DEFORESTATION AND ECONOMIC GROWTH IN NIGERIA: Empirical Analysis
- Olugboyega Alabi Oyeranti
- Oyedamola F. Taiwo
- ( paper pages. 367 - 395 )
Abstract
This study investigates the economic growth-deforestation nexus
with a view to ascertaining the existence of the environmental
Kuznets curve (EKC) in Nigeria. The study deployed the
Autoregressive Distributed Lag (ARDL) model and the Nonlinear
Autoregressive Distributed Lag (NARDL) model. The variables
used are net forest depletion (dependent) against real gross
domestic product per capita, energy use per capita, agricultural
raw materials export and agricultural land (independent). All data
used were sourced from the World Development Indicators Data
Bank (2019). Findings from the ARDL invalidated an inverted Ushaped EKC both in the short and long run estimations. However,
when the analysis was carried out at the level of the NARDL model,
the results indicated an inverted U-shaped EKC, suggesting that a
nonlinear relationship should be acknowledged between
deforestation and economic growth in Nigeria. The key
recommendation of this study is that exploitation of forest resources
must be consciously managed.
Citation
Olugboyega Alabi Oyeranti, Oyedamola F. Taiwo.
2022.
"DEFORESTATION AND ECONOMIC GROWTH IN NIGERIA: Empirical Analysis"
The Nigerian Journal of Economic and Social Studies,
64 (3): 367 - 395.
JEL Classification
F64, O13, O44, Q23
