Pollutant Emissions, Energy Consumption and Economic Growth in Nigeria

Philip O. Alege, Oluwasogo S. Adediran and Adeyemi A. Ogundipe
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Philip O. Alege: Department of Economics and Development Studies, College of Business and Social Sciences, Covenant University, Ota, Ogun, Nigeria
Oluwasogo S. Adediran: Department of Economics and Development Studies, College of Business and Social Sciences, Covenant University, Ota, Ogun, Nigeria
Adeyemi A. Ogundipe: Department of Economics and Development Studies, College of Business and Social Sciences, Covenant University, Ota, Ogun, Nigeria

International Journal of Energy Economics and Policy, 2016, vol. 6, issue 2, 202-207

Abstract: The study investigates the direction of causal relationships among emissions, energy consumption and economic growth in Nigeria using annual time series data for the period 1970-2013. The Johansen maximum likelihood cointegration tests indicate an existence of a unique cointegrating vector, and the normalized long run estimates shows that fossil fuel enhances carbon emissions whereas, clean energy source (electricity) mitigate the atmospheric concentration of carbon dioxide (CO2 ) emissions. Similarly, the Wald exogeneity Granger causality test indicates an existence of unidirectional causation running from fossil fuel to CO2 emissions and gross domestic product (GDP) per capita. Alternatively, non-fossil energy (electric power) causes more proportionate change in GDP per capita but our result could not establish any causal link between electric power and carbon emissions. Finally, charting a channel towards ensuring sustainable environment and economic development involves a progressive substitutability of clean energy sources for fossil consumption

Keywords: Carbon Dioxide Emissions; Energy Consumption; Johansen Cointegration; Granger Causality (search for similar items in EconPapers)
JEL-codes: C22 O13 Q53 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2016-02-7

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