Manuscript Details - IJARW1204

ManuScript Details
Paper Id: IJARW1204
Title: HYDROCARBON PRODUCTION,ENVIRONMENTAL DEGRADATION AND ECONOMIC DEVELOPMENT: A SYMMETRIC ANALYSIS FOR NIGERIA
Published in: International Journal Of All Research Writings
Publisher: IJARW
ISSN: 2582-1008
Volume / Issue: Volume 1 Issue 11
Pages: 12
Published On: 5/8/2020 5:06:25 AM      (MM/dd/yyyy)
Main Author Details
Name: Abiodun Adelegan
Institute: Federal University Otuoke
Co - Author Details
Author Name Author Institute
Emmanuel Otu Federal University Otuoke
Abstract
Research Area: Economics
KeyWord: Oil exploration, Environmental degradation, Economic Development, ARDL,Externalities
Abstract: This paper examined the impact of oil production and environmental degradation on economic development in Nigeria for the sample period of 1980 – 2018. The Autoregressive Distributed Lag modelling (ARDL) technique was used to examine the relationship among the variables. Findings from the model revealed that there is was direct and significant relationship between oil revenue and exchange rate on economic development while openness and CO2 emissions had direct but insignificant relationship with economic development in the long run. There was a direct and significant relationship between the independent variables and economic development in the short run. The study therefore recommended that effective regulation of oil production activities with the use of stiff sanctions (economic instruments). Also, efficient oil revenue management be vigorously pursued through deepening the sovereign national wealth fund to cushion the effects of global shocks such as the COVID-19 pandemic and oil price shocks.
Citations
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IEEE
Abiodun Adelegan, Emmanuel Otu, "HYDROCARBON PRODUCTION,ENVIRONMENTAL DEGRADATION AND ECONOMIC DEVELOPMENT: A SYMMETRIC ANALYSIS FOR NIGERIA", International Journal Of All Research Writings, vol. 1, no. 11, pp. 79-90, 2020.
MLA Abiodun Adelegan, Emmanuel Otu "HYDROCARBON PRODUCTION,ENVIRONMENTAL DEGRADATION AND ECONOMIC DEVELOPMENT: A SYMMETRIC ANALYSIS FOR NIGERIA." International Journal Of All Research Writings, vol 1, no. 11, 2020, pp. 79-90.
APA Abiodun Adelegan, Emmanuel Otu (2020). HYDROCARBON PRODUCTION,ENVIRONMENTAL DEGRADATION AND ECONOMIC DEVELOPMENT: A SYMMETRIC ANALYSIS FOR NIGERIA. International Journal Of All Research Writings, 1(11), 79-90.
HYDROCARBON PRODUCTION,ENVIRONMENTAL DEGRADATION AND ECONOMIC DEVELOPMENT: A SYMMETRIC ANALYSIS FOR NIGERIA
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HYDROCARBON PRODUCTION,ENVIRONMENTAL DEGRADATION AND ECONOMIC DEVELOPMENT: A SYMMETRIC ANALYSIS FOR NIGERIA

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