Citations


Contact Us

For Marketing, Sales and Subscriptions Inquiries
2637 E Atlantic Blvd #43110
Pompano Beach, FL 33062
USA

Conference List

The Effect of Co2 Emission and Economic Growth on Energy Consumption in Sub Sahara Africa

Salami Dada Kareem

,

Atoyebi Kehinde Olusegun

,

Olabode Oluwayinka Samuel

Salami Dada Kareem 1 ,

Atoyebi Kehinde Olusegun 1 Olabode Oluwayinka Samuel 3

  1. Department of Economics Lagos State University, Ojo, Nigeria 1

  2. Department of Economics, Redeemer University, Ede, Osun State, Nigeria 3

Pages: 27-35

DOI: 10.18488/journal.13.2017.61.27.35

Share :

Article History:

Received: 20 January, 2017
Revised: 02 March, 2017
Accepted: 10 March, 2017
Published: 16 March, 2017


Abstract:

The relationship among CO2 emission, Economic Growth and Energy Consumption were examine in this study. This study specifically examines the combine impact CO2 emission, and Economic Growth on Energy Consumption. The study uses a dynamic panel data of esteem the time series analysis on 1980. Our result shows that Economic Growth is positively related to Energy Consumption. But when CO2 emission is interacted with Economic Growth the combine impact is increasing in energy consumption. The study therefore recommend that appropriate policy should formulated by the government to drive up energy consumption.

Contribution/ Originality
The paper contributes the first logical analysis in the existing literature of the relationship between Co2 emission, economic growth and energy consumption. The study departs from other studies by examining the combined impact of Co2 emission and economic growth on energy consumption in Sub- Saharan African countries during the period of the study. There is also robust use of system GMM developed by Arellano and Bond (1991) which gave consistent and efficient estimates.

Keywords:

Economic growth, Energy consumption, CO2 emission, GMM, Cointegration, Financial development.

Video:

Reference:

