Energy consumption and economic growth revisited in African countries

Abstract

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On the causality and determinants of energy and electricity demand in South Africa: A review

“…Based on the discussion on the international literature's findings, the fact that the studies' conclusions for the South African case vary is not surprising. For example, Al-mulali and Sab (2012) and Eggoh et al (2011) confirm that energy consumption causes economic growth, while Esso (2010) concluded exactly the opposite. Interestingly, Kahsai et al(2012) found that there is not relationship in the short-run (neutrality hypothesis) but a bidirectional causality exists in the long-run (feedback hypothesis).…”

“…Balcilar et al (2010) also argues that the reason behind the variability is partially the sample periods covered, especially for studies that include the 1980s, due to the relatively small data span and secondly because of the structural or regime changes. These structural breaks when omitted can lead to misspecifications and false results (Eggoh et al, 2011).…”

Resolving the energy-growth nexus in South Africa

“…Therefore, policy measures directed at energy consumption and economic growth would suffice to impact the broader economy. An energy growth nexus for 21 African countries for the period 1970-2006, using panel cointegration and causality, was concluded (Eggoh, Bangake & Rault 2011). Results concluded that an increase or decrease of energy consumption lead to an increase or decrease of economic growth; similarly, when economic growth does likewise, electricity consumption will react as such; hence, the relationship is bidirectional.…”

Türki̇ye’de Enerji̇ Tüketi̇mi̇ İle Ekonomi̇k Büyüme Arasindaki̇ İli̇şki̇ni̇n Ekonomi̇k Anali̇zi̇

“…Dolayısıyla enerji tüketimi-büyüme ilişkisinin üzerine ampirik literatürde karışık sonuçlar ortaya çıkmıştır. Yu and Choi (1985), Ferguson (2000), Toman and Jemelkova (2003) enerji tüketimi-büyüme ilişkisi üzerine çalışmalarıyla katkıda bulunmuşlar ve bazı noktalara işaret etmişlerdir: Enerji tüketimi ve büyüme arasındaki ilişki hakkında net bir fikir birliği olmamaktadır. Bunun nedeni bir ülke içindeki iklim koşulları, değişik enerji tüketimi kalıpları, enerji tüketiminin yapısı ve ekonomik gelişme aşamaları gibi heterojen faktörlerden kaynaklanır.…”