Disaggregate Energy Consumption and Sectoral Output in Nigeria

Nwosa Philip Ifeakachukwu

doi:doi:10.11648/j.sjee.20170506.12

| Peer-Reviewed

Disaggregate Energy Consumption and Sectoral Output in Nigeria

Nwosa Philip Ifeakachukwu

Published in Science Journal of Energy Engineering (Volume 5, Issue 6)

Received: 25 October 2016 Accepted: 23 March 2017 Published: 28 November 2017

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

This study examined the nexus between components of aggregate energy consumption and sectoral output in Nigeria for the period spanning 1980 to 2014. Sequel to the unit root and co-integration estimates, the study utilized the Vector Auto-regressive (VAR) and Vector Error Correction (VEC) techniques. Thus, the study observed that the direction of causation between components of energy consumption and output of individual sectors differed. The study recommended that energy policies should be sector specific, taking into cognizance the components of energy consumption influencing the output of individual sectors.

Published in	Science Journal of Energy Engineering (Volume 5, Issue 6)
DOI	10.11648/j.sjee.20170506.12
Page(s)	136-145
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Disaggregate Energy Consumption, Sectoral Output, VAR, VEC, Nigeria

References

[1]	Binh, P. T. (2011) ‘Energy Consumption and Economic Growth in Vietnam: Threshold Co-integration and Causality Analysis’, International Journal of Energy Economics and Policy, Vol. 1, No. 1, pp. 1-17.
[2]	Kaplan M., Ozturk, I. and Kalyoncu, H. (2011) ‘Energy Consumption and Economic Growth in Turkey: Co-integration and Causality Analysis’, Romanian Journal of Economic Forecasting, Vol. 14, No. 2, pp. 31-41.
[3]	Noor, S. and Siddiqui, M. W. (2010) ‘Energy Consumption and Economic Growth in South Asian Countries: A Co-integrated Panel Analysis’, International Journal of Human and Social Sciences, Vol. 5, No. 14, pp. 921-926.
[4]	Stern, D. I. (2000) ‘A Multivariate Co-integration Analysis of the Role of Energy in the US Economy’, Energy Economics, Vol. 22, No. 2, pp. 267-283.
[5]	Adeniran, O. (2009) ‘Does Energy Consumption Cause Economic Growth? An Empirical Evidence from Nigeria’, CEPMLP (Centre for Energy, Petroleum and Mineral Law and Policy) Annual Review (CAR), 2009.
[6]	Omisakin, O. A. (2008) ‘Energy Consumption and Economic Growth in Nigeria: A Bounds Testing Co-integration Approach’, Journal of Economic Theory, Vol. 2, No. 4, pp. 18-23.
[7]	Chen S. T., Kuo, H. I. and Chen, C. (2007) ‘The Relationship between GDP and Electricity Consumption in 10 Asian Countries’, Energy Policy, Vol. 35, No. 4, pp. 2611-2621.
[8]	Abosedra, S. and Baghestani, H. (1989) ‘New Evidence on the Causal Relationship between United States Energy Consumption and Gross National Product’, Journal of Energy and Development, Vol. 14, No. 2, pp. 285–292.
[9]	Erol, U. and Yu, E. S. H. (1987) ‘On the Causal Relationship between Energy and Income for Industrializing Countries’, Journal of Energy and Development, Vol. 13, No. 1, pp. 113-122.
[10]	Kraft, J. and Kraft, A., (1978) On the Relationship between Energy and GNP, Journal of Energy and Development, Vol. 3, No. 2, pp. 401-403.
[11]	Akinlo, A. E. (2009) ‘Electricity Consumption and Economic Growth in Nigeria: Evidence from Co-integration and Co-feature Analysis’, Journal of Policy Modelling, Vol. 31, No. 5, pp. 681-693.
[12]	Khan, M. A. and Ahmed, U. (2009) ‘Energy Demand in Pakistan: A Disaggregate Analysis’, MPRA Paper, No. 15369, University Library of Munich, Germany.
[13]	Narayan, P. K. and Singh, B. (2007) ‘The Electricity Consumption and GDP Nexus for the Fiji Islands’, Energy Economics, Vol. 29, No. 6, pp. 1141-1150.
[14]	Altinay, G. and Karagol, E. (2005) ‘Electricity Consumption and Economic Growth: Evidence from Turkey’, Energy Economics, Vol. 27, No. 6, pp. 849–856.
[15]	Wolde-Rufael, Y. (2004) ‘Disaggregate Energy Consumption and GDP, the Experience of Shangai 1952-1999’, Energy Economics, Vol. 26, No. 1, pp. 69-75.
[16]	Shiu, A. and Lam, P. L. (2004) ‘Electricity Consumption and Economic Growth in China’, Energy Policy, Vol. 32, No. 1, pp. 47-54.
