THE RELATIONSHIP BETWEEN ELECTRICITY CONSUMPTION, TRADE, AND ECONOMIC GROWTH IN NIGERIA
Kolawole Omolara
Student, Ekiti State University, Ado-Ekiti, Nigeria
Abstract
The study examines the relationship between electricity consumption, trade, and economic growth in Nigeria. The results show that increased electricity consumption positively impacts economic growth in both the short and long run. Foreign direct investment (FDI) also has a positive and significant effect, indicating that higher FDI leads to long-term economic growth. Trade openness was found to contribute to environmental growth. The study recommends that policymakers strengthen the manufacturing sector to better harness the benefits of trade openness and reduce its negative impacts
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International Journal of Southern Economic Light (JSEL)
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Published on : 2024-10-02
Vol | : | 12 |
Issue | : | 5 |
Month | : | September |
Year | : | 2024 |