Oil Consumption and Economic Growth: Evidence from Nigeria
This study has examined the causality relationship between oil consumption and economic growth in Nigeria during the period of 1980-2011 . The Johansenâ€™s maximum likelihood cointegration technique and Granger causality tests are applied. Based on the cointegration test results, it was found that oil consumption has no long equilibrium relationship with economic growth. The Granger causality test revealed the unidirectional causality running from oil consumption to economic growth. Therefore, the results of this study showed clearly that oil consumption plays an important role in the economic growth of Nigeria as any efforts to conserve oil will have a negative repercussion on economic growth.
Volume (Year): 2 (2014)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: http://www.tesdo.org/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ijr:beejor:v:2:y:2014:i:4:p:106-112. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr. Muhammad Shahbaz (PhD Applied Economics))
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.