  1. Altinary, G. and E. Karagol, 2005. Structural break, unit root, and the causality between energy consumption and GDP in Turkey. Energy Economics, 26(6): 985-994. View at Google Scholar | View at Publisher
  2. Ang, J.B., 2008. Economic development, pollutant emissions and energy consumption in Malaysia. Journal of Policy Modeling, 30(2): 271-278. View at Google Scholar | View at Publisher
  3. Apergis, N. and J.E. Payne, 2009. CO 2 emissions, energy usage, and output in Central American. Energy Policy, 37(8): 3282-3286. View at Google Scholar | View at Publisher
  4. Apergis, N. and J.E. Payne, 2010. The emissions, energy consumption and growth nexus: Evidence from the commonwealth of independent states. Energy Policy, 38(1): 650-655. View at Google Scholar | View at Publisher
  5. Aqeel, A. and M.S. Butt, 2001. The relationship between energy consumption and economic growth in Pakistan. Asia-Pacific Development Journal, 8(2): 101-110. View at Google Scholar 
  6. Arellano, M. and S.R. Bond, 1991. Some tests of specification for panel data; Monte Carol evidence and an application to employment equations. Review of Economic Studies, 58(2): 277-297. View at Google Scholar | View at Publisher
  7. Arouri, M.E., A. Youssef, H. M’henni and C. Rault, 2012. Energy consumption and economic growth and CO2 emissions in Middle East and North African countries. Energy Policy, 45: 342-349. View at Google Scholar | View at Publisher
  8. Barazini, A., S. Weber, M. Bareit and A.N. Mathys, 2013. The casual relationship between energy use and economic growth in Swilzerland. Energy Policy, 36: 464-470.View at Google Scholar 
  9. Bartleet, M. and R. Gounder, 2016. Energy consumption and economic growth in New Zealand: Results of trivariate and multivariate models. Energy Policy, 38(7): 3505-3517. View at Google Scholar | View at Publisher
  10. Belloumi, M., 2009. Energy consumption and GDP in Tunisia: Cointegration and causality analysis. Energy Policy, 37(7): 2745-2753.View at Google Scholar | View at Publisher
  11. Boedwn, N. and J.E. Payne, 2009. The causal relationship between US energy consumption and real output: A disaggregated analysis. Journal of Policy Modeling, 31(2): 180-188.View at Google Scholar | View at Publisher
  12. Chan and Lee, 2014. An investigation of co-integration and causality between energy use and economic growth. Journal of Energy and Development, 21: 73-84.
  13. Chang, 2009. The relationship between energy consumption and economic growth using threshold regression.
  14. Cheng, 2013. Threshold effect of the economic growth rate on the renewable energy development from a change energy price: Evidence from OECD countries. Energy Policy, 37(12): 5796-5802. View at Google Scholar | View at Publisher
  15. Dan, Y. and Z. Lijun, 2009. Financial development and energy consumption; an empirical research based on Guangdong Province. International Conference on Information Management, Innovation Management and Industrial Engineering.
  16. Ghali, K.H. and M.I. EL-Sakkka, 2004. Energy use and output growth in Canada; a multivariate cointegration analysis. Energy Economics, 26(2): 225-238. View at Google Scholar | View at Publisher
  17. Ghosh, S., 2002. Electricity consumption and economic growth in India. Energy Policy, 30(2): 125-129. View at Google Scholar | View at Publisher
  18. Karanfil, F., 2009. How many times again will be examine the energy-income nexus using a limited range of traditional econometric tools? Energy Policy, 37(4): 1191-1194. View at Google Scholar | View at Publisher
  19. Khan, A.M. and Qayyum, 2007. Dynamic modelling of energy and growth in South Asia. Pakistan Development Review, 46: 481-498.View at Google Scholar 
  20. Lean, H.H. and R. Smith, 2009. CO2 emissions, energy consumption and output in ASEAN, business and economics, Development Research Unit Discussion Paper DEVDP No. 09-13.
  21. Lee, C.C., C.P. Chang and P.F. Chen, 2008. Energy –income casualty in OECD countries revisited: The key role of capital stock. Energy Economics, 30(5): 2359-2373. View at Google Scholar | View at Publisher
  22. Li, F., S. Dong, X. Li, Q. Liang and W. Yang, 2011. Energy consumption-economic growth relationship and carbon dioxide emissions in China. Energy Policy, 39(2): 568-574. View at Google Scholar | View at Publisher
