Energy Demand and Cooking Energy Cost in an Oil-Rich Economy: A New Evidence from Nigeria

Orji Anthony (), Stephen Ogwu, Mba Peter Nwachukwu () and Onyinye Anthony-Orji
Additional contact information
Orji Anthony: Department of Economics, University of Nigeria, Nsukka, Nigeria
Mba Peter Nwachukwu: Department of Economics, University of Calabar, Nigeria
Authors registered in the RePEc Author Service: Anthony Orji

Studia Universitatis „Vasile Goldis” Arad – Economics Series, 2021, vol. 31, issue 1, 1-21

Abstract: According to several recent studies, energy is seen as a commodity, due to the fact that energy sector markets are more like commodity markets. Essentially, it serves as an enabler of social and economic development and so cannot be neglected. This study, therefore, estimated the impact of cooking energy cost on energy demand in Nigeria using the ARDL model and quarterly data spanning from 1990-2018. The result from the study showed that in the long-run both liquefied petroleum gas (LPG) price and kerosene price has a negative impact on energy demand. In the short-run, the result remained the same for kerosene while it reversed for LPG. The study, therefore, recommended that government should enact policies that will moderate or minimize the cost of cooking energy and enhance the removal of all forms of barriers in making cooking energy affordable to users in the country.

Keywords: Energy; Cost; Demand (search for similar items in EconPapers)
JEL-codes: Q41 R22 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://doi.org/10.2478/sues-2021-0001 (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:vrs:suvges:v:31:y:2021:i:1:p:1-21:n:1

DOI: 10.2478/sues-2021-0001

Access Statistics for this article

Studia Universitatis „Vasile Goldis” Arad – Economics Series is currently edited by Florin Cornel Dumiter

More articles in Studia Universitatis „Vasile Goldis” Arad – Economics Series from Sciendo
Bibliographic data for series maintained by Peter Golla ().