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For decades, Nigeria’s agriculture intermodal mix has been out of balance, leaning heavily on road transport. Seventy per cent of agro-produce transportation is through a crumbling road system. For stakeholders, the return of rail transport services is a good omen. The purpose of this paper was to investigate the effect of rail infrastructure quali...
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Context 1
... next stage of the procedure would be to estimate the coefficients of the long-run relations and short-run (as well as the associated error correction model (ECM)) using the ARDL approach. Table 3 delineated both long-run and short-run coefficients for the model specification. From Table 3, the coefficient of the parameter of error correction mechanism (ECM) (-0.718408) has the hypothesized negative sign and is statistically significant at 1% level. ...Context 2
... 3 delineated both long-run and short-run coefficients for the model specification. From Table 3, the coefficient of the parameter of error correction mechanism (ECM) (-0.718408) has the hypothesized negative sign and is statistically significant at 1% level. This showed that about 71.84 per cent of disequilibria in the agriculture value added in the previous year were corrected for in the current year. ...Context 3
... the long run, as shown in Table 3, all the variables are significant in influencing agriculture value added in Nigeria. However, railroad infrastructure quality (LNRAILQ), political stability (LNPS), inflation (LNINFR), and market size (proxy by GDP per capita (LNGDPC) had a negative impact on agriculture valueadded, while exchange rate (LNREXR), foreign direct investment (LNFDI) (a proxy for technology (TECH)), and the index of human capital per person (LNIHC) had a positive impact on agriculture value added. ...Context 4
... next stage of the procedure would be to estimate the coefficients of the long-run relations and short-run (as well as the associated error correction model (ECM)) using the ARDL approach. Table 3 delineated both long-run and short-run coefficients for the model specification. From Table 3, the coefficient of the parameter of error correction mechanism (ECM) (-0.718408) has the hypothesized negative sign and is statistically significant at 1% level. ...Context 5
... 3 delineated both long-run and short-run coefficients for the model specification. From Table 3, the coefficient of the parameter of error correction mechanism (ECM) (-0.718408) has the hypothesized negative sign and is statistically significant at 1% level. This showed that about 71.84 per cent of disequilibria in the agriculture value added in the previous year were corrected for in the current year. ...Context 6
... the long run, as shown in Table 3, all the variables are significant in influencing agriculture value added in Nigeria. However, railroad infrastructure quality (LNRAILQ), political stability (LNPS), inflation (LNINFR), and market size (proxy by GDP per capita (LNGDPC) had a negative impact on agriculture valueadded, while exchange rate (LNREXR), foreign direct investment (LNFDI) (a proxy for technology (TECH)), and the index of human capital per person (LNIHC) had a positive impact on agriculture value added. ...