The Determinants of Long Run Economic Growth in Nigeria

Sa’idu, Bello Malam; Ahmed, Bello Abba; Jakada, Aminu Hassan

doi:10.18488/journal.aefr.2018.81.1.7

Cited by 10 publications

(16 citation statements)

References 19 publications

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“…This suggests that the coefficients seen in the pooled data are diverse and statistically significant at both 1% and 5%. The slope homogeneity test was judged necessary to guarantee and validate the absence of evidence of homogeneity across the observed series (Personal and Archive, 2014;Pesaran et al, 2010;Pesaran and Yamagata, 2008;Ahmad, et al, 2015a;Ahmad, et al, 2015b;Ahmad, et al, 2015c;Ahmad, et al, 2015d;Ahmad, et al, 2015e;Ahmad, et al, 2015f;Umar, et al, 2015;Hassan, A., Babafemi, & Jakada, 2016;Kamalu, et al, 2019;Saidu, et al, 2018;Alkhawaldeh, et al, 2020;Ibrahim, et al, 2020;Jakada, et al, 2020c;Jakada, et al, 2020d;Adam, et al, 2021;Atiku, et al, 2021;Umar, et al, 2021;Jakada, et al, 2020d).…”

Section: Resultsmentioning

confidence: 99%

The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa

Atiku

Ismail²,

Roslan³

et al. 2022

IJEEP

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This paper analyses the effect of electricity distribution loos, carbon emissions, growth, and energy consumption nexus in West Africa utilising pooled series data that spans the decades of 1970 to 2019. The paper employs cross sectional auto regressive distributive lag model (CS-ARDL), and Dumitrescu Hurlin Causality Test. The result of unit root test reveals that the variables have mixed stationary. In addition, the empirical analysis revealed a statistically significant negative relationship between electricity distribution losses on energy consumption while electricity intensity level, electricity power consumption and economic growth prevails positive on energy consumption in the log-run. The result established a unidirectional causal relationship running from energy consumption LEC to electricity distribution losses LEDL while a bidirectional relationship was found between electricity intensity level LEIL causing LEPC electric power consumption and carbon emission LCO2.

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Section: Resultsmentioning

confidence: 99%

The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa

Atiku

Ismail²,

Roslan³

et al. 2022

IJEEP

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“…According to and Malam, Abba, and Hassan (2018) any other criteria used in limited sample sizes below 60 observations, the "Schwarz Information Criterion" (SIC) is superior to any other criterion used. The outcome of the study's lag selection criterion is shown in Table 3, and it is one if we obey LR, SBC, AIC, FPE and HQ.…”

Section: Resultsmentioning

confidence: 99%

Untitled

2021

International Journal of Business, Economics and Management

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The study aims to look at the relationship between environmental quality and financial instability in Nigerian over the period of 1970 to 2019 respectively. The Autoregressive Distributed Lag (ARDL) model is used in estimating the short-run as well as the long-run relationship between financial instability and the quality of the environment. The results of the study reveal that financial instability has a significant and positive impact on CO2 emissions, implying that financial instability is lowering the quality of environment in Nigeria. In addition, consistency and strength are verified by the application of numerous tests of diagnostic. The research introduces new insights that would not only be of benefit in advancing prevailing research but may also be of specific concern to policymakers in the financial sector of the country and its starring role in enhancing the quality of the environment. The results recommend that to prevent financial instability and its effect on environmental degradation in the light of policy consequences, financial sector reforms should be implemented with great caution. Contribution/Originality: This study contributes to the existing literature as the first research consideringNigeria that establishes the Aggregate Financial Stability Index (AFSI) to investigate the relationship between financial stability and environmental quality. The AFSI is made up of sub-indices that measure the development, vulnerability, and soundness of the financial sector. INTRODUCTIONDevelopment initiatives in the modern age are targeted at achieving environmentally sustainable economic growth rather than accruing and concentrating solely on growth. A clear correlation between economic activities and their adverse effects on environmental standards prevails in the current literature, and there is agreement among scholars that economic activities promote environmental degradation (Ahmad, Khan, Ur Rahman, & Khan, 2018). Many advanced and developing economies are making comprehensive efforts to resolve the issue of high CO2 emissions.

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“…The study pointed out that the government needs to escalate its spending in the fields of infrastructure development and human capital to expand output. Saidu et al (2018) also explored the determinants of Nigerian economic growth in the long-term. The study used the per capita GDP, government consumption expenditure, inflation, and population growth rate to identify the long-term cointegrations relationship among the variables by using annual time series data.…”

Section: Literature Reviewmentioning

confidence: 99%

Extended Exogenous Growth Model: Application and Investigation the Long-Term Growth Determinants of Bangladesh

Chowdhury

2020

Asian Economic and Financial Review

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This study explored various exogenous growth theories and investigated the determinants of the long-term economic growth of Bangladesh. The study estimated the extended exogenous growth model to find the factors of long-term economic growth by exploring the macroeconomic choice variables. The study analyzed the determinants of long-term economic growth by using the annual time-series data from the World Development Indicators (WDI) database from 1985 to 2018. The Autoregressive Distributed Lag (ARDL) and Bounds Test were applied to find the long-term cointegration relationship between the variables, and the Error Correction Model (ECM) identified a stable long-term relationship. The results showed a longterm positive and negative cointegration relationship between economic growth and its estimated determinants. The results found that economic growth has a positive relationship with government consumption expenditure, fertility rate, inflation rate, and agricultural sector growth, and a negative association with population growth. The overall findings of the study contradict the empirical results of the extended exogenous growth model. The study suggests that the Bangladesh government should promote the research and development sector and give importance to technological improvement, stock of human capital growth, capital stock expansion, and governmental actions. Contribution/ Originality:This study is one of very few studies to have investigated the extended exogenous growth model to identify the long-term growth determinants. The paper's primary contribution is investigating the determinants of the long-term economic growth of Bangladesh.

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The Determinants of Long Run Economic Growth in Nigeria

Cited by 10 publications

References 19 publications

The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa

The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa

Untitled

Extended Exogenous Growth Model: Application and Investigation the Long-Term Growth Determinants of Bangladesh

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