Energy consumption, economic growth and energy transition in Africa: A cross‐sectional dependence analysis

By adopting Westerlund's panel cointegration test, and the panel Granger, non‐causality test, this study investigates the long‐run and causal relationship between energy consumption and economic growth and energy transition in Africa. The test took into account cross‐sectional dependency for fi...

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Bibliographic Details
Published in:OPEC energy review 2022-12, Vol.46 (4), p.502-514
Main Authors: Omaye, Solomon Ochada, Sa'ad, Suleiman, Hamma Adama, Ahmad, Dotti, Rakiya
Format: Article
Language:English
Subjects:
Capital
Capital stock
Causality
Dependency
Economic analysis
Economic development
Economic growth
Economics
Energy
Energy consumption
Energy transition
Labour
Stocks
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Summary:By adopting Westerlund's panel cointegration test, and the panel Granger, non‐causality test, this study investigates the long‐run and causal relationship between energy consumption and economic growth and energy transition in Africa. The test took into account cross‐sectional dependency for five African areas from 1990 to 2018. The models additionally contain labour and capital stocks to investigate causality and cointegration in the areas. The cross‐sectional dependency test shows that the African region sample is cross‐sectionally correlated. The panel cointegration test shows evidence of a long‐run relationship between economic growth, energy consumption, labour and capital stock in all areas. The non‐causality result shows a uni‐directional causality from economic growth to energy use.
ISSN:1753-0229
1753-0237
DOI:10.1111/opec.12271