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Does Technological Progress Provide a Win–Win Situation in Energy Consumption? The Case of Ghana

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Energy and Environmental Strategies in the Era of Globalization

Part of the book series: Green Energy and Technology ((GREEN))

Abstract

This chapter examines whether in the long-run technological progress provides a win–win situation as a demand-side management strategy in the country’s energy sector. The data used is annual and methodology is time series. Generally, the results show that technological progress provides a win–win situation by (1) directly reducing energy consumption, (2) minimizing the high energy price incidence on consumers, and (3) reducing the energy-inducing effect of demographic patterns. As a policy recommendation, the government should invest directly in technological innovation and provide the economic and political milieu to boost private investment in technological innovation.

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Notes

  1. 1.

    Calculated as the product of the coefficient and the mean of demographic dependency ratio (see [8, 40]).

  2. 2.

    Calculated as the product of the coefficient and the mean of trade openness.

  3. 3.

    These diagnostics are only performed for the general model which is the final model.

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Author information

Authors and Affiliations

  1. School of Public Service and Governance, Ghana Institute of Management and Public Administration, Accra, Ghana

    Philip Kofi Adom

  2. School of Business and Economics, Presbyterian University College, Abetifi, Ghana

    Paul Adjei Kwakwa

Authors
  1. Philip Kofi Adom
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  2. Paul Adjei Kwakwa
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Corresponding author

Correspondence to Philip Kofi Adom .

Editor information

Editors and Affiliations

  1. School of Management and Economics, Beijing Institute of Technology, Beijing, China

    Muhammad Shahbaz

  2. Universidad de Castilla-La Mancha, Cuenca, Spain

    Daniel Balsalobre

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Adom, P.K., Kwakwa, P.A. (2019). Does Technological Progress Provide a Win–Win Situation in Energy Consumption? The Case of Ghana. In: Shahbaz, M., Balsalobre, D. (eds) Energy and Environmental Strategies in the Era of Globalization. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-030-06001-5_14

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  • DOI: https://doi.org/10.1007/978-3-030-06001-5_14

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-06000-8

  • Online ISBN: 978-3-030-06001-5

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