This paper extends previous studies in modeling and estimating energy demand functions for both gasoline and kerosene petroleum products for Nigeria from 1977 to 2008. In contrast to earlier studies on Nigeria and other developing countries, this study specifically tests for the possibility of...

The purpose of this study is to analyse the influence of exchange rate shocks on foreign trade (exports and imports) of fifteen economies within the ECOWAS sub- region. To accomplish the goal of this paper, Autoregressive Distributed Lag (ARDL) procedure was employed to investigate the impact...

This study investigates the relationship between Economic Growth (GDP) and environmental quality in Nigeria. The Environmental Kuznets Curve (EKC) hypothesis is investigated and tested with the annual data of carbon emissions capita and GDP per capita from 1970-2005. EKC hypothesis postulates a...

This study investigates the impacts of oil price shocks on the macroeconomic performance in Nigeria using Vector Autoregression (VAR) approach. Forecast error variance decomposition is estimated using seven key macroeconomic variables namely, real gross domestic product, consumer price index,...

This study investigates the relationship that exists between energy consumption and economic growth using Nigerian annual time series from 1970-2005. The non-causality approach to causality testing and the bounds testing approach to cointegration, which is based on Autoregressive Distributed Lag...

Natural gas has some positive macroeconomic implications for Nigeria since there is as much gas as there is oil in the country. Also, the overall dependence on oil will soon be reduced and there will be an increasing demand for gas. Oil currently accounts for over 90 percent of Nigeria's foreign...