The impact of financial development on renewable energy consumption: new insights from Ghana

نویسندگان

چکیده

Abstract A way of reducing global warming and tackling Ghana’s energy sector crisis, known as Dumsor , is through renewable usage. Nevertheless, the advancement industry contingent on economic growth, availability financial resources, prices. The paper explores long-run impact development consumption while controlling for prices growth. Consistent with aim paper, ARDL bounds testing, Bayer-Hank, Gregory Hansen cointegration, VECM, FMOLS, CCR DOLS tests are employed. empirical analysis supports cointegration between variables. Moreover, findings indicated that drives use in Ghana, whereas costs growth have a negative effect. This study offers substantial addition to literature paves policymakers pursue alternative sources help satiate nation’s growing needs.

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ژورنال

عنوان ژورنال: Future Business Journal

سال: 2023

ISSN: ['2314-7202', '2314-7210']

DOI: https://doi.org/10.1186/s43093-023-00183-7