Browsing by Author "Olabisi, Olabode Eric"

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    INFLATIONARY RATE IN NIGERIA: IMPACT OF FOREIGN CAPITAL INFLOWS
    (DOI: 10.18488/journal.88.2021.71.44.54, 2021-09) Olabisi, Olabode Eric
    As the prices of daily needs are aggravating in Nigeria, the value of the country’s currency (naira) is less appreciated on a daily basis, and this pose a threat to a good standard of living in Nigeria. Therefore, this study investigated the impact of foreign capital inflows on the persistent increase in inflation in Nigeria over the period of 1985 to 2019. The Autoregressive Distributed Lags was used to obtain the parameter estimates of the long run relationship between foreign capital inflows and inflation. By using the Forecast Error Variance Decomposition techniques, the cause-effect analysis of foreign capital inflows and inflation was determined. Results provide evidence of a long run relationship between the series. Results further indicate that inflation is sensitive to foreign capital inflows variables such as net official development assistance received and remittance inflows in Nigeria. Policies that reduce the negative impact on inflation are recommended in the body of the paper.
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    Toward sustainable electricity generation mix: an econometric analysis of the substitutability of nuclear energy and hydropower for fossil fuels in Canada
    (International Journal of Green Energy, 2021-02) Solarin, Sakiru Adebola; Bello, Mufutau Opeyemi; Olabisi, Olabode Eric
    The dominance of fossil fuels in electricity generation fuel mix continues to undermine the importance of electricity as a critical factor for sustainable economic development. As with most economies of the world, the Canadian fuel mix for electricity generation is dominated by fossil fuels. This scenario creates both environmental and resource sustainability challenges. There are questions marks over the potentials of nonfossil energy sources to address these challenges and ensure a more sustainable electricity generation. This study aims to examine the potentials of nuclear energy and hydropower to substitute the fossil fuels of coal and natural gas in electricity generation for Canada. A trans-log production function was estimated with the ridge regression method to obtain the parameter estimates. The empirical findings show that, with the exception of coal input, all energy inputs have positive output elasticities, which indicate that an increase in the energy inputs will increase output in Canada. The results further provide evidence of positive elasticity of substitution between the non-fossil energy sources and the fossil fuels which give credence to the hypothesis that clean energy sources such as nuclear energy and hydropower have the potential to substitute for the fossil fuels of coal and natural gas the electricity generation process for Canada. The estimates show that the smallest substitution occurs between coal and gas, which is an additional evidence that clean energy has higher chances of substituting fossil fuels. Policies that promote the adoption of more renewable and clean energy sources are recommended in the body of the paper.
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    Toward sustainable electricity generation mix: an econometric analysis of the substitutability of nuclear energy and hydropower for fossil fuels in Canada.
    (Taylor and Francis : International Journal of Green Energy,, 2021-02) Solarin, Sakiru Adebola; Bello, Mufutau Opeyemi; Olabisi, Olabode Eric
    The dominance of fossil fuels in electricity generation fuel mix continues to undermine the importance of electricity as a critical factor for sustainable economic development. As with most economies of the world, the Canadian fuel mix for electricity generation is dominated by fossil fuels. This scenario creates both environmental and resource sustainability challenges. There are questions marks over the potentials of nonfossil energy sources to address these challenges and ensure a more sustainable electricity generation. This study aims to examine the potentials of nuclear energy and hydropower to substitute the fossil fuels of coal and natural gas in electricity generation for Canada. A trans-log production function was estimated with the ridge regression method to obtain the parameter estimates. The empirical findings show that, with the exception of coal input, all energy inputs have positive output elasticities, which indicate that an increase in the energy inputs will increase output in Canada. The results further provide evidence of positive elasticity of substitution between the non-fossil energy sources and the fossil fuels which give credence to the hypothesis that clean energy sources such as nuclear energy and hydropower have the potential to substitute for the fossil fuels of coal and natural gas the electricity generation process for Canada. The estimates show that the smallest substitution occurs between coal and gas, which is an additional evidence that clean energy has higher chances of substituting fossil fuels. Policies that promote the adoption of more renewable and clean energy sources are recommended in the body of the paper.