Public Infrastructures: An Approach to Poverty Alleviation and Economic Development in Nigeria

Public Infrastructures: An Approach to Poverty Alleviation and Economic Development in Nigeria

Author by Dr. Babatunde Akinlabi

Journal/Publisher: European Journal Of Humanities And Social Sciences

Volume/Edition: 4

Language: English

Pages: 29 - 48

Abstract

Following an extensive debate on alleviating poverty in developing countries, this paper focus on
how  investment  in  public  infrastructures  could  lead  to  poverty  alleviation  and  consequently
economic development. This paper emphasized the market-based growth popular amongst donor
countries  and  looks  at  the  issue  from  a  direct  approach  to  alleviating  poverty  through  public
intervention  in  the  economy.  Using  Co-integration  and  Granger  causality  test  for  the  period
1981  to  2006,  the  findings  revealed  no  existence  of  co-integrating  vector  in  the  series  used.
Public infrastructure was found Granger cause GDP, but fiscal deficit does not Granger cause
GDP. Both RES and RESCS have strong causal effect on the real gross domestic product (GDP).
The  paper  ascertained  that  public  infrastructure  expenditure  significantly  alleviate  poverty
directly through increase in gross domestic product (GDP). However, the paper maintained that
continuous  increase  in  public  infrastructure  through  increase  in  capital  expenditure  on
economic, social and community services and qualitative governance would alleviate poverty in
Nigeria. 


Other Co-Authors