Energy consumption and economic growth in Nigeria:A revisit of the energy-growth debate

Emeka Nkoro, Nenubari Ikue and God’sgrace I. Joshua
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God’sgrace I. Joshua: Department of Economics, Faculty of Social Sciences, University of Port Harcourt, Nigeria

Bussecon Review of Social Sciences (2687-2285), 2019, vol. 1, issue 2, 01-09

Abstract: This paper investigated this disparity in the literature using Nigeria data from 1980 to 2016. In doing this, energy consumption was disaggregated, and their impacts on economic growth investigated using a modified Ordinary Least Square technique which allows for time gaps in the model. It was observed that only renewable energy impacted on economic growth in the long-run whereas non-renewable energy component impacted on economic growth in the short-run. Therefore, the study sees the impact of energy consumption on economic growth to be indistinct in Nigeria within the period under review. This further buttresses the need for improvement in electricity production and distribution in Nigeria. Given the importance of energy consumption on productivity, the study, therefore, suggests policies/measures that will bring about increasing the supply or improvement of energy production in the country.

Keywords: Renewable Energy; Economic Growth; Energy; Nigeria (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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