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The Role Of Infrastructure Development On National Economic Growth
[A CASE STUDY OF THE TELECOMMUNICATION SECTOR IN NIGERIA (2000-1-2010-4]
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1.6 SCOPE AND LIMITATIONS OF THE STUDY
This
study has reported empirical findings on the perception of her
stakeholders regarding the impact GSM on Nigeria rural economy. However
the study has a number of weaknesses. These includes the fact that it
drew samples, the perception of the work force linked to the petroleum
sector were not included
in the target population of he study despite
the fact that petroleum comes from rural areas and it has impacted the
economy in those zones. In the light of all these identified limitations
and shortcomings future research is needed to extend the scope of the
study to cover those limitations.
1.7 DEFINITIONS OF TERMS
(A)
INFRASTRUCTURE: This refers to the basic physical and organizational
structures needed for the operations of a society or enterprises or the
service and facilities necessary for an economy to function. The term
typically refers to the technical structures that support a society such
as roads, water supply, sewers, electrical grids; telecommunication
etc. viewed functionally infrastructure facilities the production of
goods and serves.
(B). ECONOMY: An economy consists of the economic
system of a county or other areas, the labour, capital and land
resources, and the economic agents that socially participate in the
production, exchange, distribution and consumption of goods and services
of that area.
(C). ECONOMIC GROWTH: Thus is defined as the
increasing capacity of the economy to satisfy the wants of goods and
services of the members of society. Economic growth is enabled by
increase in productivity which lowers the inputs (labour, capital,
material energy etc) for a given amount of output. Economic growth is
concerned with he log run trend in production due to basic causes such
as industrialization.
(D) ECONOMIC DEVELOPMENT: This refers o the
increase in the standard of living in a nations population with
sustained growth sustained growth from a simple, low-income economy to a
modern high-income economy.
It typically involves improvements in a
variety of indications such as literacy rates, life expectancy, and
poverty rates. A country’s economic development is related to its human
development, which encompasses, among other things, health and
education.
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ABSRACT - [ Total Page(s): 1 ]The study examines the role of infrastructure development in national economic growth. A model was specified for the purpose and secondary quarterly data was collected for the period 2000-2010. The objective of this research was primarily to investigate the level of telecom infrastructure development on the Nigeria economy. Statistical technique of ordinary least square (OLS ) was employed for the estimation. Our result shows that developments in telecommunications sector provided by teledensity ... Continue reading---
