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BUILT BYCerebrohives
BooksUNNECO 512

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ENERGY DEMAND AND COOKING ENERGY COST  IN AN OIL-RICH ECONOMY:  A NEW EVIDENCE FROM NIGERIA

ECO 512: ENERGY DEMAND AND COOKING ENERGY COST IN AN OIL-RICH ECONOMY: A NEW EVIDENCE FROM NIGERIA

ByAnthony Orji
SchoolUniversity of Nigeria, Nsukka
DepartmentEconomics
CategoryAcademic JournalsResearch Papers
Levels100200300400500600Post Graduate
₦ 3000
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Description

According to several recent studies, energy is seen as a commodity, due to the

fact that energy sector markets are more like commodity markets. Essentially, it serves as

an enabler of social and economic development and so cannot be neglected. This study,

therefore, estimated the impact of cooking energy cost on energy demand in Nigeria using

the ARDL model and quarterly data spanning from 1990-2018. The result from the study

showed that in the long-run both liquefied petroleum gas (LPG) price and kerosene price

has a negative impact on energy demand. In the short-run, the result remained the same for

kerosene while it reversed for LPG. The study, therefore, recommended that government

should enact policies that will moderate or minimize the cost of cooking energy and

enhance the removal of all forms of barriers in making cooking energy affordable to users

in the country.