Energy Resources, Domestic Investment and Economic Growth: Empirical Evidence from Nigeria
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Iranica Journal of Energy & Environment
The paper examined whether investment serves as a channel through energy could promote economic growth in Nigeria. A model that incorporated energy as a separate input and as an indirect input was developed and estimated. The results showed that the potential of investment to enhance economic growth is significantly depressed by the energy resources dependence. Although pubic investment was found to be a channel through which energy resources enhanced economic growth in Nigeria. There is evidence that Dutch disease/resource curse problem is a Nigerian phenomenon as energy abundance is found to significantly impair economic growth in Nigeria.
Energy resources , Economic growth , Investment , Nigeria , Research Subject Categories::SOCIAL SCIENCES
Saibu M Olufemi (2012) “Energy Resources, Domestic Investment and Economic Growth: Empirical Evidence from Nigeria” Iranica Journal of Energy & Environment 3 (4): 321-329,