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Energy consumption and real GDP: Panel co-integration and causality tests for sub-Saharan African countries
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This paper investigates the causal relationship between energy consumption and real GDP in 14 Sub-Saharan African countries over the period 1971–2004. The results of panel co-integration tests showed that energy consumption and real GDP do not have a stable long-run equilibrium relationship. We find that for all members of the panel, there is homogenous causality from energy consumption to real GDP and vice versa. This bi-directional causality supports the feedback hypothesis.
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Fowowe, B.
(2017). Energy consumption and real GDP: Panel co-integration and causality tests for sub-Saharan African countries.
https://doi.org/10.17159/2413-3051/2012/v23i1a3152
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