| ID | 125649 |
| Title Proper | Energy consumption and economic growth |
| Other Title Information | evidence from Cameroon |
| Language | ENG |
| Author | Wandji, Yris D Fondja |
| Publication | 2013. |
| Summary / Abstract (Note) | The aim of this paper is to study the nature of the relationship between energy consumption and economic growth in Cameroon through a three-step approach: (i) Study the stationarity of the chronic, (ii) test of causality between variables and (iii) estimate the appropriate model. The study concludes in a non-stationarity of the series. Using the data in first difference, the Granger causality test yields a strong evidence for unidirectional causality running from OIL to GDP. Cointegration tests also show that these two series are co-integrated and the Error Correction Model (ECM) reveals that every percentage increase in Oil products consumption increases economic growth by around 1.1%. This result confirms the intuition that an economic policy aimed at improving energy supply will necessarily have a positive impact on economic growth. On the other side, a lack of energy is a major bottleneck for further economic development in Cameroon. |
| `In' analytical Note | Energy Policy Vol.61; Oct 2013: p.1295-1304 |
| Journal Source | Energy Policy Vol.61; Oct 2013: p.1295-1304 |
| Key Words | Energy Consumption ; Economic Growth ; Cameroon |