Business and Technology: Tools for Economic Recovery and National Development in Nigeria
Journal Title: IOSR Journal of Humanities and Social Science - Year 2018, Vol 23, Issue 3
Abstract
The study examined business and technology: tools for economic recovery and national development in Nigeria, spanning from 1984 to 2016. The study adopted Ordinary Least Square (OLS) Linear Specification model. Using unit root test, the study shows that business and technology has significantly contributed to economic recovery and national development in Nigeria, within the period under study. The work recommends among others that public policy should be designed to encourage success in managing business innovation than in adopting the right capacity decisions from already known technological possibilities. technological change is a critical factor for growth that stems from Research and Development (R&D) and from innovative activities. Managing innovations better than one‗s competitors is one of the most important objectives of any modern economy that wants to grow, survive and thrive. Government should improve active exchange rate policy that avoids over-valuation or excessive depreciation of the Naira and ensures competiveness of tradable goods, relative price stability or low inflation as well as avoiding inconsistent fiscal policies should be designed.
Authors and Affiliations
Orji Martin Chukwuma Alfa, Mahammed Danlamin William
Keywords
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- EP ID EP418526
- DOI 10.9790/0837-2303100111.
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