele Nwokoye

Ebele Nwokoye

Nnamdi Azikiwe University - Department of Economics

Ekesiobi Chukwunonso

Anambra State University

clement Izuchukwu Igbanugo

Nnamdi Azikiwe University - Department of Statistics

Date Written: September 01, 2017

Abstract

Transportation infrastructure is indispensable for the diversification of an economy. This paper investigates the empirical link between transportation infrastructure and diversification of the Nigerian economy. Descriptive demonstrations are adopted to provide a situational focus to the study, while a generalized method of moment (GMM) model is specified and estimated. Findings reveal that economic diversification is a negative function of transportation concentration ratio. In the same vein, the result suggests that transportation infrastructure is a significant factor in diversifying the sectoral output share of the country and the export base of the economy from oil sector to non-oil sector. To address this, the study put forward policy suggestions to improve the effectiveness and efficiency of transportation infrastructure geared for rapid diversification of the economy.

Keywords: economic diversification, infrastructure, Nigeria, transportation

JEL Classification: L91, N7, R4

Suggested Citation

Nwokoye (nee Nwabude), Ebele and Chukwunonso, Ekesiobi and Igbanugo, clement Izuchukwu, Transportation Infrastructure and Diversification of the Nigerian Economy: Implications for the Developmental State (September 01, 2017). Nigerian Journal of Economic and Social Studies, 59(3). Available at SSRN: https://ssrn.com/abstract=3305646

Ebele Nwokoye (nee Nwabude) (Contact Author)

Nnamdi Azikiwe University - Department of Economics ( email )

Enugu-Onitsha Expressway
Nnamdi Azikiwe University
Awka, Anambra
Nigeria

HOME PAGE: http://www.unizik.edu.ng/profile/nwokoyees

Ekesiobi Chukwunonso

Anambra State University ( email )

Uli
Nigeria

Clement Izuchukwu Igbanugo

Nnamdi Azikiwe University - Department of Statistics ( email )

Department of Statistics
Nnamdi Azikiiwe University
Awka, Anambra 123
Nigeria

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