Does Domestic Energy Consumption Contribute to Exports? Empirical Evidence from Nigeria
E. Nnaji Chibueze,
Jude Chukwu and
Nnaji Moses
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E. Nnaji Chibueze: National Centre for Energy Research & Development, University of Nigeria, Nsukka
Nnaji Moses: National Centre for Energy Research & Development, University of Nigeria, Nsukka
International Journal of Energy Economics and Policy, 2013, vol. 3, issue 3, 297-306
Abstract:
This paper examined the existence of interaction between domestic energy consumption and exports in Nigeria by using annual data from 1970 to 2009. We applied cointegration, Granger causality and impulse response functions to capture the relationship. The empirical results indicate that there is significant relationship between domestic energy consumption and exports in the long run. Granger causality tests showed that there is unidirectional causality running from energy consumption to exports. Impulse response functions indicate that shocks to the energy consumption have a positive impact on exports in the longrun. Likewise, expansions on exports were positively related to energy consumption. Therefore, significant improvement in energy production and utilization is expected to stimulate exports and engender economic growth in Nigeria.
Keywords: Energy; domestic energy consumption; exports; cointegration; causality; Nigeria (search for similar items in EconPapers)
JEL-codes: C32 Q40 Q43 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (7)
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2013-03-10
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