The transition between energy efficient and energy inefficient states in Cameroon

• 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.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

Nyckelord

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

Publikations- och innehållstyp

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