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Energy Consumption, Institutional Quality and the Performance of the Manufacturing Sector in Nigeria (1999-2013)

Author

Listed:
  • Greg Ekpung Edame

    (Department of Economics, Faculty of Social Sciences, University of Calabar, Calabar, Nigeria,)

  • Okoiarikpo Benjamin Okoi

    (Department of Economics, University of Calabar, Calabar, Nigeria.)

Abstract

This study assessed the effect of energy consumption and institutional quality, on the performance of the manufacturing sector in Nigeria between 1999 and 2013 through the use of the ordinary least square technique. The study used three measures of institutional quality: Economic freedom index, corruption perception index and contract intensive money. On the other hand, the industrial sector consumption of electricity (CSL), the total consumption of gas (GCS) and the total consumption of petroleum (PCN) were used as proxies for the consumption of energy. The results of the study show that industrial sector consumption of electricity, petroleum and gas do not have a significant impact on manufacturing sector performance. The results also indicated that the level of corruption perception has a significant effect on the performance of the manufacturing sector. Based on this, the study makes several recommendations including: the improvement in the country s capacity to refine petroleum products; the maintenance of the current policy stand in the electricity industry by the new government; the removal of executive interference in the operations of the country s institutions.

Suggested Citation

  • Greg Ekpung Edame & Okoiarikpo Benjamin Okoi, 2015. "Energy Consumption, Institutional Quality and the Performance of the Manufacturing Sector in Nigeria (1999-2013)," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 801-804.
    • Handle: RePEc:eco:journ2:2015-03-21
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    References listed on IDEAS

    as
    1. Elisa Valeriani & Sara Peluso, 2011. "The Impact Of Institutional Quality On Economic Growth And Development: An Empirical Study," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(6), pages 1-25, October.
    2. Godwin Effiong Akpan & Usenobong Friday Akpan, 2012. "Electricity Consumption, Carbon Emissions and Economic Growth in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 2(4), pages 292-306.
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    Cited by:

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    2. Alexander Bass, 2019. "Do Institutional Quality and Oil Prices Matter for Economic Growth in Russia: An Empirical Study," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 76-83.
    3. Danish I. Godil & Zhang Yu & Arshian Sharif & Rimsha Usman & Syed Abdul Rehman Khan, 2021. "Investigate the role of technology innovation and renewable energy in reducing transport sector CO2 emission in China: A path toward sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(4), pages 694-707, July.

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    More about this item

    Keywords

    Energy Consumption; nstitutional Quality; Ordinary Least Squares;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • N60 - Economic History - - Manufacturing and Construction - - - General, International, or Comparative
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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