Papers by Stephen Dimnwobi
International Journal of Energy Sector Management
Purpose This paper empirically assesses energy efficiency (EE) adoption among firms by examining ... more Purpose This paper empirically assesses energy efficiency (EE) adoption among firms by examining the factors that drive investment in EE in the Onitsha plastic cluster, South-East, Nigeria. Design/methodology/approach Self-administered questionnaires were delivered to the selected enterprises. A total of 450 questionnaires were administered of which 423 were certified valid and used for the analysis. A Heckit model was developed and estimated. Findings Gender, firm size, Joneses effect and expected cost reduction benefits are the significant determinants of EE investment. However, firm structure, government incentives, regulatory requirements and reduction of carbon emission are insignificant drivers of EE investment decisions in the Onitsha plastic cluster. Originality/value This paper presents a foremost attempt at analysing the determinants of energy investment in a cluster in Nigeria.
International Journal of Sustainable Development & World Ecology
Journal of Economic and Administrative Sciences
PurposeIn developing countries, banks play a major role by acting as a conduit for the effective ... more PurposeIn developing countries, banks play a major role by acting as a conduit for the effective mobilization of funds from the surplus sectors of an economy for onward lending to the deficit sectors for productive investments that will in turn increase the level of employment and economic growth. There has being a rising trend in unemployment rate in Nigeria and South Africa and hence, the need for the study to assess the effectiveness of banking system credit in curbing unemployment rate by making a comparative analysis of Nigeria and South Africa covering the period of 1991–2018.Design/methodology/approachThe study employed the unit root test, Johansen cointegration test, vector error correction model and VAR impulse response function in determining the relationship between the variables.FindingsThe major findings revealed that banking system credit matters in curbing unemployment rate in South Africa than in Nigeria. Also, other macroeconomic factors such as lending rate, inflat...
International Journal of Energy Sector Management
Purpose Given the ever-growing fiscal commitments of Nigeria and her chequered history of electri... more Purpose Given the ever-growing fiscal commitments of Nigeria and her chequered history of electricity generation and distribution, the fortunes of the energy sector in the country have been affected by the prevalence of energy poverty. Government policies such as public capital expenditure (PCE) present a crucial option for reducing energy poverty in Nigeria, providing the purpose of this study. Design/methodology/approach To investigate the relationship between government capital spending and five distinct energy poverty proxies, this research applies the Bayer–Hanck cointegration system and the auto-regressive distributed lag (ARDL) bound test. Findings The findings indicate that public capital spending in Nigeria worsens energy poverty by reducing access to electricity, urban electrification, renewable energy consumption and renewable electricity generation, with a positive but insignificant influence on rural electrification. Originality/value This inquiry presents a pioneering ...
The Nigerian journal of economic and social studies, 2019
Adoption and utilization of information and communication technology (ICT) is paramount for impro... more Adoption and utilization of information and communication technology (ICT) is paramount for improved agricultural productivity. This study employs a combination of descriptive statistics, logit model, and analysis of variance to examine the factors that drive ICT adoption among rice farmers in Ebonyi State, SouthEast Nigeria. A sample of 476 rice farmers was identified and selected using the snowball sampling technique. The results of the study established that degree of awareness, farmer's perception, educational attainment, income level, age, training, cost of ICT device are significant determinants of ICT adoption by farmers. On the other hand, differences in gender do not significantly determine ICT adoption. Findings also show that there are income improvements among ICT adopters. The study recommends greater focus on ICT training of farmers to improve adoption and boost rice output in the state.
KIU Journal of Humanities, Oct 9, 2017
Regular, adequate and affordable power supply, which are key indicators of improvements in econom... more Regular, adequate and affordable power supply, which are key indicators of improvements in economic welfare and by extension economic growth, are missing from Nigeria's clime hence the country faces a lot of developmental challenges including the risk of losing potential investors. This paper examined power infrastructure and electricity in Nigeria using descriptive demonstrations. Tables, charts and figures were used to provide evidences which support the huge gulf between electricity produced by the various power infrastructures and electricity demand in Nigeria. Electric power production, transmission and distribution capacities of 3,600MW, 5,838MW and 8,425MVA respectively are grossly inadequate to meet power demand of 10,000MW in Nigeria. This leaves estimated power generation, transmission and distribution deficits of 6,400MW, 3,502MVA and 6,740MW respectively. This study emphasizes that the infrastructure deficits requires about 8.1 trillion naira to finance and therefore recommends that the Nigerian government, the generating companies and the distribution companies should all make concerted efforts towards growing and developing the power infrastructure in the country. The government should also create a secure and enabling environment, free from corruption and undue interference, for the power sector to thrive and contribute positively towards improving the welfare of electricity consumers in the country.
