Resource Abundance and Energy Intensity: A Cross Country Analysis

Middle Eastern Finance and Economics ISSN: 1450-2889 Issue 13 (2011)

16 Pages Posted: 20 Jun 2015

See all articles by Ismail Soile

Ismail Soile

University of Lagos; University of Dundee - Centre for Energy, Petroleum and Mineral Law & Policy (CEPMLP)

Biodun Balogun

University of Dundee - Centre for Energy, Petroleum and Mineral Law & Policy (CEPMLP)

Date Written: June 20, 2015

Abstract

In this paper, attempt was made to examine the determinants of energy intensity taking cognisance of countries’ natural resource endowments. Time series data from a sample of two countries each with varying level of resource endowment was reviewed and analysed. The results of the investigation essentially show that the pattern of intensity of energy use in resource scarce countries contrast sharply to what obtained in resource abundant countries. The influence of energy prices and technological changes on intensity depends on resource endowments while many factors affecting intensity were found to be country specific. The study opines that resource abundance encourage sub-optimal use and therefore recommends appropriate pricing of energy products as well as the pursuance of effective energy demand management policies.

Keywords: Energy intensity, resource endowments, energy use, technological changes

JEL Classification: Q40

Suggested Citation

Soile, Ismail and Balogun, Biodun, Resource Abundance and Energy Intensity: A Cross Country Analysis (June 20, 2015). Middle Eastern Finance and Economics ISSN: 1450-2889 Issue 13 (2011). Available at SSRN: https://ssrn.com/abstract=2621002

Ismail Soile (Contact Author)

University of Lagos ( email )

Akoka
PMB 4491
Akoka, Lagos State 00234
Nigeria
+2348076184184 (Phone)

University of Dundee - Centre for Energy, Petroleum and Mineral Law & Policy (CEPMLP) ( email )

Nethergate
Dundee, Scotland DD1 4HN
United Kingdom

Biodun Balogun

University of Dundee - Centre for Energy, Petroleum and Mineral Law & Policy (CEPMLP)

Nethergate
Dundee, Scotland DD1 4HN
United Kingdom

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