Testing the triple deficit hypothesis for sub‐Saharan Africa: Implications for the African Continental Free Trade Area

Okafor, Samson Nonso; Ekesiobi, Chukwunonso; Ifebi, Ogonna E.; Dimnwobi, Stephen Kelechi; Asongu, Simplice

doi:10.1111/1467-8268.12616

Cited by 12 publications

(4 citation statements)

References 25 publications

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“…This indicates that when energy prices increase, electricity access, rural electrification, urban electrification, renewable energy generation and consumption will ascend as well. Due to the income and substitution effects of price changes, our findings counters economic theory, which states that a rise in the price of an item produces a drop in the quantity demanded for that commodity, and vice versa (Kwakwa, 2020; Okafor et al , 2022). The plausible explanation for our results is owing to the unavailability and unreliability of Nigeria’s grid power supply, and as a result, electricity consumers in the country are probably willing to pay more whenever power is available because it is cheaper and environmentally friendly than off-grid options (Kalu et al , 2020; Omoju et al , 2020; Dimnwobi et al , 2022).…”

Section: Findings and Discussioncontrasting

confidence: 87%

Does public capital expenditure reduce energy poverty? Evidence from Nigeria

Dimnwobi

Onuoha²,

Uzoechina

et al. 2022

IJESM

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Purpose Given the ever-growing fiscal commitments of Nigeria and her chequered history of electricity generation and distribution, the fortunes of the energy sector in the country have been affected by the prevalence of energy poverty. Government policies such as public capital expenditure (PCE) present a crucial option for reducing energy poverty in Nigeria, providing the purpose of this study. Design/methodology/approach To investigate the relationship between government capital spending and five distinct energy poverty proxies, this research applies the Bayer–Hanck cointegration system and the auto-regressive distributed lag (ARDL) bound test. Findings The findings indicate that public capital spending in Nigeria worsens energy poverty by reducing access to electricity, urban electrification, renewable energy consumption and renewable electricity generation, with a positive but insignificant influence on rural electrification. Originality/value This inquiry presents a pioneering investigation of the nexus between PCE and energy poverty in Nigeria. Also, aside from the variables of energy poverty adopted by existing studies, this study incorporates renewable energy consumption and renewable electricity output with implications for energy poverty and sustainable development.

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Section: Findings and Discussioncontrasting

confidence: 87%

Does public capital expenditure reduce energy poverty? Evidence from Nigeria

Dimnwobi

Onuoha²,

Uzoechina

et al. 2022

IJESM

Self Cite

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show abstract

“…3) The results of the benchmark analysis in the same table indicated that the number of mobile and wireless lines is statistically morale and affects GDP by (2.04%) in the long term. [15], [16], [17], [18], [19], [20], [21], [22], [23], [24], [25], [26], [27], [28], [29], [30] 4) The Internet intensity index per 100 people was statistically moral and influenced GDP by 1.48% in the long term.…”

Section: Discussionmentioning

confidence: 99%

Measuring and Analyzing the Impact of ICT Applications on GDP using ARDL Methodology: Iraq Case Study

Al-Husayny

2024

Aca. Jour. D. Econ. Stabl.

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The fourth digital revolution is one of the most prominent events of the current century. One of the most prominent manifestations of this revolution is the progress made in ICT applications. ICT has a direct impact on human life, and the current study aims to clarify what ICT is by studying and analyzing some applications directly related to ICT and its impact on the composition of Iraq's GDP during the period. (2010-2022), as the study relied on a time-series analysis of ICT components (Number of personal computers used per 100 people, Internet usage density per 100 people, and finally number of mobile and wireless telephone lines activated). The study examined the time series of GDP at constant prices for the period in question. The study used the methodology of slowing down time gaps. (ARDL) to analyze the effects of ICT applications on the composition of GDP. The study showed a long-term moral impact relationship between the number of mobile and wireless lines and GDP. Between the Internet intensity index per 100 people and GDP. In the short term, measurement and analysis results showed that the independent variable (GDP) was only affected by the variable number of personal computers per 100 people and the effect was negative according to the results.

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“…The removal of trade barriers and the harmonization of trade rules and regulations under the AfCFTA agreement can significantly increase intra‐African trade. It is estimated that the agreement has the potential to boost intra‐African trade (Bouet et al, 2019; Okafor et al, 2022; Umulisa, 2020). Overall, the AfCFTA agreement represents a transformative opportunity for Africa to reshape its economic landscape and enhance its global competitiveness.…”

Section: Literature Reviewmentioning

confidence: 99%

Growth, fiscal and welfare implications of trade liberalization in Africa: A macro‐micro modeling assessment of the Senegalese economy

Diallo,

D'Haese,

Buysse

2024

African Development Review

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The African Continental Free Trade Area (AfCFTA) has been hailed as a key pillar and catalyst for economic growth, industrialization, and sustainable development in Africa. One of the anticipated benefits is the promise to increase intra‐African trade through the elimination of import duties and other tariffs among countries. However, due to the heterogeneity between the African countries, questions remain as to whether each country will benefit from tariff elimination. This paper aims to evaluate the macroeconomic, fiscal, and welfare consequences of import tax removal in Senegal with the rest of Africa. We link an extended version of the partnership for economic policy (PEP) static computable general equilibrium (CGE) model with a non‐parametric microsimulation approach. We calibrate the model with Senegal's most recent Social Accounting Matrix. The microeconomic model is calibrated using the latest Senegalese household consumption survey. The findings indicate that tariff removal from the rest of Africa has favorable economic, fiscal, and welfare impacts for Senegal. The paper suggests that it will lead to an increase in economic growth and investment. The removal of tariffs is expected to favor urban households over rural ones and leads to a modest decrease in income inequality, accompanied by a 3.36% reduction in the number of poor.

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Testing the triple deficit hypothesis for sub‐Saharan Africa: Implications for the African Continental Free Trade Area

Cited by 12 publications

References 25 publications

Does public capital expenditure reduce energy poverty? Evidence from Nigeria

Does public capital expenditure reduce energy poverty? Evidence from Nigeria

Measuring and Analyzing the Impact of ICT Applications on GDP using ARDL Methodology: Iraq Case Study

Growth, fiscal and welfare implications of trade liberalization in Africa: A macro‐micro modeling assessment of the Senegalese economy

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