Consumption of Electricity and Industrial Growth in the Case of Ghana
Joint Authors
Abokyi, Eric
Appiah-Konadu, Paul
Sikayena, Isaiah
Oteng-Abayie, Eric F.
Source
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-06-06
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
We examine the causative relationship amongst electricity consumption and industrial growth in Ghana for the period of 1971 to 2014.
The results of the ARDL bounds test showed that long-run relationship exists among the variables.
The error correction term was also significant and negatively signed providing further evidence of long-run relationship.
Contrary to the widespread belief that electricity consumption spurs productivity, the study reveals that electricity consumption has a negative impact on manufacturing sector output in Ghana.
This occurrence could be explained by the fact that whiles the average growth in electricity consumption in Ghana is positive, the share of industrial sector’s electricity consumption continues to decline on the average.
The Toda-Yamamoto test shows a unidirectional causality running from electricity consumption to industrial growth in Ghana, supporting the growth hypothesis in the extant literature.
American Psychological Association (APA)
Abokyi, Eric& Appiah-Konadu, Paul& Sikayena, Isaiah& Oteng-Abayie, Eric F.. 2018. Consumption of Electricity and Industrial Growth in the Case of Ghana. Journal of Energy،Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1184636
Modern Language Association (MLA)
Abokyi, Eric…[et al.]. Consumption of Electricity and Industrial Growth in the Case of Ghana. Journal of Energy No. 2018 (2018), pp.1-11.
https://search.emarefa.net/detail/BIM-1184636
American Medical Association (AMA)
Abokyi, Eric& Appiah-Konadu, Paul& Sikayena, Isaiah& Oteng-Abayie, Eric F.. Consumption of Electricity and Industrial Growth in the Case of Ghana. Journal of Energy. 2018. Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1184636
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1184636