On the Relationship Between Climate Change, Energy Use and Economic Growth in Nigeria
Resumen
The impact of climate change on the global economy is now in the front burner as the most significant threat facing mankind in the 21st century. The objective of the paper is to empirically examine the impact of climate change on energy use and economic growth in Nigeria. In order to realize the above objective, we raised two cross-cutting but interrelated questions: what is the nature of the relationship between climate change, energy use and economic growth? Is carbon emission an impediment to the attainment of enhanced economic productivity? In addressing these questions, we propose an analytical framework that allows for the dynamic inter-linkages between climate change, energy use and economic growth in the spirit of VAR analysis. This study relies on secondary data on climate change variables, energy use and economic growth spanning the period of 1980-2010. From the result, we found that there is joint granger causality running from energy use and climate change to GDP. This implies that energy use and climate jointly have a significant causality relationship with GDP. Again, the result shows a joint granger causality running from GDP and climate to energy use. We also found out that there is only a unilateral causality running from GDP to energy use.
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Referencias
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