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Housing and Economic Growth Nexus in Nigeria: Data-Based Evidence
Transylvanian Review of Administrative Sciences
View Archive Info| Field | Value | |
| Title |
Housing and Economic Growth Nexus in Nigeria: Data-Based Evidence
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| Creator |
OKWU, Andy Titus; Post-Doctoral Research Fellow, Department of Business Management, College of Economic and Management Sciences, University of South Africa, Pretoria, South Africa Senior Lecturer, Department of Economics, Babcock University, Ilishan-Remo, Ogun State, Nigeria NGOEPE-NTSOANE, Mokgadi; Post-Doctoral Research Fellow, Department of Public Administration and Management, College of Economic and Management Sciences, University of South Africa, Pretoria, South Africa TOCHUKWU, Obiakor Rowland; Associate Professor, Department of Economics, Veronica Adeleke School of Social Sciences, Babcock University, Ilishan-Remo, Ogun State, Nigeria OBIWURU, Timothy Chidi; Senior Lecturer, Department of Actuarial Science and Insurance, Faculty of Business Administration, University of Lagos, Akoka, Lagos, Nigeria |
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| Subject |
housing services delivery, co-integration, error correction mechanism, economic growth.
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| Description |
Housing is considered as one of the cardinalmeasures of the state of an economy. This paperemployed data-based evidence to explore housingsector-economic growth relationship in Nigeriaduring 1980-2015. Choice variables were realestate business services (REBS), building constructioninvestments (BCI), property rights index(PRI) and human labor (L) engaged in the sector.Anchored on perceived interactions amongthe variables, articulated conceptual modelpreceded an analytic model modifi ed from theendogenous growth model of economic theory.Graphical and econometric techniques were employedto analyze the data sets on the variablesfor trends in time series values of the variables;and the effects of the housing sector variableson growth of the economy. The results showedthat housing services delivery had long-run relationshipand signifi cantly spurred growth of theeconomy. Further, housing services delivery andgrowth of the economy had high speed adjustmentcoeffi cient to long-run equilibrium growthpath under stable structural housing sector servicesdelivery and appropriate human labor mixparticipation. Therefore, the paper concludedthat housing services enhanced growth of theeconomy, and emphasized the need for appropriatehuman, capital and fi nancial policies forthe sector to engender sustainable growth anddevelopment of the Nigerian economy.
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| Publisher |
Babes Bolyai University
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| Contributor |
—
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| Date |
2017-06-28
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://rtsa.ro/tras/index.php/tras/article/view/525
10.24193/tras.51E.5 |
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| Source |
Transylvanian Review of Administrative Sciences; 2017: Issue No. 51 E/June; 70-88
1842-2845 10.24193/tras.51E |
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| Language |
eng
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| Relation |
http://rtsa.ro/tras/index.php/tras/article/view/525/514
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| Rights |
Copyright (c) 2017 Transylvanian Review of Administrative Sciences
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