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Non-Renewable Energy and Macroeconomic Efficiency of Seven Major Oil Producing Economies in Africa

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  • Olabanji Benjamin Awodumi Adebowale Musefiu Adeleke

    (Department of Economics, University of Ibadan, Ibadan, Nigeria Department of Economics, University of Ibadan, Ibadan, Nigeria)

Abstract

This study adopted two-stage DEA to estimate the technical efficiency scores and assess the impact of the two most important components of fossil fuel associated with oil production on macroeconomic efficiency of Seven oil producing African countries during 2005-2012. Our results showed that increasing the consumption of natural gas would improve technical efficiency. Furthermore, increasing the share of fossil fuel in total energy consumption has negative effect on the efficiency of the economies of the top African oil producers. Also, we found that increasing the consumption of primary energy improves efficiency in these economies. We therefore, recommend that governments and other stakeholders in the energy industry should adopt inclusive strategies that will promote the use of natural gas in the short term. However, in the long-run, efforts should be geared towards increasing the use of primary energy, thereby reducing the percentage share of fossil fuel in total energy consumption. JEL Classification: Q; Q4; Q43

Suggested Citation

  • Olabanji Benjamin Awodumi Adebowale Musefiu Adeleke, 2016. "Non-Renewable Energy and Macroeconomic Efficiency of Seven Major Oil Producing Economies in Africa," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 19(1), pages 59-74, May.
    • Handle: RePEc:zag:zirebs:v:19:y:2016:i:1:p:59-74
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    Citations

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    Cited by:

    1. Adekoya, Oluwasegun B. & Olabode, Joshua K. & Rafi, Syed K., 2021. "Renewable energy consumption, carbon emissions and human development: Empirical comparison of the trajectories of world regions," Renewable Energy, Elsevier, vol. 179(C), pages 1836-1848.
    2. Abdul Rehman & Hengyun Ma & Magdalena Radulescu & Crenguta Ileana Sinisi & Zahid Yousaf, 2021. "Energy Crisis in Pakistan and Economic Progress: Decoupling the Impact of Coal Energy Consumption in Power and Brick Kilns," Mathematics, MDPI, vol. 9(17), pages 1-15, August.
    3. Abdul Rehman & Hengyun Ma & Magdalena Radulescu & Crenguta Ileana Sinisi & Loredana Maria Paunescu & MD Shabbir Alam & Rafael Alvarado, 2021. "The Energy Mix Dilemma and Environmental Sustainability: Interaction among Greenhouse Gas Emissions, Nuclear Energy, Urban Agglomeration, and Economic Growth," Energies, MDPI, vol. 14(22), pages 1-21, November.
    4. Jingjing Qu & Aijun Li & Morié Guy-Roland N’Drin, 2023. "Measuring technology inequality across African countries using the concept of efficiency Gini coefficient," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(5), pages 4107-4138, May.
    5. Giuseppe T. Cirella & Barbara Pawłowska, 2021. "Advancements in the Energy Sector and the Socioeconomic Development Nexus," Energies, MDPI, vol. 14(23), pages 1-5, December.

    More about this item

    Keywords

    Non-Renewable Energy; Data Envelopment Analysis; Technical Efficiency; Africa;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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