Modelling Aggregate Energy Consumption for Growth in Nigeria

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 addi...

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Bibliographic Details
Published inInternational journal of energy economics and policy Vol. 12; no. 6; pp. 389 - 395
Main Authors Adekunle, Ahmed Oluwatobi, Abdulmumin, Biliqees Ayoola, Akande, Joseph Olorunfemi, Ajose, Kehinde Gabriel
Format Journal Article
LanguageEnglish
Published Mersin EconJournals 01.01.2022
Subjects
Aggregate Energy, Growth, ARDL
Economic growth
Energy consumption
Energy economics
Energy prices
GDP
Gross Domestic Product
Macroeconomics
Productivity
Time series
Variables
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Summary: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.
ISSN:2146-4553
2146-4553
DOI:10.32479/ijeep.13829