International records / OpenAlex research

Energy Demand, Income Differentials, and Economic Growth in Nigeria

This study examined the impact of Energy demand and Income differentials on Economic Growth in Nigeria. The World Bank development indicators and the Central Bank of Nigeria (CBN) Statistical Bulletin provided the secondary data required for the analysis which used the ECM and Johansen Co- integration approach. The explanatory variables include Energy demand, Income differentials and Exchange rate in the country. The model of this study is built on the hybrid or income differential energy demand model. The result of our findings indicates inverse relationship between Gross Domestic Product and…