Economic performance and environmental pollution in Nigeria (original) (raw)
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Foreign investment and CO 2 discharge in Nigeria
International Journal of Research and Innovation in Social Science (IJRISS) , 2020
This study examines the influence of foreign investment, economic performance, financial progress and energy use in Nigeria, by employing ARDL technique form 1980 to 2019. The cointegration test confirmed the long run linkage among the model's variables. The short run estimate indicates that foreign investment, economic performance, financial progress and energy positively influence the level of CO 2 discharge in Nigeria. The estimate form long-run analysis also reveals that foreign investment, GDP, financial progress and energy resources accelerate the capacity of CO 2 explosion. Hence, the study suggests that government and policymakers should design policies on foreign investment with aim to decouple the level of CO 2 discharge. This could be through the use of efficient energy and low emission technology.
Financial development and CO2 discharge in Nigeria
2021
This study examined the effect of financial development, fossil energy use, economic progress, and FDI on environmental pollution in Nigeria from 1981 – 2014 using the ARDL technique. The outcome of the bond test reveals the presence of a long-run association on the variables of the model. The short-run estimate shows that all the variables positively influence CO2. The result of the long-run analysis further indicates that financial progress, fossil fuel, and GDP accelerates the level of CO2 discharge. However, FDI does not explain environmental pollution in Nigeria. Hence, the study suggests that government and policymakers should formulate policies to improve financial development designed to mitigate CO2 discharge by giving directives to financial institutions that all credits allocation should be toward the purchase of low emission technologies and domestic appliances. In addition, environmentalists should enlighten citizens on the danger of environmental pollution and ways to ...
GeoJournal, 2018
This study examines the dynamic impact of financial development, energy consumption, trade openness, and economic growth on carbon dioxide (CO 2) emissions in Nigeria. We applied autoregressive distributed lag bound testing technique for the period of 1971-2010. The empirical result shows a long-run cointegration relationship among the variables. The long-run estimation result, however, reveals that, economic growth, development of the financial sector and energy consumption have a positive and significant impact on carbon dioxide emissions, whereas trade openness has negative and significant impact on carbon dioxide emissions. The finding suggest that the government should emphasize programs and policies that reduce carbon dioxide emissions by opening the trade sector considering the roles such openness plays in reducing environmental degradation in the country, which directly enhances environmental quality.
Financial Market Development and CO2 Emissions Nexus in Nigeria: An Application of Ardl Approach
2021
The paper investigated the impact of financial development on CO2 emissions in Nigeria from 1981 to 2019. In the process of investigating the impact, Augmented Dickey-Fuller and Philip Perron, as well as the Zivot-Andrew structural breaks, unit root tests were applied. Their results indicated that financial development, level of income, and CO2 emissions were stationary at the first difference and that of Zivot-Andrew structural breaks indicated a mixture of integration. Cointegration relationship among the variables was established through autoregressive distributed lag model bounds test. The autoregressive distributed lag model long-and-short run models results indicated that financial development and income level significantly negatively impact the CO2 emissions. The suggestion based on these results is that financial development and income level help in financing clean projects in the long-and-short runs. The Granger causality result revealed bidirectional causality from financi...
Energy production and C02 emission in Nigeria
Academic Journal of Economic Studies, 2020
This study examine the effects of energy production, financial development and economic growth on C02 in Nigeria by applying ARDL technique from 1980 – 2011. The outcome of the cointegration test confirms the long run association among the variables. The short run analysis indicates energy production has positive effect on C02 in Nigeria. However, financial progress and economic growth condense C02. For the long-run estimate the outcome indicates that energy production, financial progress and output growth accelerates the level of C02. Hence, the study suggests that policymakers should emphasized on use of low emissions technologies especially in the process of oil exploration and re consider the use of other energy alternatives such as wind, thermal and solar in order to reduce the damaging effects of energy production and to achieve sustainable economic development.
ECONOMIC GROWTH AND CARBON DIOXIDE EMISSION IN NIGERIA
Oyeranti Olugboyega Alabi, 2021
Environmental degradation measured by CO2 emissions is a significant challenge to sustainable economic development. Owing to the significant impact of the empirical relationship between economic growth and CO2 emissions, this study examined the relationship between economic growth and carbon dioxide emission with a view to testing the validity or otherwise of the Environmental Kuznets Curve (EKC) in Nigeria. Using Autoregressive Distributed Lags (ARDL) approach, the study employed data on trade openness, electricity consumption, population and the square of GDP as control variables in the analysis for the period 1970 to 2018. The result showed that electricity consumption and trade openness have a negative and significant relationship with CO2 emission, while population growth has a positive but insignificant impact on CO2 emission. This insignificant impact of population growth can be linked to the lower income of the populace. However, the estimated coefficient of the square of income is negative, while that of its level is positive and thus supports the existence of EKC in Nigeria. Increasing the degree of openness to international trade along with appropriate trade policies will contribute to the Nigerian economy as openness leads to the reduction of pollutants in the environment. Adoption of mixed energy consumption, especially through hydroelectricity and solar system, will drastically reduce the rate of carbon emission in Nigeria regarding the fact that Nigeria is well endowed with these resources.
