2017
DOI: 10.1007/s11135-017-0480-0
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How energy consumption affects economic development in select African countries

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Cited by 11 publications
(3 citation statements)
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“…Then, they also conclude that financial development mitigates carbon emissions in high-income countries but has the opposite effect on low-and middle-income groups. However, Zaidi et al [24] using FMOLS and Dynamic Ordinary Least Squares Estimator (DOLS), did not find a two-way causality relationship between energy consumption and economic growth. As with Mahmoodi [18]'s study, using panel cointegration and causality, the panel vector error correction model found a unidirectional causality of GDP and energy consumption.…”
Section: Literature Reviewmentioning
confidence: 98%
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“…Then, they also conclude that financial development mitigates carbon emissions in high-income countries but has the opposite effect on low-and middle-income groups. However, Zaidi et al [24] using FMOLS and Dynamic Ordinary Least Squares Estimator (DOLS), did not find a two-way causality relationship between energy consumption and economic growth. As with Mahmoodi [18]'s study, using panel cointegration and causality, the panel vector error correction model found a unidirectional causality of GDP and energy consumption.…”
Section: Literature Reviewmentioning
confidence: 98%
“…Various scholarly inquiries have acknowledged the significance of utilizing renewable and non-renewable energy sources with economic growth and competitiveness [20,24,25]. Energy is an essential resource for producers, as it plays a critical role in setting production costs and subsequently impacts consumer pricing levels.…”
Section: Literature Reviewmentioning
confidence: 99%
“…There is empirical evidence that such a deficiency in electricity supply undermines growth in developing economies (e.g. Atems and Hotaling, 2018;Zaidi et al, 2018;Cole et al, 2018;Cook, 2011;Ferguson, et al, 2000;Davis, 1998). This problem is an even bigger challenge when viewed in the context that smallholder farmers, who are mostly rural dwellers, produce as much as 80 percent of food in Sub-Saharan Africa and Asia (Alliance for a Green Revolution in Africa [AGRA], 2017); and that the productive efforts of this group have direct impact on food security in the affected countries.…”
Section: Introductionmentioning
confidence: 99%