Dynamic panel modelling of electricity consumption and Economic Community of West African States (ECOWAS)
The effect of electricity consumption on economic growth of the Economic Community of West African States (ECOWAS) Member Countries has been examined during the period 2007–2016. The study applied both static and dynamic panel models in the form of Fixed‐Effect, Random‐Effect, Difference GMM and Sys...
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| Veröffentlicht in: | OPEC energy review 2019-12, Vol.43 (4), p.399-412 |
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| creator | Inuwa, Nasiru Adamu, Sagir Saidu, Abubakar Mohammed Sani, Muhammad Bello |
| description | The effect of electricity consumption on economic growth of the Economic Community of West African States (ECOWAS) Member Countries has been examined during the period 2007–2016. The study applied both static and dynamic panel models in the form of Fixed‐Effect, Random‐Effect, Difference GMM and System GMM. The results revealed that electricity consumption has a positive and statistically significant impact on economic growth for both static and dynamic panel models. Capital has also been found to have impacted positively and significantly on economic growth in both models. Similarly, labour showed a positive and significant impact on economic growth system GMM model only. Since the study supports electricity consumption led‐growth hypothesis, therefore, it is recommended that ECOWAS countries should explore other alternative sources of electricity generation in order to ensure sufficient and reliable supply of electricity. This can be achieved at individual country level by utilising the potentials of renewable endowments such as biomass, biofuels and solar energy available to each country. Equally, the regional efforts to establish West African Power Pool (WAPP) and West African Gas Pipeline (WAGP) in order to increase the supply as well as grid reliability should be strengthened. |
| doi_str_mv | 10.1111/opec.12150 |
| format | Article |
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The study applied both static and dynamic panel models in the form of Fixed‐Effect, Random‐Effect, Difference GMM and System GMM. The results revealed that electricity consumption has a positive and statistically significant impact on economic growth for both static and dynamic panel models. Capital has also been found to have impacted positively and significantly on economic growth in both models. Similarly, labour showed a positive and significant impact on economic growth system GMM model only. Since the study supports electricity consumption led‐growth hypothesis, therefore, it is recommended that ECOWAS countries should explore other alternative sources of electricity generation in order to ensure sufficient and reliable supply of electricity. This can be achieved at individual country level by utilising the potentials of renewable endowments such as biomass, biofuels and solar energy available to each country. 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The study applied both static and dynamic panel models in the form of Fixed‐Effect, Random‐Effect, Difference GMM and System GMM. The results revealed that electricity consumption has a positive and statistically significant impact on economic growth for both static and dynamic panel models. Capital has also been found to have impacted positively and significantly on economic growth in both models. Similarly, labour showed a positive and significant impact on economic growth system GMM model only. Since the study supports electricity consumption led‐growth hypothesis, therefore, it is recommended that ECOWAS countries should explore other alternative sources of electricity generation in order to ensure sufficient and reliable supply of electricity. This can be achieved at individual country level by utilising the potentials of renewable endowments such as biomass, biofuels and solar energy available to each country. Equally, the regional efforts to establish West African Power Pool (WAPP) and West African Gas Pipeline (WAGP) in order to increase the supply as well as grid reliability should be strengthened.</description><subject>2007–2016</subject><subject>Biofuels</subject><subject>Biomass energy production</subject><subject>Capital</subject><subject>Consumption</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economic models</subject><subject>Economics</subject><subject>ECOWAS-Staaten</subject><subject>Electricity</subject><subject>Electricity consumption</subject><subject>Electricity generation</subject><subject>Elektrizität</subject><subject>Elektrizitätsversorgung</subject><subject>Energiekonsum</subject><subject>Gas pipelines</subject><subject>Impact analysis</subject><subject>Labour</subject><subject>Natural gas</subject><subject>Power</subject><subject>Random effects</subject><subject>Reliability</subject><subject>Solar energy</subject><subject>Statistical analysis</subject><subject>Submarine pipelines</subject><subject>Wirtschaftswachstum</subject><issn>1753-0229</issn><issn>1753-0237</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kEtLxDAUhYsoOI5u_AUBNyp0zKNt2uVQ6wMGRhhlliFJU8nQJrVpkf57Uyu6827uJXzn3NwTBJcIrpCvO9squUIYxfAoWCAakxBiQo9_Z5ydBmfOHSBMMIXRItD3o-GNlqDlRtWgsaWqa23ega2AqpXsOy11PwJpjRuattfWAG5KUPgHO-ly2zSDmRCv2CvXg3XlNdyAXc975cB1kW_3693NeXBS8dqpi5--DN4eitf8KdxsH5_z9SaUBCMYUgqhgBFJM4pxjAQp0ywrRRWlQoo0ghkWcUYyIRJeJlJSmVSUIoUTmQicEUyWwdXs23b2Y_AfYgc7dMavZJhElMAowamnbmdKdta5TlWs7XTDu5EhyKYo2RQl-47Sw2CGlb9auz80RVFMKIbII2hGPnWtxn_M2PalyGfbL8nUf6w</recordid><startdate>201912</startdate><enddate>201912</enddate><creator>Inuwa, Nasiru</creator><creator>Adamu, Sagir</creator><creator>Saidu, Abubakar