Public Debt and Economic Growth in Nigeria: A Consideration of New Evidence DOI Open Access

Kingsley Chukwujekwu Onyenwife,

Clement I. Ezeanyeji,

Chukwunonso Ekesiobi

et al.

Timisoara Journal of Economics and Business, Journal Year: 2023, Volume and Issue: 16(1), P. 1 - 24

Published: June 1, 2023

Abstract The discussion surrounding the connection between public borrowing and economic expansion has persistently endured without abating. While debt desirability proponents argue that is growth-enhancing, others does more harm than good to economy. In recent times, increase in Nigeria continues raise concerns regarding its desirability. Although several studies have been carried out this regard, there hardly any study examines debt-growth nexus context of tradable non-tradable sectors. Second, disaggregates bank-sourced from non-bank-sourced debt. Thus, aimed achieve two-pronged research objectives: To appraise implications on growth sector Nigerian economy analyze effect Nigeria’s nontradable sector. This spans 1981 2020. Using Generalized Linear Model (GLM), following conclusions are made. Initially, different elements varying impacts tradeable External obtained non-bank sources positively drive However, acquired banks associated servicing costs hurt Furthermore, components Specifically, foreign a significant positive influence but insignificant. similar sector, undermines Policy insights were provided line with study’s findings.

Language: Английский

Revisiting the relationship between natural resources and environmental quality— can ICT break the “resource curse” in the environment? DOI
Zhike Lv,

Kuankuan Zheng,

Jiyang Tan

et al.

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 357, P. 120755 - 120755

Published: April 1, 2024

Language: Английский

Citations

8
Impacts of bank loan performance, stability and risk factors on sustainable development goals: insights from South and Southeast Asia DOI
Masud Rana,

Hasibul Islam,

Md. Abdullah Al Mamun

et al.

Asia-Pacific Journal of Regional Science, Journal Year: 2025, Volume and Issue: unknown

Published: March 25, 2025

Language: Английский

Citations

1
Economic and geopolitical drivers of renewable energy in Sub-Saharan Africa: A panel data analysis DOI
Juan José Villar Roldán, Aida Galiano, Juan Manuel Martín Álvarez

et al.

Energy Economics, Journal Year: 2025, Volume and Issue: unknown, P. 108479 - 108479

Published: April 1, 2025

Language: Английский

Citations

1
Balancing the scales: Does public debt and energy poverty mitigate or exacerbate ecological distortions in Nigeria? DOI
Uju Regina Ezenekwe, Kingsley Ikechukwu Okere, Stephen Kelechi Dimnwobi

et al.

International Social Science Journal, Journal Year: 2023, Volume and Issue: 74(252), P. 451 - 475

Published: Oct. 12, 2023

Abstract Amid Nigeria's economic growth and energy challenges, the escalating public debt (PB) levels persistent poverty (EP) raise critical questions about their potential impacts on environment. Given conflict among development, EP alleviation ecological conservation, it becomes pertinent to understand whether increased PB efforts address inadvertently contribute or alleviate imbalances within country. Hence, this research investigates effect of load capacity factor (LCF) in Nigeria. Using STIRPAT model annual data from 1990 2021, study explores relationships total PB, EP, gross domestic product per capita, urbanization LCF. Descriptive analysis, correlation assessments unit‐root tests precede analysis conducted with autoregressive distributed lag (ARDL) dynamic ARDL (DARDL) technique. Key findings reveal significant negative effects Additionally, DARDL procedure highlights a positive long‐term relationship between Both analyses show short‐term GDP capita LCF, signalling need for sustainable practices. The concludes policy recommendations that aim promote development by tackling challenges

Language: Английский

Citations

14
Do fintech, natural resources and globalization matter during ecological crises? A step towards ecological sustainability DOI Creative Commons
Kingsley Ikechukwu Okere, Stephen Kelechi Dimnwobi, Ismail O. Fasanya

et al.

Journal of Open Innovation Technology Market and Complexity, Journal Year: 2024, Volume and Issue: 10(3), P. 100371 - 100371

Published: Aug. 31, 2024

Language: Английский

Citations

6
Striding towards a greener future: Unlocking the potential of natural resources and employment dynamics in green energy transition in sub‐Saharan Africa DOI Creative Commons
Kingsley Ikechukwu Okere, Stephen Kelechi Dimnwobi, Ismail O. Fasanya

et al.

