Author Information
Authors: Yusuf O. Akinwale, Abolaji D. Dada, Adekemi J. Oluwadare, Olalekan A. Jesuleye & Willie O. Siyanbola
Institution: National Centre for Technology Management, Obafemi Awolowo University, Ile-Ife, Nigeria
Journal: International Business Research
Volume: Vol. 5, No. 11
Year: 2012
Paper Details
Title: Understanding the Nexus of R&D, Innovation and Economic Growth in Nigeria
Authors: Yusuf O. Akinwale, Abolaji D. Dada, Adekemi J. Oluwadare, Olalekan A. Jesuleye & Willie O. Siyanbola
Journal: International Business Research
Volume: Vol. 5, No. 11
Year: 2012
Subject Area: Innovation Policy, Research and Development, Economic Growth, Technology Policy
Overview
This article examines the relationship between research and development (R&D), innovation, and economic growth in Nigeria. The study evaluates how R&D expenditure, labour force, and capital formation contribute to economic performance over a 31-year period from 1977 to 2007.
The paper highlights that while R&D plays an important role in economic growth, increased spending alone is insufficient without strong institutions, effective policies, and collaboration between industry and academia.
Main Areas Discussed
- Research and development and economic growth in Nigeria
- Innovation and technological advancement
- Science, technology and innovation policy in Nigeria
- Role of labour and capital in economic growth
- Industrial clusters and innovation systems
- Government funding of R&D in Nigeria
- Challenges facing R&D and innovation in Nigeria
Key Themes
- Research and development and economic growth
- Innovation and technology policy
- Industrial development and competitiveness
- Institutional challenges affecting innovation
- Human capital and economic growth
- Science, technology and innovation in Nigeria
Suggested Citation
Akinwale, Yusuf O.; Dada, Abolaji D.; Oluwadare, Adekemi J.; Jesuleye, Olalekan A.; Siyanbola, Willie O.
Understanding the Nexus of R&D, Innovation and Economic Growth in Nigeria
International Business Research, Vol. 5, No. 11, 2012
