Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.10.017 |
Investigating the multivariate Granger causality between energy consumption, economic growth and CO2 emissions in Ghana | |
Appiah, Michael Owusu1,2 | |
2018 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2018 |
卷号 | 112页码:198-208 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; Ghana |
英文摘要 | The economy of Ghana continues to witness a rising demand for energy coupled with growth in gross domestic product that follows a wavy trajectory. In the midst of this economic phenomenon, there is a trend of increasing greenhouse gas emissions with attendant economic, health, and environmental consequences. This paper examines the causal interdependence between energy consumption, economic growth, and CO2 emissions in Ghana from 1960 to 2015 by using the Toda-Yamamoto and Granger causality tests. The Johansen and Johansen-Juselius cointegration approach and the Autoregressive Distributed Lag bounds-test approach are employed to test for cointegration relationship. The results show that the variables are cointegrated. The causality tests reveal that there is feedback Granger causality between energy consumption and CO2 emissions. Since there is a causal link between energy consumption and economic growth with its concomitant effect on CO2 emissions, any energy conservation-oriented policy not derived from energy efficiency and technological progress may hurt the Ghanaian-economy. In effect, more effort should be aimed at improving energy efficiency through technological progress, and investment should be made in renewable energy to reduce over-reliance on fossil fuels. |
英文关键词 | Energy consumption Economic growth Cointegration Granger Causality Autoregressive distributed lag model |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000416615800021 |
WOS关键词 | NUMERICAL DISTRIBUTION-FUNCTIONS ; BOUNDS TESTING APPROACH ; SUB-SAHARAN AFRICA ; TIME-SERIES ; UNIT-ROOT ; ERROR-CORRECTION ; ELECTRICITY CONSUMPTION ; COINTEGRATION VECTORS ; DEVELOPING-COUNTRIES ; NEXUS |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18862 |
专题 | 气候变化 |
作者单位 | 1.City Univ Hong Kong, Sch Energy & Environm, Kowloon, Hong Kong, Peoples R China; 2.Univ Cape Coast, Sch Business, Cape Coast, Ghana |
推荐引用方式 GB/T 7714 | Appiah, Michael Owusu. Investigating the multivariate Granger causality between energy consumption, economic growth and CO2 emissions in Ghana[J]. ENERGY POLICY,2018,112:198-208. |
APA | Appiah, Michael Owusu.(2018).Investigating the multivariate Granger causality between energy consumption, economic growth and CO2 emissions in Ghana.ENERGY POLICY,112,198-208. |
MLA | Appiah, Michael Owusu."Investigating the multivariate Granger causality between energy consumption, economic growth and CO2 emissions in Ghana".ENERGY POLICY 112(2018):198-208. |
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