Energy demand and forecasting in Namibia - Energy for economic development
This paper studies the relationship of energy use in Namibia to economic growth and other key development indicators such as Price, exchange rate, energy production, wages and employment. It also provides a short term energy outlook for the period of seven years (2014 to 2020). The paper applies the econometrics methodology to examine the impact of relationship between energy and other indicators mentioned. The Engle- Granger two-step and error correction method was applied to analyse the relationship between the energy consumption, GDP growth, energy productivity, employment, wages and price and exchange rates. The results indicate that there is a positive relationship between GDP growth and Energy use. There is however a negative relationship between energy consumption and energy productivity and exchange rates.
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Energy demand and forecasting in Namibia.pdf | 3.16 MB |