Electricity Consumption-Economic growth nexus: The Ghanaian case

International Journal of Energy Economics and Policy

Volumn 1, Issue 1, 2011, Pages 18-31

  Adom, Philip Kofi ^a  

^a UNIVERSITY OF GHANA   (Ghana)

Author keywords

Bounds cointegration; Electricity consumption; Ghana; Granger Causality Test; Real GDP per capita; Toda and Yomamoto

Indexed keywords

EID: 84856319295     PISSN: None     EISSN: 21464553     Source Type: Journal    
DOI: None     Document Type: Article

References (51)

1. Acaravci, A., Ozturk, I., (2010), Electricity consumption-Growth Nexus: Evidence from Panel Data for transition countries. Energy Economics 32(3), 604-608
2. Altinay, G., and Karagol, E. (2005), Electricity consumption and economic growth: evidence from Turkey. Energy Economics 27, 849-856.
3. Akarca, A.T and Long, T.V (1980), On the Relationship between Energy and GNP: A Reexamination. Journal of Energy and Development, 5, 326-31.
4. Akinlo, A.E., (2009), Electricity consumption and economic growth in Nigeria: evidence from cointegration and co-feature analysis. Journal of Policy Modelling doi:10.1016/j.jpolmod.2009.03 doi:10.1016/j.jpolmod.2009.03.004
5. Akinlo, A.E., (2008), Energy consumption and economic growth: evidence from 11 African countries: Energy Economics 30, 2391-2400.
6. Amusa H., Amusa K. and Mabugu R. (2009), Aggregate demand for electricity in South Africa. Energy policy 37, 4167-4175
7. Apergis, N. and J.E. Payne (2009), The emissions, energy consumption, and growth nexus: Evidence from the commonwealth of independent states. Energy Policy 38(1): 650-655
8. Budgement Statement, (2007), The Republic of Ghana.
9. Engle, R.F., and Granger, C.W.J. (1987), Cointegration and Error Correction Representative, Estimation and testing: Econometrica 55, 251-276
10. Fatai, K, Oxley, L and Scrimgeour, F.G (2004), Modelling the causal relationship between energy consumption and GDP in New Zealand, Australia, India, Indonesia, the Philippines and Thailand: Mathematics and Computers in Simulation, 64, 431-45.
11. Ghali, K.H., El-Sakka, M.I.T., (2004), Energy use and output growth in Canada: a multivariate cointegration analysis. Energy Economics 26, 225-238.
12. Ghosh, S., (2009), Electricity supply, employment and real GDP in India: evidence from cointegration and Granger-causality tests. Energy Policy 37 (8), 2926-2929.
13. Ghosh, S., (2002), Electricity consumption and economic growth in India: Energy policy 30, 125-129
14. Giles, J.A., Mizra S. (1998), Some pre-testing issues on testing for Granger non-causality: Econometric working papers, EWP9914. Department of Economics, University of Victoria, Canada.
15. Granger G.W.J., (1969), Investigating causal relations by econometric models and cross-spectral methods: Econometrica 37. 424-438
16. Guttormsen, A.G. (2004), Causality between Energy Consumption and Economic Growth: Department of Economics and Resource Management, Agriculture University of Norway. Norway.
17. Halicioglu, F., (2007), Residential electricity demand dynamics in Turkey. Energy Economics 29 (2), 199-210.
18. Hansen, B.E., Seo, B., (2002), Testing for two-regime threshold cointegration in vector errorcorrection models. Journal of Econometrics 110, 293-318.
19. Ho, C-Y., Siu, K.W., (2007), A dynamic equilibrium of electricity consumption and GDP in Hong Kong: an empirical investigation. Energy Policy 35 (4), 2507-2513.
20. ISSER. (2000-2009), State of the Ghanaian Economy. University of Ghana, Legon-Accra
21. Johansen, S., (1996), Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, second ed: Oxford University Press, Oxford. Johansen,
22. Johansen S, and Juselius K. (1990), Maximum likelihood estimation and inference on cointegration with applications to the demand for money. Oxford Bulletin of Econonomics and Statistics, 52, 169-210.
23. Kraft, J., and Kraft A. (1978), On the relationship between energy and GNP: Journal of Energy Development, 3, 401-403
24. Lee, C.C (2005), Energy consumption and GDP in developing countries: a cointegrated panel analysis: Energy Economics, 27, 415-27.
