Journal
ENERGY REPORTS
Volume 1, Issue -, Pages 145-150Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.egyr.2015.06.001
Keywords
Clean energy; Economic growth; Nigeria
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This paper examines the impact of clean energy on economic growth in Nigeria. Autoregressive distributed lag (ARDL) approach to cointegration was used to determine the existence of cointegration among the variables. The long run results suggest a significant negative relationship between two indicators of clean energy (alternative and nuclear energy and electric power consumption) and economic growth. The result further reveals a significant positive relationship between combustible renewables and waste and economic growth. Mixture of negative and positive relationships between clean energy indicators and economic growth was obtained in the short, although not significantly different from zero. We concluded that Nigeria has Potentials of clean energy to be reaped in near future. (C) 2015 Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
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