The macroeconomic determinants of technological progress in Nigeria

dc.contributor.advisor
dc.contributor.authorAkanbi, Olusegun Ayodele
dc.date.accessioned2011-09-28T09:14:54Z
dc.date.available2011-09-28T09:14:54Z
dc.date.issued2011-05
dc.description.abstractThis 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.urihttp://www.sajems.org/index.php/sajemsen_US
dc.identifier.citationAkanbi, 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.issn1015-8812
dc.identifier.issn2222-3436 (online)
dc.identifier.urihttp://hdl.handle.net/2263/17343
dc.language.isoenen_US
dc.publisherUniversity of Pretoriaen_US
dc.rightsUniversity of Pretoria. Creative Commons licenseen
dc.subjectTechnological progressen
dc.subjectMacro determinantsen
dc.subject.lcshKalman filteringen
dc.subject.lcshEstimation theoryen
dc.subject.lcshCointegration -- Nigeriaen
dc.subject.lcshMacroeconomics -- Mathematical modelsen
dc.titleThe macroeconomic determinants of technological progress in Nigeriaen
dc.typeArticleen

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