Implications of Population Growth and Oil Production on CO2 Emissions: Empirical Evidence from Nigeria
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Date
2012
Authors
Isola, W.A.
Ejumedia, P.E.
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Volume Title
Publisher
Scottish Journal of Arts, Social Sciences and Scientific Studies
Abstract
This study analyzes the impact of rapid population growth, oil production on CO2 emissions in Nigeria within the framework of the error correction model, using annual time series data from 1970 - 2010. The study reveals that C02 emission in Nigeria and its hypothesized determinant are generally I(1) series, with two co-integration equations existing among their linear combinations. Our results show that, the variables in the model, population, oil production and per-capita gross domestic product are positively related to increase emissions in the country. Overall the variables account for 64% of the variation in C02 emission and it is highly significant at 5% as shown by the F-statistic (p < 0.05). The coefficient of the ECM behaved, having its expected negative sign and is significant at 5%. However, the speed of adjustment is low. In order to mitigate C02 emissions, the following recommendations are made: diversification of energy sources, proper funding of the sector, and adequate maintenance of energy infrastructure among others.
Description
Scholarly articles
Keywords
Emmissions in Nigeria , population growth , Oil production , Domestic products , Research Subject Categories::SOCIAL SCIENCES::Business and economics::Economics
Citation
Isola, W.A. & Ejemudia, P.E. (2012). Implications of Population Growth and Oil Production on CO2 Emissions: Empirical Evidence from Nigeria. Scottish Journal of Arts, Social Sciences and Scientific Studies, 2(1), 42-52.