Investigating the multivariate Granger causality between energy consumption, economic growth and CO 2 emissions in Ghana

Appiah, Michael Owusu

doi:10.1016/j.enpol.2017.10.017

Cited by 184 publications

(114 citation statements)

References 45 publications

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“…In other words, an increment in Economic Development (GDP) will lead to an augmentation into energy consumption, although no other way around. This result confirms the findings found in some previous works (Bartleet & Gounder, 2010;John et al, 1978;Masih & Masih, 1996;Mensah, 2014;Owusu, 2018;Panayotou, 1993). While, the opposite causal link has been found by Kivyiro and Arminen (2014) Other significant results of the causality tests revealed that there is one-way causality from CO2 outflows to economic development (DGP), indicating that the highest CO2 outflows will lead to a tremendous increase in economic development.…”

Section: Results Of Granger Causality Long-run Testsupporting

confidence: 90%

“…Similarly, for Kenya, Odhiambo (2010); Mensah (2014) indicated a link of energy utilization to economic development, while (Kivyiro & Arminen, 2014) showed no significant. For a study on a single country, Owusu (2018) focused his work on -Investigating the multivariate Granger causality between energy consumption, economic growth and CO2 emissions in Ghana‖ accounting for 1960 -2015 and adopted Granger causality and cointegration techniques. The empirical analysis showed that series were cointegrated and causality between energy utilization and carbon dioxide (CO2) emissions were displayed.…”

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confidence: 99%

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Analysis of the Link between CO2 Outflows, Energy Utilization, and Economic Development in a Developing Country: Evidence from Republic of Congo

Pea-Assounga

Yao

Peprah

et al. 2020

International Journal of Sustainable Energy and Environmental R

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Article History Keywords CO2 outflows Energy utilization Economic development Analysis Developing country.Developing countries play a number one role in international green-economic development as key holders of green products, and services. Nonetheless, these countries are not sufficiently concerned within the debates on expansion policies, due to their crucial implication in worldwide feasible development. This research aims to analyze the relationship between CO2 outflows, energy utilization, and economic development in the Republic of Congo as well as the presence of a causative link between the factors by applying the Vector Autoregressive model, including as additional proxies' variables gross-fixed-capital-formation, and rural population. The data cover the period 1985-2018 using cointegration and causality techniques as a methodological approach. The Granger causality test outcomes of cointegrated variables showed that there is one-way Granger causality running from real GDP to Energy utilization, and running from dioxide outflows to real income as well as twoway causative link between Energy utilization and CO2 outflows in Congo. The results also display a bidirectional causal link between the rural population and Energy utilization. Overall evidence confirms that the practice of energy conservancy approach may lead to a significant and negative effect on economic development. Contribution/Originality:This study contributes in the existing literature by using modern econometric time series approaches to examine the nexus between CO2 outflows, energy utilization and economic development. The findings showed that the governments should invest in renewable energy to cut-off CO2 emissions.

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Section: Results Of Granger Causality Long-run Testsupporting

confidence: 90%

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confidence: 99%

Analysis of the Link between CO2 Outflows, Energy Utilization, and Economic Development in a Developing Country: Evidence from Republic of Congo

Pea-Assounga

Yao

Peprah

et al. 2020

International Journal of Sustainable Energy and Environmental R

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“…This study found that development of stock market was truly related to CO 2 emissions as the most significant difference, according to compassion between this study and previous publications. [ 2,13,15,16,19,25 ] Moreover, this study used a nonlinear relationship to observe the carbon emissions and structural changes in the growth of stock market. Furthermore, the GDP threshold was employed to analyze the offsetting relationship between stock market development and carbon emissions changes at different thresholds.…”

Section: Resultsmentioning

confidence: 99%

“…[ 7,8 ] Scholars started to investigate certain economic factors regarding environmental degradation since GHG emissions became one of the most critical issues currently facing the globe. [ 2,9–17 ]…”

Section: Introductionmentioning

confidence: 99%

Analysis of Stock Market Development and CO₂ Emissions on OECD Countries via an Empirical Model

Chen

Chang

et al. 2020

CLEAN Soil Air Water

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Accompanying economic growth, CO 2 emissions have polluted the natural environment worldwide. This study highlights the special problems with stock market development and CO 2 emissions in 25 Organization for Economic Cooperation and Development (OECD) countries during 1971-2007 to trace the trend of CO 2 emissions while countries grow their economies. A panel-data model is applied to analyze the relationships between stock market (SM) development, energy consumption, gross domestic product (GDP), and CO 2 emissions in 25 OECD countries. Low-GDP countries show different results from high-GDP countries in the trends of SM development and CO 2 emissions, and dynamic effects occur in SM development and CO 2 emissions under various GDP conditions. There is a negative relationship between SM development and CO 2 emissions if countries enjoy high economic growth, which means that these countries avoid CO 2 emissions through SM development. However, a positive relationship is found between SM development and CO 2 emissions if countries experience low economic growth, which means that SM development does not show the boycott-effect relationship with CO 2 emissions when countries experience low levels of economic development. This study shows a correlation between SM development and CO 2 emissions among OECD countries.

