Using a two-step system generalized method of moment (GMM) technique and a panel data for 43 sub-Sahara African countries from 1998 to 2012, this article examines the drivers of energy intensity. Specifically, the article tests two hypotheses: (1) improved banking performance does not foster energy efficiency improvements, and (2) institutional quality (democracy) does not compromise the energy-saving role of improved banking performance. The study uses a unique bank-based data by Andrianova et al.
Energy and the Macroeconomy
The main purpose of this study is to test the hypothesis of the rebound effect for the South African case in the years between 1990 to 2014 by firstly, decomposing the driving forces of the changes in CO2 emissions of the country and secondly, comparing with the behaviors of other emerging economies such as BRICS.
Education has been regarded throughout history as one of the main drivers of economic development and innovation, and can be viewed as one of the means available to nations for encouraging energy education, implementation of renewable energy and reduced energy consumption. This paper analyses the causal and empirical relationship between primary energy consumption and education for a group of developed and developing countries, as well as an aggregate panel of the developed and developing country groups for the period 1980-2013.
The South African economy has suffered over the past decade due to a lack of adequate electricity supply. With two new coal-fired power stations, Kusile and Medupi, scheduled to come online over a six year period (2014-2019), their additional generation capacity is expected to restore electricity reserve margins and facilitate increased growth and investment in the local economy.