Adom, Philip Kofi
- Institutionen för skogsekonomi, Sveriges lantbruksuniversitet
Sammanfattning
I use a two-state (energy efficient/inefficient) Markov-switching dynamic model to study energy efficiency in Cameroon in a novel manner, employing yearly data covering 1971 to 2012. I find that the duration of an energy inefficient state is about twice as long as an energy efficient state, mainly due to fuel subsidies, low income, high corruption, regulatory inefficiencies, poorly developed infrastructure and undeveloped markets. To escape from an energy inefficient state a broad policy overhaul is needed. Trade liberalization and related growth policies together with the removal of fuel subsidies are useful, but insufficient policy measures; the results suggest that they should be combined with structural policies, aiming at institutional structure and investment in infrastructure. (C) 2015 Elsevier B.V. All rights reserved.
Nyckelord
Energy efficiency; Transition between energy states; Cameroon; Markov-switching dynamic model
Publicerad i
Energy Economics
2016, volym: 54, sidor: 248-262
Utgivare: ELSEVIER SCIENCE BV
SLU författare
Globala målen (SDG)
SDG7 Hållbar energi för alla
SDG9 Hållbar industri, innovationer och infrastruktur
SDG16 Fredliga och inkluderande samhällen
UKÄ forskningsämne
Nationalekonomi
Publikationens identifierare
- DOI: https://doi.org/10.1016/j.eneco.2015.11.025
Permanent länk till denna sida (URI)
https://res.slu.se/id/publ/83254