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

Detalhes bibliográficos
Autor(a) principal: Fuinhas, José Alberto
Data de Publicação: 2013
Outros Autores: Marques, António Cardoso
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.6/6763
Resumo: 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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spelling Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)RentierismEnergy-growth nexusARDL bounds testThe 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.uBibliorumFuinhas, José AlbertoMarques, António Cardoso2019-01-14T10:52:59Z20132013-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.6/6763eng10.1016/j.enpol.2013.07.082metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-15T09:45:32Zoai:ubibliorum.ubi.pt:10400.6/6763Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:47:24.546941Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)
title Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)
spellingShingle Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)
Fuinhas, José Alberto
Rentierism
Energy-growth nexus
ARDL bounds test
title_short Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)
title_full Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)
title_fullStr Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)
title_full_unstemmed Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)
title_sort Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)
author Fuinhas, José Alberto
author_facet Fuinhas, José Alberto
Marques, António Cardoso
author_role author
author2 Marques, António Cardoso
author2_role author
dc.contributor.none.fl_str_mv uBibliorum
dc.contributor.author.fl_str_mv Fuinhas, José Alberto
Marques, António Cardoso
dc.subject.por.fl_str_mv Rentierism
Energy-growth nexus
ARDL bounds test
topic Rentierism
Energy-growth nexus
ARDL bounds test
description 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.
publishDate 2013
dc.date.none.fl_str_mv 2013
2013-01-01T00:00:00Z
2019-01-14T10:52:59Z
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.6/6763
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dc.language.iso.fl_str_mv eng
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dc.relation.none.fl_str_mv 10.1016/j.enpol.2013.07.082
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