Please use this identifier to cite or link to this item: https://library.cbn.gov.ng:8443/jspui/handle/123456789/636
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dc.contributor.authorInuwa, N.-
dc.contributor.authorUsman, H. M.-
dc.contributor.authorSaidu, A. M.-
dc.date.accessioned2018-11-21T14:17:03Z-
dc.date.available2018-11-21T14:17:03Z-
dc.date.issued2014-06-
dc.identifier.citationInuwa, N., Usman, H. M. & Saidu, A. M. (2014). An Autoregressive Distributed Lag (ARDL) approach to the oil consumption and growth nexus: Nigerian evidence. CBN Economic and Financial Review (EFR), 52(2), 75-88.en_US
dc.identifier.issn1957-2968-
dc.identifier.urihttp://library.cbn.gov.ng:8092/jspui/handle/123456789/636-
dc.description.abstractThis study attempted to examine the relationship between oil consumption, carbon emission and economic growth in Nigeria covering the period 1980-2011. The study applied Dickey-Fuller Generalised Least Square (DF-GLS) unit root test and autoregressive distributed lag (ARDL) bound test approach to co-integration. The bond test results revealed a long-run equilibrium relationship among oil consumption, carbon emission and economic growth. The result also showed a positive and statistically significant impact of oil consumption on economic growth. The coefficient of error correction term in the ARDL model was statistically significant, indicating that the adjustment process by which long-run equilibrium is restored after a shock is very fast. In conclusion, oil consumption played an important role in the economic growth of Nigeria, thus efforts to conserve oil will have a negative repercussions on economic growth.en_US
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria (CBN), Research Departmenten_US
dc.relation.ispartofseriesVol. 52;No. 2-
dc.subjectOil consumptionen_US
dc.subjectEconomic growthen_US
dc.subjectAutoregressive Distributed Lagen_US
dc.subjectARDLen_US
dc.subjectCarbon emissionen_US
dc.subjectNigeriaen_US
dc.titleAn Autoregressive Distributed Lag (ARDL) approach to the oil consumption and growth nexus: Nigerian evidenceen_US
dc.typeArticleen_US
Appears in Collections:Economic and Financial Review

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