Modelling Aggregate Energy Consumption for Growth in Nigeria

Ahmed Oluwatobi Adekunle, Biliqees Ayoola Abdulmumin, Joseph Olorunfemi Akande and Kehinde Gabriel Ajose
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Ahmed Oluwatobi Adekunle: Department of Accounting Science, Walter Sisulu University, South Africa.
Biliqees Ayoola Abdulmumin: Department of Finance, University of Ilorin, Nigeria
Joseph Olorunfemi Akande: Department of Accounting Science, Walter Sisulu University, South Africa
Kehinde Gabriel Ajose: Department of Accounting Science, McPherson University, Nigeria,

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 6, 389-395

Abstract: The principal aims of this study is to modelled the connection of Aggregate energy consumption for growth in Nigeria. Annual time series data is used, ranging from 1985-2020. The study employed ARDL, Toda and Yamamoto approach in examining connection between the variables. The ARDL results with additional stability test shows that short and long run connection exists among the examined variables. The Toda and Yamamoto test reveals unidirectional causalities running among the variables. Furthermore, change in GDP stimulate further consumption of energy in Nigeria.

Keywords: Aggregate Energy; Growth; ARDL (search for similar items in EconPapers)
JEL-codes: O11 Q43 Z32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2022-06-48

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