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Energy Trade Amidst Sustainable Economic Growth in Regional Cooperation of West African States: Fresh Evidence from Panel CS-ARDL

Author

Listed:
  • Abubakar Mohammed Atiku

    (Faculty of Business and Management, Universiti Sultan Zainal Abidin (UnISZA), Terengaennu Malaysia,)

  • Suraya Ismail

    (Faculty of Business and Management, Universiti Sultan Zainal Abidin (UnISZA), Terengaennu Malaysia,)

  • Ali Umar Ahmad

    (Faculty of Maritime Study, Universiti Malaysia Terengganu, Malaysia)

Abstract

This study aims to examine the influence of energy trade, energy use, and carbon emission on economic growth for the period of 1970-2019, in regional cooperation of West African states. This study employed second generation techniques. The results revealed that energy trade increased economic growth in the long run. However, in short run energy trade reduced in economic growth. Besides, energy consumption impeded the economic growth in both short run and long run, while carbon emission increased the economic growth in both short run and long run. The energy crisis of 2014 decreased economic growth. Moreover, the result of interaction term of energy consumption and carbon emission showed positive influence on economic in both short run and long run. In addition, the results of causality showed uni-directional causal relationship from energy trade to economic growth. Policy recommendations can be made, in the sense that policies should be geared towards promoting renewable sustainable energy conservation policy that could possibly improve economic integration.

Suggested Citation

  • Abubakar Mohammed Atiku & Suraya Ismail & Ali Umar Ahmad, 2021. "Energy Trade Amidst Sustainable Economic Growth in Regional Cooperation of West African States: Fresh Evidence from Panel CS-ARDL," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 262-269.
    • Handle: RePEc:eco:journ2:2021-06-31
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    Cited by:

    1. Suraya Ismail & Farah Roslan & Wan Anisah Endut & Noris Fatilla Ismail & Abubakar Mohammed Atiku & Ali Umar Ahmad, 2024. "Causal Link between Financial Globalisation Uncertainty, Economic Growth, Environmental Degradation and Energy Consumption in ASEAN+3 Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 1-5, January.
    2. Abubakar Mohammed Atiku & Suraya Ismail & Farah Roslan & Ali Umar Ahmad, 2022. "The Effect of Electricity Distribution Loos, Electricity Power Consumption, Electricity Intensity on Energy Consumption in West Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 12(5), pages 361-369, September.
    3. Kabiru Kamalu & Wan Hakimah Binti Wan Ibrahim, 2023. "Conditional Effect of Environmental Degradation and Institutional Environment on Human Development in Developing Countries: Evidence from Method of the Moment-Quantile Regression with Fixed Effect," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 667-677, September.

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    More about this item

    Keywords

    Economic Growth; Energy Trade; Regional Cooperation of West African States; Second Generation Techniques;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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