<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This paper analyzes the relationship between electricity consumption and economic growth, as well as the determinants of this relationship, in the countries of the West African Economic and Monetary Union (WAEMU) over the period from 1990 to 2018. The results obtained from the Autoregressive Lagged Model (ARDL) show that, in the long run, economic growth, the degree of international openness, and gross fixed capital formation explain electricity consumption. In the short run, no variable affects this consumption. Furthermore, in the country-by-country model, the results indicate differentiated effects. They show, in the long and short term, the absence of the effects of economic growth on electrical energy consumption.</p>
</abstract>

This paper analyzes the relationship between electricity consumption and economic growth, as well as the determinants of this relationship, in the countries of the West African Economic and Monetary Union (WAEMU) over the period from 1990 to 2018. The results obtained from the Autoregressive Lagged Model (ARDL) show that, in the long run, economic growth, the degree of international openness, and gross fixed capital formation explain electricity consumption. In the short run, no variable affects this consumption. Furthermore, in the country-by-country model, the results indicate differentiated effects. They show, in the long and short term, the absence of the effects of economic growth on electrical energy consumption.

Electricity Consumption and Economic Growth in WAEMU Countries: an Empirical Analysis using Panel Data

Valahian Journal of Economic Studies

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

This paper analyzes the relationship between electricity consumption and economic growth, as well as the determinants of this relationship, in the countries of...

Electricity Consumption and Economic Growth in WAEMU Countries: an Empirical Analysis using Panel Data

Data publikacji: 07 lis 2022

Zakres stron: 33 - 42

DOI: https://doi.org/10.2478/vjes-2022-0013

Słowa kluczowe
electrical energy consumption, economic growth, degree of international openness

© 2022 Ferdinand Moussavou et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Electricity Consumption and Economic Growth in WAEMU Countries: an Empirical Analysis using Panel Data

Data publikacji: 07 lis 2022

Zakres stron: 33 - 42

DOI: https://doi.org/10.2478/vjes-2022-0013

Słowa kluczoweelectrical energy consumption, economic growth, degree of international openness

© 2022 Ferdinand Moussavou et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Słowa kluczowe
electrical energy consumption, economic growth, degree of international openness