TITLE:
Energy Consumption and Economic Development in Sub-Saharan African Countries: Role of Governance Quality
AUTHORS:
Hermann Clachel Lekana
KEYWORDS:
Energy Consumption, Economic Growth, Governance, Sub-Saharan Africa
JOURNAL NAME:
Modern Economy,
Vol.11 No.11,
November
24,
2020
ABSTRACT: The objective of this paper is to analyze the role
of governance quality on the relationship between economic growth and energy
consumption in a panel of twenty (20) sub-Saharan African (SSA) countries over
a period from 1996 to 2017. Techniques such as the generalized method of
moments (GMM) in dynamics and the Granger test were utilized. The results of
the estimations show that energy consumption is an essential factor in the
economic growth of SSA countries and that the quality of governance is a
catalyst of this relationship. The policy implications of these results are
elaborated.