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Umar Muhammad Dabachi, Suraya Mahmood
PhD Student, UniSZA
Abstract
This study aims to investigate the causality relationships between energy use, energy intensity, energy price and economic growth. Regarding the data analysis, the study covered the period from 1980 until 2020. All relevant preliminary tests were conducted in order to validate the data before the main analysis. We deployed ARDL bound test of cointegration approach for long-run relationship, as well as the granger causality test proposed by Toda and Yamamota (1995). The empirical results showed the presence of long-run relationship among the variables. We also found that energy use and economic growth has a bidirectional relationship. Similarly, we observed a presence of another feedback causal effect between energy intensity and economic growth. Likewise, a bi-directional causal relationship exists between energy price and economic growth in the Nigerian economy. The study makes available policy recommendations in the last part of the paper.
Keywords: energy intensity, energy price, economic growth, Toda and Yamamota
Journal Name :
EPRA International Journal of Climate and Resource Economic Review (CRER)

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Published on : 2021-08-16

Vol : 9
Issue : 5
Month : August
Year : 2021
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