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| DOI | 10.1016/j.enpol.2021.112260 |
| Gas flaring, ineffective utilization of energy resource and associated economic impact in Nigeria: Evidence from ARDL and Bayer-Hanck cointegration techniques | |
| Okoro E.E.; Adeleye B.N.; Okoye L.U.; Maxwell O. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 153 |
| 英文摘要 | This study aligns with Sustainable Development Goal 7 which aims at “ensuring access to affordable, clean energy, reliable, sustainable and modern energy for all”. The Gazetted Flare Gas Regulations 2018 provides a legal framework to support the policy objectives of the Federal Government for the reduction of Green House Gas emissions through the flaring and venting of natural gas. The Regulations provide the legal basis for the implementation of the Nigerian Gas Flare Commercialization Programme. This study investigates the factors contributing to gas flaring activities in Nigeria from 1970 to 2019. Using the autoregressive distributed lag error correction representation and cointegration techniques, findings reveal, among others, that in the long-run: (1) gas flaring activities is persistent; (2) economic growth induces flaring activities; (3) gas prices exert asymmetric impact; (4) gas utilization and fossil fuel are negative predictors. The result shows that gas price contemporaneously exerts positive and statistically significant impact at the 1% level. Gas price contributes 0.187 percent increase to gas flaring while its first lag induces significant reduction in gas flaring by 0.293 percent at 1 percent level of significance. This study also provides sufficient evidence on the persistency of gas flaring activities in Nigeria. © 2021 Elsevier Ltd |
| 关键词 | Autoregressive distributed lagCointegrationEconomic growthFossil fuelGas flaringGas pricesGas utilization |
| 英文关键词 | Costs; Economics; Error correction; Gas emissions; Greenhouse gases; Laws and legislation; % reductions; Autoregressive distributed lag; Cointegration; Economic growths; Energy; Flaring activity; Gas flaring; Gas price; Gas utilization; Nigeria; Fossil fuels; cointegration analysis; economic growth; economic impact; energy resource; fossil fuel; natural gas; Sustainable Development Goal; Nigeria |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205280 |
| 作者单位 | Department of Petroleum Engineering, Covenant University, Ota, Nigeria; Department of Economics and Development Studies, Covenant University, Nigeria; Department of Banking and Finance, Covenant University, Ota, Nigeria; Department of Physics, College of Science and Technology, Covenant University, Ota, Nigeria |
| 推荐引用方式 GB/T 7714 | Okoro E.E.,Adeleye B.N.,Okoye L.U.,et al. Gas flaring, ineffective utilization of energy resource and associated economic impact in Nigeria: Evidence from ARDL and Bayer-Hanck cointegration techniques[J],2021,153. |
| APA | Okoro E.E.,Adeleye B.N.,Okoye L.U.,&Maxwell O..(2021).Gas flaring, ineffective utilization of energy resource and associated economic impact in Nigeria: Evidence from ARDL and Bayer-Hanck cointegration techniques.Energy Policy,153. |
| MLA | Okoro E.E.,et al."Gas flaring, ineffective utilization of energy resource and associated economic impact in Nigeria: Evidence from ARDL and Bayer-Hanck cointegration techniques".Energy Policy 153(2021). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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