Determinants of energy consumption function in SAARC countries: Balancing the odds

Mudakkar, Syeda Rabab; Zaman, Khalid; Shakir, Huma; Arif, Mariam; Naseem, Imran; Naz, Lubna

doi:10.1016/j.rser.2013.08.006

Cited by 65 publications

(26 citation statements)

References 33 publications

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“…Further, the results indicate no convincing evidence of FDI link with clean energy use. Mudakkar et al [48] conduct their study on SAARC countriesBangladesh, India, Nepal, Pakistan and Sri Lanka, using data over the period from 1975-2011. The findings show that Granger causality runs from all other variables to FDI inflows which reveals a strong support for the hypothesis that energy consumption, GDP, relative prices of energy (REP), and financial development (FD) are the key determinants in stimulating the FDI inflows both in short and long-run in Bangladesh.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors determining energy consumption: Evidence from Indonesia, Malaysia and Thailand

Azam

Khan

Zaman

et al. 2015

Renewable and Sustainable Energy Reviews

Self Cite

144

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Section: Literature Reviewmentioning

confidence: 99%

Factors determining energy consumption: Evidence from Indonesia, Malaysia and Thailand

Azam

Khan

Zaman

et al. 2015

Renewable and Sustainable Energy Reviews

Self Cite

144

View full text Add to dashboard Cite

“…According to our analysis, "Tax exemptions" and "Reasons related to financial motives and minimum work" were found to be unimportant to investments and thus are of the greatest interest to discuss. The indicated unimportant role of tax incentives is in sharp contrast with other studies which have shown that tax incentives are able to attract investments [57,58]. This implies that the current taxation for investments in renewable energies in Greece is unfavorable and as such it does not comprise a factor that will increase small-scale investments.…”

Section: Discussionmentioning

confidence: 64%

An Investigation of Factors Affecting the Willingness to Invest in Renewables among Environmental Students: A Logistic Regression Approach

2019

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Renewable energy sources (RES) have gained increased popularity across the world mainly due to their ability to contribute to environmental protection through the generation of infinite 'clean' energy. To achieve a greater diffusion of renewables, however, small-scale investments implemented by individuals are critically important. In contrast to citizens whose attitudes have been consistently explored by research, there is little evidence on the attitudes towards investments among environmental students who will occupy positions of responsibility and play key roles in the environmental sector in the future. Hence, the purpose of the present study is to identify the most important factors that affect environmental students' willingness to invest in renewable energy (RE) by developing a logistic regression model. According to our analysis, the participants in their majority expressed their willingness to invest, while environmental values, the low risk and profitability of renewable investments, as well as preferences for certain energy types were significant factors determining this willingness. However, willingness to invest was irrespective of the current taxation and subsidies, suggesting that significant improvements are required in these areas. The present study could be particularly useful for policymakers since the necessary steps to create favorable investment environments in Greece and elsewhere are highlighted.

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“…The Þ rst group of studies argues that there is unidirectional causal ß ow from Þ nancial development to energy consumption. Studies whose Þ ndings are consistent with this view include Sadorsky (2010), Ozturk and Acaravci (2013), and Mudakkar et al (2013), amongst others. Sadorsky (2010), for example, examined the impact of Þ nancial development on energy demand for 22 emerging economies (Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, South Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Thailand, and Turkey).…”

Section: Literature Reviewmentioning

confidence: 68%

“…The results showed a unidirectional causal ß ow from Þ nancial development to energy consumption. Mudakkar et al (2013) examined the causal link between energy consumption and Þ nancial development for Bangladesh, India, Nepal, Pakistan, and SriLanka. Using a Granger-causality test and Toda-Yamamoto-Dolado approach from 1975 to 2011, the study revealed a unidirectional causal ß ow from Þ nancial development to energy consumption in India and SriLanka.…”

Section: Literature Reviewmentioning

confidence: 99%

Energy consumption and financial development in South Africa

Odhiambo

2019

Ekon. pregl. (Online)

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This paper examines the dynamic relationship between energy consumption and financial development in South Africa during the period 1980-2013. In order to address the omission of variable bias, the study has included economic growth as an intermittent variable between financial development and energy consumption. Unlike some previous studies, this study uses three proxies for financial development: i) domestic credit to the private sector as a percentage of GDP as a proxy for financial institutions’ depth; ii) bank credit to bank deposits as a proxy for financial institutions’ stability; and iii) bank lending-deposit spread as a proxy for financial institutions’ efficiency. Using the ARDL bounds testing approach to cointegration and Granger-causality test, the obtained results show that there is a distinct long-run unidirectional causal flow from financial development to energy consumption in South Africa. This applies irrespective of which proxy has been used to measure the level of financial development. The study also finds that there is a long-run unidirectional causality from economic growth to energy consumption, and a unidirectional causality from economic growth to financial development when bank lending-deposit interest rates spread is used as a proxy for financial development. This, therefore, implies that energy consumption in South Africa is largely driven by the growth-led financial development in the long run.

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Determinants of energy consumption function in SAARC countries: Balancing the odds

Cited by 65 publications

References 33 publications

Factors determining energy consumption: Evidence from Indonesia, Malaysia and Thailand

Factors determining energy consumption: Evidence from Indonesia, Malaysia and Thailand

An Investigation of Factors Affecting the Willingness to Invest in Renewables among Environmental Students: A Logistic Regression Approach

Energy consumption and financial development in South Africa

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