Managerial and Decision Economics, Journal Year: 2024, Volume and Issue: unknown

Published: Sept. 7, 2024

Abstract The adoption and utilization of renewable energy offer potential benefits such as enhanced efficiency, cost savings, ecological advantages. However, a key research question addressed in this analysis is whether natural resource rent employment dynamics influence consumption Africa. Previous has predominantly focused on the aggregate rate, overlooking nuances labor diversity across sectors types. Hence, study evaluates importance driving transition to green sub‐Saharan Africa from 1991 2022. It employs innovative method moments quantile regression (MMQR) model for purpose. findings reveal positive connection between energy. When considering types, observes that self‐employment wages/salaried workers undermine clean utilization. Moreover, highlights economic also plays role. While agriculture service fosters utilization, industrial sector impedes consumption. To advance development Africa, underscores range policy options.

Language: Английский

Citations

6
Effect of renewable energy consumption on environmental quality in sub-Saharan African countries: evidence from defactored instrumental variables method DOI
Souleymane Sadio Diallo

Management of Environmental Quality An International Journal, Journal Year: 2023, Volume and Issue: 35(4), P. 839 - 857

Published: Dec. 5, 2023

Purpose Sub-Saharan Africa is a region that highly vulnerable to the effects of climate change. Renewable energy consumption could play major role in mitigating change by improving environmental quality region. The purpose this paper examine effect renewable on sub-Saharan African countries. Design/methodology/approach empirical investigation based estimation an augmented Green Solow model through defactored instrumental variables approach sample 34 countries over period 1996 2018. Findings results two-stage estimator show improves quality. Indeed, energies have significant negative influence CO 2 emissions. This result robust when using ecological footprint as indicator Practical implications In terms implications, governments need pursue policies encourage investment sector. will promote consumption, structure mix favour energy, improve and effectively combat Originality/value originality research relation existing literature lies at several levels. Firstly, analysis carried out unified framework combining Kuznets curve convergence hypotheses. Secondly, uses very recent econometric method. Finally, measured two indicators.

Language: Английский

Citations

11
Does public debt matter for human capital development? Evidence from Nigeria DOI
Ebele Nwokoye, Stephen Kelechi Dimnwobi, Favour Chidinma Onuoha

et al.

Journal of Public Affairs, Journal Year: 2024, Volume and Issue: 24(2)

Published: Feb. 28, 2024

An inquiry into the impact of external and domestic borrowings is considered timely for Nigeria, given growing public debt profile amid deteriorating human capital development. Using data from 1990 to 2021, study estimates effects debts on Nigeria's The employed fully modified ordinary least squares canonical cointegration regression as main estimation technique robustness check, respectively. discovered that debt, economic growth servicing exert positive significant influence development in Nigeria while environmental pollution has an inverse Nigeria. Premised outcomes, policy suggestions aimed at enhancing have been put forward.

Language: Английский

Citations

4
Pollution, governance, and women's work: Examining African female labour force participation in the face of environmental pollution and governance quality puzzles DOI
Kingsley Ikechukwu Okere, Stephen Kelechi Dimnwobi, Chukwunonso Ekesiobi

et al.

Women s Studies International Forum, Journal Year: 2023, Volume and Issue: 102, P. 102851 - 102851

Published: Dec. 15, 2023

Language: Английский

Citations

9
Exploring the influence of sustainable development factors on the environmental quality in OECD economies DOI
Muhammad Ullah, Muhammad Nasrullah, Mohamad Alnafissa

et al.

International Journal of Climate Change Strategies and Management, Journal Year: 2025, Volume and Issue: unknown

Published: March 13, 2025

Purpose This study aims to examine the impact of Sustainable Development Goals (SDGs), including water resources, forest areas, electricity access, renewable energy consumption and food production, on carbon dioxide emission. Environmental protection is paramount for combating degradation promoting global cooperation environmental issues. Design/methodology/approach The use Commen correlated effects mean group (CCE-MG), pooled group-autoregressive distributed lag (PMG-ARDL) measure role explainatory variables dependent variable. Findings an essential tool in fight against degradation. It functions as a channel issues, preserving existence future generations. International collaboration through diplomacy critical restoring health Earth’s ecosystems establishing more sustainable peaceful planet. contributes comprehension development reducing CO 2 emissions by providing fresh perspective from OECD nations. To achieve this, authors this paper panel data econometric methodologies with spanning 1991–2020. Originality/value provides new SDGs countries using 1991 2020. understanding developments emissions. CCE-MG Test, fully modified ordinary least squares Test PMG-ARDL are also used analyze data. enforcement regulations has favorable Empirical research reveals that current positively influence quality countries.

Language: Английский

Citations

0