Petroleum Consumption and Economic Growth Nexus in Nigeria: Evidence from Nonlinear ARDL and Causality Approaches

Enisan, Akinlo Anthony

doi:10.1007/s40953-021-00254-y

Cited by 3 publications

(2 citation statements)

References 48 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Similarly, Namahoro et al (2022) showed that causality runs from the positive shocks of renewable energy consumption to EG in Rwanda. Other studies such as Chu and Chang (2012), Jin et al (2016) and Akinlo (2021) documented the reverse causality running from EG to OC. In addition, Kim and Park (2022) established a causal flow from EG to energy consumption in South Korea.…”

Section: Literature Reviewmentioning

confidence: 92%

Oil and growth nexus: fresh evidence from top-ten oil producing countries

Inuwa,

Adamu,

Maina

et al. 2023

IJEGN

View full text Add to dashboard Cite

Oil as one of the most frequently used categories of energy resources has also been viewed as a critical factor of production coequal to labour and capital. Thus, oil consumption is linked to many economic activities and any energy policies might likely affect this relationship. This study examines the nexus between oil consumption and economic growth by controlling for labour and capital within the framework of a modified aggregate production function in the top-ten oil producing countries in the world during the period 1990-2015. The study applied a recently developed cross-sectional augmented autoregressive distributed lag (CS-ARDL) model and Dumitrescu-Hurlin Granger causality test. The empirical result revealed that oil consumption 4 N. Inuwa et al. stimulates economic growth in both short and long run. Similarly, the study shows that capital and labour significantly stimulate economic growth in not only the short but also long run. The causality results also unravelled a feedback causality relationship between oil consumption, labour, and economic growth. However, there is unidirectional causality running from economic growth to capital. Therefore, the policy implication of this study suggests that any oil conservation policies initiated by the government of the top-ten oil producing countries may be detrimental to their economic growth and development.

show abstract

Section: Literature Reviewmentioning

confidence: 92%

Oil and growth nexus: fresh evidence from top-ten oil producing countries

Inuwa,

Adamu,

Maina

et al. 2023

IJEGN

View full text Add to dashboard Cite

show abstract

“…The impulse response is an alternate when analyzing the variance decomposition. It estimates the reaction of one variable based on the shocks arising from various other variables [12,61]. Figure 3 shows the finding of the impulse response function.…”

Section: Robust Analysismentioning

confidence: 99%

A Correlative Study of Modern Logistics Industry in Developing Economy and Carbon Emission Using ARDL: A Case of Pakistan

Hanif

Alam

et al. 2022

Mathematics

View full text Add to dashboard Cite

The modern logistics industry in relation to economic growth and carbon emission has opened new strategic perspectives. Recent research work have analyzed such complex interference from a broad perspective. However, analyzing this overlap needs comprehensive insight into the logistics industry while simultaneously estimating its short-run and long-run effects from regional aspects due to continue-evolving factors and their impact on it. This paper competently analyzes logistics industry components in connection with economic prosperity, energy consumption, trade development, and carbon emission from a more specific regional perspective of a developing country. Methodologically, an autoregressive distributive lag model (ARDL) is employed using correlative evaluation of the dynamic factors and their interactive impact in short and long run on this relation, based on time-series data of Pakistan from 1990 to 2019. The study results endorse the previous studies’ outcomes by recognizing that an increase in carbon emission depends on trade development, energy usage, economic development, and the logistics industry’s various components except for air logistics. However, study results show a unidirectional long-run causality directing from economic development, logistics industry, energy utilization, and trade development to carbon emission. Moreover, these results reveal that this emission is the leading factor to introduce stringent emission standards that further overlap with regional demographics trends, i.e., carbon emission implications. These findings imply that economic development applies a substantial demand-pull impact on national logistics, i.e., regional economic development directs to the growth of the logistics industry in the corresponding region. Consequently, high-income geographical regions have higher long-run risk concerning contemporary developmental activities of the logistics industry when adhering to carbon emission standards. Particularly, the influence of upcoming emission standards must be prioritized when planning the future returns of contemporary research and development activities of the logistics industry in a given geographic area, such as CPEC. Given Pakistan’s perspective, the proposed empirical analysis can be exampled to other developing countries. This analysis may facilitate the design and development of strategies for upcoming financial funding in the modern logistics industry to seek its sustainable development-goals in developing economies.

show abstract

Exploring the Linkage Between Energy Consumption and Economic Growth in BRICS Countries Through Disaggregated Analysis

Raza,

Khan,

Bakhtyar

2024

J Knowl Econ

View full text Add to dashboard Cite

The main objective of this study is to analyze the impact of disaggregated energy consumption (coal, natural gas, petrol, and electricity) on the economic growth of BRICS countries (Brazil, Russia, India, China, and South Africa) from 1990 to 2020. The study implements the Augmented Mean Group (AMG) and Cross-Sectional Augmented Autoregressive Distributed Lag (CS-ARDL) techniques for empirical analysis. The cointegration results indicate a consistent long-term link between coal consumption, gas, petrol, electricity, and economic growth. The CS-ARDL estimates show that disaggregated energy consumption has a positive short- and long-term effect on economic growth, and the AMG approach supports these findings. These results suggest that the economic growth of BRICS countries is positively influenced by increased consumption of different types of energy sources. The panel Granger causality test result confirms the causal link between coal consumption and economic growth, electricity and economic growth, and petroleum and economic growth, supporting the feedback hypotheses, while natural gas consumption and economic growth support the neutral hypothesis. These findings suggest that energy conservation initiatives can be implemented in BRICS countries without negatively impacting economic growth.

show abstract

Petroleum Consumption and Economic Growth Nexus in Nigeria: Evidence from Nonlinear ARDL and Causality Approaches

Cited by 3 publications

References 48 publications

Oil and growth nexus: fresh evidence from top-ten oil producing countries

Oil and growth nexus: fresh evidence from top-ten oil producing countries

A Correlative Study of Modern Logistics Industry in Developing Economy and Carbon Emission Using ARDL: A Case of Pakistan

Exploring the Linkage Between Energy Consumption and Economic Growth in BRICS Countries Through Disaggregated Analysis

Contact Info

Product

Resources

About