scholarly journals Assessing the Determinants of Electricity Generation Infrastructure in Nigeria

2021 ◽  
Author(s):  
Iyabo Olanrele
Keyword(s):  
Exchange Rate ◽  
Private Sector ◽  
Electricity Generation ◽  
Capital Formation ◽  
Fixed Capital ◽  
Fixed Capital Formation ◽  
Financial Credit ◽  
Generation Capacity ◽  
Per Capita ◽  
Electricity Infrastructure

Abstract The supply and demand for electricity have outpaced available infrastructure in Nigeria despite the abundant energy resources. The paper investigates the determinants of electricity generating infrastructure in Nigeria for the period 1980 to 2016. Using an Autoregressive Distributed Lag model, electricity generation capacity was used as an indicator for electricity infrastructure development. Its expansion was based on the behaviour of inflation rate, total government expenditure, interest rate, private sector financial credit, exchange rate, real GDP per capita, real gross fixed capital formation, and the rate of urbanisation. Financial credit to private sector, total public expenditure, real per capita income, real gross fixed capital formation, urbanization, and exchange rate adversely affect the development of electricity generation capacity. Investment in generating assets is capital intensive, which should be matched with adequate private sector financing. If the power sector subsidy will remain and achieve its objective, strategies that will lead to sustaining exchange rate stability should be promoted. Based on estimate, every one million population require 1000MW of electricity to function in modern-day society implying that Nigeria needs 180,000MW of electricity capacity. The realisation of this is hinged on large scale electricity infrastructure investment enabled, partly, by the favourable macroeconomic environment.JEL Classification: E16, O1, O2

E. ANALISIS PEMBENTUKAN MODAL TETAP BRUTO, INVESTASI ASING LANGSUNG, DAN EKSPOR TERHADAP PENDAPATAN NASIONAL PERKAPITA INDONESIA (DALAM MENGHINDARI MIDDLE INCOME TRAP)

2021 ◽  
Vol 4 (1) ◽  
pp. 47
Author(s):  
Mega Zahira Virtyani ◽  
Dr. Ignatia Martha Hendrati,S.E.,M.E. ◽  
Kiki Asmara,S.E.,MM
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
National Income ◽  
Capital Formation ◽  
Fixed Capital ◽  
Middle Income ◽  
Goods And Services ◽  
Fixed Capital Formation ◽  
Per Capita ◽  
Middle Income Trap

Abstrak Pendapatan Nasional Per Kapita merupakan pendapatan rata-rata semua penduduk di suatu negara. Penelitian ini bertujuan untuk menganalisis pengaruh Pembentukan Modal Tetap Bruto, Investasi Asing Langsung, dan Ekspor Barang dan Jasa terhadap Pendapatan Nasional Per Kapita Indonesia dalam menghindari Middle Income Trap. Metode yang digunakan dalam penelitian ini adalah metode regresi linier berganda dengan menggunakan data Indonesia periode tahun 2008-2019. Hasil penelitian menunjukkan secara bersama-sama variabel Pembentukan Modal Tetap Bruto, Investasi Asing Langsung, dan Ekspor Barang dan Jasa berpengaruh secara signifikan. Tetapi secara parsial, hanya Pembentukan Modal Tetap Bruto yang memiliki tingkat signifikan. Sedangkan, Ekspor Barang dan Jasa dan Investasi Asing langsung tidak berpengaruh secara signifikan. Upaya yang dapat dilakukan dalam menghindari Middle Income Trap yaitu Pembentukan Modal Tetap Bruto, Investasi Asing Langsung, dan Ekspor Barang dan Jasa meningkat secara bersama-sama agar dapat memberikan nilai tambah produktivitas terhadap Pendapatan Nasional Indonesia. Kata Kunci : Pembentukan Modal Tetap Bruto, Investasi Asing Langsung, Ekspor, Pendapatan Nasional Per Kapita, Jebakan Pendapatan Menengah. Abstract National Income Per Capita is the average income of all residents in a country. The purposes of this research are determine the effect of Gross Fixed Capital Formation, Foreign Direct Investment, and  Exports of Goods and Services on Indonesia's National Income Per Capita in avoiding Middle Income Trap. The method that used in this research is multiple linear regression method using Indonesian data for 2008-2019. The results of this research show that the variables of Gross Fixed Capital Formation, Foreign Direct Investment, and  Exports of  Goods and Services have a significant effect at the same time. Partially, only Gross Fixed Capital Formation has a significant level. Meanwhile, Exports of Goods and Services and Foreign Direct Investment do not have a significant effect. The efforts that can be made to avoid Middle Income Traps, are Gross Fixed Capital Formation, Exports of Goods and Services, and Foreign Direct Investment can be increase at the same time to give extra value for the productivity to Indonesia's National Income. Key Word : Gross Fixed Capital Formation, Foreign Diret Investment, Gross National Income Per Capita, Middle Incom Trap.

