INFRASTRUCTURAL DEVELOPMENT, GOOD GOVERNANCE AND ECONOMIC GROWTH

ABSTRACT

This study investigated the impact of infrastructural development and goodimpact of infrastructural development and good governance on economic growth on economic growth in Nigeria for the period 1987-2017. An empirical investigation was conducted using time series data on Gross Corruption and Domestic Product Growth Rate, Infrastructural Development, Corruption and Government Expenditure. The data were sourced from the various issues of the Central Bank of Nigeria Statistical Bulletin and World Development Indicators of the World Bank. The techniques of Estimation employed in the study include Vector ErrorCorrection Model method, Augmented Dickey Fuller (ADF) lest and Johansen Co-integration. All 1he variables were stationary at first difference and the findings revealed that infrastructural Development, Corruption and Government Expenditure all have positive impact on Gross Domestic Product Growth Rate, though the Corruption variable was lo be statistically insignificant. Going by these findingstherefore, the study recommends that Infrastructural Development and Government Expenditure should be efficiently utilized for high priority and economically relevant projects rather than social and political gratification in order for the nation to optimize the dividends accruing from the stated variables.