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ECONOMIC GROWTH AND POLLUTION IN NIGERIA: AN ECONOMETRIC ASSESSMENT

European Journal of Economic and Financial Research

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Title ECONOMIC GROWTH AND POLLUTION IN NIGERIA: AN ECONOMETRIC ASSESSMENT
 
Creator Aghanenu, Augustine Sunday
Uffie, Edison James
 
Subject carbon dioxide, nitrous oxide, methane oxide, Pigouvian tax
 
Description This work examined the relationship between economic growth and pollution in the Nigerian context using econometric approach. It utilized secondary (time-series) data culled from World Development Indicators (WDI). The study employed the methodology of descriptive statistics, unit root test and Cointegration. The study unit root test revealed that all variables in this study were stationary at first difference 1(1). However, the Trace and Maximum Eigenvalue showed that there was common stochastic drift among the variables. Hence, the Johansen Test of Cointegration showed that long-run equilibrium relationship existed among the variables utilized. Also, the Normalized Cointegrating Coefficients indicated that carbon dioxide (CO2) and nitrogen oxide (NO2) emissions undermined GDP per capita in the long-run while methane (CH4) significantly promoted it. The study recommended that carbon dioxide (C02) should be abated by firms and companies by installing sequestration machines and the adoption of pollution emissions friendly production techniques. It also suggested the imposition of Pigouvian tax on combustion emitters by the government while the use of methane (CH4) oxide has to be encouraged to enhance productivity and output growth.  JEL: O43, O44, R11  Article visualizations:
 
Publisher European Journal of Economic and Financial Research
 
Contributor —
 
Date 2018-12-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier https://oapub.org/soc/index.php/EJEFR/article/view/487
 
Source European Journal of Economic and Financial Research; Volume 3, Issue 2, 2018
2501 - 3430
2501 - 9430
 
Language eng
 
Relation https://oapub.org/soc/index.php/EJEFR/article/view/487/1068
 
Rights Copyright (c) 2018 Augustine Sunday Aghanenu, Edison James Uffie
http://creativecommons.org/licenses/by/4.0