scholarly journals Public-Private Investment and Macroeconomic Determinants: Evidence from MENA Countries

2018 ◽  
Vol 11 (1) ◽  
pp. 15
Author(s):  
Nader Alber ◽  
Vivian Bushra Kheir
Keyword(s):  
Private Sector ◽  
Commercial Bank ◽  
United Arab Emirates ◽  
Private Investment ◽  
Capital Formation ◽  
Fixed Capital ◽  
Macroeconomic Factors ◽  
Mena Countries ◽  
Bank Branches ◽  
Fixed Capital Formation

This paper attempts to demonstrate the relationship between macroeconomic factors and each of Private Investment in Energy (PIE) and Private Investment in Telecoms (PIT) from 1990 to 2016 in 21 MENA countries (Algeria, Bahrain, Djibouti, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Malta, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, Palestine and Yemen). Results reveal that both PIE and PIT are Granger caused by GDP, Real Interest Rate, Gross fixed capital formation, private sector, stocks traded are Granger causing PIE. Also, Inflation, Exports of goods and services and Commercial bank branches are Granger causing PIT. All of the ten macroeconomic variables taken up in study are cointegrated with Investment in energy and telecoms with private participation in the long run. Besides, shocks to all of GDP, gross fixed capital formation, private sector to GDP, general government final consumption expenditure, stocks traded and commercial bank branches (as a proxy of financial inclusion) have a positive and statistically significant effect on the private investment in energy and telecoms.

scholarly journals Public Expenditure on Capital Formation and Private Sector Productivity Growth: Evidence From Lithuania and the Euro Area

2012 ◽  
Vol 3 (1) ◽  
pp. 20-31
Author(s):  
Jolanta Žemgulienė
Keyword(s):  
Private Sector ◽  
Euro Area ◽  
Government Expenditure ◽  
State Level ◽  
Capital Formation ◽  
Output Growth ◽  
Fixed Capital ◽  
Fixed Capital Formation ◽  
The Government ◽  
The Impact

This paper explores a relationship between government expenditure on fixed capital formation and private sector productivity in Lithuania and Euro area economies. The extent to which variations of productivity in private Lithuanian economy can be explained by the flow of government expenditure on gross capital formation is estimated from regression analysis based on Cobb-Douglas production function approach. Quarterly state-level data from Lithuania and pooled data from the Euro area countries (12 countries) for the period of 2000 – 2010 were used. The regression estimation indicates the insignificant result for the impact of volume of government expenditure on fixed capital formation on the private sector output growth. Empirical analysis also revealed the negative significant result for the government expenditure on fixed capital formation as a share of GDPfor both the Lithuania and Euro area countries.   

Energy consumption and growth in South Asia: evidence from a panel error correction model

2015 ◽  
Vol 9 (3) ◽  
pp. 295-310 ◽  
Author(s):  
Harishankar Vidyarthi
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
South Asia ◽  
Capital Formation ◽  
Fixed Capital ◽  
Gdp Per Capita ◽  
Content Type ◽  
Long Run ◽  
Fixed Capital Formation ◽  
Per Capita

Purpose The purpose of the paper is to empirically examine the relationship between energy consumption and economic growth for a panel of five South Asian economies, namely, India, Pakistan, Bangladesh, Sri Lanka and Nepal over the period from 1971 to 2010 within a multivariate framework. Design/methodology/approach The study uses Pedroni cointegration and Granger causality test based on panel vector error correction model to examine long-run equilibrium relationship and direction of causation in the short and long run between energy consumption and economic growth using energy inclusive Cobb–Douglas production function for a panel of five South Asia countries, namely India, Pakistan, Bangladesh, Sri Lanka and Nepal. Findings Pedroni’s panel cointegration test indicates the long-run equilibrium relationship between economic growth per capita, energy consumption per capita and real gross fixed capital formation per capita for panel. Further, 1 per cent increase in energy consumption per capita increases the gross domestic product (GDP) per capita by 0.8424 per cent for the panel. Causality results suggest bidirectional causality between energy consumption per capita, gross fixed capital formation per capita and GDP per capita in the long run and unidirectional causality running from energy consumption per capita and gross fixed capital formation per capita to GDP per capita in the short run. Practical implications These South Asian countries should implement an expansionary energy policies through improving the energy infrastructure, energy efficiency measures and exploiting massive renewables’ availability for low-cost, affordable clean energy access for all, especially in the yet unserved rural and remote areas for further stimulating economic growth. Originality/value Implementing energy efficiency measures and massive renewables development (wind, solar and hydropower) may help the affordable and clean energy access and reducing fossils fuel dependence and its associated greenhouse emissions in South Asia.

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