Impacting Nigeria’s Electricity Deficit: A Case Study Review of Enabling Solar PV Policies (Published)
This paper examines Nigeria’s dismal performance in electricity power generation and supply; it conducts a case study review is done of enabling Solar PV policies as a complementary alternative to effectively mitigating the effects of this challenge. Besides envisaging dire socio-economic implications in the event of a total national grid overhaul without alternative back-ups, this paper proffers the harnessing of the nation’s abundant solar energy sources as a leapfrogging strategy. In its analysis and discussion of the reviewed case studies, this paper posits that solar energy has the capacity to boost Nigeria’s electricity power generation and supply towards reducing current high levels of energy poverty. In backing its hypothesis, this paper conducts a case study review of two countries – United States of America and China – that have efficiently exploited their solar energy resources through deliberately conceptualised, designed and implemented policies, and in so doing facilitating a diversified, reliable and sustainable power generation and supply process. The paper concludes with recommendations put together based on inferences drawn from the case study reviews, as well as imputations made from an overarching analysis and discussion of these enabling policies.
Citation: Chinedu Okoye and Ibrahim Choji (2022) Impacting Nigeria’s Electricity Deficit: A Case Study Review of Enabling Solar PV Policies, International Journal of Developing and Emerging Economies, Vol.10, No.1, pp.21-39
Keywords: China, Electricity, Enabling Policies, Renewable Energy Technology (RETs), United States of America (US), deficit, solar PV
SHIFTING GLOBAL ECONOMIC PARADIGM (Published)
The 21st century was started with the dawn of a new economic puzzle of China’s fast economic growth. It has surprised the economists. The Chinese constant upward growth has shifted economic paradigm and the axis of growth appear to have been shifted from the western hemisphere to the eastern hemisphere. Some economists term it a 21st century miracle. The author has determined to test this miracle through empirical framework. Main research question of this study to explore the answer of the question why China is recording consistent rapid economic growth? Is this growth in the same way as other developed countries experienced in the past or is it a new phenomenon-a shift in global economic paradigm.The objective of this empirical analysis is to investigate into the causes of fast economic growth of China in the context whether this growth pattern is a normal phenomenon or an indicator of shifting global economic paradigm.Our study is spread over a period starting from 1980 to 2011 because of the introduction of economic reforms and massive economic growth. We have collected data from different sources such as China Bureau of National Statistics, IMF, World Bank and relevant research Journals and books. The selected variables for this research paper are: labour productivity, investment, exports, Research and Development expenses, capital stock, open door policy, real exchange rate and US GDP. We used ordinary least square (OLS) model to measure change in the selected variables. Five tests were used to test the stability of the model. The Econometric results show that international trade and investment in capital stock and R&D expenses by Chinese Government are the major determinants, which are responsible for enhancing labour productivity and output in the long-run, Similarly, real exchange rate appears as an important determinant to explain change in output in the long-run
Keywords: China, Exports, Investment, Labour productivity, Open door policy, Output, R&D
MILITARY EXPENDITURE AND ECONOMIC GROWTH IN THE CASE OF CHINA: USING ARDL APPROACH (Published)
In recent decades, the potential contribution of military expenditure to economic growth has been a subject of much controversy among development economists. While some contend that military expenditure has an adverse effect on economic growth as it crowds out investment. Others are of the view that military spending improves economic performance as it tends to expand aggregate demand. Taking advantage of recent developments in time series econometric methods, this paper re-examines the relationships between military expenditure and economic growth in China, from annual data for the period 1980–2011. The study used autoregressive distributed lag (ARDL) to test for the long-run and short run relationships while granger causality techniques used to examine the direction of causation. The results however indicate that there is an inverse relationship between economic growth and military spending in the short run while the long run results suggest that the correlation among the variables is inconclusive. Similarly, the granger causality tests revealed a unidirectional relationship running from GDP to military spending.
Keywords: China, Military expenditure; Economic growth; ARDL; Granger Causality