Cointegration tests of energy consumption, income, and employment

Yu, Eden S. H.; Jin, Jang C.

doi:10.1016/0165-0572(92)90010-e

Cited by 281 publications

(113 citation statements)

References 15 publications

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“…However, compared with other previous studies our findings contradict, on the one hand, those of Kraft and Kraft (1978) and Al-Iriani (2006), who found a uni-directional causal relationship running from economic growth to energy consumption, and, on the other, those of Lee (2005), and Apergis and Payne (2009b), who inferred that causality runs from energy consumption to economic growth. Further, our empirical results also refute the neutrality hypothesis as proposed by Erol and Yu (1987), Yu and Jin (1992) and Masih and Masih (1996).…”

Section: Dynamic Panel Causalitysupporting

confidence: 67%

“…Granger test South Korea Growth Energy Philippines Engery Growth Erol and Yu (1987) Bivar. Granger test USA Energy ¬ Growth Yu and Jin (1992) Bivar. Granger test USA Energy ¬ Growth Masih and Masih (1996) Trivar Lee and Lee (2010) as well as Costantini and Martini (2010) used a panel vector error-correction specification for the trivariate model.…”

Section: Literature Reviewmentioning

confidence: 99%

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Energy consumption and economic growth: New insights into the cointegration relationship

2011

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The working papers published in the Series constitute work in progress circulated to stimulate discussion and critical comments. Views expressed represent exclusively the authors' own opinions and do not necessarily refl ect those of the editors. Terms of use: Documents in Ruhr Economic Papers #190

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Section: Dynamic Panel Causalitysupporting

confidence: 67%

Section: Literature Reviewmentioning

confidence: 99%

Energy consumption and economic growth: New insights into the cointegration relationship

2011

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“…The interesting part is, they did not find any causal linkages for the United States, United Kingdom and Poland; but they found a causal relationship between income and total energy consumption for South Korea; and unidirectional causality total energy consumption and income for the Philippines. Yu and Jin [35] also have study the cointegration scenario between energy consumption and output growth in the United States using monthly data. Again, the results indicates that energy consumption do not have long run causality with income and employment.…”

Section: Literature Reviewmentioning

confidence: 99%

Dynamic Cointegration Link between Energy Consumption and Economic Performance: Empirical Evidence from Malaysia

Loganathan¹,

Subramaniam²

2010

IJTEF

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Abstract-During the past three decades, demand for energy in Malaysia grew rapidly, increasing at an average rate of 5% in the 1980s and 12% in 2009, surpassing the gross domestic product growth of 5%; and 3% over the corresponding period. The main objective of this study is to identify sustainability between energy consumption and economic performances during the past three decades by applying Ordinary Least Square Engel-Granger (OLS-EG), Dynamic Ordinary Least Square (DOLS), Autoregressive Distributed Lag (ARDL) bounds testing approach and Error Correction Model (ECM). Utilizing data from 1971-2008, the findings of this study reveals that there is a bidirectional co-integration effects between total energy consumption and Malaysia's economic performance. The key result from this study shows that, energy consumption in Malaysia is on sustainable limits with 57% speed of adjustment to reach long run equilibrium caused by short run shocks in Malaysia's economic performance.

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“…Some of them have proved the relationship and some of the not proved the relationship between energy and development. (Cheng, 1995) (Yu E. J., 1992). It has been also proved that energy is essential for development, whereas, eco-efficient and clean energy is critical for sustainable development.…”

Section: Review Of Literaturementioning

confidence: 99%

Impact of Eco-Efficient Energy on Sustainable Development in South Asia: Empirical Estimations

Saldanha¹,

Premakumara

2017

SDMIMD

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Energy is a prerequisite for all production processes and development. However, eco-efficient, sustainable green energy is essential for sustainable development and green growth. The commitments to produce renewable, clean and green energy have compelled all countries, by the International Agreements and Treaties on energy, environmental protection and sustainable growth. In this background, the present work tried to examine the efforts made by South Asian countries in order to produce eco-efficient, sustainable, clean energy and its interactions with economic development. The present study has used secondary time series data on green energy parameters and parameters related to economic development. The econometric techniques such as stationarity, impact models have been used for examination and analysis of data. It has been found from the analysis that energy intensity has been significantly increased in South Asia along with economic development. However, the production of green energy is not commensurate with its expected rate. Moreover, the shares of both renewable energy and renewable electricity in total energy have been declined over the period of time. This is a negative sign of sustainable development and green growth. Hence, there is a need to restructure the energy policy by South Asian countries according to the needs of sustainable development and green growth. Accordingly, consumption, transmission, process, etc., should be made mandatory to use green energy in their total energy consumption. Pigouvian principle of taxing on increasing social cost and subsidization for increasing social benefits is more appropriate for South Asian policies and strategies for eco efficient green energy and green growth.

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Cointegration tests of energy consumption, income, and employment

Cited by 281 publications

References 15 publications

Energy consumption and economic growth: New insights into the cointegration relationship

Energy consumption and economic growth: New insights into the cointegration relationship

Dynamic Cointegration Link between Energy Consumption and Economic Performance: Empirical Evidence from Malaysia

Impact of Eco-Efficient Energy on Sustainable Development in South Asia: Empirical Estimations

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