Accounting for sustainable economic growth in Nigeria: The role of external factors (Record no. 531009)
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| 000 -LEADER | |
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| fixed length control field | 02123nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 250723b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Joshua, Udi Akadiri, Seyi Saint and Olufunke, Meadows |
| 245 ## - TITLE STATEMENT | |
| Title | Accounting for sustainable economic growth in Nigeria: The role of external factors |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Journal of Social and Economic Development |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 27(1), Apr, 2025: p.305-322 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This study investigates the contribution of external factors to Nigeria’s economic growth. To achieve the study objectives, we divide external indicators into two categories: the goods market and financial capital inflows market, using annual frequency time-series data over the period 1980–2019. Using the autoregressive distributed lag bounds testing model for empirical estimation, results confirm the financial capital inflows-led growth hypothesis. At the same time, the goods market contributes insignificantly to economic growth and environmental degradation both in the short run and in the long run. From a policy standpoint, we think that to promote sustainable economic growth in the region, government and policymakers (1) must properly channel capital inflows and pursue an all-inclusive foreign direct investment policy that will not isolate a particular sector of the economy, (2) may need to reconsider the reliance on FDI and trade openness as primary drivers of economic growth. Instead, efforts could be directed towards diversifying economic strategies to explore alternative avenues for sustainable growth. Thus, continuous monitoring and evaluation of economic policies and their impacts are essential. Policymakers should regularly assess the effectiveness of FDI and trade policies in driving economic growth and be prepared to adapt strategies based on empirical evidence and changing economic dynamics.- Reproduced https://link.springer.com/article/10.1007/s40847-024-00336-6 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economic growth, External debt, Foreign direct investment, Environmental degradation, Nigeria. |
| 9 (RLIN) | 55593 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Journal of Social and Economic Development |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2025-07-23 | 27(1), Apr, 2025: p.305-322 | AR136764 | 2025-07-23 | Articles |