Does energy consumption improve human capital development? Empirical evidence from panel non‐linear autoregressive distributed lag in Africa

IF 1.5 Q2 ECONOMICS OPEC Energy Review Pub Date : 2023-09-12 DOI:10.1111/opec.12294
John Bosco Dramani, Bright Tetteh, Mahawiya Sulemana, Godfred Aawarr
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Abstract

Abstract The contributions of human capital to improvement in socio‐economic outcomes have generated significant interest in its determinants. On one hand, there is the orthodox view which states that energy consumption does not promote human capital development. In contrast, the heterodoxies argue that energy consumption is an essential driver of human capital development. Thus, we explore the asymmetric effects of energy consumption on human capital development for 22 African countries from 2000 to 2018 within the framework of panel non‐linear ARDL (NARDL). The long‐run results indicate that energy consumption is vital for human capital development. Specifically, in the long‐run, positive and negative shocks to energy consumption significantly improve human development. In addition, we find that economic growth, government effectiveness and foreign direct investment improve human capital only in the long‐run, while carbon dioxide emission retards it in both the long‐ and short‐runs. We found similar results for oil and non‐oil producing countries, ECOWAS, SADC, CEN‐SAD and COMESA countries.
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能源消耗能促进人力资本发展吗?来自非洲面板非线性自回归分布滞后的经验证据
摘要人力资本对改善社会经济成果的贡献已经引起了人们对其决定因素的极大兴趣。一方面,正统观点认为能源消耗不会促进人力资本的发展。与此相反,异端认为,能源消耗是人力资本发展的重要驱动力。因此,我们在面板非线性ARDL (NARDL)框架内探讨了2000年至2018年22个非洲国家能源消费对人力资本发展的不对称影响。长期研究结果表明,能源消耗对人力资本发展至关重要。具体而言,从长期来看,能源消耗的正面和负面冲击都能显著促进人类发展。此外,我们发现经济增长、政府效率和外国直接投资仅在长期内改善了人力资本,而二氧化碳排放在长期和短期内都阻碍了人力资本的发展。我们在石油和非石油生产国、西非经共体、南共体、CEN - SAD和东南非共同市场国家中发现了类似的结果。
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来源期刊
OPEC Energy Review
OPEC Energy Review ECONOMICS-
CiteScore
2.90
自引率
4.50%
发文量
34
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