Addressing the energy consumption-economic growth nexus: The Nigerian case

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dc.contributor.authorOlarinde, Omolola S.
dc.contributor.authorAdeniran, Abraham
dc.date.accessioned2019-07-22T16:06:08Z
dc.date.available2019-07-22T16:06:08Z
dc.date.issued2018
dc.description.abstractEnergy is critical to the survival and expansion of any economy. In Nigeria, energy consumption has been skewed towards household use, and below thresholds for sector-driven growth. The article updates, in time and methodology, those studies highlighting the significance of energy use for economic growth, using the Bound test and the Auto Regression Distributed Lag (ARDL) to establish the long- and short-run relationships between disaggregated energy consumption and economic growth in Nigeria from 1990 to 2016. The variables considered are real GDP, energy consumption decomposed into electricity and petroleum consumption, labour and capital. The findings show that, in the short and long run, petroleum consumption and labour have a significant positive relationship with GDP. Furthermore, the causality results show that feedback causation between economic growth and energy consumption as well as labour exists, while one-way causation runs from labour to economic growth. The study recommends diversification of the power-generation portfolio in the country, as this will improve energy consumption. Also, full deregulating policies in the energy sector would encourage industrialization and move energy demand towards increasingly productive uses. Finally, a strong institutional framework is needed to ensure energy policies achieve their objectives and targetsen_US
dc.identifier.citationOlarinde, O., & Adeniran, A. (2018). Addressing the energy consumption-economic growth nexus: The Nigerian case. Journal of Sustainable Development Law and Policy (The), 9(2), 84-100.en_US
dc.identifier.urihttps://dx.doi.org/10.4314/jsdlp.v9i2.6
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/389
dc.language.isoenen_US
dc.publisherInstitute for Oil, Gas, Energy, Environment and Sustainable Development (OGEES Institute)en_US
dc.subjectEnergy Consumptionen_US
dc.subjectEconomic Growthen_US
dc.subjectIndustrializationen_US
dc.subjectError Correctionen_US
dc.titleAddressing the energy consumption-economic growth nexus: The Nigerian caseen_US
dc.typeArticleen_US
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