IBRAHIM M.A | Bayero University, Kano (original) (raw)

Papers by IBRAHIM M.A

Research paper thumbnail of Public investment in Nigeria

This paper investigates the effects of external debt on public capital investment in Nigeria from... more This paper investigates the effects of external debt on public capital investment in Nigeria from 1970 to 2013 using autoregressive distributed lag (ARDL) bound testing approach. The empirical results reveal that external debt and debt service exert a negative impact on public capital investment, but the current real GDP is positive. In general, our empirical evidence suggests that external debt does not influence public investment over the period under study. At longer horizon, it is confirmed that the nature of poor domestic savings and investment causes higher debt service payments and crowd out available resources for investment in economic and social sectors. The study, therefore, suggests that the policy makers should adhere strictly to the appropriate use of debt through efficient investment, so that the debt service payments should not exceed the country’s payment capacity.

Research paper thumbnail of Re-visiting the Drivers for Increasing External Debt

Journal of Contemporary Issues and Thought

Research paper thumbnail of Domestic Investment, External Debt and Economic Growth: Cointegration and Causality Evidence from Nigeria

Journal of Contemporary Issues and Thought, Sep 6, 2017

This paper investigates the causal relationship between domestic investment, external debt and ec... more This paper investigates the causal relationship between domestic investment, external debt and economic growth in Nigeria from 1970 to 2013. In doing so, we use the Bayer and Hanck, cointegration test and Granger causality tests, which is augmented with a lagged error correction term. The results reveal a unique and stable cointegrating relationship among the candidate variables. The results also show bidirectional causality flows among domestic investment, external debt, foreign direct investment and economic growth. In addition, the results demonstrate a unidirectional causality running from external debt to economic growth, and economic growth to domestic investment. Taken together, the results show that all the four variables have a complementarity relationship with one another, and influence economic growth in Nigeria.

Research paper thumbnail of Impact of socio-demographic factors on the mitigating actions for climate change: a path analysis with mediating effects of attitudinal variables

Environmental Science and Pollution Research

Socio-demographic factors play a significant role in increasing the individual&am... more Socio-demographic factors play a significant role in increasing the individual's climate change awareness and in setting a favorable individual attitude towards its mitigation. To better understand how the adversative effects of climate change can be mitigated, this study attempts to investigate the impact of socio-demographic factors on the mitigating actions of the individuals (MAOI) on climate change. Qualitative data were collected from a face-to-face survey of 360 respondents in the Kuala Lumpur region of Malaysia through a close-ended questionnaire. Analysis was conducted on the mediating effects of attitudinal variables through the path model by using the SEM. Findings indicate that the socio-demographic factors such as gender, age, education, income, and ethnicity can greatly influence the individual's awareness, attitude, risk perception, and knowledge of climate change issues. The results drawn from this study also revealed that the attitudinal factors act as a mediating effect between the socio-demographic factors and the MAOI, thereby, indicating that both the socio-demographic factors and the attitudinal factors have significant effects on the MAOI towards climate change. The outcome of this study can help policy makers and other private organizations to decide on the appropriate actions to take in managing climate change effects. These actions which encompass improving basic climate change education and making the public more aware of the local dimensions of climate change are important for harnessing public engagement and support that can also stimulate climate change awareness and promote mitigating actions to n protect the environment from the impact of climate change.

Research paper thumbnail of On the Determinants of External Debt in Nigeria

SSRN Electronic Journal

This paper investigates the determinants of external debt in Nigeria from 1970 through 2013 using... more This paper investigates the determinants of external debt in Nigeria from 1970 through 2013 using Autoregressive Distributed Lag (ARDL) approach. The empirical results indicate that oil price, debt service and gross domestic savings play a significant role in determining external debt in Nigeria. The study also found an evidence that the exchange rate and fiscal deficit contributes to external debt build-up. The paper advocates for reviving of non-resource tradable sectors and an appropriate fiscal policy that will curtail the high spending effect and subside unnecessary expenditures.

Research paper thumbnail of External Debt and Growth Dynamics in Nigeria

African Development Review, 2016

This paper investigates the dynamic effects of external debt on economic growth in Nigeria from 1... more This paper investigates the dynamic effects of external debt on economic growth in Nigeria from 1970 through 2013. We begin by constructing an external debt sustainability index using principal component analysis to capture the overall effects of external debt indicators on economic growth. The empirical analysis is based on the ARDL bound test. The results show a long-run cointegration relationship between the variables. While external debt exerts an adverse effect of −0.069 per cent on growth in the long run, the external debt sustainability index shows a positive effect of 0.072 per cent and 0.024 per cent on growth in the long and short run. The findings suggest the government should reduce its expenditure and mobilize revenue through domestic sources to invest in projects with a high rate of return to enable debt repayment and stimulate growth. To maintain debt ratios within a manageable threshold so as to avoid being debt trapped, foreign loans should only be contracted on concessional terms.

