Energy Consumption and Economic Growth Nexus in Nigeria: Evidence based on ARDL Bound Test Approach

Lasbrey Anochiwa, Oguwuike Michael Enyoghasim, Kalu E. Uma, C. Paul Obidike, Iyke Uwazie Uwazie, Ikwor Okoroafor Ogbonnaya, O. Richard Ojike and Clara Kelechi Anyanwu
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Lasbrey Anochiwa: Department of Economics and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike Ikwo, Ebonyi State, Nigeria,
Oguwuike Michael Enyoghasim: Department of Economics and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike Ikwo, Ebonyi State, Nigeria,
Kalu E. Uma: Department of Economics and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike Ikwo, Ebonyi State, Nigeria,
C. Paul Obidike: Department of Accountancy/Banking and Finance, Alex Ekwueme Federal University, Ndufu-Alike Ikwo, Ebonyi State, Nigeria,
Iyke Uwazie Uwazie: Department of Economics, Michael Okpara University of Agriculture, Umudike, Nigeria
Ikwor Okoroafor Ogbonnaya: Department of Economics and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike Ikwo, Ebonyi State, Nigeria,
O. Richard Ojike: Department of Economics and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike Ikwo, Ebonyi State, Nigeria,
Clara Kelechi Anyanwu: Department of Economics and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike Ikwo, Ebonyi State, Nigeria,

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 6, 713-721

Abstract: This study examines the relationship between economic growth and energy consumption in Nigeria by using ARDL bound test regression analysis. In the investigation process energy consumption, was disaggregated into electricity, coal and petroleum with growth rate of GDP data is used from 1980 to 2017. The findings show that petroleum and electricity variables are positive and significant to growth while coal is positive but not significant. Overall outcome is that energy consumption has a positive relationship with economic growth. The coal deposit must be put in use to increase energy production and consumption and stimulate other economic activities for growth.

Keywords: Energy consumption; economic growth; ARDL test. (search for similar items in EconPapers)
JEL-codes: O44 Q32 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2020-06-92

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