Consumption of Electricity and Industrial Growth in the Case of Ghana

Table 7

Toda-Yamamoto causality analysis.

Dependent variable						Direction of causality
	-	16.9814	9.6052	2.7087	1.6018
	2.7799	-	0.1338	7.8682	1.0885
	0.8412	4.2650	-	8.5139	2.9077
	6.9188	0.1371	2.0606	-	3.9641
	0.6789	0.1721	21.3834	8.5975	-
Autocorrelation test
LM-Stat	27.8038	Prob	0.3170

Significance at 1%, 5%, and 10%.