Research paper thumbnail of Public investment in Nigeria

This paper investigates the effects of external debt on public capital investment in Nigeria from... more This paper investigates the effects of external debt on public capital investment in Nigeria from 1970 to 2013 using autoregressive distributed lag (ARDL) bound testing approach. The empirical results reveal that external debt and debt service exert a negative impact on public capital investment, but the current real GDP is positive. In general, our empirical evidence suggests that external debt does not influence public investment over the period under study. At longer horizon, it is confirmed that the nature of poor domestic savings and investment causes higher debt service payments and crowd out available resources for investment in economic and social sectors. The study, therefore, suggests that the policy makers should adhere strictly to the appropriate use of debt through efficient investment, so that the debt service payments should not exceed the country’s payment capacity.

Research paper thumbnail of Re-visiting the Drivers for Increasing External Debt

Journal of Contemporary Issues and Thought

Research paper thumbnail of Domestic Investment, External Debt and Economic Growth: Cointegration and Causality Evidence from Nigeria

Journal of Contemporary Issues and Thought, Sep 6, 2017

This paper investigates the causal relationship between domestic investment, external debt and ec... more This paper investigates the causal relationship between domestic investment, external debt and economic growth in Nigeria from 1970 to 2013. In doing so, we use the Bayer and Hanck, cointegration test and Granger causality tests, which is augmented with a lagged error correction term. The results reveal a unique and stable cointegrating relationship among the candidate variables. The results also show bidirectional causality flows among domestic investment, external debt, foreign direct investment and economic growth. In addition, the results demonstrate a unidirectional causality running from external debt to economic growth, and economic growth to domestic investment. Taken together, the results show that all the four variables have a complementarity relationship with one another, and influence economic growth in Nigeria.

Research paper thumbnail of Impact of socio-demographic factors on the mitigating actions for climate change: a path analysis with mediating effects of attitudinal variables

Environmental Science and Pollution Research

Socio-demographic factors play a significant role in increasing the individual&am... more Socio-demographic factors play a significant role in increasing the individual's climate change awareness and in setting a favorable individual attitude towards its mitigation. To better understand how the adversative effects of climate change can be mitigated, this study attempts to investigate the impact of socio-demographic factors on the mitigating actions of the individuals (MAOI) on climate change. Qualitative data were collected from a face-to-face survey of 360 respondents in the Kuala Lumpur region of Malaysia through a close-ended questionnaire. Analysis was conducted on the mediating effects of attitudinal variables through the path model by using the SEM. Findings indicate that the socio-demographic factors such as gender, age, education, income, and ethnicity can greatly influence the individual's awareness, attitude, risk perception, and knowledge of climate change issues. The results drawn from this study also revealed that the attitudinal factors act as a mediating effect between the socio-demographic factors and the MAOI, thereby, indicating that both the socio-demographic factors and the attitudinal factors have significant effects on the MAOI towards climate change. The outcome of this study can help policy makers and other private organizations to decide on the appropriate actions to take in managing climate change effects. These actions which encompass improving basic climate change education and making the public more aware of the local dimensions of climate change are important for harnessing public engagement and support that can also stimulate climate change awareness and promote mitigating actions to n protect the environment from the impact of climate change.

Research paper thumbnail of On the Determinants of External Debt in Nigeria

SSRN Electronic Journal

This paper investigates the determinants of external debt in Nigeria from 1970 through 2013 using... more This paper investigates the determinants of external debt in Nigeria from 1970 through 2013 using Autoregressive Distributed Lag (ARDL) approach. The empirical results indicate that oil price, debt service and gross domestic savings play a significant role in determining external debt in Nigeria. The study also found an evidence that the exchange rate and fiscal deficit contributes to external debt build-up. The paper advocates for reviving of non-resource tradable sectors and an appropriate fiscal policy that will curtail the high spending effect and subside unnecessary expenditures.

Research paper thumbnail of External Debt and Growth Dynamics in Nigeria

African Development Review, 2016

This paper investigates the dynamic effects of external debt on economic growth in Nigeria from 1... more This paper investigates the dynamic effects of external debt on economic growth in Nigeria from 1970 through 2013. We begin by constructing an external debt sustainability index using principal component analysis to capture the overall effects of external debt indicators on economic growth. The empirical analysis is based on the ARDL bound test. The results show a long-run cointegration relationship between the variables. While external debt exerts an adverse effect of −0.069 per cent on growth in the long run, the external debt sustainability index shows a positive effect of 0.072 per cent and 0.024 per cent on growth in the long and short run. The findings suggest the government should reduce its expenditure and mobilize revenue through domestic sources to invest in projects with a high rate of return to enable debt repayment and stimulate growth. To maintain debt ratios within a manageable threshold so as to avoid being debt trapped, foreign loans should only be contracted on concessional terms.