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Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation

This study investigates the relationship between electricity consumption and real gross domestic product in Botswana (the world’s largest producer of diamonds). The study includes capital formation in a trivariate system for the period covering 1980-2008. Zivot and Andrews (1992) unit roots test;...

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Main Author: Adebola, Solarin Sakiru
Format: Article
Language:English
Published: EconJournals 2011
Subjects:
HC Economic History and Conditions
Online Access:http://repo.uum.edu.my/26595/1/IJEEP%201%202%202011%2032%2046.pdf
http://repo.uum.edu.my/26595/
http://econjournals.com/index.php/ijeep/article/view/27
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spelling my.uum.repo.265952019-11-14T02:17:32Z http://repo.uum.edu.my/26595/ Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation Adebola, Solarin Sakiru HC Economic History and Conditions This study investigates the relationship between electricity consumption and real gross domestic product in Botswana (the world’s largest producer of diamonds). The study includes capital formation in a trivariate system for the period covering 1980-2008. Zivot and Andrews (1992) unit roots test; bound test for cointegration, and Granger causality test are employed. Unidirectional causality is found from electricity consumption to real gross domestic product is in line with study of Altinay and Karagol (2005) among others. The long run estimate reinforce the Granger causality tests by indicating that electricity consumption is positively associated with real gross domestic product in the long run. Further findings suggest unidirectional causality from capital formation to real gross domestic product. The implication is that Botswana- being a highly energy dependent country- will have the performance of its capital formation on the economy partly determined by adequate electricity. EconJournals 2011 Article PeerReviewed application/pdf en http://repo.uum.edu.my/26595/1/IJEEP%201%202%202011%2032%2046.pdf Adebola, Solarin Sakiru (2011) Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation. International Journal of Energy Economics and Policy, 1 (2). pp. 32-46. ISSN 2146-4553 http://econjournals.com/index.php/ijeep/article/view/27
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Adebola, Solarin Sakiru
Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation
description This study investigates the relationship between electricity consumption and real gross domestic product in Botswana (the world’s largest producer of diamonds). The study includes capital formation in a trivariate system for the period covering 1980-2008. Zivot and Andrews (1992) unit roots test; bound test for cointegration, and Granger causality test are employed. Unidirectional causality is found from electricity consumption to real gross domestic product is in line with study of Altinay and Karagol (2005) among others. The long run estimate reinforce the Granger causality tests by indicating that electricity consumption is positively associated with real gross domestic product in the long run. Further findings suggest unidirectional causality from capital formation to real gross domestic product. The implication is that Botswana- being a highly energy dependent country- will have the performance of its capital formation on the economy partly determined by adequate electricity.
format Article
author Adebola, Solarin Sakiru
author_facet Adebola, Solarin Sakiru
author_sort Adebola, Solarin Sakiru
title Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation
title_short Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation
title_full Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation
title_fullStr Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation
title_full_unstemmed Electricity consumption and economic growth: trivariate investigation in Botswana with capital formation
title_sort electricity consumption and economic growth: trivariate investigation in botswana with capital formation
publisher EconJournals
publishDate 2011
url http://repo.uum.edu.my/26595/1/IJEEP%201%202%202011%2032%2046.pdf
http://repo.uum.edu.my/26595/
http://econjournals.com/index.php/ijeep/article/view/27
_version_ 1651870665727279104
score 13.211869

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