Mohammed</creator><creator>Sani, Muhammad Bello</creator><general>Blackwell Publishing Ltd</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>7TA</scope><scope>7TN</scope><scope>7TQ</scope><scope>8BJ</scope><scope>8FD</scope><scope>C1K</scope><scope>DHY</scope><scope>DON</scope><scope>F1W</scope><scope>FQK</scope><scope>H96</scope><scope>JBE</scope><scope>JG9</scope><scope>L.G</scope><scope>SOI</scope></search><sort><creationdate>201912</creationdate><title>Dynamic panel modelling of electricity consumption and Economic Community of West African States (ECOWAS)</title><author>Inuwa, Nasiru ; Adamu, Sagir ; Saidu, Abubakar Mohammed ; Sani, Muhammad Bello</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3210-7700b0438972251b3d899dbf48bcb84092b5939bb6ad6cc7c6f771e26c6b29323</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>2007–2016</topic><topic>Biofuels</topic><topic>Biomass energy production</topic><topic>Capital</topic><topic>Consumption</topic><topic>Economic development</topic><topic>Economic growth</topic><topic>Economic models</topic><topic>Economics</topic><topic>ECOWAS-Staaten</topic><topic>Electricity</topic><topic>Electricity consumption</topic><topic>Electricity generation</topic><topic>Elektrizität</topic><topic>Elektrizitätsversorgung</topic><topic>Energiekonsum</topic><topic>Gas pipelines</topic><topic>Impact analysis</topic><topic>Labour</topic><topic>Natural gas</topic><topic>Power</topic><topic>Random effects</topic><topic>Reliability</topic><topic>Solar energy</topic><topic>Statistical analysis</topic><topic>Submarine pipelines</topic><topic>Wirtschaftswachstum</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Inuwa, Nasiru</creatorcontrib><creatorcontrib>Adamu, Sagir</creatorcontrib><creatorcontrib>Saidu, Abubakar Mohammed</creatorcontrib><creatorcontrib>Sani, Muhammad Bello</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>Environment Abstracts</collection><collection>Materials Business File</collection><collection>Oceanic Abstracts</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Technology Research Database</collection><collection>Environmental Sciences and Pollution Management</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ASFA: Aquatic Sciences and Fisheries Abstracts</collection><collection>International Bibliography of the Social Sciences</collection><collection>Aquatic Science & Fisheries Abstracts (ASFA) 2: Ocean Technology, Policy & Non-Living Resources</collection><collection>International Bibliography of the Social Sciences</collection><collection>Materials Research Database</collection><collection>Aquatic Science & Fisheries Abstracts (ASFA) Professional</collection><collection>Environment Abstracts</collection><jtitle>OPEC energy review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Inuwa, Nasiru</au><au>Adamu, Sagir</au><au>Saidu, Abubakar Mohammed</au><au>Sani, Muhammad Bello</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Dynamic panel modelling of electricity consumption and Economic Community of West African States (ECOWAS)</atitle><jtitle>OPEC energy review</jtitle><date>2019-12</date><risdate>2019</risdate><volume>43</volume><issue>4</issue><spage>399</spage><epage>412</epage><pages>399-412</pages><issn>1753-0229</issn><eissn>1753-0237</eissn><abstract>The effect of electricity consumption on economic growth of the Economic Community of West African States (ECOWAS) Member Countries has been examined during the period 2007–2016. The study applied both static and dynamic panel models in the form of Fixed‐Effect, Random‐Effect, Difference GMM and System GMM. The results revealed that electricity consumption has a positive and statistically significant impact on economic growth for both static and dynamic panel models. Capital has also been found to have impacted positively and significantly on economic growth in both models. Similarly, labour showed a positive and significant impact on economic growth system GMM model only. Since the study supports electricity consumption led‐growth hypothesis, therefore, it is recommended that ECOWAS countries should explore other alternative sources of electricity generation in order to ensure sufficient and reliable supply of electricity. This can be achieved at individual country level by utilising the potentials of renewable endowments such as biomass, biofuels and solar energy available to each country. Equally, the regional efforts to establish West African Power Pool (WAPP) and West African Gas Pipeline (WAGP) in order to increase the supply as well as grid reliability should be strengthened.</abstract><cop>Oxford</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/opec.12150</doi><tpages>14</tpages></addata></record> |
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| ispartof | OPEC energy review, 2019-12, Vol.43 (4), p.399-412 |
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| source | Wiley Online Library Journals Frontfile Complete; PAIS Index; EBSCOhost Business Source Complete |
| subjects | 2007–2016 Biofuels Biomass energy production Capital Consumption Economic development Economic growth Economic models Economics ECOWAS-Staaten Electricity Electricity consumption Electricity generation Elektrizität Elektrizitätsversorgung Energiekonsum Gas pipelines Impact analysis Labour Natural gas Power Random effects Reliability Solar energy Statistical analysis Submarine pipelines Wirtschaftswachstum |
| title | Dynamic panel modelling of electricity consumption and Economic Community of West African States (ECOWAS) |
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