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Energy Intensity and Economic Growth in Selected West African Countries

机译:某些西非国家的能源强度和经济增长

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This study examined the long-run effect of energy intensity on economic growth of selected West African countries for the period 1988–2013 given data availability. To achieve its objective, the study uniquely applied the Panel Fully Modified Ordinary Least Squares (PFMOLS) and Panel Dynamic Least Squares (PDLS). Results of the long-run model, using both approaches, show positive interdependence between GDP and primary energy consumption, on one hand, and GDP and electricity consumption on the other hand. Granger Causality test shows unidirectional interdependence among the variables. Causality runs from GDP to Primary Energy Consumed in the long run. This means that energy conservation policy should be adopted in these countries. The findings show that energy intensity is positive and statistically significant in explaining the level of economic growth in the long-run within West Africa. So, the study concludes that energy conservation and efficiency are necessary factors to consider in deciding investments for the West African Power Pool (WAPP). Furthermore, energy efficiency policies and measures are needful even in countries with low energy access, thereby increasing productivity per unit of energy consumed.
机译:这项研究研究了1988-2013年期间能源强度对某些西非国家经济增长的长期影响,并提供了数据。为了实现其目标,该研究独特地应用了面板完全修改的普通最小二乘(PFMOLS)和面板动态最小二乘(PDLS)。使用这两种方法的长期模型的结果表明,一方面GDP与一次能源消耗之间存在正相关性,另一方面表明GDP与电力消耗之间存在正相关性。 Granger因果关系检验表明变量之间存在单向相互依赖关系。从长期来看,因果关系从GDP到一次能源消耗。这意味着这些国家应采用节能政策。研究结果表明,能源强度在解释西非长期内的经济增长水平方面具有积极意义,并具有统计意义。因此,研究得出的结论是,在确定西非电力池(WAPP)的投资时,节能和效率是必须考虑的必要因素。此外,即使在能源获取量很少的国家,也需要采取能效政策和措施,从而提高单位能耗的生产率。

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