The Impact of Energy Consumption, Trade Openness and Financial Development on Economic Growth: Empirical Evidence from Turkey (1980–2014)

doi:10.13187/es.2016.18.459

Cited by 7 publications

(4 citation statements)

References 18 publications

(26 reference statements)

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“…This can lead to increased volatility in the real GDP growth rate, making it more difficult for the Ethiopian economy to maintain a stable growth trajectory. This finding support by (Aslam & Awan, 2018;Benti, 2014;Cetin, 2016;Lao, 2017;Tan et al, 2020)…”

Section: Long Run Autoregressive Distribution Lag (Ardl) Modelsupporting

confidence: 76%

“…If investors and businesses interpret treasury bill sales as a signal of the central bank's commitment to economic stability, it may positively impact investment and economic activities. This finding supported by (Abdeta, 2021;Cetin, 2016;Duskobilov, 2017;Hailu & Debele, 2015;Noman & Khudri, 2015;Obadeyi et al, 2016).…”

Section: Short Run Error Correction Model (Ecm)supporting

confidence: 68%

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Effect of Monetary Policy on the Economic Growth of Ethiopia: An Autoregressive Distributed Lag (ARDL) Approach

Abdulkadr,

Asnakew,

Sendkie

et al. 2024

Preprint

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This study analyze the effect of monetary policy. To address this objective this study employed ARDL and error correction model (ECM) based on annual data from 1993 to 2022. Granger causality test was also employed to check the direction of causal effects of one variable on the other variable. All required pre and post estimation test were performed and verified that the model was statistical viable. The study revealed that, In short run, deposit interest rate, reserve required amount and open market operation have positive and statistically significant effects on real GDP growth of Ethiopia, however, money supply have negative and statistically significant effects on real GDP growth of Ethiopia. In long run, money supply have positive and statistically significant effects on real GDP growth of Ethiopia, however, deposit interest rate and reserve required have negative and statistically significant effects on real GDP growth of Ethiopia. To sum up, in short run contractionary monetary policy was promising and in long run expansionary monetary policy was favorable effect on economic growth. The Granger causality test result shows that there is bidirectional causality between monetary policy and economic growth; except there was unidirectional relationship between deposit interest rate and economic growth. Ultimately, this research suggests the following policy recommendation: for short-term economic enhancement, it is advisable for the government to opt for a contractionary monetary policy rather than an expansionary one. On the other hand, for long-term economic improvement, an expansionary monetary policy is more favorable than a contractionary one.

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Section: Long Run Autoregressive Distribution Lag (Ardl) Modelsupporting

confidence: 76%

Section: Short Run Error Correction Model (Ecm)supporting

confidence: 68%

Effect of Monetary Policy on the Economic Growth of Ethiopia: An Autoregressive Distributed Lag (ARDL) Approach

Abdulkadr,

Asnakew,

Sendkie

et al. 2024

Preprint

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“…High inflation rates may discourage businesses and investors from making longterm investments because of uncertainty and higher borrowing costs. Reduced investment can hinder economic expansion and, ultimately, affect GDP growth [42].…”

Section: Plos Onementioning

confidence: 99%

Nexus between inflation, income inequality, and economic growth in Ethiopia

Ali,

Asfaw

2023

PLoS ONE

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The relationship between inflation, income inequality, and economic growth is a subject of intense debate among economic researchers and policymakers. This study aims to analyze this relationship in Ethiopia using advanced statistical techniques such as VEC (vector error correction) model with Granger causality, and Johansen’s cointegrated. The study covers the period from 1980 to 2022 and includes pre and post-estimation diagnosis tests to ensure the accuracy of the model. The results indicate the presence of a long-run relationship among inflation, income inequality, and economic growth, as confirmed by Johansen’s cointegrated test. Additionally, the vector error correction model shows a strong long-run relationship between economic growth, income inequality, and inflation. In the short run, there is a significant association between income inequality and economic growth, as well as between inflation and economic growth. The Granger causality test reveals a bidirectional causality between economic growth and income inequality and between economic growth and inflation. However, there is a unidirectional causality from inflation to income inequality. Based on these findings, it is suggested that the government should implement various strategies and policies, including redistribution policies, social safety nets, promoting inclusive economic growth, coordinating effective monetary and fiscal policies, implementing progressive taxation, and reforming the labor market.

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“…The main factors affecting carbon emissions include economic growth (Asumadu-Sarkodie and Owusu, 2016; Karakaya et al, 2019;Wang and Zheng, 2021), Energy Consumption (Wang and Wang, 2019;Appiah et al, 2019), urbanization (Hanif, 2018;Pata, 2018;Wang et al, 2020) and Economic Opening (Gozgor, 2017;Cetin et al, 2018;Naz et al, 2019). With China's urban economic development, regional development strategies such as the Yangtze River Economic Belt, the Silk Road Economic Belt, the 21st Century Maritime Silk Road, and the Guangdong-Hong Kong-Macao Greater Bay Area have been implemented.…”

Section: Introductionmentioning

confidence: 99%

The Energy Conservation and Emission Reduction Effects of Economic Agglomeration: A Spatial Perspective Based on China's Province-level Data

Luo

Chen

2021

Preprint

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Based on the data of 30 provinces in China from 1995 to 2017, this paper combines exploratory spatial data analysis method, dynamic spatial Durbin model, and intermediary effect model to explore the spatial influence mechanism between economic agglomeration, energy intensity, and carbon emission intensity. The research results provide a basis for China's early realization of energy conservation and emission reduction goals, economical green development, and regional development strategy selection. Firstly, the results show that China's carbon emission intensity has apparent spatial agglomeration and path dependence characteristics. Secondly, the economic agglomeration has the dual effect of energy saving and emission reduction. Furthermore, there is a significant inverted N-curve relationship between economic agglomeration and carbon emission intensity and carbon emissions, and a significant U-shaped curve relationship exists between economic agglomeration and energy intensity. Finally, economic agglomeration can indirectly affect carbon emission intensity through the mediating effect of energy intensity, and there is a significant inverted U-shaped curve relationship between energy intensity and carbon emission intensity. Therefore, promoting mutual coordination of environmental policies and building a regional collaborative governance mechanism is an effective way to achieve a win-win situation for the environment and economy of Beautiful China.

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The Impact of Energy Consumption, Trade Openness and Financial Development on Economic Growth: Empirical Evidence from Turkey (1980–2014)

Cited by 7 publications

References 18 publications

Effect of Monetary Policy on the Economic Growth of Ethiopia: An Autoregressive Distributed Lag (ARDL) Approach

Effect of Monetary Policy on the Economic Growth of Ethiopia: An Autoregressive Distributed Lag (ARDL) Approach

Nexus between inflation, income inequality, and economic growth in Ethiopia

The Energy Conservation and Emission Reduction Effects of Economic Agglomeration: A Spatial Perspective Based on China's Province-level Data

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