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Revisiting the Economic Growth-Welfare Linkages: Empirical Evidence from Nigeria

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  • Richardson Kojo Edeme

Abstract

This study aims at ascertaining the relationship between welfare and economic growth in Nigeria, capturing both economic and environmental welfare. Nitrous oxide emission and Carbon dioxide emission in Nigeria are used to capture environmental welfare while government education expenditure, per capita health expenditure and per capita income are used to capture economic welfare. Using quarterly data spanning 1999-2016 and employing the cointegration analysis as well as the Ordinary Least Squares (OLS) estimation technique, the study found that a long-run relationship exists between economic growth and welfare in Nigeria. It also found that both environmental and economic welfare significantly affect economic growth in Nigeria.

Suggested Citation

  • Richardson Kojo Edeme, 2018. "Revisiting the Economic Growth-Welfare Linkages: Empirical Evidence from Nigeria," Asian Themes in Social Sciences Research, Knowledge Press, vol. 1(1), pages 28-33.
    • Handle: RePEc:kpr:atissr:v:1:y:2018:i:1:p:28-33:id:11
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    Cited by:

    1. Nik Azmiah Binti Nik Azin & Norhayati bt Alias, 2019. "Value Relevance of Intangible Assets Before and After FRS 138 Adoptions: Evidence From Malaysia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(3), pages 267-279, May.
    2. Ademola E. Ojo & Ditimi Amassoma, 2021. "Infrastructures Development, Environmental Quality and Economic Growth in Nigeria," Journal of Infrastructure Development, India Development Foundation, vol. 13(2), pages 129-144, December.
    3. Liao, Hua & Peng, Ying & Wang, Fang-Zhi & Zhang, Tong, 2022. "Understanding energy use growth: The role of investment-GDP ratio," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 15-24.
    4. Zalina Zainudin & Zarina Mohd Zaki & Abdul Razak Abdul Hadi & Hafezali Iqbal Hussain & Mazhar Hallak Kantakji, 2019. "Investor Sentiment and Firm Financial Performance of Malaysian IPO Firms: Pre and Post Financial Crisis," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 450-458, August.

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