Human Factors as Determinants of Marine Accidents in Maritime Companies in Nigeria

Opeoluwa Oluseye, Olusola Ogunseye
2016 British Journal of Education, Society & Behavioural Science  
Nigeria is one of the fastest growing economies in the world, yet ranked 152 nd out of 188 countries of the world [1] . As such, growth in one sector of the economy does not automatically translate into equal benefits for the populace. This paper therefore provides an empirical analysis of the relationship between inclusive growth and its determinants as studies in this area are limited. Against this backdrop, the study utilized annual data from 1981 till 2014, and employed both the
more » ... ve distributed lag model (ARDL) and the error correction method (ECM) to investigate the long-run and the short-run parameters among the variables. The findings suggest a negative relationship between government consumption, education expenditure and inclusive growth both in the short-run and the long-run. In contrast, inflation and population growth variable indicate a positive effect on inclusive growth in the short-run but turned out negative in the long-run. Finally, initial capital and FDI showed a negative relationship in the short run, but a significantly positive contribution to inclusive growth in the long-run. Based on these findings, the study recommends that policy makers should take appropriate steps to increase the inflow of foreign direct investment, reduce inflation, while they work at improving the quality of the population in order to achieve inclusive growth.
doi:10.9734/bjesbs/2016/29548 fatcat:bp35viik75ealjviou2iuonwke