Economic growth and electricity consumption in Cote d'Ivoire: Evidence from time series analysis

Kouakou, Auguste K.

doi:10.1016/j.enpol.2011.03.069

Cited by 123 publications

(63 citation statements)

References 50 publications

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“…This is not unconnected with the high cost of generating electricity in Nigeria, which had led to the relocation of major industries to neighboring countries and as well-grounded the operation of SMEs and displacement of the middle class. The result obtained from the estimation differs from that of Wolde-Rufael (2004), Akinlo (2009) and Kouakou (2011) which found a positive cointegrated and significant impact of electricity consumption on the level of economic growth.…”

Section: Discussion Of Resultscontrasting

confidence: 55%

Electricity Consumption and Economic Development in Nigeria

Ogundipe

Akınyemi

2014

SSRN Journal

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The study examines the relationship between electricity consumption and economic development using an extended neoclassical model for the period 1970-2013. The study incorporates the uniqueness of the Nigerian economy by controlling for the role of institutions, technology, emissions, and economic structure in the electricity consumption-development argument. The study adopted a cointegration analysis based on the Johansen and Juselius (1981) maximum Likelihood approach and a vector error correction model. In order to ensure robustness, the study adopted the wald block endogeneity causality test to ascertain the direction of causal relationship between electricity consumption and economic development. The study found an existence of long-run cointegration equation with electricity consumption inversely related to economic development. Likewise, the vector error correction model failed to reject the null hypothesis of non-convergence in the long-run. Finally, the study found evidence supporting unidirectional causal relationship running from economic development to electricity consumption.

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Section: Discussion Of Resultscontrasting

confidence: 55%

Electricity Consumption and Economic Development in Nigeria

Ogundipe

Akınyemi

2014

SSRN Journal

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“…Financial development was found to create a significant increase in both economic growth and electricity consumption in Turkey. Our finding is consistent with Kouakou (2011);Gurgul and Lach (2011);Hu and Lin (2013); Nazlioglu (2014). As a policy implication, Turkey should diversify energy supply and increase the share of renewable energy sources in energy consumption by considering their high reliance on electricity.…”

Section: Resultssupporting

confidence: 82%

“…They find that find no viable relationship between energy consumption and GNP. Kouakou (2011) investigates the causal relationship between the electric power industry and the economic growth for the case of Ivory Coast by adopting data from 1971 to 2008. The eventual of his study found that there is a bidirectional relationship running from electricity consumption to economic growth and from economic growth to electricity use in the short run.…”

Section: Introductionmentioning

confidence: 99%

A Multivariate Causality Analysis of Economic Growth and Electricity Consumption in Turkey

Altıntaş

Kassouri

2017

Energy Economics Letters

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Article History JEL Classification C22, C52, O40, Q43 This study uses time series data to examine the long-run and short-run effects of electricity consumption, real GDP per capita, exports and financial development in Turkey between 1970-2011. The study adopted structural break unit root test, ARDL bounds tests methods to test cointegration to achieve robust results. Inter-variable causal relationships were determined using the Toda and Yamamoto (1995) framework. The findings were that electricity consumption, financial development and exports are cointegrated in the long run. Following this development, financial development was found to create a significant increase in both economic growth and electricity consumption in Turkey. The findings were that electricity consumption positively impacts on the economic growth in addition to the fact that bidirectional causality between economic growth and electricity consumption were established. These results also support that, feedback hypothesis is confirmed in Turkey.Contribution/ Originality: This study contributes to the existing literature by incorporating financial development and exports into neo-classical production function in addition to using ARDL and Toda Yamamoto estimation methodologies to measure electricity consumption and economic growth in Turkey.

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“…It implies that any energy conservation policy will adversely affect the economic output, while an increase in the economic output will increase the level of energy consumption. This hypothesis of causal relation between energy consumption and economic growth was demonstrated by many authors including Belaid and Abderrahmani (2013), Hu and Lin (2013), Tang and Tan (2013), Shahbaz and Lean (2012), Zhang and Yang (2012), Kouakou (2011), Ouédraogo (2010 …”

Section: Feedback Hypothesismentioning

confidence: 99%

Causality and Cointegration between Economic Growth and Energy Consumption: Econometric Evidence from Jordan

Shahateet¹,

Al-Majali²,

Al-Hahabashneh³

2014

IJEF

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This paper aims at determining the relationship between economic growth and energy consumption in Jordan within the neo-classical productivity theory framework where capital, labour and energy are treated as separate production factors. It constructs an econometric model using annual time series data covering the period 1970-2011. After estimating the parameters of the model, it uses causality tests to examine the existence and direction of causality between output growth and production factors including energy consumption. Empirical findings suggest that there exists Granger causality running from GDP to energy consumption, but there is no Granger causality running from energy consumption to GDP. The implication being that energy supply constraints could be introduced with little or no impact on economic growth. This unidirectional causality provides empirical evidence that Jordan is a less energy-dependent economy. Such findings undermine the theory of energy conservation policies and support the Government policies that aim at raising the prices of energy and reducing public demand for energy consumption mainly to reduce the deficit of government budget, foreign debt, and its services.

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Economic growth and electricity consumption in Cote d'Ivoire: Evidence from time series analysis

Cited by 123 publications

References 50 publications

Electricity Consumption and Economic Development in Nigeria

Electricity Consumption and Economic Development in Nigeria

A Multivariate Causality Analysis of Economic Growth and Electricity Consumption in Turkey

Causality and Cointegration between Economic Growth and Energy Consumption: Econometric Evidence from Jordan

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