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The fundamental importance of energy for socio-economic existence cannot be over-emphasized. With an annual average growth rate of 3.6% over the period of 1998 and 2008, the Bolivian economic statistics shows that over 60% of the country's GDP growth rate can be attributed to its export sector....
Persistent link: https://www.econbiz.de/10012967135
In this paper, attempt was made to examine the determinants of energy intensity taking cognisance of countries' natural resource endowments. Time series data from a sample of two countries each with varying level of resource endowment was reviewed and analysed. The results of the investigation...
Persistent link: https://www.econbiz.de/10013020762
Nigeria is blessed with vast natural resources from Oil to Natural Gas, Hydroelectricity, biomass, coal etc., but up till now it cannot meet its domestic energy need, a lot of the energy consumed in the economy is being imported which results in a huge drain to its balance of payment. Access to...
Persistent link: https://www.econbiz.de/10012985855