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Assessment of the impact of industrialization on economic growth in Nigeria (1985-2017)

 Department:Economics  
 By:usericon rainnjazz  

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Abstract
This Research investigates the impact of industrialization on economic growth in Nigeria. Annual time series data spanning from 1985 to 2017 obtained from World Development Indicators. The ARDL Bounds Testing and co integration long-run form were used in testing the relationship as well as the impact of IND on Nigerian economy. The result shows that there is long-run relationship among the variables, industrial output IND has a negative and positive impact on economic growth, both in the short-run and the long-run. Conversely, IMP and FDI have negative and positive impact on GDP in the short-run and long-run respectively while EXP maintain a negative relationship with GDP in both short-run and long-run. The study recommends among others, there is need for proper allocation and management of existing industries to ensure proper and positive linkage impacts on economic growth in Nigeria. ...
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