Economic Growth and Energy Import Requirements

Adams, F. Gérard; Ichino, Yasukazu; Prazmowski, Peter A.

doi:10.1016/s0161-8938(98)00015-5

Cited by 8 publications

(4 citation statements)

References 2 publications

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“…The terms of trade declined steadily from 102 in 1982 to 77 in 2003 suggesting the increased export revenue only offsets rising import prices. Adams, Ichino and Prazmowski (2000) use an energy balance model to find that growth in Thailand is based on export promotion, with foreign earnings offsetting the cost of imported fuel. Vohra (2001) finds exports have a positive impact on economic growth when a country achieves some level of development, examining India, Pakistan, the Philippines, Malaysia, and Thailand from 1973 to 1993.…”

Section: Resultsmentioning

confidence: 99%

Contribution of International Trade and Capital Accumulation to Economic Growth of Thailand during the last half of the 20th century

Đức

2020

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The present paper examines the links between international trade, capital and economic growth in Thailand from 1950 to 2000 in an applied growth model including exchange rate as a control variable. Prior to 1980 the elasticity of per capita income with respect to trade was -0.2% switching to 0.07% in 1980 in line with the change from resource exports and import substitution to manufactured exports. The exchange rateelasticity of per capita income prior to 1980 was 0.4% switching to -0.2% consistent with the move to a floating exchange rate. Results confirm the overriding theoretical importance of investment to economic growth

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Section: Resultsmentioning

confidence: 99%

Contribution of International Trade and Capital Accumulation to Economic Growth of Thailand during the last half of the 20th century

Đức

2020

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“…Thus, augmenting the domestic energy resources into the national energy-mix, while simultaneously reducing the imported energy-dependency, could be an ideal policy move to catalyze economic growth in Sri Lanka. Similarly, Adams et al [79] also claimed that energy imports hurt the long-run growth performances of Thailand by deteriorating the country's balance of payments deficits. Once again, the similarity of Sri Lanka and Thailand in respect of both countries being net importers of energy can be asserted to be the reason behind the identical results in both these studies.…”

Section: Modelmentioning

confidence: 98%

The Impacts of Energy Consumption, Energy Prices and Energy Import-Dependency on Gross and Sectoral Value-Added in Sri Lanka

et al. 2020

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Drifting away from the neoclassical growth conjecture of economic growth being solely dependent on capital and labor inputs, this paper aimed to evaluate the dynamic impacts of energy consumption, energy prices and imported energy-dependency on both gross and sectoral value-added figures of Sri Lanka. The analysis has particularly used the robust econometric methods that can account for structural break issues in the data. The results, in a nutshell, indicated that energy consumption homogeneously contributes to gross, agricultural, industrial and services value-additions in Sri Lanka. However, positive oil price shocks and greater shares of imported energy in the total energy consumption figures are found to dampen the growth figures, especially in the context of the gross, industrial and services value additions. Besides, the joint growth-inhibiting impacts of oil price movements and energy import-dependency are also ascertained. On the other hand, the causality estimates reveal bidirectional causal associations between energy consumption-gross value-added and energy consumption-industrial value-added. In contrast, no causal impact of energy consumption on the agricultural and services value-added is evidenced. Hence, these findings impose key policy implications for constructing crucial energy policy reforms to make sure that the economic growth performances of Sri Lanka are sustained in the future.

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“…Lee (1995) tested whether there was a significant relationship between imports of capital goods and economic growth in developing countries. Adams (2000) examined the relationship between energy imports and economic growth in Thailand and reached the conclusion that energy imports increased rapidly during the economic growth process. Arize (2002) examined the relationship between imports and exports in 50 countries and concluded that 57% of low-income countries, 58% of developing countries, and 75% of developed countries were dependent on imports.…”

Section: Literaturementioning

confidence: 99%

Development of Import-Based Exports in Turkey: The ARDL Approach

TURNA¹

2021

ibr

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Turkey adopted an export-dependent growth strategy after the 1980 liberalization. In later years, with the impact of this strategy, Turkey's export structure and performance became a subject of investigation. Thus, when the export structure is evaluated, dependence of the export oriented industries on capital goods, intermediate goods, and energy is remarkable. Therefore, in this study, the development of import-based exports in Turkey between 1996:1 and 2018:4 was tested by the ARDL bound test method. As a result of the analyses, the effect of intermediate goods, capital goods, and energy imports, which have a higher amount of imports than other imported goods in the short and long term in Turkey, is noteworthy. Hence, the study is important and different from other studies in that it verifies the Turkey's industrial structure tending towards the assembly industry since its recent export structure has shown an import-oriented development and the share of imports of intermediate goods in its exports is high.

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Economic Growth and Energy Import Requirements

Cited by 8 publications

References 2 publications

Contribution of International Trade and Capital Accumulation to Economic Growth of Thailand during the last half of the 20th century

Contribution of International Trade and Capital Accumulation to Economic Growth of Thailand during the last half of the 20th century

The Impacts of Energy Consumption, Energy Prices and Energy Import-Dependency on Gross and Sectoral Value-Added in Sri Lanka

Development of Import-Based Exports in Turkey: The ARDL Approach

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