Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/298255 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
AGDI Working Paper No. WP/23/064
Verlag: 
African Governance and Development Institute (AGDI), Yaoundé
Zusammenfassung: 
When commodity prices rise in international markets, Africa's economic performance scarcely improves, and when commodity prices fall, its economic performance suffers substantially. This study examines the effect of oil price shocks on Africa's energy transition (ET). Data is obtained for 53 African countries between 2000 and 2020, with the Driscoll and Kraay and Panel VAR regression procedures used. The results reveal that oil price shocks have an adverse influence on Africa's ET, with the findings being strong in both rural and urban contexts. Furthermore, the results expose that the adverse effect is visible only in net crude oil exporting countries, whereas net oil importing countries have no significant effect. Moreover, oil price shocks cannot explain Africa's urban-rural differences in clean energy access. As policy implications, African policymakers should reduce the rural-urban gap in clean energy by investing more in clean energy and technologies in rural areas, which help enhance the resilience of the energy sector to oil price shocks.
Schlagwörter: 
Crude oil price shocks
energy transition
Panel VAR
Africa
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
668.11 kB





Publikationen in EconStor sind urheberrechtlich geschützt.