Energy Consumption and Economic Growth in Nigeria: A Causality Analysis

Type Journal Article - International Journal of Sustainable Energy and Environmental Research
Title Energy Consumption and Economic Growth in Nigeria: A Causality Analysis
Author(s)
Volume 3
Issue 1
Publication (Day/Month/Year) 2014
Page numbers 53-61
Abstract
This paper attempts to investigate the relationship between total energy consumption and economic
growth in Nigeria using Granger Causality. The two variables of the study – energy consumption
and real GDP were found to exhibit unit root property, i.e. non-stationary. The study finds no clear
relationship between energy consumption and economic growth. Real GDP was found not to cause
energy consumption while energy consumption was also found not to cause real GDP. As
astounding as this result may be, it portends potential policy implications for the economy
including the need to implement policies that link energy consumption with growth generating
activities.

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