Energy-growth nexus and energy demand in Ghana: A review of empirical studies

Paul Kwakwa

MPRA Paper from University Library of Munich, Germany

Abstract: The paper reviews and assesses empirical studies on the causal relationship between energy and growth, and energy demand in Ghana over the years. It is found through the review that studies have not reached a consensus on the direction of causality between energy and growth, an outcome which could be attributed to the differences in the period for study, source of data and estimation methods. Generally, socioeconomic factors particularly affect demand for energy at the micro level, while the level of industrialization, urbanization, policy regime and industrial efficiency have been identified to influence demand for energy at the macro level. For policy purposes, other areas like intensity of energy use, conservation behavior and willingness to pay for energy services need to be researched into.

Keywords: Energy consumption; Economic growth; Households, Granger causality; Ghana (search for similar items in EconPapers)
JEL-codes: O1 O13 O4 (search for similar items in EconPapers)
Date: 2014-03-24, Revised 2014-04-01
New Economics Papers: this item is included in nep-afr and nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:54971

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