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

Year 2015, Volume: 5 Issue: 3, 639 - 646, 01.09.2015

Nyakundi Michieka

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

Year 2015, Volume: 5 Issue: 3, 639 - 646, 01.09.2015

Nyakundi Michieka

Abstract

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Details

Other ID JA73CS72US
Journal Section Research Article
Authors

Nyakundi Michieka This is me

Publication Date September 1, 2015
Published in Issue Year 2015 Volume: 5 Issue: 3

Cite

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.
AMA Michieka N. Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa. IJEEP. September 2015;5(3):639-646.
Chicago Michieka, Nyakundi. “Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa”. International Journal of Energy Economics and Policy 5, no. 3 (September 2015): 639-46.
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 N. Michieka, “Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa”, IJEEP, vol. 5, no. 3, pp. 639–646, 2015.
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 2015), 639-646.
JAMA 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, 2015, pp. 639-46.
Vancouver Michieka N. Short- and Long-Run Analysis of Factors Affecting Electricity Consumption in Sub-Saharan Africa. IJEEP. 2015;5(3):639-46.