TESTING THE SOLOW MODEL IN NIGERIA’S ECONOMY
 /  TESTING THE SOLOW MODEL IN NIGERIA’S ECONOMY

TESTING THE SOLOW MODEL IN NIGERIA’S ECONOMY

Rolle Remi Ahuru and Uffie Edison James
Abstract
This study empirically tests the Solow model using the Nigeria’s economy as a case study. The study
utilized the ordinary least square techniques and annual time series data spanning the years (1970-2012).
The Basic Solow model and the Augmented Solow model were estimated. While the Basic Solow model
was completely validated using the Nigeria’s economy, the Augmented Solow model was non-compliant
with prescriptions by Romer, Mankiw & Weil. The study recommended among others the creation of
enabling environment for an effective macroeconomic policy framework that supports the Solow model,
policy consistency and the integration of Solow variables into policy formulation.

Journal Article
PDF
Creative Commons LicenseCreative Commons license
Economics
Economics
Basic Solow Model, Augmented Solow model, OLS, Nigerian economy
Christian Bassey
18th April, 2018
18th April, 2018
http://oer.mciu.edu.ng/wp-content/uploads/2015/04/Rolle-Remi-Ahuru-10.pdf


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