This study analyses the effect of natural gas consumption on economic performance in selected sub-Saharan African countries between 1998 and 2017.The lag augmented vector autoregressive approach of Toda and Yamamoto to heterogeneous mixed panels illustrated in Emirmahmutoglu and Kose and the dynamic heterogeneous techniques are employed in data analysis. The study finds a significant long-run relationship between the real gross domestic product and natural gas consumption. The study also reveals that natural gas consumption has a significant positive influence on economic performance in the short run. Furthermore, the results support the conservative hypothesis for the selected sub-Saharan African countries. Therefore, it is reasonable for the selected sub-Saharan African countries to formulate and promote costeffective and eco-friendly energy and environmental policies that will enhance the use of natural gas without reducing economic performance in the long run.
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The study analyses the impacts of climate change on macro prices (foodprices, interest rate, and exchange rate). Secondary data from 1960–2019are used, and the nonlinear autoregressive distributed lag method is employedaccordingly. The results reveal that there is a long-run relationshipamong the variables employed. In addition, asymmetry only existsbetween food prices and exchange rate in the short run while it only subsistsfor all macro prices, except interest rate as a dependent variable, inthe long run. Also, the relative effects of climate change on macro pricesgrade food prices with the highest effect. In fact, the continual need for climatepolicies in both financial and real sectors to douse the effect of climatechange on macro prices cannot be overemphasised. Therefore, this studyrecommends that the Nigerian government and policymakers should ratifyand pursue policy initiatives and strategies based on both negative andpositive changes in macro prices.
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