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Innovation and economic growth: evidence from Nigeria

Author

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  • Martins IYOBOYI

    (Federal University Dutsin-ma)

  • Abdrelrasaq NA-ALLAH

    (Federal University Dutsin-ma)

Abstract

The paper examines the impact of innovation on economic growth in the Nigerian economy during the period 1970-2011. Applying the Dynamic Ordinary Least Squares model, we find evidence in support of positive impact of innovation, proxied by technology-embodied capital imports, on economic growth. Other variables with significant positive impact are human capital and structure of the economy. On the other hand, factors such as openness to trade, high share of government expenditure as well as institutional quality are found to associate negatively with growth.

Suggested Citation

  • Martins IYOBOYI & Abdrelrasaq NA-ALLAH, 2014. "Innovation and economic growth: evidence from Nigeria," EuroEconomica, Danubius University of Galati, issue 1(33), pages 43-54, May.
    • Handle: RePEc:dug:journl:y:2014:i:1:p:43-54
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/2330/2495
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    Cited by:

    1. Otilia Georgiana Floroiu, 2020. "Innovation For Growth: Evidence From Cee Eurozone Candidates," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 5(special), pages 124-134, June.
    2. Doki, Naomi Onyeje & Shitile, Tersoo Shimonkabir & Sule, Abubakar, 2021. "Imported Intermediate Inputs and Manufactured Exports in Nigeria: The Role of Dual Exchange Rate Regime," African Journal of Economic Review, African Journal of Economic Review, vol. 9(1), January.

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