African Development Review, 2022
Aware of the nature of deficits in the current account, fiscal account, and the financial account... more Aware of the nature of deficits in the current account, fiscal account, and the financial account balances of the countries in the Sub-Saharan Africa (SSA) region, this inquiry assessed the relationship between these deficits and the implication of such relationship for the African Continental Free Trade Area (AfCFTA). To do this, the study adopted panel data analysis techniques using the Pooled Mean Group-Autoregressive Distributed Lag (PMG-ARDL) specifications to test for the Triple Deficit Hypothesis (TDH) in the region. The findings of the study revealed the presence of the TDH in SSA where bidirectional causality exists between current account balance and budget balance, and between saving gap and current account balance, with a unidirectional causality running from budget balance to saving gap. The adoption of sound fiscal, monetary, and trade interventions in the region constitutes the major policy recommendations.
Evidences in the literature show that Nigeria’s consumptionist nature as well as its heavy depend... more Evidences in the literature show that Nigeria’s consumptionist nature as well as its heavy dependence on crude oil income streams, have created room for growing unemployment, inflation and poverty rates as well as the recent shrink in its GDP growth rate. More so, the unpredictable movements in global oil price demonstrate the need for Nigeria to diversify its revenue streams in order to remain relevant and ranked amongst the vigorous economies of Africa. Based on the United Nations Industrial Organization (UNIDO)/World Bank success yardsticks and with its theoretical framework rooted in the endogenous growth model, this paper interrogated the domestic macroeconomic drivers of economic diversification in Nigeria. Employing time series for the period 1981 to 2016 data from the World Development Indicators, the study found that the drivers of economic diversification were improved infrastructure, increased credit from financial sector, reduction in lending rate and increased domestic ...
Science of The Total Environment, 2021
The nexus of population dynamics and environmental degradation has been discussed widely in the e... more The nexus of population dynamics and environmental degradation has been discussed widely in the extant literature. Most related studies have utilized carbon emission as a proxy of environmental quality. However, carbon emission does not capture the multidimensional nature of environmental degradation. To fill this gap, this study utilized the ecological footprint to capture environmental degradation because it is a more dynamic environmental quality measure. The paper examines the population-environmental degradation hypothesis for five populous African countries (DR Congo, Ethiopia, Nigeria, South Africa and Tanzania) using panel information from 1990 to 2019. The Cross-sectionally Augmented autoregressive distributed lag (CS-ARDL) was employed to assess the relationship among the data - ecological footprint per capita (ECFP), population growth rate (POPG), population density (POPD), urban population growth rate (URBN), age structure of the population (AGES), per capita GDP growth rate (PGDP), energy consumption (ENEC), and trade openness (TRAD). The findings of the study revealed that POPG, POPD, AGES, PGDP, ENEC and TRAD increase environmental degradation. Urbanization (URBN) has no significant influence on environmental degradation in the selected African countries. The study concludes with policy prescriptions geared towards addressing population expansion and improving environmental quality.
UNIZIK JOURNAL OF BUSINESS, 2018
While most advanced economies are in the process of de-industrializing their economies, efforts b... more While most advanced economies are in the process of de-industrializing their economies, efforts by successive governments to transform the economy of Nigeria, from a commodity-driven to an industrialized one, has not yielded much fruit despite several industrial policies and reforms. In Nigeria, the problem of industrialization is not the difficulty in attaining economic growth but the predicament of the extent to which attention is paid to infrastructure, human capital, private sector credit, technology, foreign direct investment, domestic price and exchange flexibility as determinants of the manufacturing sub-sector’s utilization capacity rate and its productivity index. Based on the United Nations/World Bank success yardsticks with theoretical framework rooted in the Prebisch-Singer Hypothesis and the endogenous growth model, this study utilizes the K-class estimation procedure on Nigeria’s time series between 1990 and 2016. The result obtained indicate that infrastructural devel...
