Population Dynamics, Energy Consumption and Economic Growth in Sub-Saharan African

EZEBUNWA; Justice Ndukwu PhD; NYECHE; Ezebunwo PhD

doi:10.56201/ijefm.v10.no1.2025.pg41.57

📄 Download Paper

Population Dynamics, Energy Consumption and Economic Growth in Sub-Saharan African

EZEBUNWA, Justice Ndukwu PhD and NYECHE, Ezebunwo PhD

Abstract

This study examined the effect of population dynamics, energy consumption, and economic growth in Sub-Saharan Africa using panel data spanning from 2010 to 2021. Sourced from World Development Indicators and Central Bank of Nigeria Statistical Bulletin, 2022. Economic growth was proxied by Real Gross Domestic Product (RGDP), while Mortality rate (MOR), Fertility rate (FER), Net Immigration (NIM), and Energy Consumption (ENCM), Electricity consumption (ELEC), and Fossil fuel Consumption (FSFC) were the proxies for population dynamics and energy consumption respectively. The variables for the study were subjected to stationarity test and the results showed that the variables were integrated at order zero I(0) and order one 1(1). The Hausman test was conducted to determine whether either fixed or random effect model is suitable for the study. While the two-system Generalized Method of moment (GMM) approach were also employed to test the hypotheses and the presence of a long-run co-integration connection. The finding reveals that mortality rate, net migration rate, energy consumption and electricity consumption all have a joint negative and significant effect on Real Gross Domestic Product of sub-Saharan Africa. While fertility rate and fossil fuel consumption have a positive and significant effect on Real Gross Domestic Product of sub-Saharan Africa. Based on the finding, the study concludes that population dynamics and energy consumption play a significant role in enhancing economic growth of sub-Saharan Africa. The paper highlights the need for sustainable population policies and energy strategies in Sub-Saharan Africa. It emphasizes the importance of investing in renewable and efficient energy sources to promote economic growth while minimizing environmental costs. It also suggests the implementation of population management policies that balance demographic trends with resource availability and socioeconomic development g

Keywords

Population Dynamicsenergy consumptioneconomic growthSub-Saharan Africa

References

Anthony, O. O, Wilson F. O, & Olorunwa J. O, (2021). Population growth, life expectancy and economic growth: a panel data analysis. Journal of Economics and Policy Analysis, 6(1), 1-12. Bhuiyan, A. M., Qiannan, Z., Qiannan, Z., Vikas, K., Alexey, M., Gabor, P., & Xiaowen, H. (2022). Renewable energy consumption and economic growth nexus, systematic review. Front. Environ. Sci., 6(3), 78-86. https://doi.org/10.3389/fenvs.2022.878394 Chen, C., Pinar, M., & Stengos, T. (2020). Renewable energy consumption and economic growth nexus: Evidence from a threshold model. Energy policy 139, 111-295. doi:10.1016/j.enpol.2020.111295. Chen, P., Chen, S., Hsu, C., & Chen, C. (2016). Modeling the global relationships among economic growth, energy consumption and Co2 emissions. Renewable and Sustainable Energy Reviews, 65, 420-431. Ezebunwa, J. N. Amini, M-A., & Amadi, R. (2022). The influence of population growth and financial development its impact on economic growth in Nigeria. Journal of Economics and Social Science Review, 1(1), 60-70. IEA (2020). World energy outlook 2020. International Energy Agency. International Energy Agency (IEA) (2020). World energy outlook 2004. International Energy Agency Isaiah, J. M. (2021). Population dynamics and economic growth in Kenya. Hungarian Statistical Review, 4(2), 18–33. Kassim, F. & Isik, A. (2020). Impact of energy consumption on industrial growth in a transition economy: Evidence from Nigeria. MPRA Paper No. 101757. Khobai, H. (2017). Does renewable energy consumption drive economic growth: Evidence from Granger causality technique. Journal of Business Economics, 1(1), 1-8. Kidane, A. (2020). The impact of population growth on economic growth: Evidence from Ethiopia using ARDL approach. Journal of Economics and Sustainable Development, 11(3), 20-32. Kuznets, S. (1967), Population and economic growth. Proceedings of the American Philosophical Society, 111, 170-193, Lekana, H. (2020). Energy consumption and economic development in sub-Saharan African countries: Role of governance quality. Modern Economy, 11, 1901-1918. doi:10.4236/me.2020.1111127. Sinding S. W. (2009). Population, poverty and economic development; A review, Phil’s and Sons Publishers. Suhana, M. D. S. (2016). Population dynamics and the nexus between human capital and economic growth in Malaysia. Victoria Institute of Strategic Economic Studies (vises), Victoria University Melbourne, Australia. Tang, C. F. & Tan, E. C. (2013). Exploring the nexus of electricity consumption, economic growth. Applied Energy, 104, 297-305, https://doi.org/10.1016/j.apenergy.2012.10.061. Tsani, S. Z. (2010), Energy consumption and economic growth: A causality analysis for Greece. Energy Economics, 32(3), 582-590.. World Bank (2023). World development indicators, World Bank. World Bank (2022). World development indicators 2021, World Bank,

Population Dynamics, Energy Consumption and Economic Growth in Sub-Saharan African

Abstract

Keywords

References

More Articles from INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT