DETERMINANTS OF PUBLIC INVESTMENT ON SOCIAL INFRASTRUCTURE AND ECONOMIC GROWTH IN NIGERIA
Authors
Edobor Aibor Tunde
National Defence College, Abuja, Centre for Strategic Research and Studies
Author
Keywords:
Social Infrastructure,
Public Expenditure,
Economic Growth,
ARDL
Abstract
Public investment on social infrastructure has stimulated economic growth in Nigeria. This study critically assessed the determinants of public investment on social infrastructure and economic growth in Nigeria using time series data from 1990 to 2023. Error Correction Model estimation and Ordinary Least Square were adopted. The model specification was based on Ordinary Least Squares regression and Johansen cointegration tests. Findings revealed that public investment expenditure in social infrastructure has a positive and significant impact on economic growth in both the short and long run. External and internal balance also significantly influence the size of public expenditure on social infrastructure.
