ANALYSIS OF NIGERIAN NATURAL GAS CONSUMPTION (1990 – 2020). A VECTOR ERROR CORRECTION MODEL APPROACH

نویسندگان

چکیده

This paper investigates the relationship between natural gas consumption, price, crude oil Foreign direct Investment and per capita GDP in Nigeria to ascertain their causal effects dependencies by using time series data from 1990 2020 an econometric platform Vector Error Correction model (VECM). The result of VECM estimate, Granger causality test Variance decomposition all suggest presence a strong positive correlation consumption economic growth (represented GDP) Nigeria, even though price is not determined. implies that policies encourage production goods services will tend boost Nigeria. Finally, foreign investment showed negligible impact on but was more impacted price. suggests rate influx into influenced international necessarily Nigerian things being equal.

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ژورنال

عنوان ژورنال: International journal of engineering technologies and management research

سال: 2022

ISSN: ['2454-1907']

DOI: https://doi.org/10.29121/ijetmr.v9.i1.2022.1075