Energy consumption, export performance and economic growth in a landlocked developing country: The case of Nepal

Thapa-Parajuli, Resham; Aryal, Saurav; Alharthi, Majed; Paudel, Ramesh C.

doi:10.3934/energy.2021025

Cited by 11 publications

(5 citation statements)

References 35 publications

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“…There is also evidence of the direct unidirectional relationship between economic growth to electricity consumption. These findings support the results of a study conducted by Bayar & Özel (2014), Cowan et al (2014), Rahman (2020), Shengfeng et al (2012), Thaker et al (2019), and Thapa-Parajuli et al (2021. The results of the study which also got the opposite result were carried out by Altunbas & Kapusuzoglu (2011), Atchike et al (2020), Bildirici (2012), Shengfeng et al (2012), andThaker et al (2019) found a unidirectional relationship from electricity consumption to economic growth.…”

Section: Taufiq Marwasupporting

confidence: 85%

The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia

et al. 2022

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This study investigates the relationship between economic growth, electricity consumption, and CO2 emissions in Indonesia. The data utilized time series for 1971-2020 obtained from the WDI database 2021. The method utilized the ADRL and VEC models. The findings indicate that in the long run, economic growth and electricity consumption positively affect CO2 emissions. The short-run effect that occurs from economic growth is significant and negative, while the lag of CO2 emission is positive on CO2 emissions. There is a two-way causality between economic growth and electricity consumption in the short run. There is a unidirectional causality flowing from CO2 emissions to economic growth. A significant ECT coefficient has confirmed that the long-run relationship between variables in the model used is valid. The policies offered are applying emission taxes, encouraging energy conservation to control emissions, and encouraging efficient and sustainable electricity supply.How to Cite:Marwa, T., Bashir, A., Atiyantna, D.P., Hamidi, I., Mukhlis, M., Soekanto, S. (2022). The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 253-272. https://doi.org/10.15408/sjie.v11i2.26286.

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Section: Taufiq Marwasupporting

confidence: 85%

The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia

et al. 2022

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“…In order to foster greater social and economic development, Nepal and Bhutan need to broaden their use of different types of energy resources. 75–79 According to a study on the role of renewable energy in Nepal, it is imperative that the country utilize its own renewable resources and avoid relying on foreign fuel imports. 75,76 In conclusion, indigenous renewable energy resources in Nepal and Bhutan contribute to establishing energy independence and guaranteeing a low-cost electricity supply for the entire populations of both nations.…”

Section: Discussionmentioning

confidence: 99%

Assessment of SAARC nations' solar energy potential for sustainable development

Mittal

2022

Energy & Environment

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Energy is very vital for the economic development and prosperity of any nation. Expanding a country's use of renewable energy sources can help it meet its current and future energy needs, as well as spur economic growth. Sustainable energy supply, electrification rate, population shifts, and per-capita power use affect economic development and prosperity. Electricity use is a key sign of a country's economic growth, and as the economy grows, so does the need for energy. Electricity generation relies on the availability of primary sources, implementation of technology as well as on policy imperatives. The South Asian Association for Regional Cooperation is the regional intergovernmental organization and geopolitical union of states in South Asia. Its member states are India, Afghanistan, Bhutan, Bangladesh, Nepal, Maldives, Sri Lanka, and Pakistan. SAARC countries are wealthy in natural resources, yet economic growth is a difficulty. This study aims to assess the solar energy potential of SAARC countries, which has received little attention. Prior research on solar energy possibilities in SAARC concentrated on one country or group. According to the study, SAARC countries rely heavily on imported fossil fuels and a single energy source. Renewable energy sources, especially solar energy, are important for their sustainable expansion, diversity of energy basket, energy security, and fulfilling rising electricity demand. The SAARC region has superior daily average horizontal sun irradiances than the UK and Germany, indicating untapped potential for solar photovoltaic systems. This study aims to encourage stakeholders to execute efficient solar energy governance planning for sustainable growth.

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“…The relationship has been explained by several empirical studies as well. Thus, the short- and long-run relationship between export performance and economic growth in Nepal, a landlocked developing country was examined using annual data from 1980 to 2018 was examined by Thapa-Parajuli et al (2021). The ARDL bounds testing approach to cointegration was used in determining the association between the regressors and economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Relationship Between Export and Economic Growth: Evidence from West African Countries

Kulu

2023

The Indian Economic Journal

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The export-led growth hypothesis (ELGH) postulates that export is a major driver of economic growth. This study tests this hypothesis and further analyses the determinants of exports in the case of West African countries. An annual panel data spanning from 2008 to 2018 was used. Findings from the system GMM and OLS estimations validate the ELGH in West Africa. The results also reveal that foreign direct investment, employment, remittances, land area and infrastructure are significant boosters of export while population, real effective exchange rate and taxes on international trade are detrimental to export performance in the region. The study recommends the relaxation of taxes especially on international trade to encourage businesses that produce to feed the export sectors, provide an enabling environment for businesses and also attract foreign investors. JEL Codes: F14, F21, O55

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Energy consumption, export performance and economic growth in a landlocked developing country: The case of Nepal

Cited by 11 publications

References 35 publications

The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia

The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia

Assessment of SAARC nations' solar energy potential for sustainable development

Relationship Between Export and Economic Growth: Evidence from West African Countries

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