 Electricity consumption, exports, and economic growth in the democratic republic of Congo: an Ardl-bounds testing approachJournal of Developing Areas, 2014, vol. 48, issue 4, 189-207 Abstract: In this paper we examine the causal relationship between electricity consumption, exports and economic growth in the DRC, using the newly developed ARDL-bounds testing approach. In order to account for the omission-of-variable bias, the study incorporates exports as an intermittent variable between electricity consumption and economic growth – thereby creating a simple multivariate model. The empirical results of this study show that, while both electricity consumption and economic growth Granger-cause each other in the short run; in the long run, it is economic growth that Granger-causes electricity consumption in the DRC. This finding has important policy implications, as it indicates that the DRC's long-term economic growth is not fully dependent on the electricity consumption. This implies that in the long run, the country could successfully pursue electricity conservation measures – without necessarily stifling its economic growth. Keywords: Congo-DRC; Electricity Consumption; Economic Growth; ARDL-bounds Testing Approach (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:jda:journl:vol.48:year:2014:issue4:pp:189-207 Access Statistics for this article More articles in Journal of Developing Areas from Tennessee State University, College of Business Contact information at EDIRC. |
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