ENERGY CONSUMPTION AND ECONOMIC GROWTH: THE CASE OF AFRICAN COUNTRIES

摘要

In this work we have addressed the issue of economic growth in a sample of 22 African countries, which has culminated in a set of results. First, we presented the effect of energy consumption on economic growth. Second, through the estimation of a non-stationary panel data model for the sample of African nations during the period 1980 through 2009, we tried to verify the contribution that increasing the energy consumption of these economies would have on their realization of sustained economic growth. Our results show that GDP causes the level of energy consumption.