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Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)

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  • Fuinhas, José Alberto
  • Marques, António Cardoso

Abstract

The Algerian economy is an example of a high level of rentierism, while the Egyptian economy shows a low/moderate level of rentierism. The ARDL bounds test approach was used upon annual time series data from 1965 to 2010. The results suggest cointegration for both countries. Bi-causality between energy consumption and growth in the long run was found. For Algeria there is a reversed (negative) energy–growth nexus, adding a new relationship to the traditional four causal hypotheses on the energy–growth nexus. For Egypt, we found positive elasticity both of oil price and energy, which is in line with the mainstream.

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Bibliographic Info

Article provided by Elsevier in its journal Energy Policy.

Volume (Year): 62 (2013)
Issue (Month): C ()
Pages: 1165-1171

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Handle: RePEc:eee:enepol:v:62:y:2013:i:c:p:1165-1171

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Web page: http://www.elsevier.com/locate/enpol

Related research

Keywords: Rentierism; Energy–growth nexus; ARDL bounds test;

References

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Cited by:
  1. Jamal BOUOIYOUR & Refk SELMI & Muhammad SHAHBAZ, 2014. "The Electricity Consumption in a Rentier State: Do Institutions Matter?," Working Papers 2013-2014_12, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Apr 2014.

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