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Energy and Economic Poverty: An Assessment by Studying the Causality Between Energy Consumption and Economic Growth in the Economic Community of West Africa States (ECOWAS)


Ouedraogo Nadia


Université Paris-Dauphine

March 19, 2011

USAEE Working Paper No. 11-072

Abstract:     
The increasing attention given to global energy issues and the international policies needed to reduce greenhouse gas emissions have given a renewed stimulus to research interest in the linkages between the energy sector and economic performance at country level. Economic poverty is linked with energy poverty and, at the same time, energy is an important vector for triggering economic development and for reaching the objectives of the Millennium Development Goals (MDGs).

In this paper we attempted to find the direction of the causal relationship between energy consumption and economic activity in the ECOWAS. More specifically we investigated the long run relationship and causality between energy consumption, oil price, and economic growth of the ECOWAS using the co-integration test of Johansen et al. (2004) and VECM causality test of Granger (1987).

Additionally, to explore the possibility of further information on the direction of causality we disaggregated energy consumption into its components of petroleum and electricity consumption.

Number of Pages in PDF File: 30

Keywords: Energy Consumption, Energy Poverty, World Oil Prices, Economic Growth, Climate Change, Co-integration, Vector Error Correction Model (VECM), Granger Causality

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Date posted: March 20, 2011  

Suggested Citation

Nadia, Ouedraogo, Energy and Economic Poverty: An Assessment by Studying the Causality Between Energy Consumption and Economic Growth in the Economic Community of West Africa States (ECOWAS) (March 19, 2011). USAEE Working Paper No. 11-072. Available at SSRN: http://ssrn.com/abstract=1790370 or http://dx.doi.org/10.2139/ssrn.1790370

Contact Information

Ouedraogo Nadia (Contact Author)
Université Paris-Dauphine ( email )
France
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