Electricity consumption and economic growth: evidence from Korea

Yoo, Seung‐Hoon

doi:10.1016/j.enpol.2004.02.002

Cited by 300 publications

(126 citation statements)

References 18 publications

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“…On the other hand, studies such as Cheng andLai (1997), Ghosh (2002), Soytas and Sari (2003), Yoo (2006), Halicioglu (2007) and Hu and Lin (2008) find evidence of the unidirectional causality running from economic growth to energy consumption. Finally, the evidence of bidirectional causality between energy consumption and economic growth has been found in, among others, Ebohon (1996), Yang (2000), Hondroyiannis et al, (2002), Yoo (2005), Zachariadis and Pashourtidou (2007), Wolde-Rufael (2006), Squalli (2007), Chen et al (2007), Akinlo (2008), Narayan and Smyth (2009), Wolde-Rufael (2009), and Shahbaz et al (2012.…”

Section: Energy Consumption and Economic Growthmentioning

confidence: 99%

Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan

2015

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This study investigates the relationship between energy consumption and trade openness in Pakistan by using the annual time series data for the period of 1973-2011. Our main results show: i) the presence of long-run link between energy consumption and trade performance; ii) positive impact of gross domestic product, exports, and imports on energy consumption; iii) bidirectional causal relationship between exports and energy consumption, and also between imports and energy demand; and iv) bidirectional causality between gross domestic product and energy consumption points to the presence of feedback hypothesis in Pakistan. We therefore note that energy conservation policies will reduce the trade performance which in turn leads to the decline in economic growth in Pakistan. The present study may guide policymakers in formulating a conclusive energy and trade policies for sustainable growth for long span of time.

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Section: Energy Consumption and Economic Growthmentioning

confidence: 99%

Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan

2015

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“…Empirical studies on causal relationship between electricity consumption and economic growth are wide-ranging with inconsistent results (see Aqeel and Butt, 2001;Yoo, 2005;Yoo, 2006;Chen et al 2007;Ho and Siu, 2007;Hu and Lin, 2008;Jamil and Ahmad, 2010;Narayan and Smyth, 2005;Shahbaz et al 2011;Shahbaz and Lean, 2012b;Shahbaz and Feridun, 2012). Further, few studies have considered electricity consumption and economic growth relationship in selected African economies (see Jumbe, 2004;Wolde-Rufael, 2006;Akinlo, 2009;Squalli, 2007;Odhiambo, 2009aOdhiambo, , 2009bOdhiambo, , 2010Solarin, 2011and, Solarin andBello, 2011).…”

Section: Introductionmentioning

confidence: 99%

Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis

2013

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This paper investigates the causal relationship between economic growth, urbanisation and electricity consumption in the case of Angola, utilizing the data over the period of . We have applied Strazicich (2003, 2004) unit root test to test the stationarity properties of the series. Gregory-Hansen structural break cointegration procedure as complement, we employed the ARDL bounds test to examine long run relationship. The VECM Granger causality test is subsequently used to examine the direction of causality between economic growth, urbanisation and electricity consumption. Our results indicate the existence of long run relationship. We further observe evidence in favour of bidirectional causality between electricity consumption and economic growth. The feedback hypothesis is also found between urbanization and economic growth. Urbanization and electricity consumption Granger cause each other. We conclude that Angola is an energy (electricity) dependent country. Consequently, the relevant authorities should boost electricity production as one of the means of achieving sustainable economic development for long span of time.

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“…Most of the early literatures on causation of economic growth on energy consumption have confirmed the causation by using uni-directional Granger-causality Tests (Yu E., 1984) (Kraft J. K., 1978) (Lin, 2003) (Soytas, 2003) (Mozumdar, 2007). During late 90's the economists like Nachane and others have employed Engel-Granger Models to estimate the causation of electricity and energy on economic growth (Nachane, 1988) (Glasure, 1997) (Asafu-Adjaye, 2000) (Thoma, 2004) (Hansen, 2002) (Yoo, 2005). Meanwhile, the co-integration techniques were also used to estimate long-run relationship between energy consumption and economic growth.…”

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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Electricity consumption and economic growth: evidence from Korea

Cited by 300 publications

References 18 publications

Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan

Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan

Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis

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

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