Financial Development and Energy Consumption Nexus inNigeria: An Application of Autoregressive Distributed Lag BoundTesting Approach

Hamisu Sadi ALİ; Zulkornain Bin YUSOP; Law Siong HOOK

Makale detayları

Financial Development and Energy Consumption Nexus inNigeria: An Application of Autoregressive Distributed Lag BoundTesting Approach

Yazarlar:

Hamisu Sadi ALİ | Zulkornain Bin YUSOP | Law Siong HOOK

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2015 Vol.5 Issue 3, pp.816-821

Belge Tipi:

Makale

Yayın Tarihi:

8/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000816484

Sıklık:

İki Aylık

eISSN:

2146-4553

Özet:

 

Using autoregressive distributed lag bound test framework, the dynamics of financial development, economic growth, energy prices and energy
 consumption was investigated in Nigeria for the period of 1972Q1-2011Q4. The finding signifies that variables were cointegrated as null hypothesis
 was rejected at 1% level of significance. In the short-run financial development has significant negative impact on fossil fuel consumption, economic
 growth also shows the same relationship. However, energy prices have positive and significant influence on the consumption of fossil fuel. In the
 long-run however, financial development has insignificant negative impact on energy consumption, and economic growth has negative but significant
 impact on energy consumption, while energy prices has positive and significant impact on fossil fuel consumption. The policy recommendation
 remains that Nigerian authority should try to explore other alternative sources of energy in order to curb the adverse effect of fossil fuel consumption
 on the financial market and overall economic growth. Exploring the potentials of green energy is paramount in Nigeria which is more eco-friendly
 and contain less carbon emissions.

Makale detayları

Financial Development and Energy Consumption Nexus inNigeria: An Application of Autoregressive Distributed Lag BoundTesting Approach

Yazarlar: Hamisu Sadi ALİ | Zulkornain Bin YUSOP | Law Siong HOOK

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Energy Economics and Policy 2015 Vol.5 Issue 3, pp.816-821

Belge Tipi: Makale

Yayın Tarihi: 8/2015

Belge Dili: Türkçe

Document ID (Org No.): 2000816484

Sıklık: İki Aylık

eISSN: 2146-4553

Sayı

Yazarlar:

Hamisu Sadi ALİ | Zulkornain Bin YUSOP | Law Siong HOOK

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2015 Vol.5 Issue 3, pp.816-821

Belge Tipi:

Makale

Yayın Tarihi:

8/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000816484

Sıklık:

İki Aylık

eISSN:

2146-4553