Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)

José Alberto Fuinhas () and António Marques ()

Energy Policy, 2013, vol. 62, issue C, 1165-1171

Abstract: The Algerian economy is an example of a high level of rentierism, while the Egyptian economy shows a low/moderate level of rentierism. The ARDL bounds test approach was used upon annual time series data from 1965 to 2010. The results suggest cointegration for both countries. Bi-causality between energy consumption and growth in the long run was found. For Algeria there is a reversed (negative) energy–growth nexus, adding a new relationship to the traditional four causal hypotheses on the energy–growth nexus. For Egypt, we found positive elasticity both of oil price and energy, which is in line with the mainstream.

Keywords: Rentierism; Energy–growth nexus; ARDL bounds test (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (34)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:62:y:2013:i:c:p:1165-1171

DOI: 10.1016/j.enpol.2013.07.082

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