[17]	Yoo, S. H. (2005) ‘Electricity Consumption and Economic Growth: Evidence from Korea’, Energy Policy, Vol. 33, No. 12, pp. 1627-1632.
[18]	Yoo, S. H. (2006) ‘The Causal Relationship between Electricity Consumption and Economic Growth in the ASEAN Countries’, Energy Policy, Vol. 34, No. 18, pp. 3573-3582.
[19]	Nwosa, P. I. and Akinbobola, T. O. (2012) ‘Aggregate Energy Consumption and Sectoral Output in Nigeria’, African Research Review (ARR), Vol. 6, No. 4, pp. 206-215.
[20]	Liew, V. K., Nathan, T. M. and Wong, W. (2012) ‘Are Sectoral Outputs in Pakistan Led by energy Consumption?’ Economic Bulletin, Vol. 32, No. 3, pp. 2326-2331.
[21]	Chebbi, H. E. and Boujelbene, Y. (2008) ‘Agriculture and Non-Agriculture Outputs and Energy Consumption in Tunisia: Empirical Evidences from Co-integration and Causality’, 12th Congress of the European Association of Agriculture Economists – EAAE 2008.
[22]	Ogunleye, E. O. and Ayeni, R. K. (2012) ‘Energy Demand in Nigeria: A Disaggregate Analysis’, International Research Journal of Finance and Economics, Issue 86 (March), pp. 52-62.
[23]	Odularu, G. O. and Okonkwo, C. (2009) ‘Does Energy Consumption Contribute to Economic Performance? Empirical Evidence from Nigeria’, East-West Journal of Economics and Business, Vol. XII, No. 2, pp. 43-79.
[24]	Qazi, A. Q., Ahmed K. and Mudassar, M. (2012) ‘Disaggregate Energy Consumption and Industrial Output in Pakistan: An Empirical Analysis’, Economics Discussion Paper, No. 29. http://www.economics-ejournal.org/economics/discussionpapers/2012-29 (Accessed April 10, 2015).
[25]	Aliero, H. M. and Ibrahim, S. S. (2012) ‘The Relationship between Energy Consumption and Economic Growth in Nigeria: A Causality Analysis’, International Journal of Marketing and Technology, Vol. 2, Issue 3, pp. 1-13.
[26]	Erbaykal, E. (2008) ‘Disaggregate Energy Consumption and Economic Growth: Evidence from Turkey’, International Research Journal of Finance and Economics, Issue. 20 (October), pp. 172-179.
[27]	Reddy, M. (2008) ‘Energy Consumption and Economic Activity in Fiji’, The Journal of Pacific Studies, Vol. 22, No. 1&2, pp. 81–96.
[28]	Syed, A. R., Syed, T. J. & Mohammed, H. S. (2016) Electricity Consumption and Economic Growth in South Asia, South Asia Economic Journal, Vol. 17, Issue 2, pp. 200-215.
[29]	Eisa, M. & Khashayar, S. (2016) Aggregate and Disaggregate Energy Consumption Relation with GDP: Evidence for Iran, Iranian Economic Review, Vol. 20, No. 2, pp. 163-174.
[30]	Abid, M. & Mraihi, R. (2015) Disaggregate Energy Consumption Versus Economic Growth in Tunisia: Cointegration and Structural Break Analysis, Journal of the Knowledge Economy, Vol. 6, Issue 4, pp. 1104-1122. doi: 10.1007/s13132-014-0189-4.
[31]	Behera, J. (2015) Energy Consumption and Economic Growth in India: A reconciliation of Disaggregate Analysis, Journal of Energy Technologies and Policy, Vol. 5, No. 6, pp. 15-27.
[32]	Nwachukwu, T. E. and Odigie, P. (2009) ‘What Drives Private Saving in Nigeria;, A Paper Presented at the Centre for the Study of African Economies (CSAE) Conference, University of Oxford, March 2009. Available at http://www.csae.ox.ac.uk/conferences/2009-EDiA/papers/502-Nwachukwu.pdf [Accessed May 15, 2013].
[33]	Engle, R. F. and Granger, C. W. J. (1987) ‘Co-integration and Error Correction: Representation, Estimation and Testing’, Econometrica, Vol. 55, No. 2, pp. 251-276.
[34]	Nwosa, P. I. (2012) ‘Domestic Fuel Price and the Nigerian Macroeconomy’, African Journal of Economic and Sustainable Development (AJESD), Vol. 1, No. 4, pp. 353-365.

Cite This Article

Plain Text BibTeX RIS

APA Style

Nwosa Philip Ifeakachukwu. (2017). Disaggregate Energy Consumption and Sectoral Output in Nigeria. Science Journal of Energy Engineering, 5(6), 136-145. https://doi.org/10.11648/j.sjee.20170506.12

Copy | Download

ACS Style

Nwosa Philip Ifeakachukwu. Disaggregate Energy Consumption and Sectoral Output in Nigeria. Sci. J. Energy Eng. 2017, 5(6), 136-145. doi: 10.11648/j.sjee.20170506.12

Copy | Download

AMA Style

Nwosa Philip Ifeakachukwu. Disaggregate Energy Consumption and Sectoral Output in Nigeria. Sci J Energy Eng. 2017;5(6):136-145. doi: 10.11648/j.sjee.20170506.12

