A Bivariate Modelling of the Electricity Consumption-Financial Development Nexus for Ghana

Samuel Yeboah

MPRA Paper from University Library of Munich, Germany

Abstract: The current study modelled the long run and short run links between financial developments and disaggregate energy consumption (electricity consumption) in Ghana for the period 1970 to 2011 using Autoregressive Distributed Lad Model (ARDL). The findings of the study on the cointegration test indicate significant evidence of cointegration between electricity consumption and financial development. The findings seem to suggest that financial development is a key explanatory variable in electricity consumption management in order to attain sustainable energy consumption and economic growth. The issues of structural breaks in unit root and direction of causality should be consider in future studies.

Keywords: Electricity consumption, financial development; cointegration; long run (search for similar items in EconPapers)
JEL-codes: O13 O16 P28 P34 Q42 Q43 (search for similar items in EconPapers)
Date: 2017-01-23
New Economics Papers: this item is included in nep-ene
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76390

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