Abstract:Economists argue that the growth of GDP per capita in a country is greatly influenced by the growth inelectricity consumption in that country. The meaning of this statement is that if you want to increaseGDP per capita, the important thing that needs to be done is to increase the electricity supply capacity.Empirical data shows that every 1 kWh (kilowatt-hour) of electricity consumption contributes about $ 4 -$ 5 to GDP. Another study also states that every 1000 MW of installed capacity will contribute to a GD… Show more
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