
ELECTRIFYING GROWTH: ANALYZING THE NEXUS BETWEEN ELECTRICITY CONSUMPTION AND ECONOMIC DEVELOPMENT IN NIGERIA
John Danladi , Department of Economics, University of Ibadan, Ibadan NigeriaAbstract
This study investigates the intricate relationship between electricity consumption and economic development in Nigeria. Drawing on multivariate analysis, we explore how electricity consumption patterns influence economic growth dynamics within the Nigerian context. By employing advanced econometric techniques, we aim to unravel the complexities underlying this nexus and shed light on potential policy implications. Our findings contribute to a deeper understanding of the role of electricity infrastructure in fostering sustainable economic development strategies for Nigeria and other developing nations facing similar challenges.
Keywords
Electricity consumption, Economic development, Multivariate analysis
References
Mulugeta, S.K, Nondo, C., Schaeffer, P.V., and Gebremedhin, T.G. (2010). “Does level of income matter in the energy Consumption and GDP Nexus: Evidence from Sub-saharan African Countries.”Research Paper#7, Research Institute, West Virginia University.
CIA, (2011), Central Intelligence Agency World Fact Book. Retrieve from www.cia.gov/library/publications/the-world-factbook/geos/bc.html on May 25, 2011
EIA, (2011), US Energy Information Administration Dataset. Retrieve from http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=2&aid=2&cid=BC,&syid=1980&eyid=2009&unit=BKWH on May 25, 2011
CBN (2007) Central Bank of Nigeria Statistical Bulletin Vol 18 December 2007.
Galor, O., and D. N. Weil. 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond." American Economic Review, 90(4): 806-828.
Hansen G. D. & E. C. Prescott, 2002. Malthus to Solow, American Economic Review, American Economic Association, vol. 92(4), pages 1205-1217
Odhiambo, N.M. (2009), Energy Consumption and Economic Growth Nexus in Tanzania: An ARDL Bounds Testing Approach. Energy Policy, Vol.37, pp.617-622.
Mehrara, M. (2007). “Energy Consumption and Economic Growth: The Case of Oil Exporting Countries.” Energy Policy, Vol.35, pp. 2939-2945.
Shuyun, Y. and Donghua, Y. (2011), The Causality between Energy Consumption and Economic Growth in China: Using Panel method in a multivariate framework. Energy Procedia, Vol.5, pp.808-812.
Ghali, K.H., El-Sakka, M.I.T., 2004. Energy use and output growth in Canada: a multivariate co integration analysis. Energy Economics 26, 225–238.
MacKinnon, J. G. (1996), “Numerical distribution functions for unit root and co integration tests,” Journal of Applied Econometrics, 11, 601–618.
MacKinnon, J. G., A. A. Haug, and L. Michelis (1999), “Numerical distribution functions of likelihood ratio tests for co integration,” Journal of Applied Econometrics, 14, 563–577.
Article Statistics
Downloads
Copyright License
Copyright (c) 2024 John Danladi

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Copyright and Ethics:
- Authors are responsible for obtaining permission to use any copyrighted materials included in their manuscript.
- Authors are also responsible for ensuring that their research was conducted in an ethical manner and in compliance with institutional and national guidelines for the care and use of animals or human subjects.
- By submitting a manuscript to International Journal of Economics Finance & Management Science (IJEFMS), authors agree to transfer copyright to the journal if the manuscript is accepted for publication.