Dynamics between energy consumption and economic growth in Ecuador: A granger causality analysis

Pinzón, Kathia

doi:10.1016/j.eap.2017.09.004

Cited by 43 publications

(24 citation statements)

References 28 publications

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“…(2018) made a complete review of the Ecuadorian electric sector between 2007 and 2017 and discussed the different energy policies and their impact on the economy of the country, and (ii) Pinzón (2018) studied the dynamics between energy consumption and economic growth [47], where Ecuador seeks to achieve sustainable development by analyzing energy consumption and economic growth based on demand and dependence on petroleum products and their subsidies.…”

Section: Ecuador's Leap Model Frameworkmentioning

confidence: 99%

Long-Term Electricity Supply and Demand Forecast (2018–2040): A LEAP Model Application towards a Sustainable Power Generation System in Ecuador

et al. 2019

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This research assesses the Ecuadorian power generation system, estimating the electricity supply and demand forecast until 2040. For this purpose, three potential alternative scenarios were analyzed using the Long-range Energy Alternatives Planning (LEAP) System; S1: Business As Usual; S2: Power Generation Master Plan; and S3: Sustainable Power Generation System. The main goal of this study is to analyze the possible alternatives for electricity supply and demand, fuel consumption, and the future structure of the Ecuadorian power generation system to transform the current system based on petroleum fuels into a sustainable system that consumes natural gas, and progressively introduces renewable power generation plants such as solar, wind, biomass, and hydroelectric until 2040. According to the estimated results through the inclusion of sustainable energy policies, S3 scenario relative to S1 scenario could reduce the average CO 2 equivalent (CO 2 e) emissions by 11.72%, the average production costs by 9.78%, and the average petroleum fuel consumption by 15.95%. Consequently, a correct energy transition contributes to the protection of the environment and public health and has a direct effect on economic savings for the state, which benefits to improve the citizen's quality of life.

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Section: Ecuador's Leap Model Frameworkmentioning

confidence: 99%

Long-Term Electricity Supply and Demand Forecast (2018–2040): A LEAP Model Application towards a Sustainable Power Generation System in Ecuador

et al. 2019

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“…James B. Ang [30] and Soytas [31] inaugurated the combined dynamic analysis between economic growth, energy consumption, as well as environmental pollution. These variables used to be indexed as to real GDP [32,33,34], GDP per capita [27], GDP of different industries [35,36], foreign direct investment, real fixed capital formation, total employment or labor force [36,37,38].…”

Section: Literature Reviewmentioning

confidence: 99%

“…In essence, most empirical research that is available on energy consumption and economic growth could be organized into a category named ‘reduced-form analysis’, in which the endogenous variables are described as a function of exogenous variables, usually without the structure or primitive policy invariant behavioral parameters [39,40]. Among the large number of researches, the cointegration test, the Johansen test for multivariate analysis, and the error correction model are frequently used [8,20,35,41,42].…”

Section: Literature Reviewmentioning

confidence: 99%

The Nexus between Energy Consumption, Biodiversity, and Economic Growth in Lancang-Mekong Cooperation (LMC): Evidence from Cointegration and Granger Causality Tests

Liu

Liang

2019

IJERPH

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This work is proposed to examine the relationships between energy consumption, biodiversity, and economic growth for China and five countries in the Indochina Peninsula, which are Cambodia, Laos, Myanmar, Thailand, and Vietnam, who also belong to Lancang-Mekong Cooperation, for the time span from 1991 to 2014. For this purpose, this work adopted autoregressive distributed lag (ARDL) through a dynamic simulation process. The estimation outcomes indicate that the nexus of the economic growth and energy consumption are diversified in fossil energy consumption and renewable consumption, respectively. The results are consistent with the fact that renewable energy is an alternative to fossil fuels, and traditional energy is still in the dominant position. This work is expected to serve as a first-hand examination on Lancang-Mekong Cooperation by adding innovative perspectives into existing research. Meanwhile, policy implications will also be discussed in this work.

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“…The paper now explores the statistical causal relationship between the variables using the Granger causality test [21]. Because the alteration of lag length is known to be sensitive to analysis of the results, different lag periods are selected in this study.…”

Section: Granger Causality Testmentioning

confidence: 99%

The Effect of Clean Energy Power Generation on Economic Growth in China: A Perspective Based on Econometric Methods

Li¹,

Tian²

2018

Proceedings of the 2018 International Conference on Energy Development and Environmental Protection (EDEP 2018)

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To study the impacts of clean energy industry development on economic growth, we have established an econometric model based on the Cobb-Douglas production function. The methods mainly include the cointegration test, vector auto regression model (VAR), vector error correction model (VECM), Granger causality test and impulse response function. As for the obtained results, the paper analyzes the major impacts of clean energy power generation on economic growth from the perspective of four factors: the long-term equilibrium, the short-term fluctuation, the causality and the impulse responses. Moreover, a multiple-linear regression model has been effectively used to analyze the contributions of two kinds of clean energy (hydro energy and new energy) to GDP growth. The results demonstrate that the generation of clean energy may significantly promote long-term economic growth. Notably, this positive influence requires clean energy to have developed to a mature stage. It is suggested that certain novel energy policies could play a critical role in the improvement and upgrading of China's energy industry.

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Dynamics between energy consumption and economic growth in Ecuador: A granger causality analysis

Cited by 43 publications

References 28 publications

Long-Term Electricity Supply and Demand Forecast (2018–2040): A LEAP Model Application towards a Sustainable Power Generation System in Ecuador

Long-Term Electricity Supply and Demand Forecast (2018–2040): A LEAP Model Application towards a Sustainable Power Generation System in Ecuador

The Nexus between Energy Consumption, Biodiversity, and Economic Growth in Lancang-Mekong Cooperation (LMC): Evidence from Cointegration and Granger Causality Tests

The Effect of Clean Energy Power Generation on Economic Growth in China: A Perspective Based on Econometric Methods

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