Faithin Omaha eBook Collection

Download or read book Infrastructure Investment: The Pathway for Sustainable and Economic Transformation in Nigeria written by Michael Mitchell Omoruyi Ehizuelen and published by GRIN Verlag. This book was released on 2013-10-09 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2013 in the subject Economics - Case Scenarios, , language: English, abstract: This work X-rays the multidimensional relationship that occurs between infrastructure and economic development, evidence from Nigeria. The work develops an intuitive theory with a framework which examines this relationship by recognizing various channels through which infrastructure possibly affects development: as a factor of production, as a complementary significant factor of production, a stimulus to factor buildup, a stimulus to aggregate demand and an instrument to industrial policy. A framework is developed for evaluating and analyzing the theory of this relationship, which explores the implications of diverse definitions and measures of infrastructure on economic development. Empirical literature is then evaluated against this framework.