25. Masih, A.M.M., Masih, R., (1997), On temporal causal relationship between energy consumption, real income and prices; some new evidence from Asian energy dependent NICs based on a multivariate cointegration/vector error correction approach. Journal of Policy Modeling 19 (4), 417-440.
26. Mavrotas G. and Kelly R. (2001), Old wine in New bottles testing causality between savings and growth: The Manchester School. Vol. 69: 97-105
27. Morimoto, R., Hope, C., (2004), The impact of electricity supply on economic growth in Sri Lanka. Energy Economics 26, 77-85.
28. Narayan, P.K., Smyth, R., (2005), Electricity consumption, employment and real income in Australia evidence from multivariate Granger causality tests. Energy Policy 33, 1109-1116.
29. Narayan, P.K., (2005), The saving and investment nexus for China: evidence from cointegration tests. Applied Economics 37, 1979-1990.
30. Odhiambo, N.M., (2009a), Energy consumption and economic growth nexus in Tanzania: an ARDL bounds testing approach. Energy Policy 37 (2), 617-622.
31. Odhiambo, N.M., (2009b), Electricity consumption and economic growth in South Africa: a trivariate causality test. Energy Economics 31 (5), 635-640.
32. Ozturk, I., (2010), A literature survey on Energy-Growth Nexus. Energy Policy, 38(1), 340-49.
33. Ozturk, I., Acaravci, A., (2011), Electricity consumption-real GDP causality nexus: Evidence from ARDL Bounds testing approach for 11 MENA countries. Applied Energy, 88(8), 2885-2892.
34. Payne, J.E., (2009), On the dynamics of energy consumption and output in the US. Applied Energy 86 (4), 575-577.
35. Pesaran, M.H., Shin, Y.C., and Smith, R., (2001), Bound testing approaches to the analysis of level relationships: Journal of Applied Econometrics 16, 289-326.
36. Pesaran, M.H., and Pesaran, B., (1997), Working with Microfit 4.0: Interactive Econometric analysis: Oxford University Press, Oxford.
37. th century: Cambridge University Press, Cambridge.
38. Rambaldi, A.N. and H.E. Doran (1996), Testing for Granger non-causality in cointegrated systems made easy: Working Papers in Econometrics and Applied Statistics 88, Department of Econometrics.
39. Sari, R and Soytas, U. (2007), The growth of income and energy consumption in six Developing countries: Energy Policy Vol. 35 (2) pp. 889-98.
40. Shiu, A., Lam, P., (2004), Electricity consumption and economic growth in China. Energy Policy 32, 47-54.
41. Sims C. (1972), Money, Income and Causality: American Economic Review, 62, 540-552
42. Soytas, U., Sari, R., (2009), Energy consumption, economic growth, and carbon emissions: challenges faced by an EU candidate member. Ecological Economics 68 (6), 1667-1675.
43. Soytas, U., and Sari, R, (2003), Energy consumption and GDP: causality relationship in G-7 countries and emerging markets: Energy economics, Vol.25, pp.33-37.
44. Stern, D.I., (2000), A multivariate cointegration analysis of the role of energy in the US macroeconomy. Energy Economics 22, 267-283.
45. Tang, C.F., (2008), A re-examination of the relationship between electricity consumption and economic growth in Malaysia. Energy Policy 36 (8), 3077-3085.
46. Toda, H.Y., Yamamoto, T. (1995), Statistical inference in vector autoregressions with possibly integrated processes: Journal of Econometrics 66, 225-250.
47. Twerefo D.K., Akoena S.K.K., Egyir-Tettey F.K. and Mawutor G., (2008), Energy consumption and economic growth: evidence from Ghana. Department of Economics, University of Ghana, Ghana
48. Wolde-Rufael, Y., 2006), Electricity consumption and economic growth: a time series experience for 17 African countries: Energy Policy 34, 1106-1114.
49. Yu, E.S.H., Choi, P.C.Y., and Choi, J.Y., (1988), The relationship between energy and employment: a re-examination: Energy Systems Policy 11, 287-295.
50. Yu, E.S.H., and Hwang, B.K., (1984), The relationship between energy and GNP: further results. Energy Economics 6,168-266.
51. Zapata, H. O., and A. N. Rambaldi (1997), Monte Carlo evidence on cointegration and causation: Oxford Bulletin of Economics and Statistics 52, 285-298.