ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019)
📄 Project 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 t...
🔍 Key Research Areas Covered
- ✅ Literature Review & Theoretical Framework
- ✅ Research Methodology & Data Collection
- ✅ Data Analysis & Statistical Methods
- ✅ Findings & Results Discussion
- ✅ Recommendations & Conclusions
- ✅ References & Bibliography
📚 Complete Project Structure
- Problem Statement & Objectives
- Theoretical Framework & Related Studies
- Data Collection & Analysis Methods
- Findings & Statistical Analysis
- Recommendations & Future Research
- Questionnaires, Data, References
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ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019)
Full Citation:
UMMUSALAMAH O. DANJUMA. (). ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019). African and General Studies, 40, 14858.
Citation Formats:
APA
UMMUSALAMAH O. DANJUMA. (). ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019). African and General Studies, 40, 14858.
MLA
UMMUSALAMAH O. DANJUMA. "ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019)." African and General Studies, vol. 40, , pp. 14858.
Chicago
UMMUSALAMAH O. DANJUMA. "ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019)." African and General Studies 40 (): 14858.
Full Citation:
UMMUSALAMAH O. DANJUMA. (). ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019). African and General Studies, 40, 14858.
Citation Formats:
APA
UMMUSALAMAH O. DANJUMA. (). ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019). African and General Studies, 40, 14858.
MLA
UMMUSALAMAH O. DANJUMA. "ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019)." African and General Studies, vol. 40, , pp. 14858.
Chicago
UMMUSALAMAH O. DANJUMA. "ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019)." African and General Studies 40 (): 14858.
Document Details
| Author | UMMUSALAMAH O. DANJUMA |
|---|---|
| 📁 Field | Economics Project Topics |
| 🏷️ Type | Social Sciences project topics |
| Pages | 86 Pages |
| Words | 17606 words |
| 📘 Chapters | 1 to 5 Chapters |