Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306727 
Year of Publication: 
2022
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Volume:] 13 [Issue:] 1 [Year:] 2022 [Pages:] 27-53
Publisher: 
The Central Bank of Nigeria, Abuja
Abstract: 
This study examines the dynamic relationship among energy consumption, foreign direct investment, and economic growth in Sub-Sahara Africa. Beyond assessing the tripartite causal relationship, the study investigates the extent of impacts among energy consumption, foreign direct investment, and economic growth using the Gen- eralised Method of Moments. The study utilises data from 42 Sub-Saharan African countries spanning 1991 to 2018. Findings from the study show that a percentage increase in energy consumption engenders economic growth by 1.3 percent. Con- versely, economic growth increases energy consumption by 0.004 percent. Also, there is a significant one-way causality running from foreign direct investment (FDI) to economic growth. The link between energy consumption and FDI were not sta- tistically significant in both directions. The study advocates that government in Sub-Saharan Africa should ensure more energy access to enhance economic growth.
Subjects: 
Economic growth
energy consumption
foreign direct investment
Sub- Saharan Africa
JEL: 
O13
O47
Persistent Identifier of the first edition: 
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.