Relating energy consumption to real sector value added and growth in a developing economy: A case of Nigeria
PurposeThe main aim of this study was to examine whether any relationship exists between energy consumption and value added of the agricultural and industrial sector as well as the overall growth rate of the Nigerian economy.Design/methodology/approachThe study used annualized time series data from...
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| Veröffentlicht in: | International journal of energy sector management 2019-04, Vol.13 (1), p.166-182 |
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| container_title | International journal of energy sector management |
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| creator | Kalu, Ebere Ume Daniel, Pius Bala Nwafor, Uchenna Florence Okoyeuzu, Chinwe R. Okoro, Okoro E.U. Okechukwu, Elizabeth U. |
| description | PurposeThe main aim of this study was to examine whether any relationship exists between energy consumption and value added of the agricultural and industrial sector as well as the overall growth rate of the Nigerian economy.Design/methodology/approachThe study used annualized time series data from 1971 to 2014 drawn from the World Bank Development Indicators, adopting an autoregressive distributed lag technique in the data analyses as well as the bound test and error correction representation.FindingsThere is a very strong evidence of the existence of a long-run relationship between energy consumption and indicators of economic growth. There are very strong proofs that economic growth and agricultural value added adjust to the shocks and dynamics of the studied energy-consumption-related variables while manufacturing value added proved otherwise.Originality valueNo study to the best of our knowledge has brought together aggregate growth, agricultural value added and manufacturing value added in the investigation of the energy consumption and economic growth nexus in one study using the Nigerian stylized economic environment. This represents the value added of this study and shows its originality. |
| doi_str_mv | 10.1108/IJESM-02-2018-0007 |
| format | Article |
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There are very strong proofs that economic growth and agricultural value added adjust to the shocks and dynamics of the studied energy-consumption-related variables while manufacturing value added proved otherwise.Originality valueNo study to the best of our knowledge has brought together aggregate growth, agricultural value added and manufacturing value added in the investigation of the energy consumption and economic growth nexus in one study using the Nigerian stylized economic environment. This represents the value added of this study and shows its originality.</description><identifier>ISSN: 1750-6220</identifier><identifier>EISSN: 1750-6239</identifier><identifier>DOI: 10.1108/IJESM-02-2018-0007</identifier><language>eng</language><publisher>Bradford: Emerald Group Publishing Limited</publisher><subject>Agriculture ; Agronomy ; Annual reports ; Central banks ; Data processing ; Developing countries ; Economic development ; Economic growth ; Economics ; Electricity ; Energy consumption ; Energy industry ; Energy resources ; Error correction ; GDP ; Gross Domestic Product ; Growth rate ; Indicators ; LDCs ; Manufacturing ; Power ; Productivity ; Value added ; Variables</subject><ispartof>International journal of energy sector management, 2019-04, Vol.13 (1), p.166-182</ispartof><rights>Emerald Publishing Limited 2018</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c226t-e70c9c7c4a5cc60b9a230d4cca051443fc3d0f7a4e751a5be6ddbd544a6ea9863</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,961,21674,27901,27902</link.rule.ids></links><search><creatorcontrib>Kalu, Ebere Ume</creatorcontrib><creatorcontrib>Daniel, Pius Bala</creatorcontrib><creatorcontrib>Nwafor, Uchenna Florence</creatorcontrib><creatorcontrib>Okoyeuzu, Chinwe R.</creatorcontrib><creatorcontrib>Okoro, Okoro E.U.</creatorcontrib><creatorcontrib>Okechukwu, Elizabeth U.</creatorcontrib><title>Relating energy consumption to real sector value added and growth in a developing economy: A case of Nigeria</title><title>International journal of energy sector management</title><description>PurposeThe main aim of this study was to examine whether any relationship exists between energy consumption and value added of the agricultural and industrial sector as well as the overall growth rate of the Nigerian economy.Design/methodology/approachThe study used annualized time series data from 1971 to 2014 drawn from the World Bank Development Indicators, adopting an autoregressive distributed lag technique in the data analyses as well as the bound test and error correction representation.FindingsThere is a very strong evidence of the existence of a long-run relationship between energy consumption and indicators of economic growth. There are very strong proofs that economic growth and agricultural value added adjust to the shocks and dynamics of the studied energy-consumption-related variables while manufacturing value added proved otherwise.Originality valueNo study to the best of our knowledge has brought together aggregate growth, agricultural value added and manufacturing value added in the investigation of the energy consumption and economic growth nexus in one study using the Nigerian stylized economic environment. 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rate</topic><topic>Indicators</topic><topic>LDCs</topic><topic>Manufacturing</topic><topic>Power</topic><topic>Productivity</topic><topic>Value added</topic><topic>Variables</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Kalu, Ebere Ume</creatorcontrib><creatorcontrib>Daniel, Pius Bala</creatorcontrib><creatorcontrib>Nwafor, Uchenna Florence</creatorcontrib><creatorcontrib>Okoyeuzu, Chinwe R.</creatorcontrib><creatorcontrib>Okoro, Okoro E.U.</creatorcontrib><creatorcontrib>Okechukwu, Elizabeth U.</creatorcontrib><collection>CrossRef</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>STEM Database</collection><collection>ProQuest SciTech Collection</collection><collection>ProQuest Technology 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| source | Emerald Journals; Standard: Emerald eJournal Premier Collection |
| subjects | Agriculture Agronomy Annual reports Central banks Data processing Developing countries Economic development Economic growth Economics Electricity Energy consumption Energy industry Energy resources Error correction GDP Gross Domestic Product Growth rate Indicators LDCs Manufacturing Power Productivity Value added Variables |
| title | Relating energy consumption to real sector value added and growth in a developing economy: A case of Nigeria |
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