Analysis Of The Price And Income Elasticities Of Energy Demand In Nigeria. (1980-2019)

86 pages ID: ECO0967

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DepartmentEconomics
TypeProject
Pages86
Reference StyleYES
FormatMS Word & PDF
Reference No.ECO0967

Abstract

ABSTRACT This study estimated price and income elasticities of energy demand in Nigeria. The objective of the study was to examine the responsiveness of demand for energy to changes in price of energy and per capita income in Nigeria. The demand for petroleum product (gasoline and diesel), proxy for energy demand is the dependent variable, while weighed average price for energy demand and per capita income are the independent variable. The study adopted regression analysis and vector error correction model to dichotomize the short run and long run in price and income of energy demand in Nigeri…

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