PUBLICATIONS

@workingpaper{Asongu2015bt,
title = {Testing the Relationships between Energy Consumption, CO2 emissions and Economic Growth in 24 African Countries: a Panel ARDL Approach},
author = {Ghassen El Montasser & Hassen Toumi Simplice A. Asongu},
editor = {African 2015 Governance and Development Institute WP/15/037},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Relationships-between-Energy-Consumption,-CO2-emissions.pdf},
year = {2015},
date = {2015-09-01},
abstract = {This study complements existing literature by examining the nexus between energy
consumption (EC), CO2 emissions (CE) and economic growth (GDP) in 24 African countries
using a panel ARDL approach. The following findings are established. First, there is a long
run relationship between EC, CE and GDP. Second, a long term effect from CE to GDP and
EC is apparent, with reciprocal paths. Third, the error correction mechanisms are consistently
stable. However, in cases of disequilibrium only EC can be significantly adjusted to its long
run relationship. Fourth, there is a long-run causality running from GDP and CE to EC. Fifth,
we find causality running from either CE or both CE and EC to GDP and inverse causal paths
are observable. Causality from EC to GDP is not strong, which supports the conservative
hypothesis. Sixth, the causal direction from EC to GDP remains unobservable in the short
term. By contrast, the opposite path is observable. There are also no short-run causalities from
GDP, or EC, or EC and GDP to EC. Policy implications are discussed.},
keywords = {Energy consumption; CO2 emissions; Economic growth; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}