What Factors Drive Energy Consumption in Ghana?
Kwaku Appiah-Adu and
MPRA Paper from University Library of Munich, Germany
Whilst most countries have drafted energy policies, the desired goals of these policies are not met. One reason may be the failure to distinguish between renewable and non-energy. The purpose of this study is to estimate the impact of economic and non-economic factors on renewable and non-renewable energy demand. The Structural Time Series Model is applied to renewable studies for the first time. The findings indicate that productivity growth and income are the major drivers of renewable and non-renewable energy consumption in Ghana. It is recommended that there should be more investments in productivity to help control non-renewable energy demand.
Keywords: Renewable energy; non-renewable energy; productivity; energy consumption (search for similar items in EconPapers)
JEL-codes: Q2 Q21 Q30 Q4 Q42 Q43 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:66095
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