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Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] Cogent Economics & Finance [ISSN:] 2332-2039 [Volume:] 10 [Issue:] 1 [Article No.:] 2058157 [Year:] 2022 [Pages:] 1-17
Verlag: 
Taylor & Francis, Abingdon
Zusammenfassung: 
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.
Schlagwörter: 
trade openness
economic structure
per capita income
energy consumption
cross-sectional autoregressive distributed lag
cross-sectional distributed lag
JEL: 
F10
H10
H24
Q40
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