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“…They conclude that democratic states have higher growth rates than autocratic states. M. Owusu(2018) [26] examines the causal interdependence between energy consumption, economic growth, and CO 2 emissions in Ghana from 1960 to 2015 using Toda-Yamamoto and Granger causality tests. The cointegration approach Johansen and Johan-Journal of Power and Energy Engineering sen-Juselius and the autoregressive distributed shift limit test approach are used to test the cointegration relationship.…”

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confidence: 99%

Impact of Sustainable Electricity for Cameroonian Population through Energy Efficiency and Renewable Energies

Flora¹,

Njomo²,

Tchinda³

et al. 2019

JPEE

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Access to electricity and a reliable supply of energy are essential elements of local economic development and poverty reduction. To address these challenges, appropriate policies and mechanisms at the national and regional levels need to be implemented. In this study, we used Johanson cointegration and Granger causality techniques to examine the different cointegration and causal relationships that exist between the growth of electricity consumption (CE) and socio-economic parameters (GDP, tertiary GDP, GDP per capita, number of households, number of subscribers and population) in Cameroon during the period from 1975 to 2011. The results from the software Eviews 7.2 show that there are cointegration relationships between electricity consumption and socio-economic indicators (LGDPH, LPO and LS) thus reflecting the long-term relationship between socio-economic growth and electricity consumption (CE). Consumption growth could, therefore, follow socio-economic growth. In addition, the analysis of the Granger causality test results reveals that there is a unidirectional causal relationship of macroeconomic indicators towards electricity consumption. That is, LGDPG to LCE, LGDPH to LCE, and LGDPT to LCE. There is also a unidirectional relationship between LCE and the demographic indicators that is the relationship of LCE to LS (number of subscribers). We can, therefore, conclude that the indicators that have a better influence on electricity consumption are the overall GDP for the macroeconomic indicators and the population for the socio-demographic indicators respectively. In addition, the analysis of renewable energy potential (EnRs) shows us that Cameroon enjoys good irradiation throughout its territory, hence its high solar potential. The wind speed is unevenly distributed over the territory, it has an average speed in the region of How to cite this paper: Flora, F.M.I., Donatien, N., Tchinda, R. and Hamandjoda, O. (2019) Impact of Sustainable Electricity for Cameroonian Population through Energy Efficiency and Renewable Energies. Journal of Power and Energy Engineering, 7, 11-51. .79002 12 Journal of Power and Energy Engineeringthe very north of the country, but a low speed in the rest of the territory, which justifies the low wind potential in the country. We also noticed that the forest is concentrated in the southernmost part of the country, mainly in the eastern and southern regions. After study, we concluded that it is possible to truncate thermal power plants with renewable energy plants. We proposed to trade the thermal power stations of additions by biomass plants. We also offer hybrid solar-biomass power plants for isolated power plants; and solar-wind hybrid power plants for the Far North region of the country, given its strong wind power potential. We also identified the sources of over-consumption and estimated the amount of energy that could be saved by developing an energy efficiency plan (10%) with the standard scenario that would take into account good energy-saving practices. We then estimated at...

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Investigating the multivariate Granger causality between energy consumption, economic growth and CO 2 emissions in Ghana

Cited by 184 publications

References 45 publications

Analysis of the Link between CO2 Outflows, Energy Utilization, and Economic Development in a Developing Country: Evidence from Republic of Congo

Analysis of the Link between CO2 Outflows, Energy Utilization, and Economic Development in a Developing Country: Evidence from Republic of Congo

Analysis of Stock Market Development and CO₂ Emissions on OECD Countries via an Empirical Model

Impact of Sustainable Electricity for Cameroonian Population through Energy Efficiency and Renewable Energies

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Investigating the multivariate Granger causality between energy consumption, economic growth and CO 2 emissions in Ghana

Cited by 184 publications

References 45 publications

Analysis of the Link between CO2 Outflows, Energy Utilization, and Economic Development in a Developing Country: Evidence from Republic of Congo

Analysis of the Link between CO2 Outflows, Energy Utilization, and Economic Development in a Developing Country: Evidence from Republic of Congo

Analysis of Stock Market Development and CO2 Emissions on OECD Countries via an Empirical Model

Impact of Sustainable Electricity for Cameroonian Population through Energy Efficiency and Renewable Energies

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Analysis of Stock Market Development and CO₂ Emissions on OECD Countries via an Empirical Model