Energy and Economic Poverty: An Assessment by Studying the Causality Between Energy Consumption and Economic Growth in the Economic Community of West Africa States (ECOWAS)

2011 ◽  
Author(s):  
Ouedraogo Nadia
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
West Africa ◽  
Economic Community

Organized crime, corruption and the challenges of economic growth in the economic community of West African states

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mallam Isgogo Mohammed ◽  
Abbsinejad Hossein ◽  
Chukwudi C. Nwokolo
Keyword(s):  
Economic Growth ◽  
West Africa ◽  
Organized Crime ◽  
West African ◽  
Least Square ◽  
Policy Implications ◽  
Series Data ◽  
Economic Community ◽  
Data Set ◽  
Content Type

Purpose This study aims to examine organized crime, corruption and their challenges to the economic growth of the Economic Community of West African States (ECOWAS). Organized crime and corruption can have a grossly negative impact on the economic growth process of every system, but the extent of damage they have needs to be measured to determine the policy implications to the region. Design/methodology/approach The study uses the fixed effects model and the feasible generalized least square known also as the random-effects model with the pooled ordinary least square as a control on the defined objectives using secondary time series data that covers the period 2000 to 2019 for 11 countries in the ECOWAS region. The panel nature of the data set provides a rich degree of freedom with 220 (20 years for 11 countries – 20*11 = 220) observations. Findings Results show among others that organized crime does not have a significant impact on economic growth, whereas corruption significantly reduces economic growth. Research limitations/implications Unavailability of data affected the scope of the study in the areas of a number of countries selected and years chosen for the study. The implication is that it would have given the study better degrees of freedom. Practical implications The practical implication of this study has exposed corruption hinders economic growth in West Africa. Social implications The social implication of the study is that it has exposed that though the organized crime was a bad phenomenon it does not retard economic growth significantly in West Africa. Originality/value This study is original and of immense importance as its the first study to focus on organized crime and corruption’s influence on economic growth among West African states.

scholarly journals Renewable energy consumption and economic growth nexus: A fresh evidence from West Africa

2019 ◽  
Vol 5 ◽  
pp. 384-392 ◽  
Author(s):  
Ibrahim Kabiru Maji ◽  
Chindo Sulaiman ◽  
A.S. Abdul-Rahim
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
West Africa ◽  
Renewable Energy Consumption

The Nexus between Financial Development, Economic Growth and Energy Consumption in India: A VECM Technique

2020 ◽  
pp. 602-612
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Consumer Price Index ◽  
Development Economic ◽  
Energy Prices ◽  
Vector Error Correction ◽  
Percent Increase ◽  
Growth Energy ◽  
The Impact

The demand for energy consumption requires efficient financial development in terms of bank credit. Therefore, this study examines the nexus between Financial Development, Economic Growth, Energy Prices and Energy Consumption in India, utilizing Vector Error Correction Model (VECM) technique to determine the nature of short and long term relationships from 2010 to 2019. The estimation of results indicates that a one percent increase in bank credits to private sector results in 0.10 percent increase in energy consumption and 0.28 percent increase in energy consumption responses to 1 percent increase in economic growth. It is also observed that the impact of energy price proxied by consumer price index is statistically significant with a negative sign indicating the consistency with the theory.

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