The Energy Demand–Economic Growth Dynamics Theory (ED-EGD Theory): Insights from Ghana (1970 - 2011)

Samuel Asuamah Yeboah

MPRA Paper from University Library of Munich, Germany

Abstract: The paper proposes the Energy Demand–Economic Growth Dynamics Theory (ED-EGD Theory) based on empirical findings from Ghana over the period 1970 to 2011. The theory emphasises the dynamic and long-term interactions between energy demand determinants and economic growth in the context of a developing economy. By utilising a comprehensive dataset spanning four decades and applying robust econometric models (ARDL, Johansen cointegration, Gregory and Hansen structural break tests, and ARIMA forecasting), this study offers a historical foundation for understanding energy-growth linkages. The theoretical model derived from these insights remains relevant to contemporary debates on sustainable energy use and economic planning in emerging economies. While the data ends in 2011, the methodological approach and conceptual development presented in this paper provide a valuable framework for ongoing research and policy formulation.

Keywords: Energy demand; economic growth; structural breaks; Ghana; ARDL; Johansen; ARIMA; fiscal policy (search for similar items in EconPapers)
JEL-codes: C32 O55 Q43 (search for similar items in EconPapers)
Date: 2025-03-07, Revised 2025-04-08
New Economics Papers: this item is included in nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:124513

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