| ID | 125826 |
| Title Proper | Rentierism, energy and economic growth |
| Other Title Information | the case of Algeria and Egypt (1965-2010) |
| Language | ENG |
| Author | Fuinhas, Jose Alberto ; Marques, Antonio Cardoso |
| Publication | 2013. |
| Summary / Abstract (Note) | The Algerian economy is an example of a high level of rentierism, while the Egyptian economy shows a low/moderate level of rentierism. The ARDL bounds test approach was used upon annual time series data from 1965 to 2010. The results suggest cointegration for both countries. Bi-causality between energy consumption and growth in the long run was found. For Algeria there is a reversed (negative) energy-growth nexus, adding a new relationship to the traditional four causal hypotheses on the energy-growth nexus. For Egypt, we found positive elasticity both of oil price and energy, which is in line with the mainstream. |
| `In' analytical Note | Energy Policy Vol.62; Nov 2013: p.1165-1171 |
| Journal Source | Energy Policy Vol.62; Nov 2013: p.1165-1171 |
| Key Words | Rentierism ; Energy - Growth Nexus ; ARDL Bounds Test ; Energy – Growth Nexus |