Access the full text.
Sign up today, get DeepDyve free for 14 days.
O. Okoro, E. Chikuni (2017)
Power sector reforms in Nigeria: opportunities and challengesJournal of Energy in Southern Africa, 18
Abideen Alawiye (2011)
The power sector and industrial development in Nigeria : case company, Power Holding Company of Nigeria
R. Morimoto, C. Hope (2004)
THE IMPACT OF ELECTRICITY SUPPLY ON ECONOMIC GROWTH IN SRI LANKAEnergy Economics, 26
P. Ubi, Effiom Lionel (2013)
The Dynamic Analysis of Electricity Supply and Economic Development: Lessons from Nigeria, 2
C. Kessides (1993)
The Contributions of Infrastructure to Economic Development, A review of Experience and Policy Implications
Journal of Economics and Sustainable Development, 4
W. Steel, L. Webster (1991)
Small enterprises under adjustment in Ghana
Ignatius Ukpong (1976)
An analysis of causes of power shortage in NigeriaThe Nigerian journal of economic and social studies, 18
Abuabkar, Sani, Sambo, Bashir, Garba, Ismaila, Haliru, Zarma, Mohammed, Musa, Gaji (2010)
Electricity Generation and the Present Challenges in the Nigerian Power Sector, 6
A. Shiu, Pun-Lee Lam (2004)
Electricity consumption and economic growth in ChinaEnergy Policy, 32
T. Jobert, Fatih Karanfil (2007)
Sectoral energy consumption by source and economic growth in TurkeyEnergy Policy, 35
Journal of Business and Organizational Development, 4
O. Ebohon (1996)
Energy, economic growth and causality in developing countries: A case study of Tanzania and NigeriaEnergy Policy, 24
Jiahai Yuan, Jian-gang Kang, Changhong Zhao, Zhaoguang Hu (2008)
Energy consumption and economic growth : Evidence from China at both aggregated and disaggregated levelsEnergy Economics, 30
Encyclopedia of Energy, 2
Y. Wolde‐Rufael (2006)
Electricity consumption and economic growth: a time series experience for 17 African countriesEnergy Policy, 34
A. Ciarreta, A. Zarraga (2010)
Economic growth-electricity consumption causality in 12 European countries: A dynamic panel data approachEnergy Policy, 38
A. Akinlo (2008)
Energy consumption and economic growth: Evidence from 11 Sub-Sahara African countriesEnergy Economics, 30
A. Masih, Rumi Masih (1996)
Energy consumption, real income and temporal causality: results from a multi-country study based on cointegration and error-correction modelling techniquesEnergy Economics, 18
Sajal Ghosh (2002)
Electricity consumption and economic growth in IndiaEnergy Policy, 30
A. Adenikinju (2005)
Analysis of the cost of infrastructure failures in a developing economy: The case of the electricity sector in Nigeria
Olivia Nwankwo, B. Njogo (2013)
The Effect of Electricity Supply on Industrial Production Within The Nigerian Economy (1970 – 2010)Journal of Energy Technologies and Policy, 3
C. Granger, P. Newbold (1974)
Spurious regressions in econometricsJournal of Econometrics, 2
Simon-Oke Olayemi (2012)
Electricity Crisis and Manufacturing Productivity in Nigeria (1980-2008)Developing Country Studies, 2
D. Jorgenson (1984)
The Role of Energy in Productivity GrowthThe Energy Journal, 5
N. Rosenberg (1983)
Inside the black box: The effects of energy supply characteristics on technology and economic growth
H. Varian (1987)
Intermediate Microeconomics: A Modern Approach
PurposeMost studies on electricity-economic growth nexus in the literature are preoccupied with causality, with little attention paid to the transmission mechanisms. The orientation of most of these studies is obviously predicated on their assumption that electricity enters the production function in a Hicks-neutral fashion. Based on the assumption that productivity of capital is affected by electricity supply, this study estimates a production function in which electricity enters the model in capital-augmenting style. The study aims to examine the transmission channels in the electricity-economic growth nexus.Design/methodology/approachUsing monthly data on Nigeria from 1980 to 2013, the study uses the three-stage least square regression technique, which not only controls for possible endogeneity in the model but also allows for tracing the transmission linkages to estimate the relationship between electricity and economic growth in Nigeria.FindingsThis study establishes that electricity positively affected economic growth in Nigeria however through its positive effects on industrial output. The direct effect of electricity on economic growth was insignificant. This study thus concluded that the transmission mechanism in electricity-economic growth nexus is the electricity-induced industrial growth.Practical implicationsNigeria should increase her electricity supply (for increased electricity consumption) because this would significantly stimulate her industrialization and economic growth.Originality/valueThis study differs from earlier studies in that it did not primarily focus on causality; it examined the transmission channels in the electricity-economic growth nexus. Moreover, it differs from them on the implicit assumptions made by earlier studies that electricity enters the production function in a Hicks-neutral fashion. It rather estimated a model in which electricity enters the production function in capital-augmenting fashion because the study assumed that productivity of capital is affected by electricity supply.
International Journal of Energy Sector Management – Emerald Publishing
Published: Nov 7, 2016
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.