Total factor energy efficiency and economic development in Africa

Ohene-Asare, Kwaku; Tetteh, Eric Nuertey; Asuah, Evelyn Lamisi

doi:10.1007/s12053-020-09877-1

Cited by 61 publications

(34 citation statements)

References 63 publications

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“…On the other hand, positive correlations are found between the variables GDP per capita and renewable energy consumption (Renewable E) and TFEE. Our results are similar and in line with those of Azhgaliyeva et al, Pan et al and Ohene-Asare et al [15,46,50], showing a positive relationship between economic development and energy efficiency, i.e., increased economic development (GDP per capita) influences the rise in TFEE. Furthermore, renewable energy consumption increases energy efficiency.…”

Section: Discussionsupporting

confidence: 93%

“…They confirmed that industrialisation has a positive effect on energy intensity, while trade openness has a direct negative effect on energy intensity. Ohene-Asare et al [15] detected a bi-directional relationship between total factor energy efficiency and economic development in 46 African countries for the period 1980-2011. Pan et al [46] explored the relationship between energy efficiency and economic development in European countries from 1990 to 2013.…”

Section: Energy Efficiency Sustainable Economic and Financial Develomentioning

confidence: 99%

“…Countries that aim to achieve sustainable development should establish energy efficiency and carbon emission reduction policies [10]. Thus far, studies have mostly focused on the relationship between energy consumption, economic growth and carbon emissions (a survey by Adewuyi and Awodumi [11]), energy consumption and financial development [12][13][14], or energy efficiency and economic development [15]. Some studies have focused on the energy intensity and financial development nexus [16], while others have investigated total factor energy efficiency (TFEE) with a desirable gross domestic product (GDP) variable and undesirable CO 2 [17].…”

Section: Introductionmentioning

confidence: 99%

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Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries

et al. 2020

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The growing risk of climate change caused by the emission of greenhouse gases poses new challenges to contemporary countries. The development of economies is usually related to increasing levels of greenhouse gas emissions. Therefore, the question arises whether it is possible to achieve sustainable economic and financial development and simultaneously reduce greenhouse gas emissions. This paper assumes it is possible if energy efficiency is increased. The aim of the paper is to show the link between energy efficiency and sustainable economic and financial development in Organisation for Economic Co-operation and Development (OECD) countries for the period 2000–2018 by using data envelopment analysis (DEA) and regression analysis. The results show a slight upward trend of total factor energy efficiency (TFEE) in OECD countries for the analysed period; however, there is a difference in TFEE levels. Developed OECD countries have higher TFEE levels than developing OECD countries. The links between total factor energy efficiency and sustainable economic and financial development reveal different impacts depending on the variables taken into consideration.

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Section: Discussionsupporting

confidence: 93%

Section: Energy Efficiency Sustainable Economic and Financial Develomentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries

et al. 2020

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“…CO 2 emission as a measure of environmental degradation has been extensively studied, for instance, among the America [7], European countries [8,9], Asian countries [10,11], as well as recently in Africa countries [12][13][14] at either panel or single country level.…”

Section: Introductionmentioning

confidence: 99%

“…This study differs from most recent Africa's efficiency studies [12][13][14]. First, in terms of the input-output selection, this study incorporates both biological resources (ecological footprint (EF)) and the human development index (HDI) factors into the evaluation model [16,17].…”

Section: Introductionmentioning

confidence: 99%

Towards Ecological Sustainability: Assessing Dynamic Total-Factor Ecology Efficiency in Africa

Amowine

Boamah

et al. 2021

IJERPH

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Ecological footprint (EF) and human development index (HDI) are two critical indicators for assessing sustainable development worldwide. Past studies in Africa have ignored dynamic sustainable total-factor ecological efficiency (DSTFEE) assessment. This present study proffers a novel dynamic sustainable total-factor ecological efficiency (DSTFEE) that comprehensively assesses the ecological efficiency among 44 sampled African economies from 2010 to 2016. Our study incorporates EF and HDI in the model. Second, the study evaluates regional DSTFEE heterogeneity efficiency as well as the technological gap efficiency in Africa. Further, projection analysis is done to offer a viable solution path to address the inefficient African countries. Third, the study investigates the determinants of ecological efficiency using the bootstrap truncation regression technique. The results from the implemented models are as follows: first, the DSTFEE for the 44 sampled African countries is very low (0.403), indicating enormous potential for improvement. Second, the heterogeneity of DSTFEE across the five Africa regional blocs is evident. The southern bloc had the highest efficiency score, followed by the northern, central, western, and eastern regions. The technology gap ratio also reveals a massive gap among the five Africa regional blocs. Third, the bootstrap truncation regression results established a U-shape nexus between growth and DSTFEE in Africa. REC and trade openness is positively corrected to DSTFEE for African countries. In contrast, financial development, foreign direct investment (FDI), and urbanization impede dynamic ecological efficiency in Africa. The study’s results equip African countries with adequate knowledge of their ecological efficiency situation and provide them a viable path to improve environmental efficiency, thereby boosting their ecological sustainability.

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Does the legacy of state planning put pressure on ecological efficiency? Evidence from China

et al. 2022

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Building a green and healthy economic system and achieving high‐quality economic growth have long been the development goals pursued by the Chinese government. Under the local government competition system, coordinating the relationship between economic growth and ecological sustainability is a decisive factor for China's high‐quality development. As a former state planned economy, China inherited a legacy of setting economic growth targets at various levels of government. This paper analyzes the relationship between economic growth targets and ecological efficiency by using panel data models and spatial econometric techniques. Moreover, the mediating effect model and dynamic threshold effect model are used to study their influence mechanism and the possible nonlinear relationship. The results indicate that there is an inverted U‐shaped relationship between economic growth targets and ecological efficiency. Optimizing industrial structure and R&D investment can improve regional ecological efficiency. The economic growth targets in neighboring regions have a “U”‐shaped relationship with local ecological efficiency. The mechanism test results suggest that economic growth targets affect ecological efficiency by influencing financial development, foreign direct investment, infrastructure investment, environmental regulation, and technological innovation. The impact of economic growth targets on ecological efficiency shows a significant threshold effect when economic growth targets, industrial structure, R&D levels, financial development, foreign direct investment, infrastructure investment, and environmental regulation are at different threshold values. Therefore, to promote regional healthy competition and ecological efficiency, the government should formulate scientific and reasonable economic growth goals and improve the official evaluation system.

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Total factor energy efficiency and economic development in Africa

Cited by 61 publications

References 63 publications

Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries

Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries

Towards Ecological Sustainability: Assessing Dynamic Total-Factor Ecology Efficiency in Africa

Does the legacy of state planning put pressure on ecological efficiency? Evidence from China

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