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Carbon Dioxide Emissions from Energy Consumption, Foreign Direct Investment and Economic Growth in Nigeria: A Multivariate Causal Analysis

Year: 2024

Type: article

Abstract: The relationship among Nigeria’s CO2 emissions, foreign direct investment inflows, and economic growth was examined in this study. The data period examined is from 1990 to 2020. The data is obtained from the World Bank’s online database and adopted the VECM-based Granger causality technique. Results showed a feedback relationship between FDI inflows and CO2 emissions as well as a unidirectional causal relationship from economic growth to CO2 emissions. The information offered by these empirical studies will help policymakers develop effective economic policies.

Source: International Journal of Energy Economics and Policy

DOI: 10.32479/ijeep.18118

Authors: Joseph Olufemi Ogunjobi, Rotimi Ayoade Ogunjumo, Stephen Adesina Ibitowa

Institution: Landmark University

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $590