Electricity Consumption and Economic Growth in Iraq

摘要

This study investigates the causality between Iraq’s electricity consumption and economic growth since the 2003 war. The influence of selected economic and demographic variables on the annual electricity consumption is investigated using multiple linear regression analysis for population, gross domestic product, consumer price index, and housing stock. It was found that the electricity consumption is correlated effectively and confirms the long-term equilibrium relationship between electricity consumption and economic growth. Forecasts made using the present model are compared with available national forecasts. Demand is expected to grow at an accelerated rate in the future, which calls for a comprehensive electricity policy review to confront the country’s severe electricity crisis. Index Terms-Economic Growth, Electricity Consumption, Iraq.