TY  - BOOK
AU  - Jıbrıl,Murtala Saidu
AU  - Kalmaz,Demet Beton
TI  - INVESTIGATING THE IMPACT OF RAIL INFRASTRUCTURAL INVESTMENT ON ECONOMIC GROWTH IN NIGERIA
PY  - 2022///
KW  - Economic development
KW  - Dissertations, Academic
KW  - Nigeria
KW  - Investments
N1  - Thesis (MSc) - Cyprus International University. Institute of Graduate Studies and Research Economic Department; Includes bibliography (sheets 39-45)
N2  - 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
ER  -