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Electricity Consumption-Economic Growth Nexus: The Ghanaian Case
TLDR
In this article, the Toda and Yomamoto Granger Causality Test was used to carry out the test of causality between electricity consumption and economic growth from 1971 to 2008.Abstract:
Research into the electricity-economic growth nexus has important implications for energy conservation measures and environmental policy. However, results from the energy-economic growth nexus have been mixed in the literature on Ghana. This posses serious problems for the country’s energy policy. Much research is thus, required to establish the direction of causality between energy and economic growth. Nonetheless, less evidence is available for Ghana. It is against this background that this study seeks to investigate the direction of causality between a type of energy, electricity, and economic growth to add to the existing argument in the literature. The Toda and Yomamoto Granger Causality Test was used to carry out the test of causality between electricity consumption and economic growth from 1971 to 2008. The results obtained herein revealed that there exists a unidirectional causality running from economic growth to electricity consumption. Thus, data on Ghana supports the Growth-led-Energy Hypothesis. The results imply that electricity conservation measures are a viable option for Ghana. Keywords : Ghana; Real GDP per capita; Electricity consumption; Toda and Yomamoto; Granger Causality Test; Bounds cointegration JEL Classifications: Q400; Q430read more
Citations
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Energy Consumption and Growth in South America: Evidence From a Panel Error Correction Model
Nicholas Apergis,James E. Payne +1 more
TL;DR: This article examined the relationship between energy consumption and economic growth for a panel of nine South American countries over the period 1980-2005 within a multivariate framework, using a panel cointegration and error correction model to infer the causal relationship.
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Analysis on the nexus of economic growth, fossil fuel energy consumption, CO2 emissions and oil price in Africa based on a PMG panel ARDL approach
Isaac Adjei Mensah,Mei Sun,Cuixia Gao,Akoto Yaw Omari-Sasu,Dongban Zhu,Benjamin Chris Ampimah,Alfred Quarcoo +6 more
TL;DR: In this article, the causal link between economic growth, fossil fuel energy consumption, carbon emissions and oil price was empirically tested from 1990 to 2015 by using a panel of 22 African countries.
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Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis
TL;DR: In this article, the causal relationship between economic growth, urbanisation and electricity consumption in the case of Angola, while utilizing the data over the period of 1971-2009, was investigated.
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Carbon dioxide emissions, economic growth, industrial structure, and technical efficiency: Empirical evidence from Ghana, Senegal, and Morocco on the causal dynamics
TL;DR: In this paper, the authors investigated the short-run causal relationships and the long-run equilibrium relationships among carbon dioxide emissions, economic growth, technical efficiency, and industrial structure for three African countries.
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The nexus between electricity consumption and economic growth in Bahrain
TL;DR: In this paper, the authors explored the relationship between electricity consumption, foreign direct investment, capital and economic growth in the case of the Kingdom of Bahrain using the ARDL bounds testing approach and found that cointegration exists among the series.
References
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Investigating causal relations by econometric models and cross-spectral methods
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