On The Demand Dynamics of Electricity in Ghana: Do Exogenous Non-Economic Variables Count?

İshmael ACKAH; Frank ADU; Richard Opoku TAKYİ

Article Details

On The Demand Dynamics of Electricity in Ghana: Do Exogenous Non-Economic Variables Count?

Authors:

İshmael ACKAH | Frank ADU | Richard Opoku TAKYİ

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Energy Economics and Policy 2014 Vol.4 Issue 2, pp.149-153

Document Type:

Article

Publication Date:

5/2014

Document Language:

Turkish

Document ID (Org No.):

2000816705

Frequency:

Bimonthly

eISSN:

2146-4553

Abstract:

 

The purpose of this study is to identify and quantify the effect of endogenous and exogenous economic factors on electricity demand in Ghana. The Structural Time Series Model is employed due to its ability to capture exogenous non-economic variables. The findings reveal that education has significant effect on electricity consumption in both the short and the long run. Education has inverse relationship with electricity consumption implying that the more consumers are educated, the less electricity they consume. The study also reveals that price changes have less impact on electricity consumption in the short run and that efficiency in electricity consumption has improved since 1971 and will continue for the next twenty years.  The study recommends that more public education should be carried out to enhance energy conservation and also, realistic prices should be charge for electricity consumption to allow private investment into the sector.

Article Details

On The Demand Dynamics of Electricity in Ghana: Do Exogenous Non-Economic Variables Count?

Authors: İshmael ACKAH | Frank ADU | Richard Opoku TAKYİ

Publisher: İlhan ÖZTÜRK

Journal: International Journal of Energy Economics and Policy 2014 Vol.4 Issue 2, pp.149-153

Document Type: Article

Publication Date: 5/2014

Document Language: Turkish

Document ID (Org No.): 2000816705

Frequency: Bimonthly

eISSN: 2146-4553

Issues

Authors:

İshmael ACKAH | Frank ADU | Richard Opoku TAKYİ

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Energy Economics and Policy 2014 Vol.4 Issue 2, pp.149-153

Document Type:

Article

Publication Date:

5/2014

Document Language:

Turkish

Document ID (Org No.):

2000816705

Frequency:

Bimonthly

eISSN:

2146-4553