Browsing by Author "Iddrisu, K.S."

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Energy consumption and economic growth: Evidence from the West African Sub Region
(West African Journal of Applied Ecology, 2018) Twerefou, D.K.; Iddrisu, K.S.; Twum, E.A.
The availability of reliable energy supply to meet the demand of the growing population in West Africa is important for achieving not only economic growth but also meeting the sustainable development aspirations of the subregion. However, conflicting conclusions have been espoused on the energy-growth nexus with little information on the nexus in the sub-region. In this study we employ the panel cointegration techniques and data on total energy consumption, electricity consumption and petroleum consumption to establish the causal relationship between energy consumption and economic growth for the seventeen countries in the West African sub region. The results indicate that in the short run, there is no causal relationship running from total energy, electricity and petroleum consumption to growth. However, there is a unidirectional relationship running from growth to electricity consumption indicating that conservation policies in electricity may not have effect on economic growth. In the long run however, electricity and petroleum consumption were found to have a positive and significant impact on growth suggesting that policy choices should focus on enhancing the generation of these types of energy. © 2018, Ecological Laboratory. All rights reserved.
Energy Consumption And Economic Growth: Evidence From The West African Sub-Region
(University of Ghana, 2017-07) Iddrisu, K.S.
The availability of reliable energy supply to meet the exigency of the growing population in West Africa is important in achieving sustainable development and reducing poverty in the continent. Diverse studies have sought to examine the link between energy consumption and growth. However, the consensus with reference to the causal link if any between energy consumption and growth is not explicit. Conflicting conclusions have been espoused on the energy-growth nexus and this has necessitated this study. In this study, we employ panel cointegration and granger causality to examine the relationship between energy consumption disaggregated into total energy consumption, petroleum consumption and electricity consumption for seventeen West African countries for the period 1990 to 2013. The study finds that in the short run, there is no causal relationship running from total energy consumption, electricity consumption and petroleum consumption to growth and from growth to total energy consumption. However, in the short run, the conservation hypothesis is established as there is a unidirectional relationship running from growth to electricity consumption. As well, electricity consumption has a significant effect on petroleum consumption. In the long run, total energy consumption has a negative and significant effect on growth with electricity and petroleum consumption having a positive and significant effect on growth. Also, in the long run, there is no causal relationship among the variables. The study therefore recommends that policies that will enhance access to electricity are implemented.