Determinants of energy consumption: The case of African oil exporting countries
Persistent energy consumption issues are ascribed to the failure of energy planners to understand the various macroeconomic factors that influence energy consumption. Therefore, we investigated the factors influencing energy consumption in six net African oil-exporting countries (AOECs) between 1980...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2022-12-01
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| Series: | Cogent Economics & Finance |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2022.2058157 |
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| author | Akindele John Ogunsola Christian Kakese Tipoy |
| author_facet | Akindele John Ogunsola Christian Kakese Tipoy |
| author_sort | Akindele John Ogunsola |
| collection | DOAJ |
| description | Persistent energy consumption issues are ascribed to the failure of energy planners to understand the various macroeconomic factors that influence energy consumption. Therefore, we investigated the factors influencing energy consumption in six net African oil-exporting countries (AOECs) between 1980 and 2018. Our contribution to the literature is the use of estimators; cross-sectional autoregressive distributed lag (CS-ARDL) and cross-sectional distributed lag (CS-DL) modelling approaches, which take into account the time dynamics, the heterogeneity of different countries and cross-sectional dependence, to explore the relationship between energy consumption and its major determinants, such as openness, economic structure and per capita income. The results revealed that per capita income did not impact significantly on energy consumption in AOECs during the period under study, while trade openness had a positive and significant effect on it. The third variable of interest, namely economic structure, had a negative and significant effect on energy consumption. These results led to various recommendation for policymakers and future research in the concluding section. |
| format | Article |
| id | doaj-art-1d7ca3765c8245dc8eb47d03e80e93ff |
| institution | DOAJ |
| issn | 2332-2039 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj-art-1d7ca3765c8245dc8eb47d03e80e93ff2025-08-20T03:22:21ZengTaylor & Francis GroupCogent Economics & Finance2332-20392022-12-0110110.1080/23322039.2022.2058157Determinants of energy consumption: The case of African oil exporting countriesAkindele John Ogunsola0Christian Kakese Tipoy1School of Accounting, Economics and Finance, University of KwaZulu-Natal, Durban South AfricaSchool of Accounting, Economics and Finance, University of KwaZulu-Natal, Durban South AfricaPersistent energy consumption issues are ascribed to the failure of energy planners to understand the various macroeconomic factors that influence energy consumption. Therefore, we investigated the factors influencing energy consumption in six net African oil-exporting countries (AOECs) between 1980 and 2018. Our contribution to the literature is the use of estimators; cross-sectional autoregressive distributed lag (CS-ARDL) and cross-sectional distributed lag (CS-DL) modelling approaches, which take into account the time dynamics, the heterogeneity of different countries and cross-sectional dependence, to explore the relationship between energy consumption and its major determinants, such as openness, economic structure and per capita income. The results revealed that per capita income did not impact significantly on energy consumption in AOECs during the period under study, while trade openness had a positive and significant effect on it. The third variable of interest, namely economic structure, had a negative and significant effect on energy consumption. These results led to various recommendation for policymakers and future research in the concluding section.https://www.tandfonline.com/doi/10.1080/23322039.2022.2058157trade opennesseconomic structureper capita incomeenergy consumptioncross-sectional autoregressive distributed lagcross-sectional distributed lag |
| spellingShingle | Akindele John Ogunsola Christian Kakese Tipoy Determinants of energy consumption: The case of African oil exporting countries Cogent Economics & Finance trade openness economic structure per capita income energy consumption cross-sectional autoregressive distributed lag cross-sectional distributed lag |
| title | Determinants of energy consumption: The case of African oil exporting countries |
| title_full | Determinants of energy consumption: The case of African oil exporting countries |
| title_fullStr | Determinants of energy consumption: The case of African oil exporting countries |
| title_full_unstemmed | Determinants of energy consumption: The case of African oil exporting countries |
| title_short | Determinants of energy consumption: The case of African oil exporting countries |
| title_sort | determinants of energy consumption the case of african oil exporting countries |
| topic | trade openness economic structure per capita income energy consumption cross-sectional autoregressive distributed lag cross-sectional distributed lag |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2022.2058157 |
| work_keys_str_mv | AT akindelejohnogunsola determinantsofenergyconsumptionthecaseofafricanoilexportingcountries AT christiankakesetipoy determinantsofenergyconsumptionthecaseofafricanoilexportingcountries |