Energy Infrastructure and Growth of Domestic Investment in Nigeria: An Ardl Approach

Energy infrastructures play a crucial role in growth of domestic investment of any economy. Conventionally, most firms depend on public source of energy for production. Sequel to this, this paper examines the effect of energy infrastructure on domestic investment in Nigeria. Time series data obtaine...

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Bibliographic Details
Published in:Kuwait chapter of Arabian journal of business & management review 2018-03, Vol.7 (3), p.14-22
Main Authors: Ahmed , Adekunle O, Wole , Adedokun M, Taiwo , Muritala A, Olusola , Ayinde T
Format: Article
Language:English
Subjects:
Cost control
Developing countries
Economic growth
Economic models
ECONOMIC STRUCTURE
Electricity
ENERGY
Energy consumption
Expansion
Foreign exchange rates
Foreign investment
GDP
Gross Domestic Product
Growth models
Infrastructure
INVESTMENTS
LDCs
LOCAL PLANNING
NIGERIA
Power supply
Productivity
الإستثمارات
البنية الإقتصادية
التخطيط المحلي
الطاقة
نيجيريا
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Summary:Energy infrastructures play a crucial role in growth of domestic investment of any economy. Conventionally, most firms depend on public source of energy for production. Sequel to this, this paper examines the effect of energy infrastructure on domestic investment in Nigeria. Time series data obtained from CBN Statistical Bulletin and World Development Indicator were employed using Autoregressive Distributed Lag (ARDL) Model. Empirical findings show that energy infrastructure has a positive effect on domestic investment but non-significant. The policy .implications of this finding is that government should adopt more stringent supervision and policy to regulate execution of energy infrastructure project; and more funds needed to emancipate energy infrastructure in order to obtain desired level of domestic investment in Nigeria.
ISSN:2224-8358
2224-8358
DOI:10.12816/0048629