UGC Approved Journal no 63975(19)

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Published in:

Volume 9 Issue 9
September-2022
eISSN: 2349-5162

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Published Paper ID:
JETIR2209311


Registration ID:
500947

Page Number

d70-d87

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Title

Economic Growth and Quality of Life in Nigeria: Evidence from Anambra and Bauchi States

Abstract

Economic theory and policy generally aim to improve the economic and social wellbeing of members of society and one of the ways by which this is achieved is the attainment of sustainable economic growth which leads to economic development and better quality of life. This study examines the relationship between economic growth and development in the quality of life in Nigeria. It was based on the Pooled Mean Group and Autoregressive Distributed Lags (PMG/ARDL) model used to assess economic growth and human development Indices on the panel dynamics. The study followed the procedure used by UNDP (2016) which involved assessing economic growth and human development Index on the basis of state comparisons. It analyzed the short and long run relationships between economic growth and quality of life variables used as proxy for economic development with data from Anambra and Bauchi states. Secondary data were collected from 2007 to 2019 from the National Bureau of Statistics (NBS), Anambra state Bureau of statistics (ABS) and Bauchi state Bureau of statistics (BBS) yearly statistical Report. Although the ECM showed that economic growth has a negative short run relationship with human development index, the result was not significant. The coefficient for the long run relationship was however significant. The study concludes that policies aimed at accelerating growth would have a negative impact on human development in the short run but in the long run, equilibrium will be restored by QL adjusting to correct the equilibrium error. This implies that economic growth leads to human development and that macroeconomic policies aimed at achieving sustainable economic growth should be maintained

Key Words

Economic Growth, Quality of Life, Anambra, Bauchi States,Nigreia JEL Code: 040

Cite This Article

"Economic Growth and Quality of Life in Nigeria: Evidence from Anambra and Bauchi States ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 9, page no.d70-d87, September-2022, Available :http://www.jetir.org/papers/JETIR2209311.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Economic Growth and Quality of Life in Nigeria: Evidence from Anambra and Bauchi States ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 9, page no. ppd70-d87, September-2022, Available at : http://www.jetir.org/papers/JETIR2209311.pdf

Publication Details

Published Paper ID: JETIR2209311
Registration ID: 500947
Published In: Volume 9 | Issue 9 | Year September-2022
DOI (Digital Object Identifier):
Page No: d70-d87
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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