Does Domestic Energy Consumption Contribute to Exports? Empirical Evidence from Nigeria
AbstractThis paper examined the existence of interaction between domestic energy consumption and exports in Nigeria by using annual data from 1970 to 2009. We applied cointegration, Granger causality and impulse response functions to capture the relationship. The empirical results indicate that there is significant relationship between domestic energy consumption and exports in the long run. Granger causality tests showed that there is unidirectional causality running from energy consumption to exports. Impulse response functions indicate that shocks to the energy consumption have a positive impact on exports in the longrun. Likewise, expansions on exports were positively related to energy consumption. Therefore, significant improvement in energy production and utilization is expected to stimulate exports and engender economic growth in Nigeria.
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Bibliographic InfoArticle provided by Econjournals in its journal International Journal of Energy Economics and Policy.
Volume (Year): 3 (2013)
Issue (Month): 3 ()
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Web page: http://www.econjournals.com
Energy; domestic energy consumption; exports; cointegration; causality; Nigeria;
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
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- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Lili Li, 2014. "Empirical Research on the Relationship between China Export and New Energy Consumption," International Journal of Energy Economics and Policy, Econjournals, vol. 4(2), pages 229-237.
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