Electricity consumption and economic growth in Nigeria: A revisit of the energy-growth debate

By B. N. Iyke. 2015

196 citations recorded by the source corpus.

This paper examines the dynamic causal linkages between electricity consumption and economic growth in Nigeria within a trivariate VECM, for the period 1971–2011. The paper obviates the variable omission bias, and the use of cross-sectional techniques that characterise most existing studies. The results show that there is a distinct causal flow from electricity consumption to economic growth: both in the short run and in the long run. This finding supports the electricity-led growth hypothesis that has been conjectured in the literature. The paper urges policy-makers in Nigeria to implement policies which enhance the generation and consumption of electricity in order to engineer economic growth. Appropriate monetary policies must also be put in place, in order to moderate inflation, thus enhancing growth.

Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/c6a770deecb926d278225a066718711b87486046

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Citations in the corpus

Dynamics of Electricity Consumption, Oil Price and Economic Growth: Global Perspective (2017, background): “For example, some studies suggest a positive impact of electricity consumption on economic growth (Shiu and Lam, 2004; Yuan et al., 2007; Shahbaz and Lean, 2012; Iyke, 2015; Tang et al., 2016; Streimikiene and Kasperowicz, 2016).”
Does more energy consumption support economic growth in net energy-importing countries? (2017, background): “…growth indicates that some studies regard energy as a key input that is used in all phases of production and as a resource consumed as an output for increasing the welfare level (Stern, 2000; Shiu and Lam, 2004; Altinay and Karagol, 2005; Odhiambo, 2009; Apergis and Payne, 2010; Iyke, 2015).”