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

Author

Listed:
  • Obukohwo Oba EFAYENA

    (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.

Suggested Citation

  • Obukohwo Oba EFAYENA & Enoh Hilda OLELE & Ngozi Patricia BUZUGBE, 2022. "Energy consumption and economic growth nexus in Africa: New insights from emerging economies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(633), W), pages 185-196, Winter.
    • Handle: RePEc:agr:journl:v:4(633):y:2022:i:4(633):p:185-196
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    References listed on IDEAS

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