TITLE:
Energy Consumption, Economic Growth and Carbon Emissions: Evidence from the Top Three Emitters in Africa
AUTHORS:
Hilaire Nkengfack, Hervé Kaffo Fotio
KEYWORDS:
Energy Consumption, Economic Growth, Carbon Emissions, ARDL Approach, Toda-Yamamoto Test
JOURNAL NAME:
Modern Economy,
Vol.10 No.1,
January
10,
2019
ABSTRACT: This study analyses the cointegration and the causal
relationship between energy consumption, economic growth and carbon emissions,
using aggregate and disaggregate measures of energy consumption for Algeria,
Egypt and South Africa over the period 1971-2015. Based on the ARDL, our results show that
aggregate energy consumption and economic growth have positive and significant
impacts on carbon dioxide (CO2)
both in the long and short run in those countries. At the disaggregated level, the main energy-related drives of carbon
emissions are oil, electricity and coal consumption in Algeria,
Egypt and South Africa, respectively. In addition, the implementation of the
Toda-Yamamoto test for causality reveals the existence of several types of relationship
between CO2 emissions, economic growth and energy consumption.