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The Effect of Energy Consumption on Economic Growth in Cameroon

Author

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  • Molem Chirstopher Sama
  • Ndifor Roger Tah

Abstract

This study was carried out to determine the Effect of Energy Consumption on Economic Growth in Cameroon from the period of 1980 to 2014. The energy sources used to test for this relationship were Petroleum and electricity. The study made used of secondary time-series data. Using the Generalised Method of Moments technique, the results obtained shows that Gross Domestic Product (GDP), population growth rate and petroleum prices, have a positive relationship with petroleum consumption. Also, there was an established positive relationship between Gross Domestic Product (GDP), population growth rate, electricity prices and electricity consumption. Again, the study found a positive and significant relationship between petroleum consumption, electricity consumption, Gross domestic investment (GDI) and population growth rate and economic growth. Furthermore, the empirical result revealed that the rate of inflation and economic growth are positively related. Based on the findings of this study, it is recommended that the government should expand current sources and exploit the other sources of energy such as solar energy, wind energy, thermal energy so as to increase the production and consumption of energy which increases economic growth.

Suggested Citation

  • Molem Chirstopher Sama & Ndifor Roger Tah, 2016. "The Effect of Energy Consumption on Economic Growth in Cameroon," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(9), pages 510-521.
    • Handle: RePEc:asi:aeafrj:v:6:y:2016:i:9:p:510-521:id:1502
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    Cited by:

    1. Bakari, Sayef, 2017. "Why is South Africa Still a Developing Country?," MPRA Paper 80763, University Library of Munich, Germany.
    2. Patterson C. Ekeocha & Dinci J. Penzin & Jonathan Emenike Ogbuabor, 2020. "Energy Consumption and Economic Growth in Nigeria: A Test of Alternative Specifications," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 369-379.
    3. Muath Al-Khawaldeh & Ali Mustafa Al-Qudah, 2018. "The Effect of Energy Consumption on Economic Growth in Jordan," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(2), pages 170-177, April.
    4. Godwin Edet Bassey & Uduak Michael Ekong, 2019. "Energy Consumption and Inflation Dynamics in Nigeria: An ARDL Cointegration Approach," Energy Economics Letters, Asian Economic and Social Society, vol. 6(2), pages 66-83, December.
    5. Longe Adedayo Emmanuel & Adekoya Taiwo Matthew & Soyemi Caleb Olugbenga & Agbanuji David Adeiza & Adekomi Idowu Jacob, 2021. "The Asymmetric Impact of Oil Price and Electricity Consumption on Economic Growth: Evidence from Nigeria," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 9(1), pages 50-70, September.
    6. Siong, Tang Chung & Kogid, Mori & Alin, James M., 2022. "Asymmetric modeling of fuel consumption in Malaysia," Energy, Elsevier, vol. 239(PA).
    7. Jahangir S M Rashed & Dural Betul Yuce, 2018. "Crude oil, natural gas, and economic growth: impact and causality analysis in Caspian Sea region," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 54(3), pages 169-184, September.
    8. Temitayo B. Majekodunmi & Mohd Shahidan Shaari & Nor Fadzilah Zainal & Nor Hidayah Harun & Abdul Rahim Ridzuan & Noorazeela Zainol Abidin & Nur Hayati Abd Rahman, 2023. "Gas Consumption as a Key for Low Carbon State and its Impact on Economic Growth in Malaysia: ARDL Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 469-477, May.

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