SSRN Electronic Journal, 2020
International Journal of Academic Research in Economics and Management Sciences, 2016
Creativity and innovation are important determinants of competitiveness, without which a nation o... more Creativity and innovation are important determinants of competitiveness, without which a nation or economy hardly becomes competitive. They are central to the development of any economy and as such a country must constantly keep abreast and adapt continuously to pave the way for significant improvement in contemporary times. This paper attempts an economic discourse of creativity, innovation and competitiveness using various indices for their measurements and examining critically where Nigeria (the country of interest) is positioned. The study reveals that Nigeria has a very low degree of creativity, innovation and competitiveness, when compared to other nations and this poses a threat to the diversification of the Nigerian economy championed by the present administration. The study recommends that Nigeria should take urgent concrete steps in addressing weaknesses in infrastructure, macroeconomic policy and security; while adequate investment should be made on human capital development.
Journal of African Business, 2022
How a production subsidy can boost Nigeria's renewable energy sector, growth and employment • A p... more How a production subsidy can boost Nigeria's renewable energy sector, growth and employment • A production subsidy for the renewable energy sector can promote the development and use of renewable electricity in Nigeria. • Financing the incentive through fiscal deficit is the best way to develop the renewable energy sector compared to revenue-or budget-neutral funding. • CO 2 emissions would decline, particularly from residential electricity-users.
Public Policy and Administration Research, 2016
Given the importance of manufacturing sector as a key driver of economic growth, this paper exami... more Given the importance of manufacturing sector as a key driver of economic growth, this paper examines public sector education investment and manufacturing output in Nigeria. The study employed Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique to analyse the relationship between public educational spending, primary school enrolment rate, per capita income, exchange rate, foreign direct investment and manufacturing output growth. The study revealed that that public education spending has a positive but insignificant effect on manufacturing output growth in Nigeria. The study recommends among other things, that government should target education spending in ways that favour manufacturing industry growth. Keywords: Education spending, manufacturing output, economic development JEL Classification: H52, I25, L6
SRPN: Developing World (Topic), 2017
The prevailing gender preferences in employment opportunities in Nigeria’s civil service are worr... more The prevailing gender preferences in employment opportunities in Nigeria’s civil service are worrisome. Although by the virtue of Nigeria’s population, the potential female labour force is about 50% and the national labour force participation rate is about 67.4%, the male participation rate is 70.3% while that of female accounts for just 29.7%. This paper is an inquiry into the determinants of labour force participation in Ebonyi State civil service and made use of primary data collected through a well-structured questionnaire. The data collected were analyzed using simple percentage and the hypotheses formulated were tested using logit regression technique. The findings show that educational attainment, wage rate and age are significant determinants of male labour force participation while wage rate, safety and educational attainment are significant determinants of female labour force participation. The study therefore recommends that government should provide subsidized education,...
Education is regarded as the greatest investment that any nation can make for the development of ... more Education is regarded as the greatest investment that any nation can make for the development of its human and material resources. This paper investigated the socio-economic determinants of academic performance in Aguata local government area, Anambra state. The study made use of a qualitative response regression model to analyze the participant’s responses obtained through a well-structured questionnaire. The study presents some interesting findings. The ML-Binary logit estimation results show that parental income (PI); number of hours of study (NHS); parent educational achievement (PEA) and power supply (PS) have positive and significant impact on student’s academic performance (AP), family size (FS) has a negative and significant impact on student’s academic performance (AP) whereas residential area (RA) has positive and insignificant impact on academic performance. The correlation results show that all the variables except family size are positively correlated with student’s aca...
African Development Review
This study examines the effect of remittances inflow to Nigeria on labour force participation in ... more This study examines the effect of remittances inflow to Nigeria on labour force participation in the country using the propensity score matching and Heckman two‐step benchmark model. With data sourced from Nigeria's 2015/16 General Household Survey, results reveal that receipt of remittances increased both labour force participation for non‐farm economic activities and labour force participation in urban areas, perhaps as a result of investing received remittances in new business ventures. In addition, remittance inflows raised economic activeness of the younger members of the labour force who constituted a greater percentage. The study recommends the proper functioning of institutions aimed at facilitating remittance inflows as well as enhancing the utilization of such remittances in industry‐based business start‐ups.
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Papers by Stephen Dimnwobi