A reassessment of energy and GDP relationship: the case of Australia

Shahiduzzaman, Md.; Alam, Khorshed

doi:10.1007/s10668-013-9479-4

Cited by 19 publications

(4 citation statements)

References 67 publications

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“…In the Johansen procedure, the maximum likelihood method is applied to test for the cointegration rank, r, which can be found using the Trace (k trace ) and Maxeigenvalue (k max ) test statistics (Johansen 1988;Stock and Watson 1988). Both ARDL and Johansen approaches correct for possible endogeneity of the variables, effectively by allowing simultaneous estimation of the long-run and short-run components within the VECM framework (Shahiduzzaman and Alam 2014;Squalli 2007).…”

Section: Time Seriesmentioning

confidence: 99%

On the contribution of information and communication technology to productivity growth in Australia

Shahiduzzaman

Layton

Alam

2015

Econ Change Restruct

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This paper revisits the so-called 'ICT-productivity paradox' from a long-run perspective by using annual Australian data for 1965-2013. It provides estimates of long-run and short-run elasticities of labour productivity with respect to ICT capital deepening, and explores the nature of long-run causality among productivity growth and ICT and non-ICT capital deepening. The estimates of long-run elasticities are derived by employing both time-series and panel data econometric techniques. The empirical results provide strong confirmatory evidence of the longrun impact of ICT capital deepening on labour productivity in Australia.

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Section: Time Seriesmentioning

confidence: 99%

On the contribution of information and communication technology to productivity growth in Australia

Shahiduzzaman

Layton

Alam

2015

Econ Change Restruct

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“…The second comparatively smaller collection of literature based on panel data model analysis (Apergis & Payne, 2010;Asghar, 2008;Melike E. Bildirici & Bakirtas, 2014;Fatai, Oxley, & Scrimgeour, 2004;Furuoka, 2016;Hossein, Yazdan, & Ehsan, 2012;Pirlogea, 2012). Some of them have used a set of co-integration tools, for example Hansen & Seo, 2002;Søren Johansen, 1988;Soren Johansen & Juselius, 1990;Pesaran, Shin, & Smith, 2001a;Robert & Granger, 1987)to scrutinize the relationship without a causal analysis (Adeniran, 2009;Hu & Lin, 2008;Işik, 2010a;Khan & Ahmad, 2008;Shahbaz et al, 2013;Shahiduzzaman & Alam, 2014).…”

Section: The Literature On Natural Gas Consumption and Economic Growthmentioning

confidence: 99%

An analysis of the asymmetric effects of natural gas consumption on economic growth in Pakistan: A non-linear autoregressive distributed lag approach

Sohail

Murshed

et al. 2021

Environ Sci Pollut Res

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Natural gas is an important energy resource that is used to produce the national output of Pakistan.On the other hand, since natural gas is a relatively cleaner energy resource compared to oil and coal, enhancing the level of natural gas use is believed to improve the environmental quality in Pakistan which, in turn, can be expected to enable the nation to sustain its economic performances. Hence, it is pertinent to assess the effects of natural gas consumption on the nation's economic growth level.The main objective of this paper was to explore the asymmetric effects of natural gas consumption, controlling for financial development, on Pakistan's economic growth level over the 1965-2019 period. The results from the Augmented Dickey-Fuller, Phillips-Perron, and Zivot-Andrews unit root tests confirmed a mixed order of integration among the variables. Besides, the bounds test and Gregory-Hansen cointegration analysis revealed evidence of long-run associations between economic growth, natural gas consumption, and financial development. Moreover, the outcomes from the non-linear autoregressive distributed lag model showed thatin the short-run positive changes in the natural gas consumption levels increase economic growth in Pakistan. On the other hand, in the long-run, positive and negative changes in natural gas consumption levels increase and decrease the economic growth level, respectively, in the long-run. On the other hand, both positive and negative changes in the financial development level are found to reduce the economic growth level in the long-run. Furthermore, the Hacker-Hatemi-J causality analysis verifiedthat natural gas consumption influences the economic growth level in Pakistan; thus, the energy consumption-led growth phenomenon was unearthed. In line with these key findings, several policy level suggestions are put forward for Pakistan to boost its natural gas consumption figures in order to enhance its economic growth level in the future.

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“…The second comparatively smaller collection of literature based on panel data model analysis (Apergis & Payne, 2010;Asghar, 2008; Melike E. Bildirici & Bakirtas, 2014;Fatai, Oxley, & Scrimgeour, 2004;Furuoka, 2016;Hossein, Yazdan, & Ehsan, 2012;Pirlogea, 2012). Some of them have used a set of co-integration tools, for example Hansen & Seo, 2002;Søren Johansen, 1988;Soren Johansen & Juselius, 1990;Pesaran, Shin, & Smith, 2001a;Robert & Granger, 1987)to scrutinize the relationship without a causal analysis (Adeniran, 2009;Hu & Lin, 2008;Işik, 2010a;Khan & Ahmad, 2008;Shahbaz et al, 2013;Shahiduzzaman & Alam, 2014).…”

Section: The Literature On Natural Gas Consumption and Economic Growthmentioning

confidence: 99%

An Analysis of The Asymmetric Effects of Natural Gas Consumption on Economic Growth in Pakistan: A Non-linear Autoregressive Distributed Lag Approach

Sohail

Murshed

et al. 2021

Preprint

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Natural gas is an important energy resource that is used to produce the national output of Pakistan.On the other hand, since natural gas is a relatively cleaner energy resource compared to oil and coal, enhancing the level of natural gas use is believed to improve the environmental quality in Pakistan which, in turn, can be expected to enable the nation to sustain its economic performances. Hence, it is pertinent to assess the effects of natural gas consumption on the nation’s economic growth level.The main objective of this paper was to explore the asymmetric effects of natural gas consumption, controlling for financial development, on Pakistan's economic growth level over the 1965–2019 period. The results from the Augmented Dickey-Fuller, Phillips-Perron, and Zivot-Andrews unit root tests confirmed a mixed order of integration among the variables. Besides, the bounds test and Gregory-Hansen cointegration analysis revealed evidence of long-run associations between economic growth, natural gas consumption, and financial development. Moreover, the outcomes from the non-linear autoregressive distributed lag model showed thatin the short-run positive changes in the natural gas consumption levels increase economic growth in Pakistan. On the other hand, in the long-run, positive and negative changes in natural gas consumption levels increase and decrease the economic growth level, respectively, in the long-run. On the other hand, both positive and negative changes in the financial development level are found to reduce the economic growth level in the long-run. Furthermore, the Hacker-Hatemi-J causality analysis verifiedthat natural gas consumption influences the economic growth level in Pakistan; thus, the energy consumption-led growth phenomenon was unearthed. In line with these key findings, several policy level suggestions are put forward for Pakistan to boost its natural gas consumption figures in order to enhance its economic growth level in the future.

show abstract

A reassessment of energy and GDP relationship: the case of Australia

Abstract: This paper investigates the long-run and short-run relationships between energy consumption and economic growth in

Cited by 19 publications

References 67 publications

On the contribution of information and communication technology to productivity growth in Australia

On the contribution of information and communication technology to productivity growth in Australia

An analysis of the asymmetric effects of natural gas consumption on economic growth in Pakistan: A non-linear autoregressive distributed lag approach

An Analysis of The Asymmetric Effects of Natural Gas Consumption on Economic Growth in Pakistan: A Non-linear Autoregressive Distributed Lag Approach

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