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 Nigeria, using annual time series data over a period of 1980-2019. The cointegration test revealed that there is significant long run relationship between energy demand, price and per capita income. the result of regression analysis showed that the price and income elasticity of energy demand are moderately inelastic in the short run while the long run elasticities indicate that price and income responsiveness to demand are relatively elastic. The policy implication is that demand side management, through price change will be ineffective in influencing the demand for energy in short run. Therefore, any policy effort on the part of government to manage energy demand should focus on supply side and long term policy impact on the aggregate economy that has the potential of affecting the overall economic activity and aggregate income
ABSTRACT
Malnutrition continues to be a significant public health and development concern globally. It is a serious problem because it is...
ABSTRACT
The efficacy and toxicity of several drugs is circadian-rhythm dependent, and this can be exploited as a guide to ameliorate suc...
BACKGROUND OF THE STUDY
School feeding is simply the provision of food to children through schools. According to...
Background to the Study
Nigeria’s federal legislative body, the National Assembly, consists of two...
ABSTRACT
The main objective of collection bargaining is essential to described negotiation about working conditions and...
BACKGROUND OF THE STUDY
Fraud can be described as a conscious premeditated action of a person or group...
BACKGROUND OF THE STUDY
The Council Recommendation of 12 July 1999 (2) on the limiting of exposure of t...
BACKGROUND OF THE STUDY
Agricultural Science is a science subject taught in Nigerian secondary schools...
ABSTRACT
This study was carried out to determine the influence of entry grades in economics and financial accounting on colleges of educa...
STATEMENT OF THE PROBLEM
It has been observed that in traditional method of teaching provides more or l...