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Relation entre l’énergie et la croissance économique : approche empirique appliquée au cas de Madagascar pour la periode 1995 à 2015
[Relationship between energy consumption and economic growth in Madagascar: Empirical Approach, 1995-2015]

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  • Andriamanga, Fidimanantsoa

Abstract

With increasing energy needs and a continuous rise in hydrocarbon prices, this work aims to evaluate the link between energy and the economy in Madagascar. The enhancement of these links improves the socio-economic impacts of energy policies: what should contribute to development. Electricity, hydrocarbon and GDP are linked by cointegration equations in the short and long term. In the long term, these three variables tend to evolve together and in the case of short-term variation, there is a very strong restoring force that brings the equation back to equilibrium. This characteristic of Madagascar's economy presents a part of the underdevelopment, of the inoperability of various productive resources available. But also because of a long period of insufficient energy production: which contributed to the weakening of the economy. But this study show that : an investment in the energy sector has a direct impact on the standard of living in general, with proportions higher than all other variables in the short term.

Suggested Citation

  • Andriamanga, Fidimanantsoa, 2017. "Relation entre l’énergie et la croissance économique : approche empirique appliquée au cas de Madagascar pour la periode 1995 à 2015 [Relationship between energy consumption and economic growth in ," MPRA Paper 82967, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:82967
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    References listed on IDEAS

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    1. Ramaharo, Franck Maminirina & Razanajatovo, Yves Heritiana Mihaja & Ravelomanantsoa, Fabienne Mahefatiana & Ramarosandratana, Saotra Finiavana Melodia & Aljaona, Emanuella Miora, 2024. "The impact of energy demand on economic growth: A new empirical evidence for Madagascar," AfricArxiv xwktc, Center for Open Science.

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    More about this item

    Keywords

    Energy; Electricity; Hydrocarbon; Economic Growth; ECM Econometric Model; Error Correction Model;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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