Non-Inclusive Growth and Industrialisation Nexus in Nigeria: New Perspective and Policy Implications
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Date
2016
Authors
Olufemi, S
Lateef, A
Journal Title
Journal ISSN
Volume Title
Publisher
University of Lagos Press and Bookshop Ltd
Abstract
The paper analysed the extent of inclusiveness of the growth of Nigerian economy. It adopted simple econometric techniques and new measures of inclusive growth to generating a unique index of inclusiveness from the three conventional measure of inclusive growth. The paper then used granger causality test to determine whether economic growth is inclusive by reducing poverty and inequality in Nigeria. It was also found to have little linkage with industrialisation, hence, economic growth cannot be a good measure of economic development. More importantly inclusive growth and industrialisation were found to be causally related and industrialisation impacted negatively on poverty incidence and inequality suggesting that policies that promote industrialisation also help in alleviating poverty and reducing inequality in Nigeria.
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Keywords
Inclusive Growth , Industrialisation , Inequality , Poverty Incidence
Citation
Olufemi, S, Lateef, A (2016), Non-Inclusive Growth and Industrialisation Nexus in Nigeria: New Perspective and Policy Implications. Nigeria's Industrial Development, Corporate Governance and Public Policy, p. 369-383