DOI: 10.1016/j.enpol.2020.111922
论文题名: Power supply and manufacturing growth: Evidence from Cameroon
作者: Amadu I. ; Samuel F.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 147 语种: 英语
中文关键词: Cameroon
; Industrial Growth
; Manufacturing
; Power supply
英文关键词: Electric power generation
; Electric power systems
; Energy policy
; Least squares approximations
; Manufacture
; Electricity supply
; Foreign direct investments
; Industrial policies
; Industrial production
; Manufacturing growth
; Ordinary least square methods
; Positive correlations
; Private investment
; Investments
; correlation
; electricity supply
; energy use
; foreign direct investment
; growth rate
; investment
; least squares method
; manufacturing
; Cameroon
英文摘要: Inadequate and unstable power supply constitute a major constraint to industrial production in Cameroon. This paper evaluates the long-term impact of power deficits on the country's manufacturing growth, using a Fully Modified Ordinary Least Square Method, and selected data from 2016 World Development Indicators, covering the period 1977–2014. For each variable used in the estimations, only data for Cameroon was retrieved for the period under study. The findings reveal that there is a strong and positive correlation of 0.904256/1 between power supply and manufacturing growth in the long-term. Moreover, a percentage decrease in electricity supply reduces annual manufacturing growth and gross capital formation by 0.07% and 0.28% respectively. Furthermore, Foreign Direct Investment inflows augment manufacturing value added by 0.39% yearly. It is recommended that: first, the government of Cameroon should increase its investments in the energy sector to boost power supply by 10% annually, in order to raise manufacturing growth by 0.7% in a year and 7% in a decade. Secondly, incentives to encourage private investments in the energy sector should be put in place to spur power production and supply. Overall, the findings imply that power supply must remain at the epicenter of economic and industrial policies in Cameroon. © 2020 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/166979
Appears in Collections: 气候变化与战略
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作者单位: Ministry of Scientific Research and Innovation, National Committee for the Development of Technologies, P.O. BOX 1457, Yaounde, Cameroon; University of Yaounde II-Soa, Faculty of Economics and Management, P.O. BOX 18, Soa, Cameroon
Recommended Citation:
Amadu I.,Samuel F.. Power supply and manufacturing growth: Evidence from Cameroon[J]. Energy Policy,2020-01-01,147