Bivariate modelling of the financial development-fossil fuel consumption nexus in Ghana

Samuel Yeboah

MPRA Paper from University Library of Munich, Germany

Abstract: The present paper modelled the relationship between financial developments and fossil fuel energy consumption in Ghana for the period 1970-2011 by applying Autoregressive Distributed Lad Model (ARDL). The findings of the paper on the cointegration test indicate significant evidence of cointegration between fossil fuel consumption and financial development. The findings seem to suggest that financial development is an explanatory variable in fossil fuel consumption management in achieving sustainable oil energy consumption for economic growth. The direction of causality between the two variables should be examined in future studies as well as multivariate analysis and structural breaks.

Keywords: Fossil fuel consumption, financial development; long run; short run (search for similar items in EconPapers)
JEL-codes: O13 O16 P28 P34 Q42 Q43 (search for similar items in EconPapers)
Date: 2017-01-31
New Economics Papers: this item is included in nep-ene
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76504

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