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Electricity consumption and GDP in an electricity community: Evidence from bound testing cointegration and Granger-causality tests

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  • Alinsato, Alastaire Sèna
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    Abstract

    This study probes nexus between electricity consumption and GDP for the electricity community of Togo and Benin using ARDL bounds testing approach of cointegration. Long-run equilibrium has been established among these variables for Benin. The study further establishes long- and short-run Granger causality running from GDP to electricity consumption for Benin and short-run Granger causality running from GDP to electricity consumption for Togo. The results of the cointegration test and the causality reflect better the Benin and Togo economies that are less dependent on electricity. The absence of causality running from electricity consumption to GDP implies that electricity demand side management measures can be adopted to reduce the wastage of electricity, which would not affect future economic growth in the community.

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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20816.

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    Date of creation: 18 Jul 2009
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    Handle: RePEc:pra:mprapa:20816

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    Keywords: ARDL; cointegration; causality; growth; electricity;

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    1. Asafu-Adjaye, John, 1999. "The relationship between energy consumption, energy prices and economic growth: Time series evidence from Asian developing countries," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 123754, Australian Agricultural and Resource Economics Society.
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    8. Mozumder, Pallab & Marathe, Achla, 2007. "Causality relationship between electricity consumption and GDP in Bangladesh," Energy Policy, Elsevier, vol. 35(1), pages 395-402, January.
    9. Akinlo, A.E., 2009. "Electricity consumption and economic growth in Nigeria: Evidence from cointegration and co-feature analysis," Journal of Policy Modeling, Elsevier, vol. 31(5), pages 681-693, September.
    10. Edwin Muchapondwa & Obert Pimhidzai, 2008. "Modelling International Tourism Demand for Zimbabwe," Working Papers 107, Economic Research Southern Africa.
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