  23. Li, Z., 2003. An econometric study on chain’s economy. Energy and environment to the year (2030). Energy Policy, 31: 1137-1150.
  24. Lotfailpour, M., M. Falahi and M. Ashena, 2010. Economic growth, CO2 emissions, and fossil fuels consumptions in Iran. Energy, 35(12): 5115-5120. View at Google Scholar | View at Publisher
  25. Menyah, K. and Y. Rufael, 2010. Energy consumption. Pollutant emissions and economic growth in South Africa. Energy Economics, 32(6): 1374-1382.View at Google Scholar | View at Publisher
  26. Morimoto, R. and C. Hope, 2004. The impact of electricity supply on cin Sri Lanka. Energy Economics, 26: 77-85.
  27. Odhimbo, N.M., 2009. Energy consumption and economic growth nexus in Tanzania: An ARDL, bounds testing approach. Energy Policy, 37(2): 617-622. View at Google Scholar | View at Publisher
  28. Oh, W. and K. Lee, 2004. Causal relationship between energy consumption and GDP revisited: The case of Korea 1970–1999. Energy Economics, 26(1): 51-59. View at Google Scholar | View at Publisher
  29. Omri, A., 2013. CO2 emissions, energy consumption and economic growth nexus in MENA countries: Evidence from simultaneous equations models. Energy Economics, 40: 657-664. View at Google Scholar | View at Publisher
  30. Paul, S. and R.N. Bhattacharya, 2004. Causality between energy consumption and economic growth in India: A note on conflicting results. Energy Economics, 26(6): 977-983. View at Google Scholar | View at Publisher
  31. Sadorsky, P., 2010. Financial development and energy consumption in central and Eastern European frontier economies. Energy Policy, 39: 999-1006. View at Google Scholar | View at Publisher
  32. Sadorsky, P., 2010. The impact of financial development and energy consumption in emerging economies. Energy Policy, 38(5): 2528-2535. View at Google Scholar | View at Publisher
  33. Sahir, M.H. and A.H. Qureshi, 2007. Specific concerns of Pakistan in the context of energy security issues and geopolitics of the region. Energy Policy, 35(4): 2031-2037. View at Google Scholar | View at Publisher
  34. Shabbier, M.S., M. Shahbaz and M. Zeshan, 2014. Renewable and non-renewable energy consumption, real GDP and CO2 emissions nexus: A structural VAR approach in Pakistan. Bull Energy Economics, 2: 91-105. View at Google Scholar 
  35. Shahbaz, M. and H.H. Lean, 2012. Does financial development increase in energy consumption? The role of industrialization and urbanization in Tunisia. Energy Policy, 40: 473-479. View at Google Scholar | View at Publisher
  36. Shahbaz, M., S.M.A. Nasreen and T. Afza, 2014. Environmental consequences of economic growth and foreign direct investment: Evidence from panel data analysis. Bull Energy Economics, 2(2): 14-27. View at Google Scholar 
  37. Shyamal, P. and B.N. Rabindra, 2004. Causality between energy consumption and economic growth in India: A note on conflicting results. Energy Economics, 26(6): 977-983. View at Google Scholar | View at Publisher
  38. Siddiqui, R., 2004. Energy and economic growth. Pakistan Development Review, 43: 175-200.View at Google Scholar 
  39. Soytas, U., R. Sari and B.T. Ewing, 2015. Energy consumption, income, and carbon emissions in the United States. Ecological Economics, 62(3-4): 482-489. View at Google Scholar | View at Publisher
  40. Squalli, J., 2007. Energy consumption and economic growth: Bounds and causality analyses for OPEC members. Energy Economics, 29(6): 1192-1205. View at Google Scholar | View at Publisher
  41. Stern, D.I. and C.J. Cleveland, 2004. Energy and economic growth. Rensselaer Polytechnic Institute, Rensselaer Working Papers in Economics No. 0410.
  42. Tang, C.F. and B.W. Tan, 2012. The linkages among energy consumption, economic growth, relative price, foreign direct investment, and financial development in Malaysia. Quantitative Qualitative, 48(2): 781–797.View at Publisher
  43. WDI, 2013. World development indicators. World Bank. Retrieved from http://data.worldbank.org.
  44. Wei, W., 2002. Study on the determinants of energy demand in China. Journal of Systems Engineering and Electronics, 13(3): 17-23. View at Google Scholar 
  45. Zaleski, P., 2014. Energy and geopolitical issues. In: Rao, D.B., Harshyita, D. (Eds), Energy security. New Delhi: Discovery Publishing House.

