Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa

Nyakundi Michieka

EN

Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa

Abstract

This paper explores the causal relationship between electricity consumption, gross domestic product (GDP), trade openness, financial development, and industry using a vector error correction model for five sub-Saharan countries. Results indicate that in the long run, all series exert an influence on electricity consumption in Cote d’ivioire and Zambia. Short run estimates reveal causality running from financial development and GDP to electricity consumption in Cote d’ivioire and South Africa. A modified version of Granger causality developed by Toda and Yamamoto (1995) found no causality in electric power consumption for Kenya. Since these countries differ economically, politically, and geographically, no universal policy implication can be surmised.

Keywords

Electricity Consumption, Vector Error Correction Model, Sub-Saharan Africa

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Nyakundi Michieka This is me

Publication Date

September 1, 2015

Submission Date

September 1, 2015

Acceptance Date

-

Published in Issue

Year 2015 Volume: 5 Number: 3

IZ

https://izlik.org/JA79BG44SZ

Cite

RIS / Bibtex

APA

Michieka, N. (2015). Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa. International Journal of Energy Economics and Policy, 5(3), 639-646. https://izlik.org/JA79BG44SZ

AMA

1.Michieka N. Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa. IJEEP. 2015;5(3):639-646. https://izlik.org/JA79BG44SZ

Chicago

Michieka, Nyakundi. 2015. “Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa”. International Journal of Energy Economics and Policy 5 (3): 639-46. https://izlik.org/JA79BG44SZ.

EndNote

Michieka N (September 1, 2015) Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa. International Journal of Energy Economics and Policy 5 3 639–646.

IEEE

[1]N. Michieka, “Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa”, IJEEP, vol. 5, no. 3, pp. 639–646, Sept. 2015, [Online]. Available: https://izlik.org/JA79BG44SZ

ISNAD

Michieka, Nyakundi. “Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa”. International Journal of Energy Economics and Policy 5/3 (September 1, 2015): 639-646. https://izlik.org/JA79BG44SZ.

JAMA

1.Michieka N. Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa. IJEEP. 2015;5:639–646.

MLA

Michieka, Nyakundi. “Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa”. International Journal of Energy Economics and Policy, vol. 5, no. 3, Sept. 2015, pp. 639-46, https://izlik.org/JA79BG44SZ.

Vancouver

1.Nyakundi Michieka. Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa. IJEEP [Internet]. 2015 Sep. 1;5(3):639-46. Available from: https://izlik.org/JA79BG44SZ