BibTex RIS Kaynak Göster

Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model

Yıl 2015, Cilt: 5 Sayı: 2, 408 - 412, 01.06.2015

Augustine C. Osigwe Damilola Felix Arawomo

Öz

This study examined the Granger causality of energy consumption, oil price and economic growth in Nigeria. Two sub-categories of energy (kerosene and electricity) were equally considered. The error correction model framework was used to test the granger causality of the variables. The results for the total energy showed bidirectional causality between energy consumption and economic growth. As regards electricity, bidirectional causality was found between electricity consumption and economic growth as well as between electricity consumption and electricity price. No causal relationship exists among kerosene consumption, kerosene price and economic growth. Based on our findings, we recommend that policies that promote energy consumption and economic growth be introduced. One way of achieving this is through the adoption of appropriate energy pricing framework that takes cognisance of both the present and the future generation.

Anahtar Kelimeler

Energy consumption Economic Growth Kerosene Consumption Electricity Consumption

Yıl 2015, Cilt: 5 Sayı: 2, 408 - 412, 01.06.2015

Augustine C. Osigwe Damilola Felix Arawomo

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA96ZB62BC
Bölüm Araştırma Makalesi
Yazarlar

Augustine C. Osigwe Bu kişi benim

Damilola Felix Arawomo Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 5 Sayı: 2

Kaynak Göster

APA Osigwe, A. C., & Arawomo, D. F. (2015). Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model. International Journal of Energy Economics and Policy, 5(2), 408-412.
AMA Osigwe AC, Arawomo DF. Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model. IJEEP. Haziran 2015;5(2):408-412.
Chicago Osigwe, Augustine C., ve Damilola Felix Arawomo. “Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model”. International Journal of Energy Economics and Policy 5, sy. 2 (Haziran 2015): 408-12.
EndNote Osigwe AC, Arawomo DF (01 Haziran 2015) Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model. International Journal of Energy Economics and Policy 5 2 408–412.
IEEE A. C. Osigwe ve D. F. Arawomo, “Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model”, IJEEP, c. 5, sy. 2, ss. 408–412, 2015.
ISNAD Osigwe, Augustine C. - Arawomo, Damilola Felix. “Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model”. International Journal of Energy Economics and Policy 5/2 (Haziran 2015), 408-412.
JAMA Osigwe AC, Arawomo DF. Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model. IJEEP. 2015;5:408–412.
MLA Osigwe, Augustine C. ve Damilola Felix Arawomo. “Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model”. International Journal of Energy Economics and Policy, c. 5, sy. 2, 2015, ss. 408-12.
Vancouver Osigwe AC, Arawomo DF. Energy Consumption, Energy Prices and Economic Growth: Causal Relationships Based on Error Correction Model. IJEEP. 2015;5(2):408-12.