Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.10.021 |
Shocks effects of macroeconomic variables on natural gas consumption in Nigeria: Structural VAR with sign restrictions | |
Galadima, Mukhtar Danladi1; Aminu, Abubakar Wambai2 | |
2019-02-01 | |
发表期刊 | ENERGY POLICY
![]() |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 125页码:135-144 |
文章类型 | Article |
语种 | 英语 |
国家 | Nigeria |
英文摘要 | This paper has examined the transmission of shocks from macroeconomic variables, namely money supply, inflation, exchange rate and real GDP onto natural gas consumption using Structural VAR (SVAR) model with sign restrictions. The results revealed that both in the short run and long run, natural gas consumption responds significantly to the shocks emanating from money supply and real GDP while its response to inflation shock is significant only in the short run but exchange rate shock is not significant. However, money supply has contributed greater proportion of the shocks followed by the real GDP, inflation and exchange rate in the ordering of the variance decomposition. The paper recommends that Nigerian authorities adjust the monetary policy tools towards regulating the money supply and checking the inflation rate to ensure increased demand for natural gas and sustained economic growth. On the response of natural gas consumption to the shock in the exchange rate, since the shock is positive though insignificant, it implies that depreciation of the exchange rate can discourage the demand for foreign exchange, imports and, boost the local production which would reciprocally lead to more natural gas consumption and improved growth in the country. |
英文关键词 | Macroeconomic variables Natural gas consumption Sign restricted SVAR |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000456758600013 |
WOS关键词 | ENERGY ; DEMAND ; CHINA |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/16866 |
专题 | 气候变化 |
作者单位 | 1.Fed Univ Dutse, Fac Arts & Social Sci, Dept Econ & Dev Studies, PMB 7156, Dutse, Jigawa State, Nigeria; 2.Bayero Univ Kano, Fac Social & Management Sci, Dept Econ, PMB 3011, Kano, Kano State, Nigeria |
推荐引用方式 GB/T 7714 | Galadima, Mukhtar Danladi,Aminu, Abubakar Wambai. Shocks effects of macroeconomic variables on natural gas consumption in Nigeria: Structural VAR with sign restrictions[J]. ENERGY POLICY,2019,125:135-144. |
APA | Galadima, Mukhtar Danladi,&Aminu, Abubakar Wambai.(2019).Shocks effects of macroeconomic variables on natural gas consumption in Nigeria: Structural VAR with sign restrictions.ENERGY POLICY,125,135-144. |
MLA | Galadima, Mukhtar Danladi,et al."Shocks effects of macroeconomic variables on natural gas consumption in Nigeria: Structural VAR with sign restrictions".ENERGY POLICY 125(2019):135-144. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论