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Energy consumption, prices and economic growth in three SSA countries: A comparative study

Show simple item record Odhiambo N.M. en 2012-11-01T16:31:21Z 2012-11-01T16:31:21Z 2010 en
dc.identifier.citation Energy Policy en
dc.identifier.citation 38 en
dc.identifier.citation 5 en
dc.identifier.issn 3014215 en
dc.identifier.other 10.1016/j.enpol.2009.12.040 en
dc.description.abstract In this paper we examine the causal relationship between energy consumption and economic growth in three sub-Saharan African countries, namely South Africa, Kenya and Congo (DRC). We incorporate prices as an intermittent variable in a bivariate setting between energy consumption and economic growth-thereby creating a simple trivariate framework. Using the ARDL-bounds testing procedure, we find that the causality between energy consumption and economic growth varies significantly across the countries under study. The results show that for South Africa and Kenya there is a unidirectional causal flow from energy consumption to economic growth. However, for Congo (DRC) it is economic growth that drives energy consumption. These findings have important policy implications insofar as energy conservation policies are concerned. In the case of Congo (DRC), for example, the implementation of energy conservation policies may not significantly affect economic growth because the country's economy is not entirely energy dependent. However, for South Africa and Kenya there is a need for more energy supply augmentations in order to cope with the long-run energy demand. In the short-run, however, the two countries should explore more efficient and cost-effective sources of energy in order to address the energy dependency problem. © 2009 Elsevier Ltd. All rights reserved. en
dc.language.iso en en
dc.subject Economic growth; Energy consumption; Sub-Saharan Africa Bivariate; Bounds testing; Causal relationships; Comparative studies; Economic growths; Energy conservation policy; Energy consumption; Energy demands; Energy dependency; Energy dependent; Energy supplies; Policy implications; Sources of energy; South Africa; Sub-Saharan; Sub-Saharan Africa; Trivariate; Competition; Energy conservation; Energy management; Economics; comparative study; demand-side management; economic growth; energy conservation; energy efficiency; energy market; energy planning; energy policy; Congo; Kenya; South Africa en
dc.title Energy consumption, prices and economic growth in three SSA countries: A comparative study en
dc.type Article en

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