Modelling electricity consumption in Ghana: the role of financial development indicators

Author:

Ansu-Mensah Peter, ,Kwakwa Paul Adjei,

Abstract

<abstract> <p>Access to electricity is touted as one of the ways of reducing poverty and improving the livelihoods of people. However, an increased consumption may also contribute to higher carbon dioxide emissions. While many studies have therefore assessed the determinants of electricity consumption for developing countries that have a lower electricity consumption and inadequate supply to meet demand, the effect of financial development on electricity consumption has been mixed. Consequently, this study models electricity consumption in Ghana with special attention on the effect of financial development. The results show that price reduces electricity consumption while income and population density increase consumption of electricity. When financial development is represented by domestic credit to private sector, domestic credit to private sector by banks and broad money supply, the effect is negative on electricity consumption. However, the effect is positive when financial development is represented by foreign direct investment. A financial index constructed from the four indicators shows financial development reduces electricity consumption in Ghana. Among other things the policy implication includes the need to formulate appropriate policy based on a specific indicator for financial development.</p> </abstract>

Publisher

American Institute of Mathematical Sciences (AIMS)

Cited by 7 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3