Nexus between non-renewable energy demand and economic growth in Bangladesh: Application of Maximum Entropy Bootstrap approach

Alam, Mohammad Jahangir; Ahmed, Mushtaq; Begum, Ismat Ara

doi:10.1016/j.rser.2017.01.007

Cited by 29 publications

(18 citation statements)

References 66 publications

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“…Alam et al . (2017) analysed the causal association between energy demand and economic growth using annual time series data from 1980 to 2011 in Bangladesh. Considering the sensitivity of causality results, the study utilised Maximum Entropy Bootstrap to correct small sample bias and drawback of asymptotic distribution theory.…”

Section: Review Of Literaturementioning

confidence: 99%

Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh

Islam¹,

Islam

2021

OPEC Energy Review

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This paper investigates the nexus between energy consumption and economic growth in Bangladesh over the period 1971–2018 using the autoregressive distributed lag (ARDL) approach to cointegration. The main contribution of this study is the inclusion of exogenous dynamic (globalisation) and endogenous factor (political risk indicator measured by political terror scale (PTS)) to the energy consumption–economic growth nexus. The study explores an energy consumption–economic growth nexus where globalisation and PTS have both positive and negative influences on this relationship in the short run and long run. The Toda–Yamamoto Granger causality test confirms the feedback hypothesis, that is bidirectional causal relationship between energy consumption and economic growth, and the result is further verified by the impulse response function. Therefore, policymakers should enhance the availability of energy for people and industries to continue the existing momentum of economic growth. Besides, the government should cautiously deal with both the globalisation and political risk issues about energy consumption–economic growth nexus in Bangladesh.

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Section: Review Of Literaturementioning

confidence: 99%

Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh

Islam¹,

Islam

2021

OPEC Energy Review

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“…Since the 1980s, scholars have recognized that remittance inflows and policies relating to them have an important role to play in achieving the macroeconomic goals of economic growth, external balance, full employment, and stable inflation for developing countries (e.g., Akter 2018 ; Chimhowu et al 2005 ; Orozco 2005 ; Glytsos 1993 ; Glytsos 2002 ; Russell 1986 ; Stahl and Arnold 1986 ; Stahl and Habib 1989 ). For Bangladesh, a survey of the literature reveals that many scholars have examined the impact of remittances on consumption and by extension economic growth.…”

Section: Review Of the Existing Literaturementioning

confidence: 99%

“…Das et al ( 2013 ) studied the relationship between natural gas consumption and GDP, and found evidence for the conservation hypothesis. Alam et al ( 2017 ) found the conservation hypothesis held for non-renewable energy consumption. These papers found some evidence of unidirectional causality from economic growth to different types of energy consumption.…”

Section: Review Of the Existing Literaturementioning

confidence: 99%

Empirical exploration of remittances and renewable energy consumption in Bangladesh

2021

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In recent years, a surge of remittances to Bangladesh has enabled rural households to adopt modern renewable energy sources. However, researchers have yet to examine any statistical association between remittances and renewable energy. In this study, we determined the causal relationships between per capita remittance inflows and renewable energy consumption in Bangladesh using annual data for the period 1980-2017. This is the first such study. This determination was made while controlling for changes in GDP, and employing causality and cointegration testing. We arrived at three key results. First, a unidirectional causality running from the level of remittances per capita to a level of renewable energy consumption was determined. Second, we observed a unique cointegrating relationship between the variables. Third, a short-run bidirectional causality between remittances per capita and renewable energy consumption was clarified. Important policy implications indicate that the government should create incentives for remittance-recipient households to invest remittance funds in modern renewable technologies such as solar home energy systems.

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“…Recently, institutional qualities have also been assigned a chief role in determining economic growth (Acemoglu, Johnson, & Robinson, 2005; Barro, 2003; Bildirici, 2008; Butkiewicz & Yanikkaya, 2006; Chong & Calderon, 2000; Fraj, Hamdaoui, & Maktouf, 2018; Gwartney, Holcombe, & Lawson, 2004; Henderson, Papageorgiou, & Parmeter, 2011; Ji, Magnus, & Wang, 2014; Klein, 2005; Law, Azman‐Saini, & Ibrahim, 2013; Sobel, 2008; Valeriani & Peluso, 2011). A large number of studies acknowledged energy (both nonrenewable and renewable) as determinants of growth (Alam, Ahmed, & Begum, 2017; Arifin & Syahruddin, 2011; Bildirici, 2016; Bildirici & Özaksoy, 2018; Carmona, Feria, Golpe, & Iglesias, 2017; Cetin, 2016; Destek, 2017; Koengkan, 2018; Liu, Zhang, & Bae, 2018; Menegaki & Ozturk, 2016; Ohlan, 2016; Zafar, Shahbaz, Hou, & Sinha, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The determinants and interrelationship of carbon emissions and economic growth in African economies: Fresh insights from static and dynamic models

Nathaniel

Barua

Hussain

et al. 2020

Journal of Public Affairs

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This study explores the interrelationship between CO2 emissions and economic growth in selected Africa economies from 1990 to 2014 providing evidence from both static and dynamic models. Results show that increases in energy use have a significant and positive effect on economic growth; which goes to show that growth in Africa is actually energy dependent. Further findings suggest that CO2 emissions have no significant contemporaneous effect, however, a significant and negative effect at a one‐period lag on economic growth. The significance of the impacts is consistently confirmed by both the static and dynamic estimations. Also, trade adds to economic growth and also contributes to environmental deterioration in Africa. There is a dire need for Africa to adjust its energy portfolio by shifting to clean energy sources which will enhance sustainable economic growth without deteriorating the environment.

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Nexus between non-renewable energy demand and economic growth in Bangladesh: Application of Maximum Entropy Bootstrap approach

Cited by 29 publications

References 66 publications

Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh

Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh

Empirical exploration of remittances and renewable energy consumption in Bangladesh

The determinants and interrelationship of carbon emissions and economic growth in African economies: Fresh insights from static and dynamic models

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