期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2011
卷号：2
期号：1
页码：34-40
语种：English
出版社：EconJournals
摘要：This study has examined the causality between disaggregated energy consumption (electricity and fossil consumption) and overall growth, agricultural and manufacturing growth in Ghana’s economy over the period 1971-2007. By employing the Augmented Dickey Fuller test all variables were found to be integrated of the order one and the Johansen test showed the presence of cointegration between the variables. The granger causality test for the study indicated a unidirectional causality from overall growth to electricity and fossil consumption; a unidirectional causality from agriculture to electricity consumption both in the short and long run; and a feedback relationship between manufacturing and electricity consumption. Energy seem not be an essential factor of production in the agricultural sector but important in the manufacturing sector therefore, it is recommended that efforts be geared towards ensuring a high supply of energy to the manufacturing sector in order to keep up its contribution to the economy. Keywords : Energy consumption; Economic growth; Cointegration; Granger causality; Ghana JEL Classifications: C3; O4; Q43
