Nexus Between Technological Innovation and Economic Growth: Evidence From Nigeria (1980-2018)

Technological innovation in developing countries is inherently identified with the transfer of technology from the advanced country via trade, FDI and importation of capital and intermediate goods, machinery and other forms of embodied technology (ETC). This is due to low investments in in-house research and development (RD however, in-house innovation activities (R&D) should be encouraged due to its peculiarity to the economic structure of the country.