Vedi metadata
I METADATI DI QUESTO DOI SONO STATI AGGIORNATI IL: 2024-01-10 23:01
Cite as
-
Titolo completo
ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
-
Editore
FrancoAngeli
-
ISSN
2280-7659 (Rivista Stampata)
2280-7667 (Rivista Online)
-
Numero del fascicolo
3
-
Designazione del fascicolo
3
-
Data del fascicolo (YYYY/MM)
2018/07
-
Titolo completo
Asymmetric cointegration and causality between natural gas consumption and economic growth in Nigeria
-
Di (autore)
-
Prima Pagina
59
-
Ultima Pagina
71
-
Lingua del testo
Italiano
-
Data di publicazione
2018/07
-
Copyright
2017 FrancoAngeli srl
Introduzione o prefazione
This paper investigates asymmetric cointegration, asymmetric adjustment, and causality between natural gas consumption and economic growth in Nigeria using the momentum threshold autoregressive (M-TAR) model and the Granger-causality test in a momentum threshold error correction model (M-TECM). The results revealed evidence of asymmetric cointegration and asymmetric adjustment which suggests that the negative discrepancies from the equilibrium error adjust more rapidly than the positive discrepancies and that there is bidirectional causality between the two variables. The implication of the results is that a shock that decreases the impact of natural gas consumption on economic growth adjusts more rapidly than a shock that increases it and that a consistent natural gas supply increases growth and similarly a rise in growth induces an increase in natural gas consumption. Therefore, policymakers in Nigeria need to confine more attention to the shocks stemming from the decrease in natural gas consumption and the country should adopt energy exploration policies
Elenco citazioni del
10.3280/EFE2017-003004
Citazione non strutturata
Adegbemi B.O., Adegbemi O.O., Olalekan A.J., Babatunde O.O. (2013). Energy Consumption and Nigerian Economic Growth: An Empirical Analysis. European Scientific Journal, 94: 1857-7881.
Citazione non strutturata
Adelman M.A. (1993). The Economics of petroleum supply. The Energy Journal, 2: 238-240.
Citazione non strutturata
Agbonifo P. (2016). Natural Gas Distribution Infrastructure and the Quest for Environmental Sustainability in the Niger Delta: The Prospect of Natural Gas Utilization in Nigeria. International Journal of Energy Economics and Policy, 6(3): 442-448.
Citazione non strutturata
Al-Shubiri F. (2015). The impact of economic and financial variables on cash conversion cycle of energy, oil and gas sectors listed in muscat security market. International Journal of Energy Economics and Policy, 5(1): 174-181.
Citazione non strutturata
Apergis N., Payne J.E. (2010). Natural gas consumption and economic growth: A panel
Citazione non strutturata
investigation of 67 countries. Appl. Energ., 87: 2759-2763. Aviral K., Mihai M. (2016). The revenues-spending nexus in Romania: a TAR and MTAR approach. Economic Research-Ekonomska Istraživanja, 29: 735-745.
Citazione non strutturata
Dogan E. (2014). Energy consumption and economic growth: Evidence from low-income countries in Sub-Saharan Africa. International Journal of Energy Economics and Policy, 4(2): 154.
Citazione non strutturata
Dogan E. (2015). Revisiting the relationship between natural gas consumption and economic growth in Turkey. Energy Sources, Part B: Economics, Planning, and Policy, 10: 361-370.
Citazione non strutturata
Dogan E. (2016). Analyzing the linkage between renewable and non-renewable energy consumption and economic growth by considering structural break in time-series data. Renewable Energy, 99: 1126-1136.
Citazione non strutturata
Dogan E., Sebri M., Turkekul B. (2016). Exploring the relationship between agricultural electricity consumption and output: New evidence from Turkish regional data. Energy Policy, 95: 370-377.
Citazione non strutturata
Enders W., Siklos P.L. (2001). Cointegration and threshold adjustment. Journal of Business and Economic Statistics, 19: 166‐176.
Citazione non strutturata
Gbadebo O.O., Chinedu O. (2009). Does energy consumption contribute to economic performance? Empirical evidence from Nigeria. Journal of Economics and International Finance, 1(2): 044-058.
Citazione non strutturata
Hu J.L., Lin C.H. (2008). Disaggregated energy consumption and GDP in Taiwan: A threshold co-integration analysis. Energy Economics, 30: 2342-2358.
Citazione non strutturata
Karacaer-Ulusoy M., Kapusuzoglu A. (2017). The dynamics of financial and macroeconomic determinants in natural gas and crude oil markets: evidence from organization for economic cooperation and development/gulf cooperation council/organization of the petroleum exporting countries. International Journal of Energy Economics and Policy, 7(3): 167-187.
Citazione non strutturata
Kum H., Ocal O., Aslan A. (2012). The relationship among natural gas energy consumption, capital and economic growth: Bootstrap-corrected causality tests from G-7 countries. Renewable and Sustainable. Energy Reviews, 16: 2361-2365.
Citazione non strutturata
Lee C.C., Chang C.P. (2005). Structural breaks, energy consumption and economic growth revisited: evidence from Taiwan. Energy Economics, 27: 857-872.
Citazione non strutturata
Olusegun O.A. (2008). Energy consumption and economic growth in Nigeria: A bounds testing cointegration approach. Journal of Economics Theory, 2: 118-123.
Citazione non strutturata
Sahbi F., Muhammad S. (2014). The Role of Natural Gas Consumption and Trade in Tunisia’s Output. Munich Personal RePEc Archive, 1-22.
Citazione non strutturata
Shahbaz M., Arouri M., Teulon F. (2014). Short- and long-run relationships between natural gas consumption and economic growth: Evidence from Pakistan. Economic Modelling, 41: 219-226.
Citazione non strutturata
Woo K.Y., Jia L.X. (2013). Threshold Cointegration and Causality between CPI and PPI in Selected Countries – Some International Evidence. Working Paper Series, 1-25.
Citazione non strutturata
Zamani M. (2007). Energy consumption and economic activities in Iran. Energy Economics, 29: 1135-1140.
Citazione non strutturata
Zamani N. (2016). How the Crude Oil Market Affects the Natural Gas Market? Demand and Supply Shocks. International Journal of Energy Economics and Policy, 6(2): 217-221.
Citazione non strutturata