Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
Response of Total Factor Productivity to Energy Use in Nigeria

Response of Total Factor Productivity to Energy Use in Nigeria

 

Abstract: This paper empirically examines the response of total factor productivity to energy use in Nigeria. The lack of access to substantial energy which has resulted in low productivity is the motivation behind this study. To carry out the empirical study, data was collected from CBN Statistical Bulletin and the World Bank data catalogue on energy consumption, labour, capital and economic growth from 1980 – 2015. Total factor productivity (TFP) was measured as the Solow residual, which is the constant in the Cobb-Douglas production equation. A VAR model was specified from which the impulse response function (IRF) and variance decomposition were computed to determine the response of TFP on energy use. The IRF shows that TFP responds positively to energy use. Furthermore, the Granger causality test was conducted and the test indicated a one-directional (one way) causality between energy use and total factor productivity, indicating that energy augments productivity in Nigeria. Finally, it is suggested that there is a need for policy cohesion and coordination on the management of energy generation and usage in Nigeria.

Price: N500.00 | Add to cart
 

 

 

Login

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

NES Webinar on Covid-19 and the Nigerian Economy - Press Release

The Nigerian Economic Society (NES) in its Monthly Webinar series on the Nigerian economy hosted the...read more


NES PhD THESIS PRIZE AWARD: Call for Submissions

The Executive Council of the Nigerian Economic Society (NES) hereby announces the call for submissio...read more


Policy Brief on The Nigerian Fuel Subsidy Puzzle: Facts, Fallacies and the Way Forward

Background The issue of the appropriate pricing of petroleum products in Nigeria, of which fuel s...read more


2019 Election of New Council of the Nigerian Economic Society

The Executive Council of NES hereby informs its members that at the Business Session of 2019 Annual ...read more


2019 Nigerian Economic Society Annual Public Lecture Announcement

The Executive Council of NES has the pleasure to announce it's 2019 Annual Public Lecture with the t...read more


60th Annual Conference of the Nigerian Economic Society: Call for Abstracts

The Executive Council of NES has the pleasure to announce 60th Annual Conference with the theme "ECO...read more


E-Mail Subscription

VoguePayVisaMasterCard