Energy consumption and economic growth nexus in Africa: New insights from emerging economies

Obukohwo Oba Efayena, Enoh Hilda Olele and Ngozi Patricia Buzugbe
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Obukohwo Oba Efayena: University of Nigeria, Nigeria
Enoh Hilda Olele: Delta State University, Nigeria
Ngozi Patricia Buzugbe: Delta State Polytechnic, Nigeria

Theoretical and Applied Economics, 2022, vol. XXIX, issue 4(633), Winter, 185-196

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. (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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