IDEAS home Printed from https://ideas.repec.org/a/ijr/beejor/v2y2014i2p28-40.html
   My bibliography  Save this article

The Impact of Energy Consumption and Total Factor Productivity on Economic Growth Oil Producing African Countries

Author

Listed:
  • Ishmael Ackah

    (Department of Energy Studies, Yeshua Institute of Technology, Accra Ghana)

  • Frank Adu

    (Department of Economics, KNUST, Ghana)

Abstract

This study examines the factors which influence Economic Growth, measure the growth rate of total factor productivity (TFP) and examine the relationship between TFP, nonrenewable energy consumption and renewable energy consumption to economic growth in oil producing African countries. An augmented production function is employed to estimate the TFP. In addition, a panel cointegration and a fixed effect model in a Pooled least squares are used to examine the relationship among the variables. The findings suggest that the growth rate of total factor productivity is negative. The panel estimations indicate a significant relationship between economic growth, non-renewable energy consumption, renewable energy consumption, capital and human capital development. The Granger causality test indicates that there is a unidirectional causality from non-renewable energy to growth but bidirectional causality between renewable energy and growth in the long run. The study recommends investment in commercial sources of renewable energy to boost energy supply and investment in factors that will enhance TFP growth.

Suggested Citation

  • Ishmael Ackah & Frank Adu, 2014. "The Impact of Energy Consumption and Total Factor Productivity on Economic Growth Oil Producing African Countries," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 2(2), pages 28-40, June.
    • Handle: RePEc:ijr:beejor:v:2:y:2014:i:2:p:28-40
    as

    Download full text from publisher

    File URL: http://tesdo.org/shared/upload/pdf/papers/BEE.2_2_28-40.pdf
    Download Restriction: no
    File URL: http://tesdo.org/journal_detail.php?paper_id=27&expand_year=2014
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nagmi Moftah Aimer, 2020. "Renewable energy consumption, financial development and economic growth: Evidence from panel data for the Middle East and North African countries," Economics Bulletin, AccessEcon, vol. 40(3), pages 2058-2072.
    2. Kwakwa, Paul Adjei, 2014. "Energy-growth nexus and energy demand in Ghana: A review of empirical studies," MPRA Paper 54971, University Library of Munich, Germany, revised 01 Apr 2014.
    3. Kwakwa, Paul Adjei, 2015. "An investigation into the determinants of hydropower generation in Ghana," MPRA Paper 68033, University Library of Munich, Germany.
    4. Yanliang Yu & Shahzad Alvi & Saira Tufail & Shahzada M. Naeem Nawaz & Michael Yao-Ping Peng & Nauman Ahmad, 2022. "Investigating the role of health, education, energy and pollution for explaining total factor productivity in emerging economies," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-7, December.

    More about this item

    Keywords

    Total Factor Productivity; Renewable Energy Consumption; Energy Consumption;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ijr:beejor:v:2:y:2014:i:2:p:28-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Muhammad Shahbaz (PhD Applied Economics) (email available below). General contact details of provider: https://edirc.repec.org/data/tesdopk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.