Revisiting the Nexus between Renewable Energy Consumption and Economic Growth in Nigeria: The VECM Approach
Rebecca Folake Bank-Ola,
Olamide Micheal Adediwura,
Ifeoluwa Alao-Owunna
et al.
Abstract:The research investigates the effect of renewable energy consumption on economic growth as well as analyzing the dynamic relationship between both variables from 1990 to 2022. Annual secondary data covering the period between 1990 and 2022 were used in the study. Data on real gross domestic product, renewable energy consumption (% of total final energy consumption), gross capital formation (% of GDP), labor force, total and trade (% of GDP) were sourced from World Development Indicator. The study applies Johan… Show more
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