Stochastic convergence in per capita energy consumption and its catch-up rate : Evidence from 26 African countries

Journal article


Pan, Lei and Maslyuk-Escobedo, Svetlana. (2019). Stochastic convergence in per capita energy consumption and its catch-up rate : Evidence from 26 African countries. Applied Economics. 51(24), pp. 2566-2590. https://doi.org/10.1080/00036846.2018.1549793
AuthorsPan, Lei and Maslyuk-Escobedo, Svetlana
Abstract

Using annual data from 1971 to 2014, we examine stochastic conditional convergence in per capita energy consumption for 26 low income, lower middle-income and upper-middle-income African countries. To do so, we use panel unit root tests that allow for cross-sectional dependence and structural breaks as well as the recently developed univariate Residual Augmented Least Squares-Lagrange multiplier (RALS-LM) unit root test with structural breaks. Although for most countries our evidence suggests stochastic conditional convergence, we find divergence for four countries including DR Congo, Senegal, Egypt and Botswana. Consistent with the neoclassical growth models we also examine the catch-up rate between energy consumption levels of African economies and that one of China and investigate its convergence properties. As African economies continue to grow, regional energy consumption disparity narrows, African energy consumption levels will catch up to the ones in China.

KeywordsAfrica; catch-up rate; convergence; unit root; structural breaks
Year2019
JournalApplied Economics
Journal citation51 (24), pp. 2566-2590
PublisherRoutledge
ISSN0003-6846
Digital Object Identifier (DOI)https://doi.org/10.1080/00036846.2018.1549793
Scopus EID2-s2.0-85057606689
Research or scholarlyResearch
Page range2566-2590
Publisher's version
License
All rights reserved
File Access Level
Controlled
Output statusPublished
Publication dates
Online26 Nov 2018
Publication process dates
Deposited21 Dec 2021
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