Impact of Electricity Consumption, Financial Development, Trade Openness on CO2 Emissions: Evidence from Nigeria

Economic Studies Journal (Ikonomicheski Izsledvania) 4 143-157, 2019

Posted: 8 Jan 2020

See all articles by Vincent Tawiah

Vincent Tawiah

Griffith University; University of Mysore - Department of Commerce; University of Cape Coast; Dublin City University Business School

Date Written: December 18, 2019

Abstract

This paper has explored the role of electricity consumption financial development and trade openness on the CO2 emissions. The study utilizes annual data from 1972 to 2014 and employs various robust econometric techniques. Our analysis reveals that there is no long-term relationship financial development, trade openness and CO2 emission. However, the short-run analysis indicates significant relationship among the variables. The results also reveal that the bidirectional relationship between electricity consumption and CO2 emissions, and a unidirectional causality from financial development to CO2 emissions. Our results imply that policies that will promote renewable energy consumption and financial development can be pursued concurrently.

Keywords: Electricity Consumption, Financial Development, Trade Openness

JEL Classification: C32, G0, O44, Q43

Suggested Citation

Tawiah, Vincent, Impact of Electricity Consumption, Financial Development, Trade Openness on CO2 Emissions: Evidence from Nigeria (December 18, 2019). Economic Studies Journal (Ikonomicheski Izsledvania) 4 143-157, 2019. Available at SSRN: https://ssrn.com/abstract=3505748

Vincent Tawiah (Contact Author)

Griffith University ( email )

PMB 50
Gold Coast Queensland 9726
Australia

University of Mysore - Department of Commerce ( email )

Mysore
India

University of Cape Coast ( email )

PMB, UCC, GHANA
Department of English
Cape Coast, Central Region
Ghana

HOME PAGE: http://ucc.edu.gh

Dublin City University Business School ( email )

Dublin 9
Ireland

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