Carbon Emission, Energy Consumption, Trade Openness, and Sectoral Output in Nigeria

Mutiu Gbade Rasaki ()
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Mutiu Gbade Rasaki: Augustine University, Ilara Epe, Lagos State, Nigeria

Economic Research Guardian, 2023, vol. 13, issue 2, 100-110

Abstract: Using ARDL estimation technique, this study investigated the cointegrating relationship among carbon emission, energy consumption, trade openness and sectoral output in Nigeria over the period 1990-2021. The ARDL bound test showed the existence of long run relationship among carbon emission, energy consumption, trade openness and sectoral output. The findings indicated that energy consumption and trade openness have significant positive effects on carbon emission in the short and long run. The estimates revealed that output expansion in the agricultural, industrial and service sectors have significant positive impacts on carbon emission in the short and long run. The result, however, indicated that the service sector has the greatest positive effect on carbon emission. Further estimates showed that foreign direct investment and financial development have negative impacts on carbon emission. The study recommends that energy-efficient technologies that reduce carbon emissions should be adopted while expanding output in all the sectors.

Keywords: Carbon emission; Energy consumption; Sectoral output; Trade openness; Nigeria (search for similar items in EconPapers)
JEL-codes: Q13 Q43 Q56 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:13:y:2023:i:2:p:100-110

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