Copy | Download

@article{10.11648/j.sjee.20170506.12,
  author = {Nwosa Philip Ifeakachukwu},
  title = {Disaggregate Energy Consumption and Sectoral Output in Nigeria},
  journal = {Science Journal of Energy Engineering},
  volume = {5},
  number = {6},
  pages = {136-145},
  doi = {10.11648/j.sjee.20170506.12},
  url = {https://doi.org/10.11648/j.sjee.20170506.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjee.20170506.12},
  abstract = {This study examined the nexus between components of aggregate energy consumption and sectoral output in Nigeria for the period spanning 1980 to 2014. Sequel to the unit root and co-integration estimates, the study utilized the Vector Auto-regressive (VAR) and Vector Error Correction (VEC) techniques. Thus, the study observed that the direction of causation between components of energy consumption and output of individual sectors differed. The study recommended that energy policies should be sector specific, taking into cognizance the components of energy consumption influencing the output of individual sectors.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Disaggregate Energy Consumption and Sectoral Output in Nigeria
AU  - Nwosa Philip Ifeakachukwu
Y1  - 2017/11/28
PY  - 2017
N1  - https://doi.org/10.11648/j.sjee.20170506.12
DO  - 10.11648/j.sjee.20170506.12
T2  - Science Journal of Energy Engineering
JF  - Science Journal of Energy Engineering
JO  - Science Journal of Energy Engineering
SP  - 136
EP  - 145
PB  - Science Publishing Group
SN  - 2376-8126
UR  - https://doi.org/10.11648/j.sjee.20170506.12
AB  - This study examined the nexus between components of aggregate energy consumption and sectoral output in Nigeria for the period spanning 1980 to 2014. Sequel to the unit root and co-integration estimates, the study utilized the Vector Auto-regressive (VAR) and Vector Error Correction (VEC) techniques. Thus, the study observed that the direction of causation between components of energy consumption and output of individual sectors differed. The study recommended that energy policies should be sector specific, taking into cognizance the components of energy consumption influencing the output of individual sectors.
VL  - 5
IS  - 6
ER  -

Copy | Download

Author Information

Nwosa Philip Ifeakachukwu

Department of Economics and Development Studies, Faculty of Social Sciences, Federal University Oye-Ekiti, Oye-Ekiti, Nigeria

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Nwosa Philip Ifeakachukwu. (2017). Disaggregate Energy Consumption and Sectoral Output in Nigeria. Science Journal of Energy Engineering, 5(6), 136-145. https://doi.org/10.11648/j.sjee.20170506.12

Copy | Download

ACS Style

Nwosa Philip Ifeakachukwu. Disaggregate Energy Consumption and Sectoral Output in Nigeria. Sci. J. Energy Eng. 2017, 5(6), 136-145. doi: 10.11648/j.sjee.20170506.12

Copy | Download

AMA Style

Nwosa Philip Ifeakachukwu. Disaggregate Energy Consumption and Sectoral Output in Nigeria. Sci J Energy Eng. 2017;5(6):136-145. doi: 10.11648/j.sjee.20170506.12

Copy | Download

@article{10.11648/j.sjee.20170506.12,
  author = {Nwosa Philip Ifeakachukwu},
  title = {Disaggregate Energy Consumption and Sectoral Output in Nigeria},
  journal = {Science Journal of Energy Engineering},
  volume = {5},
  number = {6},
  pages = {136-145},
  doi = {10.11648/j.sjee.20170506.12},
  url = {https://doi.org/10.11648/j.sjee.20170506.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjee.20170506.12},
  abstract = {This study examined the nexus between components of aggregate energy consumption and sectoral output in Nigeria for the period spanning 1980 to 2014. Sequel to the unit root and co-integration estimates, the study utilized the Vector Auto-regressive (VAR) and Vector Error Correction (VEC) techniques. Thus, the study observed that the direction of causation between components of energy consumption and output of individual sectors differed. The study recommended that energy policies should be sector specific, taking into cognizance the components of energy consumption influencing the output of individual sectors.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Disaggregate Energy Consumption and Sectoral Output in Nigeria
AU  - Nwosa Philip Ifeakachukwu
Y1  - 2017/11/28
PY  - 2017
N1  - https://doi.org/10.11648/j.sjee.20170506.12
DO  - 10.11648/j.sjee.20170506.12
T2  - Science Journal of Energy Engineering
JF  - Science Journal of Energy Engineering
JO  - Science Journal of Energy Engineering
SP  - 136
EP  - 145
PB  - Science Publishing Group
SN  - 2376-8126
UR  - https://doi.org/10.11648/j.sjee.20170506.12
AB  - This study examined the nexus between components of aggregate energy consumption and sectoral output in Nigeria for the period spanning 1980 to 2014. Sequel to the unit root and co-integration estimates, the study utilized the Vector Auto-regressive (VAR) and Vector Error Correction (VEC) techniques. Thus, the study observed that the direction of causation between components of energy consumption and output of individual sectors differed. The study recommended that energy policies should be sector specific, taking into cognizance the components of energy consumption influencing the output of individual sectors.
VL  - 5
IS  - 6
ER  -

Copy | Download