Electricity consumption and economic growth: Evidence from Cameroon

Tamba, Jean Gaston; Nsouandélé, Jean Luc; Lélé, Armand Fopah; Sapnken, Flavian Emmanuel

doi:10.1080/15567249.2017.1349211

Cited by 30 publications

(22 citation statements)

References 19 publications

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“…In recent times, the world has experienced energy shortage. This phenomenon is due to the abrupt increase in global energy demand (Sekantsi & Okot, 2016;Tamba et al, 2017). This is because of the pivotal role energy (electricity) consumption plays in the stimulation of socioeconomic and economic activities of both developed and developing economies.…”

Section: Introductionmentioning

confidence: 99%

“…It is against the above-mentioned backdrops that this current study seeks to bridge the identified gap for the case of Nigeria. This study contributes to the literature in the following ways: (i) in terms of its scope by including carbon dioxide emissions to our econometrics framework; our econometrics framework is trivariate rather than bivariate, which is argued to be flawed with omitted variables (model misspecification), bias and a violation of the axioms of classical linear regression which previous studies investigated (Shahbaz & Feridun, 2012;Tamba et al, 2017); (ii) in terms of methodological innovation because it leverages on structural break methodology given the nature of most macroeconomic/financial data, which previous studies fail to address.…”

Section: Introductionmentioning

confidence: 99%

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Electricity Consumption and Economic Growth Nexus: Evidence from Maki Cointegration

Bekun

Agboola

2019

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The current study revisits the dynamic relationship between electricity consumption, real gross domestic product per capita and carbon dioxide emissions in Nigeria. To do this, we adopt the Zivot-Andrews (1992) unit root test to ascertain the stationarity properties of the interest variables. Maki (2012) cointegration test which accounts for multiple structural breaks is used for long-run equilibrium relationship between the variables while the long run regressions of dynamic ordinary least square (DOLS) and fully modified ordinary least square (FMOLS) for long-run coefficients as estimation techniques. The direction of causality is detected via the Toda-Yamamoto (1995) causality test for annual time series data from 1971-2014. Empirical evidence shows there exists a long-run equilibrium relationship between electricity consumption, real gross domestic product per capita and carbon dioxide emissions. The long-run regression suggests statistical significant and positive relationship between economic growth and electricity consumption. Thus, validating the electricity-induced growth hypothesis for Nigeria. According to the Toda-Yamamoto (1995) causality test, one-way causality is observed from electricity consumption to economic growth. This is in line with apriori expectation. However, there is an environmental implication of our study findings as electricity consumption spur increases carbon dioxide emissions. It is on the above premise that the study calls for diversification of Nigeria's energy portfolio to cleaner/environmental friendly sources like renewables.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Electricity Consumption and Economic Growth Nexus: Evidence from Maki Cointegration

Bekun

Agboola

2019

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“…According to Balcilar et al (2010); Dlamini et al (2015); Sekantsi and Okot (2016) and Tamba et al (2017) the shortage of energy in most economies throughout the world has recently increased rapidly. The demand for electricity is increasing day by day as it plays a key role in both developed and emerging countries social and economic development.…”

Section: Electricity In Pakistanmentioning

confidence: 99%

Impact of FDI and Electricity on the Economic Growth of Pakistan: A Long Run Cointegration and Causality Analysis

Qazi¹,

Alam

Ahmad³

et al. 2021

RWE

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Since the 1980s, analysts have been debating the effect of foreign direct investment (FDI) and electricity consumption (EC) on the economic growth (GDP) of developing countries. The purpose of the study is to estimate the long-run relationship between FDI, electricity consumption and GDP of Pakistan for the period of 1971 to 2017, using ARDL bounds testing, FMOLS and Canonicals cointegration regression. For causality analysis, the study uses a VECM approach for short-run causality directions and MWALD/Toda Yamamoto approach for the long-run causality directions. The cointegration results of all the approaches state that there exists a positive and significant long-run relationship between the concerned variables. The impact of electricity consumption on economic growth is very strong as compared to FDI. Moreover, in the short-run, there is a unidirectional causality running from FDI to GDP and GDP to EC. In the long-run causality, the study finds unidirectional causality for FDI and bidirectional causality for EC with GDP.

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“…The challenge therefore lies in providing affordable, clean, and reliable energy sources that promote industrialization and sustainable development in the country. A study done by Tamba et al (2017) affirms that in the current context electricity consumption in Cameroon has no effect on its economic development, due to the numerous problems plaguing the sector.…”

Section: Introductionmentioning

confidence: 98%

Empirical Analysis of Electricity Consumption, Co2 Emissions and Economic Growth: Evidence From Cameroon

Njoke

Wu²,

Tamba³

2019

IJEEP

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This paper investigates the relationship between electricity consumption, carbon emissions and economic growth in Cameroon during the period 1971-2014. Results from autoregressive distributed lag bounds test, confirms a positive and significant short-run as well as a long-run relationship between CO 2 emissions and economic growth. Prior to the application of Toda and Yamamoto Granger causality test, the results reveal a unidirectional causality running from CO 2 emissions to economic growth. Furthermore, the environmental Kuznets curve hypothesis shows existence of an inverted U-shaped curve relating carbon emissions rise to the continuous economic evolvement in Cameroon. However, a neutrality hypothesis holds between electricity consumption and economic growth for the period under study. The government energy policy regulations should, hereby be geared at reducing greenhouse gas emissions from thermal power plants by boosting the evolution of other sources of renewable energy, which will lead to the amelioration of electricity access rates in the country.

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Electricity consumption and economic growth: Evidence from Cameroon

Cited by 30 publications

References 19 publications

Electricity Consumption and Economic Growth Nexus: Evidence from Maki Cointegration

Electricity Consumption and Economic Growth Nexus: Evidence from Maki Cointegration

Impact of FDI and Electricity on the Economic Growth of Pakistan: A Long Run Cointegration and Causality Analysis

Empirical Analysis of Electricity Consumption, Co2 Emissions and Economic Growth: Evidence From Cameroon

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