EconPapers    
Economics at your fingertips  
 

Dynamic Impact of Energy Consumption on the Growth of Nigeria Economy (1986-2016): Evidence from Symmetrical Autoregressive Distributed Lag Model

Egbichi Comfort, Abuh Ojamaliya, Okafor Victoria, Godwin Abigail and Adedoyin Oluwapelumi
Additional contact information
Egbichi Comfort: Department of Economics and Development Studies, Covenant University, Ota, Nigeria
Abuh Ojamaliya: Department of Economics and Development Studies, Covenant University, Ota, Nigeria,
Okafor Victoria: Department of Economics and Development Studies, Covenant University, Ota, Nigeria
Godwin Abigail: Department of Economics and Development Studies, Covenant University, Ota, Nigeria,
Adedoyin Oluwapelumi: Department of Economics and Development Studies, Covenant University, Ota, Nigeria.

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 2, 188-195

Abstract: This paper empirically examined the dynamic impact of energy consumption on the growth of Nigeria economy between 1986 and 2016 using symmetrical ARDL model approach. Findings from the study revealed that electricity consumption has not had a significant impact on the growth of the Nigerian economy. It shows that due to fluctuations in electricity supply, the growth of Nigerian economy has been on the decline. However, petroleum consumption was discovered to have a significant impact on economic growth in Nigeria; while gas consumption was discovered to have no significant impact on the growth of Nigeria economy. This was attributed to gas flaring activities and other environmental abuses that had caused major Niger-delta crisis and attendant consequences like pipeline vandalization and hostage taking. Suggestive from the study therefore are that government should undertake a cogent approach towards reforming the electricity supply sector as its paramount for the country’s quest for industrialization.

Keywords: Energy Consumption; Economic Growth; Petroleum; Gas and Electricity (search for similar items in EconPapers)
JEL-codes: O13 P28 O44 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/6318/3639 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/6318/3639 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2018-02-25

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().

 
Page updated 2018-04-21
Handle: RePEc:eco:journ2:2018-02-25