The Effects of Wireless Mobile Phone Technology on Economic Growth in Nigeria

  • Onochie Jude Dieli
  • Mika Kato
  • Gbolahan Solomon Osho Prairie View A&M University
  • Oluwagbemiga Ojumu 2Howard University, USA
Keywords: Transfer of technology, economic growth, mobile phone technology

Abstract

The market in the telecom industry is often segmented into three categories namely long distance, local and wireless services. In their survey, Green and Teece (1998) used this approach to study the telecom market segmentations of the United Kingdom, Australia, United States and New Zealand. In line with its policy of openness, transparency, fairness and participatory regulation, the commission informed stakeholders in September 2012 of its intent to conduct a study on the level of competition in the relevant markets of Nigeria’s Telecommunications Industry. It held meetings with a cross section of industry operators. This study shows that as the availability of mobile phone technology increases, the volume of import increases and more technology is transferred. Thus, the findings by Freund and Weinhold (2002, 2004) and Arrow (1969) are reconfirmed by the study’s empirical result. Therefore, technology helps to reduce distributional inequality of economic benefits. In fact, this does not necessarily imply reduction in inequality among rich and poor classes of these societies in the respective rich and poor states. The finding suggests that the availability of mobile phone technology increases state economic growth by different marginal weights. However, these marginal weights statistical significance across the states in both 90% and 95% confidence intervals could not be ascertained because the covariance has to be estimated using bootstrap. It is therefore left for future research.

Downloads

Download data is not yet available.

References

Aghion, Philippe and Howitt, Peter (1992), “A model of Growth through creative Destruction.” Econometrica 60:323-351.

Aghion, Philippe and Howitt, Peter (2009), “The Economics of Growth”
The MIT Press.

Alf Vanags and Lauris Gravelis (2014), “Benefits of 4G: Sweden and Estonia-European Leadership in 4G” Baltic Center for Economic Policy Studies.

Crispolti, V. and Marconi, D. (2006), “Technology transfer and economic growth in developing countries: an econometric analysis” Economic Working Papers, Number 564; Bank of Italy Economic Research and International Relations.

Garrick, B. and P. Gertler (2004), “Welfare Gains from foreign direct investment through technology transfer to local suppliers.”
http://dyson.cornell.edu/faculty_sites/gb78/wp/blalock_dfdi_013104.pdf

Hunya, G. (2000), “Upswing of privatization-related FDI in CEECs in the 1990s”.
The Vienna Institute monthly Report 5, pp.2-8.

Jamison, Douglas W. and Jansen Christina (2001),” Technology transfer and economic growth” Industry and Higher Education Volume 15, pp 189-196(8).

Kamal Saggi (2002), “Trade, Foreign Direct Investment and International Technology Transfer: A Survey” The World Bank Research Observer, Vol. 17 No.2 pp191-235.

Krugman, Paul (1979), “A model of Innovation, Technology Transfer and the World Distribution of Income” Journal of Political Economy 87: 253 – 266.

Okonjo-Iweala (2012), “Reforming the Unreformable: Lessons from Nigeria”.
The MIT Press.

Simon Kuznets (1966), “Modern Economic Growth: Rate, Structure and Spread” New Haven: Yale University Press, 1966.

Simon, Julian (1977), “The Economics of Population Growth”, Princeton N J: Princeton University Press.

Solow, Robert M. (1956), “A Contribution to the Theory of Economic Growth” Quarterly Journal of Economics 70:65-94.

Stokey, Nancy (1988), “Learning by Doing and the Introduction of New Goods” Journal of Political Economy 96: 701 -717.
Surjit, S. Sidhu and Mohindar S. Mudahar (1999), “Privatization and Deregulation needed policy reforms for Agribusiness Development.” Kluwer Academic Publishers.

Wade, Robert (1990) “Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization”. Princeton, N J: Princeton University Press.

Wolfgang Keller (2004), “International Technology Diffusion” Journal of Economic literature Vol. 42. No 3 pp752-782.

Wooldridge, Jeffery M (2002) Econometric Analysis of Cross Section and Panel Data. Cambridge, Mass: MIT Press.

The World Bank (2015), “Working for a world free of poverty” Retrieved from http://www.worldbank.org/
Published
2020-04-09
How to Cite
Dieli, O. J., Kato, M., Osho, G. S., & Ojumu, O. (2020). The Effects of Wireless Mobile Phone Technology on Economic Growth in Nigeria. Journal of Economics and Behavioral Studies, 12(1(J), 7-21. https://doi.org/10.22610/jebs.v12i1(J).2969
Section
Research Paper