Non-Linear Nexus between CO₂ Emission, Economic Growth in Nigeria
European Journal of Business and Management Research
CO2 levels are often seen as a major global problem faced by most countries; our study aims to examine the impact of Foreign Direct Investment on CO2 emission in Nigeria. Based on the “Pollution Heaven Hypothesis” and the “Pollution Halo Hypothesis” standards using the STARPAT standards model, this article assess the impact of economic factors on CO2 emission. Based on our findings, energy consumption is not sustainable in Nigeria, that is there is a high concentration of CO2 emission. U-lines with the traditional EKC data and the use of N-type foreign investments are now raising CO2 in Nigeria's cities through their “predictive” carbon emissions. Based on the results of previous studies, we report that changes are needed to be made in order to reduce carbon emissions in Nigeria which represent one of the challenges faced in developing countries.
Energy Economics Letters, 2020
The objective of this paper is to investigate the influence of economic growth and energy consumption on environmental pollution in Nigeria for over 1981-2014 periods and utilized Augmented Dickey Fuller (ADF) and Philip Perron (PP) unit root tests together with Autoregressive Distributed Lag (ARDL) Model in the process of achieving the desire objective. The outcome revealed that all the variables were stationary at first difference and cointegrated whereas the long-run outcome revealed that economic growth and energy consumption have significant positive effects on environmental pollution and this implies that increasing economic growth and energy consumption are responsible for the increasing level of environmental pollution while crude oil price has negative and significant influence on environmental pollution which implies that crude oil price reduces environmental pollution in the long-run. All the short-run outcomes corroborate their long-run counterparts. Nigeria government should emphasis more on the consumption of renewable energy in order to lessen the damaging impacts of economic activities and fossil fuels energy consumption on the quality of the country's environment. Contribution/ Originality: The study contributes to the existing literatures by providing evidence that economic growth and energy consumption are responsible for the environmental pollution. The study is among the very few studies that include crude oil price in investigating the impacts of economic growth and energy consumption on environmental pollution in Nigeria.
Carbon Dioxide Emissions and Economic Growth Nexus in Nigeria: The Role of Financial Development
American Journal of Social Sciences and Humanities
This study examines the effect of carbon dioxide emissions on economic growth, including investigating whether the CO2-economic growth relationship is dependent on financial development in Nigeria between 1980 and 2020. Due to dwindling economic growth, Nigeria experienced two recessions in one decade. Besides poor growth rates, Nigeria remains a leading emitter of CO2 in the Sub-Saharan region. The motivation for this study derived from the rising level of carbon dioxide emissions in Nigeria which might affect economic growth by dwindling agricultural activities (low output) in some regions, pose health challenges and create a shortage of inputs to agro-allied industries. Hence, this paper attempted to see if there was a causal relationship between carbon dioxide emissions, financial development, and economic growth in Nigeria. The relationship between the variables was examined using the Autoregressive Distributed Lag estimation technique (ARDL) estimation method. The framework fo...
The Effects of CO2 and NO2 Emissions on Economic Growth in Nigeria
The International Journal of Business & Management
This paper examined the relationship between carbon emissions and Nigeria's economic growth from 1985 to 2021. ARDL approach was adopted in analyzing the data. Gross domestic product (GDP) was used as a proxy for economic growth in Nigeria, while carbon dioxide (C02) emission, nitrous oxide (N02), and gross fixed capital formation (GFCF) were used as the independent variables. The findings revealed that Gross fixed capital formation had a significant positive influence on GDP in the short-run but a significant negative influence on GDP in the long-run. While nitrous oxide ((N02) emissions and carbon dioxide (C02) emissions follow the Kuznets curve of Grossman and Krueger (1995) of positive and negative impacts on GDP in the short-term and long-term, respectively. To have a carbon economy, it is recommended that the Nigerian government should both conceptualize and implement favourable policies and incentives (granting of tax credits to carbon-neutral corporations) from the gover...