The Effect of Gasoline Price on Economic Sectors in Nigeria

作者: Akinyemi Alao Ajibola , Philip Ifeakachukwu Nwosa

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摘要: This paper examined the long-run and short-run relationship between gasoline price sectoral output in Nigeria for period from 1980 to 2010. Six sectors (agriculture; manufacturing; building construction; wholesale retail; transportation communication) of economy were examined. The long run regression estimate showed that is a significant determinant all with exception construction sector while short error correction revealed only agriculture manufacturing Nigerian affect by increase run. study recommended among others need government ensure adequate power supply order reduce over reliance economics on as prime source power. Keywords: Gasoline Price; Sectoral Output; Error-Correction Method; Nigeria. JEL Classifications: Q43

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