出版社：The Economics and Social Development Organization (TESDO)
摘要：This study examines the factors which influence Economic Growth, measure the growth rate of total factor productivity (TFP) and examine the relationship between TFP, nonrenewable energy consumption and renewable energy consumption to economic growth in oil producing African countries. An augmented production function is employed to estimate the TFP. In addition, a panel cointegration and a fixed effect model in a Pooled least squares are used to examine the relationship among the variables. The findings suggest that the growth rate of total factor productivity is negative. The panel estimations indicate a significant relationship between economic growth, non-renewable energy consumption, renewable energy consumption, capital and human capital development. The Granger causality test indicates that there is a unidirectional causality from non-renewable energy to growth but bidirectional causality between renewable energy and growth in the long run. The study recommends investment in commercial sources of renewable energy to boost energy supply and investment in factors that will enhance TFP growth.
关键词：Total Factor Productivity; Renewable Energy Consumption; Energy Consumption
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