INVESTIGATING THE IMPACT OF RAIL INFRASTRUCTURAL INVESTMENT ON ECONOMIC GROWTH IN NIGERIA / MURTALA SAIDU JIBRIL; SUPERVISOR: ASSOC. PROF. DR. DEMET BETON KALMAZ

Yazar: Katkıda bulunan(lar):Dil: İngilizce 2022Tanım: 47 sheets; 31 cm. Includes CDİçerik türü:
  • text
Ortam türü:
  • unmediated
Taşıyıcı türü:
  • volume
Konu(lar): Tez notu: Thesis (MSc) - Cyprus International University. Institute of Graduate Studies and Research Economic Department Özet: ABSTRACT As a global player, Nigeria has surfaced with a new role in international economic and political settings, and what this means for the African continent in general, and its economic growth in particular, has garnered considerable attention, interpretations, analysis, and prediction from development economists, policymakers, state and non state actors worldwide in recent decades. In Nigeria, for example, initiatives to encourage and build higher economic growth through new and massive transportation infrastructure have been extensively implemented. Thus, numerous existing studies on Chinese infrastructural investment in Nigeria have been based on the cost or benefits of Africa's involvement in trade and infrastructure investment connections with China. Therefore, this study employed Autoregressive Distributive Lag (ARDL) model with Error Correction Mechanism (ECM) to investigate the impact of rail infrastructural investment on economic growth in Nigeria using annual time series data from 1980 to 2021. The findings from this study revealed that there is evidence of cointegrating relationship among the considered variables from the bound test. The results of the ARDL revealed that rail infrastructural investments have significant impacts in both the sort run and the long run horizons although the results were affected by lags variables. The coefficient of ECTt-1 (i.e., -0.2348) is statistically significant at 1%. This means that to fully restore the impact of rail infrastructural investments on economic growth in Nigeria in the subsequent period, about 23% adjustment to equilibrium convergence is required annually in the rail transport system. Overall, the study concludes that Chinese rail infrastructural investments have significant impact on economic growth in Nigeria during the study period. The study recommends that Nigeria should allow more private investments, trade index or buy particular goods from foreign countries especially from China were most of FDI is coming from, instead or other countries and tax adjustments especially in favour of Chinese companies may become options for settling Chinese debt which may turn out to be much higher than expected in the long run. Keywords: Economic Growth, Investment, Nigeria, Rail Infrastructure
Materyal türü: Thesis
Mevcut
Materyal türü Geçerli Kütüphane Koleksiyon Yer Numarası Durum Notlar İade tarihi Barkod Materyal Ayırtmaları
Thesis Thesis CIU LIBRARY Tez Koleksiyonu Tez Koleksiyonu YL 2739 J43 2022 (Rafa gözat(Aşağıda açılır)) Kullanılabilir Economics Department T3107
Suppl. CD Suppl. CD CIU LIBRARY Görsel İşitsel YL 2739 J43 2022 (Rafa gözat(Aşağıda açılır)) Kullanılabilir Economics Department CDT3107
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Thesis (MSc) - Cyprus International University. Institute of Graduate Studies and Research Economic Department

Includes bibliography (sheets 39-45)

ABSTRACT
As a global player, Nigeria has surfaced with a new role in international economic and
political settings, and what this means for the African continent in general, and its
economic growth in particular, has garnered considerable attention, interpretations,
analysis, and prediction from development economists, policymakers, state and non state actors worldwide in recent decades. In Nigeria, for example, initiatives to
encourage and build higher economic growth through new and massive transportation
infrastructure have been extensively implemented. Thus, numerous existing studies on
Chinese infrastructural investment in Nigeria have been based on the cost or benefits
of Africa's involvement in trade and infrastructure investment connections with China.
Therefore, this study employed Autoregressive Distributive Lag (ARDL) model with
Error Correction Mechanism (ECM) to investigate the impact of rail infrastructural
investment on economic growth in Nigeria using annual time series data from 1980 to
2021. The findings from this study revealed that there is evidence of cointegrating
relationship among the considered variables from the bound test. The results of the
ARDL revealed that rail infrastructural investments have significant impacts in both
the sort run and the long run horizons although the results were affected by lags
variables. The coefficient of ECTt-1 (i.e., -0.2348) is statistically significant at 1%. This
means that to fully restore the impact of rail infrastructural investments on economic
growth in Nigeria in the subsequent period, about 23% adjustment to equilibrium
convergence is required annually in the rail transport system. Overall, the study
concludes that Chinese rail infrastructural investments have significant impact on
economic growth in Nigeria during the study period. The study recommends that
Nigeria should allow more private investments, trade index or buy particular goods
from foreign countries especially from China were most of FDI is coming from,
instead or other countries and tax adjustments especially in favour of Chinese
companies may become options for settling Chinese debt which may turn out to be
much higher than expected in the long run.
Keywords: Economic Growth, Investment, Nigeria, Rail Infrastructure

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