Energy Transition Financing and Industrial Competitiveness in Nigeria: An ARDL-ECM Analysis of Renewable Energy Investment, Manufacturing Output, and Carbon Intensity (1990–2025)
ナイジェリアにおけるエネルギー転換ファイナンスと産業競争力：再生可能エネルギー投資、製造業生産高、炭素強度のARDL-ECM分析（1990-2025年） (AI 翻訳)
Ezechimere Justice EKPENDU1*, Chidera Gideon CHINYEAKA2 & Dominic Udochukwu NWANOSIKE PhD3
🤖 gxceed AI 要約
日本語
本研究は、ナイジェリアの再生可能エネルギー投資資金が製造業の実質付加価値と産業炭素強度に与える影響を1990年から2025年の時系列データを用いてARDL-ECMモデルで分析。長期的には再生可能エネルギー投資が産業付加価値を押し上げる一方、炭素強度は製造業パフォーマンスを悪化させることを示した。政策提言として、産業政策とエネルギーインフラ改善、再生可能エネルギー資金調達の重要性を強調。
English
This study analyzes the impact of renewable energy investment financing on manufacturing value added and industrial carbon intensity in Nigeria from 1990 to 2025 using ARDL-ECM. Findings show that renewable energy investment boosts industrial value added in the long run, while carbon intensity hampers manufacturing performance. The paper recommends complementary industrial policies, energy infrastructure improvements, and renewable energy financing to enhance manufacturing competitiveness and energy transition.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本のGX政策（GX経済移行債、成長志向型カーボンプライシング）は産業競争力と脱炭素の両立を目指す点で共通する。本稿の「再生可能エネルギー投資が産業付加価値を押し上げる」という実証結果は、日本における再エネ投資の産業政策効果を論じる際の参考になる。ただし、ナイジェリア特有の文脈（燃料補助金撤廃など）を踏まえた解釈が必要。
In the global GX context
This paper contributes to the global discourse on transition finance and industrial competitiveness, particularly in emerging economies. It provides empirical evidence that renewable energy investment can crowd in industrial growth, aligning with global efforts to align climate finance with sustainable development. The ARDL-ECM methodology offers a robust framework for analyzing long-run relationships, relevant for countries designing energy transition policies.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the link between renewable energy financing and manufacturing competitiveness in an African context, useful for comparative studies.
🏢実務担当者:Highlights the potential of renewable energy investment to enhance industrial output, informing corporate investment decisions in emerging markets.
🏛政策担当者:Offers policy insights on how renewable energy financing can support industrial growth and environmental goals, relevant for energy transition planning.
📄 Abstract（原文）
Nigeria's post-fuel subsidy removal policies have raised concerns about renewable energy financing's impact on manufacturing and production prices. This study evaluates the influence of renewable energy investment funding on Nigeria's actual manufacturing value added and industrial carbon intensity from 1990 to 2025. Annual secondary time-series data were obtained from the CBN Statistical Bulletin, World Bank World Development Indicators (WDI), and International Energy Agency. The study used Autoregressive Distributed Lag (ARDL) bounds-testing and the Error Correction Model to estimate long-term and short-term variable associations. Unit root tests and bounds testing proved the ARDL methodology's applicability and long-run equilibrium relationship. Renewable energy investment funding increases industrial value added over time, implying a crowding-in effect. In contrast, industrial carbon intensity hurts manufacturing performance. Error correction model confirms stable adjustment toward long-run equilibrium, and post-estimation diagnostic tests indicate statistically robust and stable estimated model. The study found that renewable energy investment in Nigeria can boost industrial growth and environmental sustainability. Thus, complementary industrial policies, energy infrastructure improvements, and renewable energy financing should be implemented to boost manufacturing competitiveness and energy transition.
🔗 Provenance — このレコードを発見したソース
- Zenodo https://zenodo.org/records/21846510first seen 2026-08-09 04:32:18
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