What Factors Drive Energy Consumption in Ghana?

Ackah, Ishmael and Appiah-Adu, Kwaku and Ahunu, Linda (2015): What Factors Drive Energy Consumption in Ghana?

Abstract

Whilst most countries have drafted energy policies, the desired goals of these policies are not met. One reason may be the failure to distinguish between renewable and non-energy. The purpose of this study is to estimate the impact of economic and non-economic factors on renewable and non-renewable energy demand. The Structural Time Series Model is applied to renewable studies for the first time. The findings indicate that productivity growth and income are the major drivers of renewable and non-renewable energy consumption in Ghana. It is recommended that there should be more investments in productivity to help control non-renewable energy demand.

• Item Type: MPRA Paper
• Language: English
• Keywords: Renewable energy, non-renewable energy, productivity, energy consumption
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q21 - Demand and Supply ; Prices; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q30 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q42 - Alternative Energy Sources; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

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