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Climate Change and Population Growth Rate: any Implications for Economic Growth in Nigeria?

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  • Kareem Rasaki Olufemi

    (1 Department of Economics and Actuarial Sciences, CASMAS, Crescent University, Abeokuta (CUAB), Ogun State, Nigeria)

  • Isiaq Temitope Shukrat

    (2 Department of Agricultural Extension and Management, Federal College of Agriculture, P.M.B 5029, Moor Plantation, Ibadan, Nigeria)

  • Fabunmi Boluwatife Esther
  • Taiwo Abdulqodir Babatunde

Abstract

The study was on Nigeria’s CC, PGR, and economic growth (1986-2021). Secondary data collected from the Central Bank of Nigeria Statistical Bulletin, World Bank, WDI, and Nigerian Meteorological Agency (NIMET) were analyzed using unit root test, Auto-regressive distributed lag model (ARDL) for climate change since variables were of I(1) & I(0) as there was no co-integration. In contrast, the Error Correction Model (ECM) was used for population growth rate as variables were of I(1) and I(0), and there was co-integration. The GC test was adopted to determine the causal relationship among variables. The results showed that the coefficient values of lag one and two of LNRGDP had a significant relation with economic growth at both 10% and 1%, respectively, while lag three period of CAE was significant at a 5% level of probability. The study showed that birth growth rate and net migration positively and negatively impacted economic growth. It also showed unidirectional causality between crude death rate and economic growth and life expectancy at birth with economic growth. The study, therefore, recommends that the government invest in critical policies (real sectors of the economy) for economic growth and research the area of clean energy and eco-friendly approaches and population management with awareness campaigns that can ensure sustainable economic development.

Suggested Citation

  • Kareem Rasaki Olufemi & Isiaq Temitope Shukrat & Fabunmi Boluwatife Esther & Taiwo Abdulqodir Babatunde, 2023. "Climate Change and Population Growth Rate: any Implications for Economic Growth in Nigeria?," Valahian Journal of Economic Studies, Sciendo, vol. 14(2), pages 111-129, December.
    • Handle: RePEc:vrs:vaecst:v:14:y:2023:i:2:p:111-129:n:9
    DOI: 10.2478/vjes-2023-0020
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    References listed on IDEAS

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    1. James H. Stock, 2020. "Climate Change, Climate Policy, and Economic Growth," NBER Macroeconomics Annual, University of Chicago Press, vol. 34(1), pages 399-419.
    2. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
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    More about this item

    Keywords

    Climate Change; Population Growth Rate; ARDL; ECM; Economic growth;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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