Income Elasticities of Electric Power Consumption: Evidence from African Countries
نویسنده
چکیده
The paper examines the income elasticity of electric power consumption power (YEEPC) in Africa. This study constitutes the first attempt to explore the relationship between electricity consumption per capita and real GDP per capita for 16 African countries in a panel dimension over the period 1971 – 2002. Bi-directional causality exists and all tests support a long run relationship between the two variables. As such, the long run elasticities are computed by employing FMOLS and DOLS and are found to be below unity. Furthermore, the YEEPC is found to be pro-cyclical.
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