Energy Consumption, Electricity, and GDP Causality; The Case of Russia, 1990-2011

Faisal, .; Türsoy, Turgut; Reşatoğlu, Nil Günsel

doi:10.1016/s2212-5671(16)30312-4

Cited by 39 publications

(10 citation statements)

References 17 publications

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“…The author revealed that there was a unidirectional linkage from energy consumption to GDP. Faisal et al (2016) utilized the TY causality to examine the link between GDP and Russia's energy consumption. The authors revealed no causal link between these two variables.…”

Section: Empirical Reviewmentioning

confidence: 99%

Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Adebayo

Awosusi

Kırıkkaleli

et al. 2021

Environ Sci Pollut Res

128

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Following the United Nations Sustainable Development Goals (UN-SDGs), which place emphasis on relevant concerns that encompass access to energy (SDG-7) and sustainable development (SDG-8), this research intends to reexamine the relationship between urbanization, CO 2 emissions, gross capital formation, energy use, and economic growth in South Korea, which has not yet been assessed using recent econometric techniques, based on data covering the period between 1965 and 2019. The present study utilized the autoregressive distributed lag (ARDL), dynamic ordinary least square (DOLS), and fully modified ordinary least squares (FMOLS) methods, while the gradual shift and wavelet coherence techniques are utilized to determine the direction of the causality. The ARDL bounds test reveals a long-run linkage between the variables of interest. Empirical evidence shows that CO 2 emissions trigger economic growth. Thus, based on increasing environmental awareness across the globe, it is necessary to change the energy mix in South Korea to renewables to enable the use of sustainable energy sources and establish an environmentally sustainable ecosystem. Moreover, the energy-induced growth hypothesis is validated. This result is supported by the causality analysis, which shows a one-way causality running from energy consumption to GDP in South Korea. This suggests that South Korea cannot embark on conservative energy policies, as such actions will damage economic progress. Additionally, a unidirectional causality is seen from CO 2 emissions and energy consumption to economic growth. These findings have far-reaching consequences for GDP growth and macroeconomic indicators in South Korea.

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Section: Empirical Reviewmentioning

confidence: 99%

Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Adebayo

Awosusi

Kırıkkaleli

et al. 2021

Environ Sci Pollut Res

128

View full text Add to dashboard Cite

show abstract

“…The simplicity of estimation and interpretation of VAR/SVAR models with impulse response functions and forecast error vector decompositions made them a good alternative to structural models. The authors [29] used VAR approach to empirically prove the existence of bidirectional causality between electricity consumption and GDP in Russia.…”

Section: Autoregressive Approachmentioning

confidence: 99%

Analysis of modern approaches for the prediction of electric energy consumption

et al. 2020

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AbstarctA review of modern methods of forming a mathematical model of power systems and the development of an intelligent information system for monitoring electricity consumption. The main disadvantages and advantages of the existing modeling approaches , as well as their applicability to the energy systems of Ukraine and Kazakhstan,are identified. The main factors that affect the dynamics of energy consumption are identified. A list of the main tasks that need to be implemented in order to develop algorithms for predicting electricity demand for various objects, industries and levels has been developed.

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“…All these impacts, if enabled, could ultimately bring about an increase in GDP. Indeed, data shows that electricity consumption and economic growth go hand in hand (CDC Group, 2016;Faisal & Resatoglu, 2016;Jumbe, 2004;Shiu & Lam, 2004;Stern, Burke, & Bruns, 2017;Wolde-Rufael, 2006). However, although there is a linear correlation between the two, there is disagreement on which one drives the other (ibid.).…”

Section: Other Economic Impactsmentioning

confidence: 99%

Sustainable development impacts of nationally determined contributions: assessing the case of mini-grids in Kenya

et al. 2019

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As of today, access to electricity is still unavailable to 1.1 billion people in the world, half of which live in Sub-Saharan Africa. Projections suggest that this share will increase, leaving millions of people with limited development prospects. Kenya's nationally determined contribution (NDC) to the 2015 Paris Agreement includes a commitment to expand power supply, and in doing so, provide all its citizens with access to electricity. Access in rural areas, where the majority remains unconnected, is planned to be reached through different technologies. These include mini-grids, which are expected to bring multiple sustainable development benefits. However, comprehensive studies looking at synergies and trade-offs between environmental, social, and economic impacts of mini-grids are scarce. Analyzing the expected contribution of mini-grids to targets such as the NDC and the UN Sustainable Development Goals (SDGs) can provide evidence-based decision-support to policymakers, thus promoting well-designed and sustainable rural electrification policies. By using the Initiative for Climate Action Transparency (ICAT) Sustainable Development Methodology, this paper goes beyond the calculation of greenhouse gas (GHG) impacts resulting from access to modern electricity, analyzing also other environmental and socioeconomic implications of 146 solar PV mini grids under construction in Kenya. Using specific targets from the SDG framework, the paper presents a combined qualitative and quantitative analysis of the extent to which mini-grids can contribute to the implementation of Kenya's NDC and to sustainable development priorities. Key policy insights • The deployment of mini-grids is expected to lower the GHG emissions of the villages currently without access to electricity by 71%. • This contributes to 0.4% of the current NDC target for the power sector, in line with the capacity of the systems analyzed. • This action is expected to also bring about positive impacts on electricity access, indoor air quality, healthcare, education and economic activities, which are found to contribute to 16 SDG targets. • Apart from the economic investment required, possible negative impacts are associated with the electronic waste generated at the end-of-life of the mini-grids. • Accounting for sustainable development impacts of policies can increase support among policymakers for climate action, and ultimately raise ambition.

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Energy Consumption, Electricity, and GDP Causality; The Case of Russia, 1990-2011

Cited by 39 publications

References 17 publications

Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Analysis of modern approaches for the prediction of electric energy consumption

Sustainable development impacts of nationally determined contributions: assessing the case of mini-grids in Kenya

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