EconPapers    
Economics at your fingertips  
 

On The Demand Dynamics of Electricity in Ghana: Do Exogenous Non-Economic Variables Count?

Ishmael Ackah, Frank Adu () and Richard Opoku Takyi
Additional contact information
Richard Opoku Takyi: University of Knutsford, Accra, Ghana

International Journal of Energy Economics and Policy, 2014, vol. 4, issue 2, 149-153

Abstract: The purpose of this study is to identify and quantify the effect of endogenous and exogenous economic factors on electricity demand in Ghana. The Structural Time Series Model is employed due to its ability to capture exogenous non-economic variables. The findings reveal that education has significant effect on electricity consumption in both the short and the long run. Education has inverse relationship with electricity consumption implying that the more consumers are educated, the less electricity they consume. The study also reveals that price changes have less impact on electricity consumption in the short run and that efficiency in electricity consumption has improved since 1971 and will continue for the next twenty years. The study recommends that more public education should be carried out to enhance energy conservation and also, realistic prices should be charge for electricity consumption to allow private investment into the sector.

Keywords: electricity consumption; efficiency; economic factorsJournal: International Journal of Energy Economics and Policy (search for similar items in EconPapers)
JEL-codes: O40 Q43 Q49 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.econjournals.com/index.php/ijeep/article/download/703/417 (application/pdf)
http://www.econjournals.com/index.php/ijeep/article/view/703/417 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2014-02-4

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().

 
Page updated 2024-04-12
Handle: RePEc:eco:journ2:2014-02-4