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- W2561942745 abstract "This study applies the growth accounting framework of the Cobb-Douglass production function to explain the dynamic interaction between residential and industrial electricity consumption on economic growth in Nigeria from 1980-2010. The study employed the both Augumented Dickey-Fuller and Pillips Perron unit root test, Johansen Co-integration test, Granger causality test and Ordinary Least Square regression technique. The data for residential and industrial electricity consumption for the period of study were sourced from the Central Bank of Nigeria (CBN) statistical bulletin [3] and the data for Gross Domestic Product (GDP) and per capita income were obtained from the World Development Indicators (WDI) [13] while, data for investment was obtained from the CIA World Fact Book [14]. The study revealed that a uni-directional causality exist running from industrial electricity consumption to residential electricity consumption, also there exists a bi-directional causality between residential electricity consumption and per capita income growth in Nigeria for the period of study. Residential electricity consumption (LREC) is Positive and statistically significant, the industrial electricity consumption ratio (IEC) ratio is positive and statistically significant in model 1 but negative and statistically significant in models 2 and 3 while the interaction between LREC and IEC ratio is positive and statistically significant in models 2 and 3. Given the positive value of the interaction variable the study concludes that residential electricity consumption is constrained by industrial electricity consumption in Nigeria and unless this situation improves the positive benefit of electricity consumption might be eroded. And therefore recommended that Efforts should be geared towards improving the supply of electricity in both residential and industrial sector." @default.
- W2561942745 created "2017-01-06" @default.
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- W2561942745 date "2016-11-09" @default.
- W2561942745 modified "2023-09-23" @default.
- W2561942745 title "Residential and Industrial Electricity Consumption Dynamics and Economic Growth in Nigeria 1980 - 2010" @default.
- W2561942745 doi "https://doi.org/10.11648/j.ijeee.20160103.12" @default.
- W2561942745 hasPublicationYear "2016" @default.
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