2017
DOI: 10.1111/opec.12099
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Does energy efficiency enhance total factor productivity in case of India?

Abstract: The aim of this study is to explore the dynamic linkage between energy efficiency and total factor productivity (TFP) using carbon emission and trade openness as control variables for the period of 1971–2013. For this purpose, vector error correction mechanism (VECM) is employed to determine the direction of causality. A popular and simple measure of energy efficiency, GDP per unit of energy use and trade as a percentage of GDP are used for the proxy of trade openness. The result shows negative impact of energ… Show more

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Cited by 19 publications
(7 citation statements)
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“…An interesting stream of this literature focuses on energy productivity. Haider and Ganaie [24] investigated the impact of energy productivity (GDP per unit of energy use), trade openness, and CO 2 emissions on TFP employing a vector error correction model (VECM) to Indian data from 1971 to 2013. The study used TFP data from Penn World Table version 8.1 and concluded that energy productivity has a negative impact on TFP.…”
Section: Literature Reviewmentioning
confidence: 99%
See 1 more Smart Citation
“…An interesting stream of this literature focuses on energy productivity. Haider and Ganaie [24] investigated the impact of energy productivity (GDP per unit of energy use), trade openness, and CO 2 emissions on TFP employing a vector error correction model (VECM) to Indian data from 1971 to 2013. The study used TFP data from Penn World Table version 8.1 and concluded that energy productivity has a negative impact on TFP.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The study used TFP data from Penn World Table version 8.1 and concluded that energy productivity has a negative impact on TFP. In addition, Haider and Ganaie [24] found that there is one-directional causality from energy productivity to TFP. The long-run energy productivity elasticity of TFP is found to be −0.8.…”
Section: Literature Reviewmentioning
confidence: 99%
“…However, a study by Menegaki (2011) in EU countries using panel regression analysis found that renewable energy does not significantly affect economic growth in the study period. Lean and Smyth (2013) The researchers also investigate the role of energy efficiency for mitigating environmental quality in firm-level and country-level data case and suggest that with improved technologies and cross-border spending in performance improvement programs, materials, and energy efficiency should be enhanced (Haider and Ganaie, 2017;Haider and Bhat, 2018;Haider and Bhat, 2019;Haider and Mishra, 2019). The renewable energy sector transition is increasing nowadays to protect the environment.…”
Section: Renewable Energy Economic Growth and Environmental Qualitymentioning
confidence: 99%
“…Dasgupta and Roy () study the level of energy intensity across major energy‐intensive firms and decomposition of energy intensity over the period. Recently, researcher has investigated the role of total factor productivity as a proxy of technological advancement in the reduction of energy intensity (Haider & Ganaie, ; Sahu & Sharma, ). Prasad and Mishra () have taken managerial perspective and find out the linkage between ISO‐14001 certification and carbon emission through panel regression of firm‐level data of iron and steel industry.…”
Section: Literature Reviewmentioning
confidence: 99%