The transition between energy efficient and energy inefficient states in Cameroon
2016 (English)In: Energy Economics, ISSN 0140-9883, E-ISSN 1873-6181, Vol. 54, 248-262 p.Article in journal (Refereed) PublishedText
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.
Place, publisher, year, edition, pages
Elsevier, 2016. Vol. 54, 248-262 p.
Energy efficiency, Transition between energy states, Cameroon, Markov-switching dynamic model, VARAJAN S, 1991, EUROPEAN ECONOMIC REVIEW, V35, P1157 anda F. H., 2012, RENEWABLE & SUSTAINABLE ENERGY REVIEWS, V16, P4557 pplinger D., 2013, Energy, V50, P754
IdentifiersURN: urn:nbn:se:umu:diva-119082DOI: 10.1016/j.eneco.2015.11.025ISI: 000371942000023OAI: oai:DiVA.org:umu-119082DiVA: diva2:919158