Energy savings in Nigeria. Is there a way of escape from energy inefficiency?
Philip Adom () and
Renewable and Sustainable Energy Reviews, 2018, vol. 81, issue P2, 2421-2430
This study estimates the transition probabilities for different energy-use states in Nigeria, using the Markov Switching Regression technique. According to the results, both energy-efficient and energy-inefficient states are less persistent, but comparatively, the energy-inefficient state is more persistent. Thus, in Nigeria, it is much difficult to escape from the energy-inefficient state than the energy-efficient state. Several reasons may explain this phenomenon, and they include: inefficient regulatory system; poor institutional structure; high corruption; proliferation of second-hand goods; undeveloped markets; high incidence of poverty, and inefficient pricing in the energy sector. Pricing policies should be combined with institutional improvement and infrastructural development if Nigeria wants to achieve a sustainable energy-efficient state, in the long-term.
Keywords: E32; O52; Q41; Q43; Q48; Energy efficiency; Markov-switching method; Transition probabilities; Nigeria (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:81:y:2018:i:p2:p:2421-2430
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