Dynamic panel modelling of electricity consumption and Economic Community of West African States (ECOWAS)

Inuwa, Nasiru; Adamu, Sagir; Saidu, Abubakar Mohammed; Sani, Muhammad Bello

doi:10.1111/opec.12150

Cited by 5 publications

(6 citation statements)

References 26 publications

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“…This suggests that a 1% rise in the labour force will stimulate EG to rise by 0.72% in the short and 0.30% in the long run. This finding corroborate with the studies of Lee and Chang (2008), Inuwa et al (2016), Apergis and Payne (2009) and Inuwa et al (2019). Furthermore, the coefficient of gross fixed capital formation has also been found to have influenced EG positively in not only short but long run.…”

Section: Empirical Results and Discussionsupporting

confidence: 91%

Oil and growth nexus: fresh evidence from top-ten oil producing countries

Inuwa,

Adamu,

Maina

et al. 2023

IJEGN

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Oil as one of the most frequently used categories of energy resources has also been viewed as a critical factor of production coequal to labour and capital. Thus, oil consumption is linked to many economic activities and any energy policies might likely affect this relationship. This study examines the nexus between oil consumption and economic growth by controlling for labour and capital within the framework of a modified aggregate production function in the top-ten oil producing countries in the world during the period 1990-2015. The study applied a recently developed cross-sectional augmented autoregressive distributed lag (CS-ARDL) model and Dumitrescu-Hurlin Granger causality test. The empirical result revealed that oil consumption 4 N. Inuwa et al. stimulates economic growth in both short and long run. Similarly, the study shows that capital and labour significantly stimulate economic growth in not only the short but also long run. The causality results also unravelled a feedback causality relationship between oil consumption, labour, and economic growth. However, there is unidirectional causality running from economic growth to capital. Therefore, the policy implication of this study suggests that any oil conservation policies initiated by the government of the top-ten oil producing countries may be detrimental to their economic growth and development.

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Section: Empirical Results and Discussionsupporting

confidence: 91%

Oil and growth nexus: fresh evidence from top-ten oil producing countries

Inuwa,

Adamu,

Maina

et al. 2023

IJEGN

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show abstract

“…In Kazakhstan, Khan et al (2018) investigated the relationship between electricity consumption and economic growth by incorporating trade openness, capital and labour in Kazakhstan's production function using annual data for 1991-2014 and revealed Granger's electricity consumption causes economic growth and trade openness. Inuwa et al (2019) examined the economic growth of the Economic Community of Western African States (ECOWAS) in 2007-2016 in relation to the effect of electricity consumption and disclosed that both static and dynamic panel-based models had a positive and statistically significant impact on economic growth.…”

Section: Present Scenario Of Indian Power Sectormentioning

confidence: 99%

“…Inuwa et al . (2019) examined the economic growth of the Economic Community of Western African States (ECOWAS) in 2007–2016 in relation to the effect of electricity consumption and disclosed that both static and dynamic panel‐based models had a positive and statistically significant impact on economic growth.…”

Section: Introductionmentioning

confidence: 99%

Does any relationship between energy consumption and economic growth exist in India? A var model analysis

Singh

Vashishtha

2020

OPEC Energy Review

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Energy is the lifeblood of the global economy, a key input to almost all the goods and services of the modern world. The primary objective of this study is to examine the relationships between per capita energy consumption and per capita GDP in India from 1970-1971 to 2014-2015. The data analysis was conducted using the three-stage Johnson cointegration, vector autoregression and Granger causality test. The results of the study documented that there was the presence of unidirectional causality running from per capita GDP to per capita energy consumption and the absence of a long-term equilibrium relationship between per capita energy consumption and per capita GDP in India. More significantly, India has already demonstrated an impressive ability to develop, deploy, replicate and scale up innovative, market-based approaches to energy efficiency. The country has an excellent basis for further energy efficiency policy innovation and market creation, including a strong community of non-governmental organisations, research institutes and think tanks active in energy efficiency.

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“…For instance, Sekantsi and Okot (2016) in Uganda, Tursoy and Resatoglu (2016) in Russia founds bidirectional relationship, Aboagye (2017) in Ghana reported a valid long-term nexus, Khan et al (2018) in Kazakhstan, Magazzino (2018) in Italy, Inuwa et al (2019) in Economic Community of Western African States and Singh and Vashishtha (2020) in India also had reported different results.…”

Section: Rationale For the Studymentioning

confidence: 99%

Relationship trend of energy consumption and economic growth studies: a global examination based on bibliometric and visualization analysis

Singh

Vashishtha

2022

IJESM

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Purpose The evidence on the causality of energy consumption and economic growth nexus is plentiful in energy economics studies. The empirical research results documented are dissimilar because different methodologies, variables, time or data sources have been used. This study aims to examine and evaluate the existing literature to reveal the research inclinations, including future research directions. Therefore, from an application perspective, this study performed a bibliometric analysis that can serve as a basis for understanding research trend in relation to nexus of energy consumption and economic growth, its comprehensive research outcomes and the growing research inclination. Design/methodology/approach Using keyword search and delimiting criteria, 969 articles are selected for bibliometric analysis. Citation analysis, author keyword co-occurrence analysis, co-authorship and co-citation analysis are performed to assess the productive countries, authors, journals, articles, energy research trends, collaborating scholars and more frequently cited together articles. Findings Research results of the paper present a comprehensive research understanding of energy consumption and economic growth nexus studies. In terms of trending research topics, sustainable development, population density, urbanization, energy efficiency, energy intensity and carbon emission constitute a distinguished association that indicates the growth of these diverse fields’ study about energy. Practical implications As a policy implication and direction, the trade openness, natural gas/ resources, environmental kuznets curve, fossil-fuel consumption, agricultural land, financial development and foreign investments can be studied along with energy usage and economic growth nexus studies. Social implications The results provide valuable insight for the researchers selecting their potential disciplines for study, combining various techniques to deal with complex problems, identifying prospective co-authors and identifying the appropriate institutes for accompanying academic studies or collaborative research. Originality/value To the best of the author’s knowledge, this study is one of its kind regarding investigating the trend of energy consumption and economic growth relationship-related research published from 2001 to 2020 on the Scopus database.

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Dynamic panel modelling of electricity consumption and Economic Community of West African States (ECOWAS)

Cited by 5 publications

References 26 publications

Oil and growth nexus: fresh evidence from top-ten oil producing countries

Oil and growth nexus: fresh evidence from top-ten oil producing countries

Does any relationship between energy consumption and economic growth exist in India? A var model analysis

Relationship trend of energy consumption and economic growth studies: a global examination based on bibliometric and visualization analysis

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