The causal relationship between electricity consumption and economic growth in the ASEAN countries

Yoo, Seung‐Hoon

doi:10.1016/j.enpol.2005.07.011

Cited by 368 publications

(163 citation statements)

References 37 publications

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“…Recent studies that made significant contribution to the literature are Al-faris (1992), Eltony and Hoque (1996), Mohammad and Eltony (1996), Masih and Masih (1996a & b), Cheng and Lai (1997), Brenton (1997), Diabi (1998), Ghali (1998), Pesaran et.al (1998), Sinton and Fridley (2000), Aqeel and Butt (2001), Hondroyiannis et.al (2002), Soytas and Sari (2003), Fisher-Vanden et.al (2004), Al-Iriani (2006), Wolde-Rufael (2006), Lee (2005), Yoo (2006), Mahadevan and AsafuAdjaye (2007) and Chiou-Wei et.al (2008). However, there are limited empirical studies on the demand for energy for small island states, for example, Fiji with only a few studies (Narayan andSingh, 2007 andRao andRao, 2009a &b).…”

Section: Introductionmentioning

confidence: 99%

Cointegration and the demand for energy in Fiji

Kumar

2011

IJGEI

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This paper applies alternative time series techniques such as General to Specific (GETS) and Johansen Maximum Likelihood (JML) to estimate the long run income and price elasticities of demand for energy for Fiji. We also test for the causal relationship between energy consumption, GDP and energy prices using the Granger causality tests. Our results imply that there is a uni-directional causality running from GDP to energy consumption.

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Section: Introductionmentioning

confidence: 99%

Cointegration and the demand for energy in Fiji

Kumar

2011

IJGEI

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“…Most of past studies have applied the Granger causality analysis with ECM techniques to identify the causal relationship between electricity consumption, economic growth; and CO 2 emissions [5,16,32]. Unlike majority of previous studies, this study used combination of OLS-EG, DOLS, ARDL and ECM approaches to identify the long run and short run elasticity between total energy consumption and economic performance for Malaysia.…”

Section: Literature Reviewmentioning

confidence: 99%

Dynamic Cointegration Link between Energy Consumption and Economic Performance: Empirical Evidence from Malaysia

Loganathan¹,

Subramaniam²

2010

IJTEF

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Abstract-During the past three decades, demand for energy in Malaysia grew rapidly, increasing at an average rate of 5% in the 1980s and 12% in 2009, surpassing the gross domestic product growth of 5%; and 3% over the corresponding period. The main objective of this study is to identify sustainability between energy consumption and economic performances during the past three decades by applying Ordinary Least Square Engel-Granger (OLS-EG), Dynamic Ordinary Least Square (DOLS), Autoregressive Distributed Lag (ARDL) bounds testing approach and Error Correction Model (ECM). Utilizing data from 1971-2008, the findings of this study reveals that there is a bidirectional co-integration effects between total energy consumption and Malaysia's economic performance. The key result from this study shows that, energy consumption in Malaysia is on sustainable limits with 57% speed of adjustment to reach long run equilibrium caused by short run shocks in Malaysia's economic performance.

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“…The results reveal that economic growth causes electricity consumption in 6 countries (Cameroon, Ghana, Nigeria, Senegal, Zambia, Zimbabwe), whereas electricity consumption causes economic growth in 3 countries (Benin, Republic of Congo, Tunisia), and the feedback effect exists between both variables in 3 countries (Egypt, Gabon, Morocco) 3 . Yoo (2006) investigated the direction ofthe causal association between electricity consumption and economic growth for ASEAN countries and reported a feedback effect for Malaysia and Singapore and that economic growth causes electricity consumption in Indonesia and Thailand. In the case of the OPEC region, Squalli (2007) employed the bounds testing and causality approaches developed by Pesaran et al (2001) and Toda and Yamamoto (1995), respectively, to examine cointegration and causality between electricity consumption and economic growth.…”

Section: Electricity Consumption and Economic Growthmentioning

confidence: 99%

Dynamics of electricity consumption, oil price and economic growth: Global perspective

et al. 2017

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Abstract:This study uses the data from 157 countries from 1960 to 2014 to analyze the relationship between economic growth, electricity consumption, oil prices, capital, and labor. The economic growth of developing countries with industrial infrastructure has a more significant association with electricity consumption than oil prices. We use oil prices and electricity consumption jointly to study highly predictive observations for economic growth. The data are categorized by income, OECD and regional levels. The panel cointegration, long-run parameter estimation, and Pool Mean Group testsare used to analyze the cointegration and short-run and long-run relationships between the variables. The empirical results indicate the presence of cointegration between the variables. The presence of feedback effects between electricity consumption and economic growth, oil prices and economic growth is valid. These findings confirm that inspite of the oil prices, developing countries rely heavily on electricity consumption for economic growth. In the short run, growth and feedback effects suggest that more vigorous electricity policies should be implemented to attain sustainable economic growth for the long-term.

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The causal relationship between electricity consumption and economic growth in the ASEAN countries

Cited by 368 publications

References 37 publications

Cointegration and the demand for energy in Fiji

Cointegration and the demand for energy in Fiji

Dynamic Cointegration Link between Energy Consumption and Economic Performance: Empirical Evidence from Malaysia

Dynamics of electricity consumption, oil price and economic growth: Global perspective

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