Authors :
Dr. Olukotun, Monsuru Adedeji; Ezomo Odion Taiwo; Dr. Soares, Bolaji Adewale
Volume/Issue :
Volume 11 - 2026, Issue 8 - August
Google Scholar :
https://tinyurl.com/3t6dr8nj
Scribd :
https://tinyurl.com/2tk7jp2n
DOI :
https://doi.org/10.38124/ijisrt/26aug225
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Abstract :
This study provides a dynamic panel econometric analysis investigating the macroeconomic relationship between
electricity supply (ELEC), physical capital formation (GFCF), public fiscal allocation (GOVT), foreign direct investment
(FDI), and real economic output (GDP) across four major regional African economies—Egypt, Nigeria, South Africa, and
Kenya—over the 1990–2025 period (N=32).
Keywords :
Electricity Supply, Economic Growth, Panel ARDL, System GMM, Infrastructure Governance, African Power Sector, Infrastructure-Efficiency Gap.
References :
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- North, D. C. (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press.
- Okojokwu-idu, A., Bello, M., & Eze, C. (2025). Bottlenecks to Sustainable Energy Development in Sub-Saharan Africa. Energy Policy and Development Review, 18(2), 112–130.
- Ouedraogo, N. S. (2013). The electricity-growth nexus: A dynamic panel data approach. The Journal of Energy and Development, 39(1/2), 229–254.
- Romer, P. M. (1986). Increasing returns and long-run growth. Journal of Political Economy, 94(5), 1002–1037. https://doi.org/10.1086/261420
- Solow, R. M. (1956). A contribution to the theory of economic growth. The Quarterly Journal of Economics, 70(1), 65–94. https://doi.org/10.2307/1884513.
This study provides a dynamic panel econometric analysis investigating the macroeconomic relationship between
electricity supply (ELEC), physical capital formation (GFCF), public fiscal allocation (GOVT), foreign direct investment
(FDI), and real economic output (GDP) across four major regional African economies—Egypt, Nigeria, South Africa, and
Kenya—over the 1990–2025 period (N=32).
Keywords :
Electricity Supply, Economic Growth, Panel ARDL, System GMM, Infrastructure Governance, African Power Sector, Infrastructure-Efficiency Gap.