Theoretical and Applied Economics
No. 4 / 2022 (633), Winter
Energy consumption and economic growth nexus in Africa: New insights from emerging economies
University of Nigeria, Nigeria
Enoh Hilda OLELE
Delta State University, Nigeria
Ngozi Patricia BUZUGBE
Delta State Polytechnic, Nigeria
Abstract. With a potential energy crisis on the horizon in terms of huge energy demand-supply gap, the nature of the energy consumption level-economic growth nexus in 10 emerging economies in Africa. Utilizing a non-linear modeling technique between 1980 and 2020, the study found that Nigeria, South Africa, Ghana, Ethiopia, and Kenya have causal and co-integrated relationships. Several forms of causality were found across countries and timeframes. Among other policy implications, the study specifically shows that possibly due to country-specific characteristics, energy policies may not impact economic growth in Angola, Côte d'Ivoire, Benin, Congo DR and Cameroon. The need to design growth-stimulating energy policies was re-emphasized.
Keywords: Africa, economic growth, energy, consumption, ARDL.
Contents
- Development banks –
promoters of economic development?
Dan Costin NIŢESCU
Valentin MURGU
- The nexus between global oil prices and Islamic
and conventional stock markets in the developed
and developing countries
Tuğba KAYHAN
Mustafa UYSAL
- American bilateral trade with emerging economies
and its influence on world economic recovery post Covid-19:
Analysis through VECM
G.K. CHETAN KUMAR
K.B. RANGAPPA
SUCHITRA S
- Energy poverty and the vulnerable energy consumer
in Romania: A curious case of policy schizophrenia
Corina MURAFA
- A cross country analysis
of components of economic growth
through the growth accounting approach
Yashasvi PANDEY
C.R. BISHNOI
- Financial liberalization and economic growth:
The case of Algeria
Mohammed BENAZZA
Djahida LAYATI
- Financial inclusion in sub-Saharan Africa:
Benchmarking against peer developing countries
Mahamat Ibrahim AHMAT-TIDJANI
Brou Emmanuel AKA
- Government subsidies and income inequality in Algeria:
An analytical and empirical study
Siham MATALLAH
Lahouari BENLAHCENE
Amal MATALLAH
- An analysis of the effect
of widespread unemployment on corruption
Udit MAHESHWARI
Ashutosh PRIYA
Ravi Kumar GUPTA
- The Russia-Ukraine invasion toward increasing food security
threat for population:
An empirical study using T-GARCH model
Naima BENTOUIR
- Energy consumption and economic growth nexus in Africa:
New insights from emerging economies
Obukohwo Oba EFAYENA
Enoh Hilda OLELE
Ngozi Patricia BUZUGBE
- Two conditions which induce Giffen behavior
in any numerical analysis if applied
to the Wold-Juréen (1953) utility function
Robert SPROULE
Michael KARRAS
- How large is the size of Côte d'Ivoire's informal sector?
A MIMIC approach
Paul Vivien OYIBO
Friedrich SCHNEIDER
- Cost structures, technology levels and collusion
Suryaprakash MISHRA
- The trend of the economic evolution in Romania
in the context of crises
Constantin ANGHELACHE
Mădălina-Gabriela ANGHEL
Ștefan Virgil IACOB
Dana Luiza GRIGORESCU