TY - JOUR
T1 - The causal effect of carbon dioxide emissions, electricity consumption, economic growth, and industrialization in Sierra Leone
AU - Asumadu-Sarkodie, Samuel
AU - Owusu, Phebe Asantewaa
PY - 2017/1/2
Y1 - 2017/1/2
N2 - The study investigated the causal effect of carbon dioxide emissions, electricity consumption, economic growth, and industrialization in Sierra Leone from 1980–2011 by employing the linear regression and the vector error correction models. Evidence from both models show a long-run equilibrium relationship between carbon dioxide emissions, electricity consumption, economic growth, and industrialization in Sierra Leone. Evidence from the variance decomposition shows that 7% of future shock in carbon dioxide emissions is caused by electricity consumption, 20% of future shock in economic growth is caused by carbon dioxide emissions, 3% of future shock in electricity consumption is caused by industrialization, and 48% of future shock in industrialization is caused by economic growth. The future carbon dioxide emissions in Sierra Leone can be minimized if the majority of the electricity consumed comes from clean and renewable energy sources.
AB - The study investigated the causal effect of carbon dioxide emissions, electricity consumption, economic growth, and industrialization in Sierra Leone from 1980–2011 by employing the linear regression and the vector error correction models. Evidence from both models show a long-run equilibrium relationship between carbon dioxide emissions, electricity consumption, economic growth, and industrialization in Sierra Leone. Evidence from the variance decomposition shows that 7% of future shock in carbon dioxide emissions is caused by electricity consumption, 20% of future shock in economic growth is caused by carbon dioxide emissions, 3% of future shock in electricity consumption is caused by industrialization, and 48% of future shock in industrialization is caused by economic growth. The future carbon dioxide emissions in Sierra Leone can be minimized if the majority of the electricity consumed comes from clean and renewable energy sources.
KW - carbon dioxide emissions
KW - causality
KW - cointegration
KW - econometrics
KW - Sierra Leone
UR - http://www.scopus.com/inward/record.url?scp=85007402506&partnerID=8YFLogxK
U2 - 10.1080/15567249.2016.1225135
DO - 10.1080/15567249.2016.1225135
M3 - Article
AN - SCOPUS:85007402506
SN - 1556-7249
VL - 12
SP - 32
EP - 39
JO - Energy Sources, Part B: Economics, Planning and Policy
JF - Energy Sources, Part B: Economics, Planning and Policy
IS - 1
ER -