Trivariate modelling of the nexus between electricity consumption, urbanization and economic growth in Nigeria: fresh insights from Maki Cointegration and causality tests

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dc.authoridhttps://orcid.org/0000-0001-5035-5983en_US
dc.contributor.authorAli, Hamisu Sadi
dc.contributor.authorNathaniel, Solomon Prince
dc.contributor.authorUzuner, Gizem
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorSarkodie, Samuel Asumadu
dc.date.accessioned2020-05-24T01:42:20Z
dc.date.available2020-05-24T01:42:20Z
dc.date.issued2020en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.descriptionDocument Information Language:English Accession Number: WOS:000518367800103 PubMed ID: 32123762en_US
dc.description.abstractIn this era of intensive electricity utilization for economic development, the role of urbanization remains inconclusive, especially in developing economies. Here, this study examined the electricity consumption and economic growth nexus in a trivariate framework by incorporating urbanization as an additional variable. Using the recent novel Maki cointegration test, Ng-Perron, Zivot-Andrews, and Kwiatkowski unit root tests along with FMOLS, DOLS and the CCR estimation methods, we relied on an annual frequency data from 1971-2014. Results from FMOLS, DOLS and the CCR regression confirms the electricity consumption-driven economic growth. This is desirable as Nigeria is heavily dependent on energy (electricity) consumption. A unidirectional causality from urbanization to electricity consumption and economic growth was found but the long-run empirical findings revealed urbanization impedes growth-a situation that has policy implications. The study highlights that though urbanization is a good predictor of Nigeria's economic growth, however, the adjustment of the energy portfolio to meet the growing urban demand will curtail the adverse and far-reaching impact of urbanization on the economy.en_US
dc.description.sponsorshipSA Sarkodie acknowledges the financial support of Nord University Business School, Bodo, Norway.en_US
dc.identifier.doi10.1016/j.heliyon.2020.e03400en_US
dc.identifier.issn2405-8440
dc.identifier.issue2en_US
dc.identifier.pmid32123762en_US
dc.identifier.scopus2-s2.0-85079610830en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://hdl.handle.net/11363/2159
dc.identifier.urihttps://doi.org/
dc.identifier.volume6en_US
dc.identifier.wosWOS:000518367800103en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.language.isoenen_US
dc.publisherELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLANDen_US
dc.relation.ispartofHELIYONen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectEnergyen_US
dc.subjectEconomicsen_US
dc.subjectEconomic growthen_US
dc.subjectElectricity consumptionen_US
dc.subjectMaki cointegrationen_US
dc.subjectDynamic causalityen_US
dc.subjectUrbanizationen_US
dc.subjectCARBON-DIOXIDE EMISSIONSen_US
dc.subjectENERGY-CONSUMPTIONen_US
dc.subjectGRANGER CAUSALITYen_US
dc.subjectCO2 EMISSIONSen_US
dc.subjectFINANCIAL DEVELOPMENTen_US
dc.subjectTIME-SERIESen_US
dc.subjectUNIT-ROOTen_US
dc.subjectLONG-RUNen_US
dc.subjectPANELen_US
dc.subjectCOUNTRIESen_US
dc.titleTrivariate modelling of the nexus between electricity consumption, urbanization and economic growth in Nigeria: fresh insights from Maki Cointegration and causality testsen_US
dc.typeArticleen_US

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