The macroeconomic determinants of technological progress in Nigeria

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dc.contributor.advisor
dc.contributor.author Akanbi, Olusegun Ayodele
dc.date.accessioned 2011-09-28T09:14:54Z
dc.date.available 2011-09-28T09:14:54Z
dc.date.issued 2011-05
dc.description.abstract This study empirically examines the macroeconomic determinants of technological progress (total factor productivity) in Nigeria that is consistent with the endogenous growth theory. The estimations are carried out with time-series data from 1970 to 2006 using the Johansen estimation techniques. The study is distinct from most of the existing literature since it made an attempt in generating a time-varying technological progress. It employs the Kalman filter technique to determine the evolution of the Solow residual estimated from a Cobb-Douglas production function. The results conform to the existing literature that macroeconomic instability, the level of financial development, and the level of human development are highly significant determinants of technological progress in Nigeria. en
dc.description.uri http://www.sajems.org/index.php/sajems en_US
dc.identifier.citation Akanbi, OA 2011, 'The macroeconomic determinants of technological progress in Nigeria', South African Journal of Economic and Management Sciences, vol. 14, no. 3, pp. 282-297. en
dc.identifier.issn 1015-8812
dc.identifier.issn 2222-3436 (online)
dc.identifier.uri http://hdl.handle.net/2263/17343
dc.language.iso en en_US
dc.publisher University of Pretoria en_US
dc.rights University of Pretoria. Creative Commons license en
dc.subject Technological progress en
dc.subject Macro determinants en
dc.subject.lcsh Kalman filtering en
dc.subject.lcsh Estimation theory en
dc.subject.lcsh Cointegration -- Nigeria en
dc.subject.lcsh Macroeconomics -- Mathematical models en
dc.title The macroeconomic determinants of technological progress in Nigeria en
dc.type Article en


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