The economic growth of Nigeria

Economic growth sustainability and environmental preservation have become a topical issue. This study emanates from the need to assess the starring role of energy ingestion in guaranteeing sustainable economic progression in Nigeria. The study investigates the influence of energy consumption and carbon dioxide emission on the economic growth of Nigeria from 2008 to 2019. In this study, we employ the multiple regression techniques to assess the impact of Electricity, CO2 , primary energy and total labour force on GDP.

6p mynguyenha 21-07-2021 13 2   Download

This study's main objective is to examine the roles of human capital development, energy consumption and crude oil exports in driving sustainable development goal 8-sustainable economic growth in Nigeria. Annual data from 1990 to 2018 were sourced from World Data Atlas, International Energy Agency, WDI and the Central Bank of Nigeria Statistical Bulletin respectively to achieve the aims of the study.

7p mynguyenha 21-07-2021 16 2   Download

Concerned by the environmental and economic threats posed by fossil fuels as the source of energy, this study uses the case of Nigeria economy to understand the extent to which economic growth and carbon emissions matters for renewable energy demands. Exploring both the linear and nonlinear ARDL modelling framework, the main empirical findings are that the amplified responsiveness of the consequence of climate change has led to increase in the demand for renewable energy particularly when the underlying source of the emissions is attributable to activities in the transport sector.

7p caygaocaolon11 18-04-2021 10 1   Download

This study builds on existing body of knowledge on the subject by estimating the contributions of the financial and energy sectors to the Nigerian economy between 1981 and 2018. Using the estimation method of dynamic ordinary least squares (DOLS), the study reveals electricity consumption, inflation and financial development as positive predictors of growth while oil price and gross fixed capital are negative predictors.

10p caygaocaolon11 18-04-2021 11 2   Download

This study is based on an attempt to use co-integration and ARDL modeling framework to examine the empirical evidence of the impact of the different components of human capital and energy infrastructure on economic growth in Nigeria between 1981 and 2018. Findings from the study showed that the quality of educational, transportation and communication facilities had a significant and contemporary influence on economic development.

6p caygaocaolon11 18-04-2021 17 1   Download

This study examined the stimulation of foreign direct investment (FDI) inflows through constant electricity power supply for economic growth in Nigeria, by engaging time series data sourced from the world development indicators (WDI) for the period 1986-2017 and employed the Autoregressive distribution lag econometric approach to co-integration. The gross domestic product growth rate per capita was the proxy for economic growth and the dependent variable, while the independent variables include FDI, labour force participation rate, gross fixed capital formation and electricity power supply.

5p kethamoi7 15-08-2020 26 3   Download

The results also report the absence of leverage effect in Nigeria. The policy considerations are the government, policymakers, and financial regulators, supervisors, and investors must embrace macroeconomic and non-macroeconomic factors of political instability, insecurity among others into policy formulation and implementation along with portfolio.

14p cleopatrahuynh 01-06-2020 21 1   Download

The research result shows that shocks in foreign direct investment (FDI) inflows and portfolio investment inflows have a positive and significant impact on economic growth in Nigeria. In addition, FDIs accounted for significant variation in the growth of the Nigerian economy followed by portfolio investments, while personal remittances exerted the least variation in growth.

12p caygaocaolon5 19-05-2020 17 1   Download

The debate on the nexus between energy consumption and economic growth continues unabated with divergent views on the direction of the relationship. This is partly due to the sources and patterns of energy consumption across different countries, differential characteristics of the economies, and differences in the methodologies employed. Again, the mixed and inconclusive results from prior cointegration tests might have arisen from the assumption of symmetry when, in actuality, the response of economic growth to energy consumption may be asymmetric.

11p partimesinhvien 13-05-2020 21 0   Download

This study explores the impact of non-life insurance industry performance on economic growth in Nigeria. Insurance penetration is measured through five diverse proxies such as non-life insurance, savings, expenditures, investment and profits of the insurance industry with their time-series statistics covering the period 1988 and 2012.

11p tociitocii 24-04-2020 10 0   Download

This paper examines specifically the impact of legal-based financial structure on long-run economic growth in Nigeria, using time serial data for 17 year period: 1992 – 2008. Time series general method of movement (GMM) regression was used to estimate the necessary models. The growth rate of gross domestic product per capita was adopted as the dependent variable, while the independent variables were the country’s legal codes.

17p nguyenminhlong19 21-04-2020 20 0   Download

The paper examines the implications of financial reform and interest rate behaviour on economic growth in Nigeria. The cointegration and error correction model were used on time series data from 1970-2006. The results demonstrate that financial reform and interest rates have significant impact on economic growth in Nigeria. The results imply that the behaviour of interest rate is important for economic growth in view of the empirical nexus between interest rates and investment, and investment and growth.

17p nguyenminhlong19 21-04-2020 13 1   Download

Literature abound justifying that industrialization is a pathway to economic development and growth. Whereas linkage between financial development and economic growth has long been a subject of intense scrutiny, not much has been done to examine the link between financial development and industrial growth. Using an aggregate production framework and autoregressive distributed lag (ARDL) cointegration technique for Nigerian time series data covering the period 1970 to 2009, the paper finds a cointegration relationship between financial sector development and industrial production.

20p nguyenminhlong19 21-04-2020 27 0   Download

In any economy, the banking industry is a highly regulated industry owing to the fact that the industry is considered as the engine of economic growth and development. The objective of this research is to analyze financial performances of pre and post consolidation program in order to determine whether there is significant difference between the two periods. The study employed the use of secondary data gathered from the audited financial reports of selected banks.

20p covid19 19-04-2020 14 2   Download

Nigeria has been financing budget deficit overtime but their implications on economic stability have not been fully ascertained. This study sought to investigate the implications of deficit financing on economic stability in Nigeria between 1970-2013. The study adopted regression analysis.

15p trinhthamhodang2 21-01-2020 33 1   Download

This paper examined the extent to which corruption pose a challenge and weigh down national security and development in Nigeria with various manifestations. The prevalence of corruption challenges in Nigeria is highly pervasive by undermining the nation's social, economic and political development. Corruption has unfavourable consequences on investment, growth, security and national development. Thus, weakening the institutional foundation on which all policies are made and implemented and making it detrimental to the sustainable development of the country.

8p chauchaungayxua2 04-01-2020 28 0   Download

Against the background of rising tradability and the productive nature of services as a result of the revolution in information and communication technology (ICT), this study examined the impact of services exports on economic growth in Nigeria. Time series estimations established a positive relationship between services export and economic growth after controlling for a number of variables.

27p viartemis2711 22-10-2019 20 2   Download

Regulators interviewed for this study noted that the examination philosophy was to identify adherence to rules and regulations, not adherence to general principles of safety and soundness. Because most S&L assets were fixed-rate home mortgages, credit-quality problems were rare. Loan evaluations were appraisal driven, and in the past the value of collateral had consistently appreciated. Thus, losses on home mortgages were rare, even in the event of foreclosure.

16p machuavo 19-01-2013 66 5   Download

It is widely accepted that technology is one of the forces driving economic growth. Although more and more new technologies have emerged, various evidence shows that their performances were not as high as expected. In both academia and practice there are still many questions about what technologies to adopt and how to manage these technologies.

324p qsczaxewd 22-09-2012 99 12   Download