Impact of Gas Production, Utilization and Flaring on Economic Growth: Evidence from the Republic of Congo - Open Journal of Business and Management

OJBM > Vol.9 No.3, May 2021

Open Journal of Business and Management

Volume 9, Issue 3 (May 2021)

ISSN Print: 2329-3284 ISSN Online: 2329-3292

Google-based Impact Factor: 2.35 Citations

Impact of Gas Production, Utilization and Flaring on Economic Growth: Evidence from the Republic of Congo ()

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Download as PDF (Size: 581KB) PP. 1492-1509

DOI: 10.4236/ojbm.2021.93080 382 Downloads 1,640 Views Citations

Author(s)

Prince Valdano Itoua^1*, Durell Esperance Ndinga Manguet², Gilhaimé Mouanda-Mouanda³

Affiliation(s)

¹School of Economics and Management, North China Electric Power University, Beijing, China.
²School of Management and Economics, Hubei University of Technology, Wuhan, China.
³School of Economics, Henan University, Kaifeng, China.

ABSTRACT

The purpose of this study is to investigate the impact of the gas production, gas use and gas flaring on economic growth of the Republic of Congo during the period 2006-2019. The results of the unit root test reveal that the bulk of variables are stationary at level and therefore integrated of order zero, however, labor input which is stationary at first difference and integrated of order one. The test of Johansen cointegration shows that all time series are cointegrated and have a long-run equilibrium relationship. We also perform the Granger-causality test which proves that only gas production and gas utilization cause economic growth in our study. The OLS regressions suggest gas production impacts adversely and significantly GDP while gas utilization significantly stimulates GDP.

KEYWORDS

Gas, Economic Growth, Time Series, Cointegration Test, Unit Root Test, Republic of Congo

Share and Cite:

Itoua, P. , Manguet, D. and Mouanda-Mouanda, G. (2021) Impact of Gas Production, Utilization and Flaring on Economic Growth: Evidence from the Republic of Congo. Open Journal of Business and Management, 9, 1492-1509. doi: 10.4236/ojbm.2021.93080.

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