The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Economic Growth, Energy Consumption, and Carbon Emissions: The Case of Nigeria
|
|
Author(s): David Oluseun Olayungbo (Obafemi Awolowo University, Nigeria), Ayodele Adekunle Faiyetole (Federal University of Technology, Akure, Nigeria)and Adenike Anike Olayungbo (Obafemi Awolowo University, Nigeria)
Copyright: 2022
Pages: 18
Source title:
Handbook of Research on Energy and Environmental Finance 4.0
Source Author(s)/Editor(s): Abdul Rafay (University of Management and Technology, Pakistan)
DOI: 10.4018/978-1-7998-8210-7.ch010
Purchase
|
Abstract
This chapter examines the interactions among energy consumption, economic growth, and carbon emissions in Nigeria for the period 1971-2018. The study adopts time-varying parameter vector auto regression (TVP-VAR) to explore the dynamic effects among the variables of interest. After analyzing the statistical properties of the data with Markov chain Monte Carlo (MCMC), a causal relationship between energy consumption and economic growth was found. It is also found that the environmental Kuznets curve (EKC) hypothesis is valid for Nigeria. It implies that as the economy of Nigeria grew, emissions were reduced. It is recommended that the Nigerian government should continue pursuing emissions reduction policies, such as the nationally determined contributions (NDCs), and should also ensure the appropriate energy mix to enhance industrialization drive and improve environmental quality.
Related Content
|
Hendra Wijaya, Zaekhan Zaekhan, Lukman Junaidi, Ning Ima Arie Wardayanie, Yuliasri Ramadhani Meutia, Nona Widharosa, Tita Rosita.
© 2023.
20 pages.
|
|
Sufiati Bintanah, Yuliana Noor Setiawati Ulvie, Hapsari Sulistya Kusuma, Firdananda Fikri Jauharany, Hersanti Sulistyaningrum.
© 2023.
20 pages.
|
|
Diana Nur Afifah, Syafira Noor Pratiwi, Ahmad Ni'matullah Al-Baarri, Denny Nugroho Sugianto.
© 2023.
21 pages.
|
|
Maria Belgis, Nur Fathonah Sadek, Ardiyan Dwi Masahid, Dian Purbasari, Dyah Ayu Savitri.
© 2023.
18 pages.
|
|
Sri Mulyani, Yoyok Budi Pramono, Isti Handayani.
© 2023.
22 pages.
|
|
Dessy Ariyanti, Aprilina Purbasari, Dina Lesdantina, Filicia Wicaksana, Wei Gao.
© 2023.
15 pages.
|
|
Uyi Sulaeman, Ahmad Zuhairi Abdullah, Shu Yin.
© 2023.
19 pages.
|
|
|