<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution 4.0 International License.

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...

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

Published Online: Jan 29, 2021

Page range: 1 - 21

Received: Jul 01, 2020

Accepted: Oct 01, 2020

DOI: https://doi.org/10.2478/sues-2021-0001

Keywords
Energy, Cost, Demand

© 2021 Anthony Orji et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

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

Published Online: Jan 29, 2021

Page range: 1 - 21

Received: Jul 01, 2020

Accepted: Oct 01, 2020

DOI: https://doi.org/10.2478/sues-2021-0001

KeywordsEnergy, Cost, Demand

© 2021 Anthony Orji et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Energy, Cost, Demand