Statistics:

Google Scholor ideas Microsoft Academic Search bing Google Scholor

Funding:

This study received no specific financial support.

Competing Interests:

The authors declare that they have no competing interests.

Acknowledgement:

All authors contributed equally to the conception and design of the study.

Related Article

( 1 ) Soil Thermal Properties and the Effects of Groundwater on Closed Loops
( 2 ) Direct Effects of Stubble Burning on Some Edaphic Characteristics of Coastal Plain Sands at Different Heating Intensities
( 3 ) Application of Response Surface Methodology (RSM) and Artificial Neural Network (ANN) for Achieving Desire BA in the Biotransformation of Benzaldehyde Using Free Cells of Saccharomyces Cerevisae and the Effect of Β-Cyclodextrin
( 4 ) Tourism Advertisement Management and Effective Tools in Tourism Industry
( 5 ) Effects of Climatic Change On Gsm Signal in Lagos Metropolitan Terrain
( 6 ) Agrochemicals and Personal Care Products: Occurrence, Effects, Analytical Determination and Treatment Processes
( 7 ) Effect of Active Mass in Electrode Disc on Performance of Li1.06ni0.313co0.313mn0.313o2cathode
( 8 ) An Exploratory Study of Effects of Prepaid Metering and Energy Related Behaviour among Ghanaian Household
( 9 ) The Effect of Ergonomics on Sustainable Urban Development: A Case Study
( 10 ) An Analysis of Effective Factors on Spatial Distribution of Poverty in Rural Regions of Hamedan Province
( 11 ) Investigation of the Effect of Weather Conditions on Solar Energy in Rivers State University of Science and Technology, Port Harcourt, Nigeria
( 12 ) Dimension Effect on the Ultrasonic Pulse Velocity
( 13 ) The Effect of Co2 Emission and Economic Growth on Energy Consumption in Sub Sahara Africa
( 14 ) Assessment of Environmental Effect of Abandoned Uranium Mine Site in Mika Village of Taraba State Nigeria
( 15 ) Effect of Local Admixture Ipomoea Asarifolia (Ajara) on the Strength Characteristics of Stabilized and Unstabilized Lateritic Blocks
( 16 ) Likely Effects of Geological Features on Carbonate Rock Strength
( 17 ) Mössbauer Research of Surface-Surface Concentric-Zonal Color Effects in Zoloceramic Materials
( 18 ) Analysis of the Effect of Variations in Refractivity Gradient on Line of Sight Percentage Clearance and Single Knife Edge Diffraction Loss
( 19 ) Economic Contributions and Environmental Effects of Geothermal Energy: Çanakkale-Tuzla Geothermal Example
( 20 ) Effects of Municipal Abattoir Waste on Water Quality of Woji River in Trans-Amadi Industrial Area of Port Harcourt, Nigeria: Implication for Sustainable Urban Environmental Management
( 21 ) Effects of Hydroclimatic Variability on the Spatial Dynamics of Ponds (Simenti, Kountadala and Oudassi) of the Gambia River Basin in the Niokolo Koba National Park (Senegal)
( 22 ) Rural Harvested Rainwater: Effect of Roof Types and its Design on Water Quality and Health: A Case for CBP Approach in Anambra State
( 23 ) Occupational Health Exposure and Perceived Effects of Portland Cement Dust Pollution on Cement Factory Workers
( 24 ) Comparative Assessment of Co2 Emission Factors Estimated Using Stack Flue Gas Measurement Data for Two Types of Brick Kiln: A Case Study in Phu Tho Province, Vietnam
( 26 ) Possibilities of Creating Swimming Pools with Zero Co2 Emissions Due to Energy Use in Them
( 27 ) Analysis of the Link between CO2 Outflows, Energy Utilization, and Economic Development in a Developing Country: Evidence from Republic of Congo
( 28 ) The Impact of Energy Consumption and Productivity Growth on Carbon Emissions in Ghana
( 30 ) Enhancement of Pyrolysis Yield Distribution and Particulate Emission of Empty Fruit Bunches by Washing Pre-Treatment
( 33 ) Emissions Reduction of a Chemical Process Plant by Maximizing Energy Recovery, Minimizing Energy Losses and Fuel Switching
( 34 ) Energy Consumption and Economic Growth in Nigeria: A Causality Analysis
( 35 ) Environmental Conservation and Use of Economic Incentives to Conserve Biological Resources in Nigeria
( 36 ) Economic Load Dispatch in Thermal Power Plant Considering Additional Constraints Using Curve Fitting and Ann
( 37 ) Renewable Sources of Energy for Economic Development in Nigeria
( 38 ) Assessing the Catalytic Influence of Modern Information System and Socio-Economic Status on Communities’ Attitude and Awareness to Forest Resource Sustainability in Boki Local Government Area, Nigeria
( 39 ) Optimal Sizing of Hybrid Systems and Economical Comparison
( 45 ) The Role of Stratigraphy in Growth Strata Studies: A Case Study from the Middle-Late Cretaceous Deposits in Persian Gulf, SW Iran
( 47 ) Gender, Poverty and Energy Nexus: Unpacking The Conflict in Zimbabwe
( 48 ) Energy Demand and Financial Sector Performance in Sub-Saharan African Region
( 50 ) Development of Solar Energy in Sabah Malaysia: The Case of Trudgill’s Perception
( 51 ) Sustainable Sources of Energy and the Expected Benefits to Nigerian Economy
( 53 ) Valorization of Hazelnut Biomass Framework in Turkey: Support and Model Guidelines from the Italian Experience in the Field of Renewable Energy
( 54 ) Development and Study of Hybrid Solar and Wind Energy Systems
( 55 ) Energy Education as a Necessary Condition to Transition to a Robust Future Energy Security in Suriname
( 56 ) Energy Trading and Congestion Management Using Real and Reactive Power Rescheduling and Load Curtailment
( 57 ) The Role of Led’s In Meeting China’s Building Code Requirement of 50% Improved Energy Efficiency
( 58 ) Rayleigh Distribution-Based Model for Prediction of Wind Energy Potential of Cameroon
( 59 ) Energy Consumption and Thermal Comfort Analysis of Public Housing in Sao Paulo, Brazil
( 60 ) UPFC Integrated With Battery Energy Storage Systems for Stability Improvement
( 63 ) Fuzzy Logic Based Energy Management System for Hybrid Electric Vehicle
( 64 ) Experimental Research Concerning the Energy Performance Determination of a New Type of Rotating Working Machine
( 65 ) On Generation of Renewable Energy from Road Traffic
( 67 ) Net-Zero Energy Building – Case Study Al Khobar City, Saudi Arabia