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Pollutant Emissions, Energy Consumption and Economic Growth in Nigeria

Alege, P. O. and Adediran, Oluwasogo and Ogundipe, Adeyemi A. (2016) Pollutant Emissions, Energy Consumption and Economic Growth in Nigeria. International Journal of Energy Economics and Policy, 6 (2). pp. 202-207. ISSN 2146-4553

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Abstract

The study investigates the direction of causal relationships among emissions, energy consumption and economic growth in Nigeria using annual time series data for the period 1970-2013. The Johansen maximum likelihood cointegration tests indicate an existence of a unique cointegrating vector, and the normalized long run estimates shows that fossil fuel enhances carbon emissions whereas, clean energy source (electricity) mitigate the atmospheric concentration of carbon dioxide (CO2) emissions. Similarly, the Wald exogeneity Granger causality test indicates an existence of unidirectional causation running from fossil fuel to CO2 emissions and gross domestic product (GDP) per capita. Alternatively, non-fossil energy (electric power) causes more proportionate change in GDP per capita but our result could not establish any causal link between electric power and carbon emissions. Finally, charting a channel towards ensuring sustainable environment and economic development involves a progressive substitutability of clean energy sources for fossil consumption.

Item Type: Article
Uncontrolled Keywords: Carbon Dioxide Emissions, Energy Consumption, Johansen Cointegration, Granger Causality JEL Classifications: C22, O13, Q53
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Humanities
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 19 Jun 2017 12:36
Last Modified: 19 Jun 2017 12:36
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8366

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