ELECTRICITY CONSUMPTION IN DEVELOPING COUNTRIES

Developing countries are rapidly increasing electricity energy consumption since they foster their economic growth currently. High technological electrical appliances in daily activities demand high consumption in the energy. People demand for higher living standards and rapid population growth are among determinants in the increase of electricity consumption. This paper portrays electricity consumption in 32 developing countries as dependent variable and independent variables are GDP per capita, price of oil (proxy variable) and lagged electricity consumption. The findings are similar and correspond with expectations in therelationship between variables.