Have a personal or library account? Click to login
Energy Demand and Cooking Energy Cost in an Oil-Rich Economy: A New Evidence from Nigeria Cover

Energy Demand and Cooking Energy Cost in an Oil-Rich Economy: A New Evidence from Nigeria

Open Access
|Jan 2021

Abstract

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.

DOI: https://doi.org/10.2478/sues-2021-0001 | Journal eISSN: 2285-3065 | Journal ISSN: 1584-2339
Language: English
Page range: 1 - 21
Submitted on: Jul 1, 2020
Accepted on: Oct 1, 2020
Published on: Jan 29, 2021
Published by: Vasile Goldis Western University of Arad
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year
Keywords:

© 2021 Anthony Orji, Stephen Obinozie Ogwu, Peter Nwachukwu Mba, Onyinye Imelda Anthony-Orji, published by Vasile Goldis Western University of Arad
This work is licensed under the Creative Commons Attribution 4.0 License.