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Boosting economic growth through energy in Africa: the role of Chinese investment and institutional quality

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  • Abdulrasheed Zakari
  • Irfan Khan

Abstract

In 2019, Chinese investment rose to $110 billion across all sectors in Africa. However, there are many criticisms that the Chinese presence is a curse to the development of Africa. Hence, we direct our attention to unravel the truth about these allegations by examining the underlying effect of institutional quality and Chinese investment in Africa on energy consumption (EC) and its impact on economic growth. We applied a panel corrected standard error (PCSE) econometric procedure for a selected 21 sub-Saharan African countries. Our results show that energy consumption promotes economic growth. Similarly, the study revealed that the institutional quality and Chinese investment in Africa were the underlying factors for the positive effect of energy consumption and economic growth. Therefore, our results expand the economic growth literature and inform policymakers of the need to pay attention to bilateral trade and investment with China.

Suggested Citation

  • Abdulrasheed Zakari & Irfan Khan, 2022. "Boosting economic growth through energy in Africa: the role of Chinese investment and institutional quality," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 20(1), pages 1-21, January.
    • Handle: RePEc:taf:jocebs:v:20:y:2022:i:1:p:1-21
    DOI: 10.1080/14765284.2021.1968709
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    Cited by:

    1. Li, Guiping & Zhang, Xiaohua & Xiao, Zheng & Liu, Wei & He, Qian, 2023. "Land under cereal production and environmental sustainability: Influence of total natural resources rents in the United States," Resources Policy, Elsevier, vol. 85(PB).
    2. liu, Dong & Tian, Yulin & Son, SangBum, 2023. "Do ICT service exports and energy imports determine natural resource sustainability?," Resources Policy, Elsevier, vol. 85(PB).
    3. Yuan, Jian & Yang, Ranran & Fu, Qiang, 2023. "Aspects of renewable energy influenced by natural resources: How do the stock market and technology play a role?," Resources Policy, Elsevier, vol. 85(PB).
    4. Sun, Wei & Yao, Guohui, 2023. "Impact of mineral resource depletion on energy use: Role of energy extraction, CO2 intensity, and natural resource sustainability," Resources Policy, Elsevier, vol. 86(PB).
    5. Li, Jie & Cheng, Pengfei & Qian, Xingyue, 2023. "Do mineral rents endowment and agricultural raw material imports determine natural resource management in the United States?," Resources Policy, Elsevier, vol. 85(PA).
    6. Xuan, Di & Jiang, Xiaoyan & Fang, Yan, 2023. "Can globalization and the green economy hedge natural resources? Functions of population growth and financial development in BRICS countries," Resources Policy, Elsevier, vol. 82(C).
    7. Zhang, Cong & Teng, Wei, 2023. "Natural resources led financing of investment: A prospect of China's provincial data," Resources Policy, Elsevier, vol. 86(PB).
    8. Gozgor, Giray & Paramati, Sudharshan Reddy, 2022. "Does energy diversification cause an economic slowdown? Evidence from a newly constructed energy diversification index," Energy Economics, Elsevier, vol. 109(C).
    9. Zhao, Fang & Xu, Yi & Ma, Wanying, 2023. "Geodiversity and natural resource management: The importance of combustible renewables and waste in China," Resources Policy, Elsevier, vol. 85(PB).
    10. Destek, Mehmet Akif & Adedoyin, Festus & Bekun, Festus Victor & Aydin, Sercan, 2023. "Converting a resource curse into a resource blessing: The function of institutional quality with different dimensions," Resources Policy, Elsevier, vol. 80(C).
    11. Kang, Han & Li, Le & Feng, Jin, 2023. "Are natural resources a hindrance to ecological footprint? Mineral rents, energy production, and consumption positions," Resources Policy, Elsevier, vol. 86(PA).
    12. Huo, Jie & Peng, Chen, 2023. "Depletion of natural resources and environmental quality: Prospects of energy use, energy imports, and economic growth hindrances," Resources Policy, Elsevier, vol. 86(PA).
    13. Zakari, Abdulrasheed & Khan, Irfan & Tawiah, Vincent & Alvarado, Rafael & Li, Guo, 2022. "The production and consumption of oil in Africa: The environmental implications," Resources Policy, Elsevier, vol. 78(C).
    14. Fan, Lulu & Wang, Dawei, 2024. "Natural resource efficiency and green economy: Key takeaways on clean energy, globalization, and innovations in BRICS countries," Resources Policy, Elsevier, vol. 88(C).
    15. Liang, Yunbao & Galiano, Jesus Cantero & Zhou, Hongxia, 2023. "The environmental impact of stock market capitalization and energy transition: Natural resource dynamics and international trade," Utilities Policy, Elsevier, vol. 82(C).
    16. Dai, Xiaofei & Xu, Xiaoqi, 2023. "Bump in energy prices and their impact on natural resources: Energy transition initiatives in OECD countries," Resources Policy, Elsevier, vol. 87(PB).
    17. Jiang, Wanxing & Gao, Han, 2023. "The nexus between natural resources and exports of goods and services in the OECD countries," Resources Policy, Elsevier, vol. 85(PA).

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