Volume 3, Issue 5, October 2018, Page: 38-44
The Influence of Urbanization, Population Age Groups and Trade on Energy Consumption in Nigeria: An Empirical Analysis
Eugene Iheanacho, Department of Economics, Abia State University, Uturu, Nigeria
Received: Jul. 13, 2018;       Accepted: Oct. 31, 2018;       Published: Dec. 4, 2018
DOI: 10.11648/j.ijeee.20180305.11      View  14      Downloads  11
Abstract
This study examines the influence of urbanization, population age groups (15-64 and 65 and above) and international trade on energy consumption in Nigeria using ARDL cointegration analysis and the direction of causality between the variables using VECM Granger causality framework over the period 1971-2013. The influence of trade openness and urbanization on energy consumption in the long run is found to be positive and significant. Working (ages, 15-64) and old and retired (ages, 65 and above) population age groups are found to be influencing the level of energy consumption differently. While the size of old and retired population group (ages 65 and above) causes the level of energy consumption to decrease, the size of the working population (ages 15-64) causes the level of energy consumption to increase. These results could be a guide to policy makers in analysing the energy requirements of the Nigerian economy and for appropriate energy policies required to mitigate environmental issues related to the consumption of fossil fuels.
Keywords
ARDL, Energy Consumption, VECM Granger Causality Framework, Nigeria, Population Age Groups, Trade Openness, Urbanization
To cite this article
Eugene Iheanacho, The Influence of Urbanization, Population Age Groups and Trade on Energy Consumption in Nigeria: An Empirical Analysis, International Journal of Economy, Energy and Environment. Vol. 3, No. 5, 2018, pp. 38-44. doi: 10.11648/j.ijeee.20180305.11
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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