IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 9 NO. 4 2023

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Population Dynamics, Energy Consumption and Economic Growth in Nigeria

Ezebunwa Justice, Leera Kpapih and Young Geoffrey

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Abstract

This paper assessed the nexus between population dynamics, energy consumption and economic growth in Nigeria spanning from 1989 to 2020. The empirical paper employed a Granger causality examination test and vector error correction estimation technique. The Granger causality tests found that there is unidirectional interconnection arising from gross domestic product (GDP), energy consumption (ENEG), mortality rate (MORT), and fertility rate (FERT), which turns optimistically to economic growth in Nigeria influences. Also, the VECM technique exposed that the independent variables have undesirable but no substantial influence on GDP within the period of study. Further more, the empirical study recommends that the Nigerian authority be notified to make straight efforts to control Nigeria's disturbing fertility rate.

keywords:

Population dynamics, Energy Consumption and Economic Growth

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References:

Abdulrazaq, I. (2020), Effects of Energy Consumption, Economic Growth and Population
Growth on Carbon Dioxide Emissions: A Dynamic Approach for African
Economies (1990-2011). Georgia: MRPA Paper No. 97598.

AFDB (2020), Nigeria Economic Outlook 2020, Ab idjan (Cote d?lvoire), African
Development Bank, www, afdb.org

Agwanda, A and Amani, H (2014), Population growth, structure and momentum in Tanzania,
Background paper no.
7, The Economic and Social Research Foundation
(ESRF)

Bashir U. F, and Abubakar A., (2019), Net Population Growth and Economic Growth in
Nigeria: An Autoregressive Distributed Lag (ARDL) Model Approach, East
African Scholars Journal of Economics, Business and Management, Abbreviated
Key Title: East African Scholars J Econ
Bus
Manag, ISSN 2617-4464 (Print) |
ISSN 2617-7269 (Online) | Published By East African
Scholars
Publisher,
Kenya

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