Energy-growth nexus and energy demand in Ghana: A review of empirical studies

Type Journal Article - Applied Research Journal
Title Energy-growth nexus and energy demand in Ghana: A review of empirical studies
Author(s)
Volume 1
Issue 1
Publication (Day/Month/Year) 2014
URL http://mpra.ub.uni-muenchen.de/54971/1/MPRA_paper_54971.pdf
Abstract
The paper reviews and assesses empirical studies on the causal relationship between energy and growth, and energy demand in Ghana over the years. It is found through the review that studies have not reached a consensus on the direction of causality between energy and growth, an outcome which could be attributed to the differences in the period for study, source of data and estimation methods. Generally, socioeconomic factors particularly affect demand for energy at the micro level, while the level of industrialization, urbanization, policy regime and industrial efficiency have been identified to influence demand for energy at the macro level. For policy purposes, other areas like intensity of energy use, conservation behavior and willingness to pay for energy services need to be researched into.

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