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Modelling Aggregate Energy Consumption for Growth in Nigeria

Author

Listed:
  • Ahmed Oluwatobi Adekunle

    (Department of Accounting Science, Walter Sisulu University, South Africa.)

  • Biliqees Ayoola Abdulmumin

    (Department of Finance, University of Ilorin, Nigeria)

  • Joseph Olorunfemi Akande

    (Department of Accounting Science, Walter Sisulu University, South Africa)

  • Kehinde Gabriel Ajose

    (Department of Accounting Science, McPherson University, Nigeria,)

Abstract

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.

Suggested Citation

  • Ahmed Oluwatobi Adekunle & Biliqees Ayoola Abdulmumin & Joseph Olorunfemi Akande & Kehinde Gabriel Ajose, 2022. "Modelling Aggregate Energy Consumption for Growth in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 389-395, November.
    • Handle: RePEc:eco:journ2:2022-06-48
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    More about this item

    Keywords

    Aggregate Energy; Growth; ARDL;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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