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Addis Ababa University Libraries Electronic Thesis and Dissertations: AAU-ETD! >
Faculty of Business and Economics >
Thesis - Economics >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/123456789/3222
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| Title: | ENERGY AND ECONOMIC GROWTH IN ETHIOPIA: GRANGER CAUSALITY APPROACH |
| Authors: | Mehari, Wondimaghegn |
| Advisors: | Dr. Wassie Birhanu |
| Keywords: | economics |
| Copyright: | Jun-2011 |
| Date Added: | 28-Jun-2012 |
| Publisher: | AAU |
| Abstract: | The aim of this paper is to re-examine the causal relationship between energy
consumption and economic growth in Ethiopia using annual data from 1981 to
2006, in a multivariate framework by including labor and capital as additional
variables. We apply the Granger causality test, variance decomposition analysis
and Generalised impulse response analysis in linear multivariate models to
evaluate how important is the causal impact of energy consumption on economic
growth relative to labor and capital. The results give the evidence of causality
running from economic growth to energy consumption. The variance
decomposition analysis reveals that energy was no more than a minor
contributing factor to output growth and certainly not the most important one
when compared to capital and labor. Capital and labor are the most important
factors in output growth in Ethiopia. |
| Description: | A project submitted to the School of Graduate Studies of Addis
Ababa University in partial fulfilment of the requirement for the
degree of MA in Economics (Applied Trade Policy Analysis) in the
School of Economics |
| URI: | http://hdl.handle.net/123456789/3222 |
| Appears in: | Thesis - Economics
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