Nexus between energy consumption, information and communications technology, and economic growth: An enquiry into emerging Asian countries

2020 ◽  
Author(s):  
Gagan Deep Sharma ◽  
Mohammad Mafizur Rahman ◽  
Mansi Jain ◽  
Ritika Chopra
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Information And Communications Technology ◽  
Communications Technology ◽  
Asian Countries

Taiwan's Economy: An Economic Recession in the Making

2016 ◽  
Vol 08 (01) ◽  
pp. 128-143
Author(s):  
Chien-Hsun CHEN
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Competitive Advantage ◽  
Industrial Structure ◽  
Economic Recession ◽  
Information And Communications Technology ◽  
Communications Technology ◽  
Technology Sector

Taiwan experienced a sharp deceleration in economic growth in the second quarter of 2015. If Taiwan's exports continue to deteriorate, Taiwan would have to struggle to maintain a one per cent growth rate. Taiwan's economic conundrums mainly lie with its deteriorating industrial structure. Without deepening industrial structural upgrades and reforms in the information and communications technology sector in particular, Taiwan will lose its international competitive advantage.

scholarly journals The Relationship between Energy Consumption and Growth in the Transition Economies of Central Asian Republics

2013 ◽  
Author(s):  
Abdullah Özdemir ◽  
Mehmet Mercan ◽  
Erkan Dendeş
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Soviet Union ◽  
Transition Period ◽  
Panel Data Analysis ◽  
Asian Countries ◽  
Capitalist System ◽  
The Soviet Union ◽  
Central Asian ◽  
Central Asian Countries

The transition period from the socialist system to the capitalist system is used to describe economies in transition. With the dissolution of the Soviet Union in the 1990s, with Central and Eastern European Countries, the Countries in Central Asia have entered into this process. Central Asian Countries haven’t entered into this process providently a lot in transitional stage. At the end of secession process from the Soviet Union, these countries had only limited industrial plants and natural resources. However, reserves of energy resources that these countries have in their economic growth have been a pusher factor. No doubt, increasing energy consumption has a significant effect in the development of the countries. The main purpose of this study is to test the existence of growth relation and energy consumptions in Central Asian Countries that live the transition period accordingly. This study investigates relationship between economic growth and energy consumption for Central Asian Countries over the period 1990-2010 by using panel data analysis. As a conclusion it is reached that there is a significant correlation between energy consumption and economic growth for these countries.

scholarly journals Nexus Between Carbon Emissions, Energy Consumption, Urbanization and Economic Growth in Asia: Evidence From Common Correlated Effects Mean Group Estimator (CCEMG)

2021 ◽  
Vol 8 ◽  
Author(s):  
Yusuf Babatunde Adeneye ◽  
Amar Hisham Jaaffar ◽  
Chai Aun Ooi ◽  
Say Keat Ooi
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emission ◽  
Panel Cointegration ◽  
Energy Prices ◽  
Asian Countries ◽  
Cross Sectional ◽  
Long Run ◽  
Cointegration Tests ◽  
Common Correlated Effects

This study investigates the dynamic relationships between carbon emission, urbanization, energy consumption, and economic growth in a panel of 42 Asian countries for the period 2000–2014 using dynamic common correlated effects panel data modeling. This study employs second generation cross-sectional Pesaran (J. Appl. Econom., 2007, 22(2), 265-312) panel unit root, Westerlund panel cointegration tests (Econom. Stat., 2007, 69(6), 709-748), and Pesaran’s (Econometrica, 2006, 74(4), 967-1012) common correlated effects mean group estimation technique. These approaches allow for cross-sectional dependence, and are robust to the presence of common factors, serial correlation, and slope heterogeneity. The Common Correlated Effect Mean Group test reveals a high average coefficient of 0.602 between carbon emission and energy consumption while low coefficients of 0.114 and 0.184 for the pairs of carbon emission-urbanization and carbon emission-GDP, respectively for the panel as a whole, suggesting a cointegration between carbon emission, urbanization, energy consumption, and economic growth. The results indicate that there is relatively high carbon emission especially for highly populated and geopolitical risk Asian countries in the short run. Findings reveal long run relationships between the variables, which is attributed to the on-going carbon taxation and energy prices. Our results are robust to PMG-ARDL estimator. Overall, these findings cast important implications on renewable energy policy and urban planning insights for the policymakers.

scholarly journals The Macroeconomic Impacts of E-Business on the Economy

2010 ◽  
pp. 1-11 ◽  
Author(s):  
Daniel Heil ◽  
James E. Prieger
Keyword(s):  
Economic Growth ◽  
Information And Communications Technology ◽  
Communications Technology ◽  
Profound Impact ◽  
Macroeconomic Conditions ◽  
Long Run ◽  
Macroeconomic Impacts ◽  
Business Changes ◽  
The Cost ◽  
Effectiveness Of Monetary Policy

The growing use of information and communications technology (ICT) by business—e-business— has a profound impact on the economy. E-business lowers costs and increases the choices available to consumers and firms. These microeconomic changes work their way through the economy and ultimately influence macroeconomic conditions. Overall, e-business benefits the economy in many ways. Nevertheless, not all the effects of e-business on macroeconomic conditions are positive, and some aspects of e-commerce may limit the effectiveness of monetary policy. E-business changes the macroeconomy in several beneficial ways. Some gains are static in nature, arising from the more efficient use of existing resources. For example, increases in productivity increase a nation’s GDP. In addition, by lowering search and transaction costs, e-business unleashes deflationary pressures (Willis, 2004). Other gains are dynamic, altering the path national growth takes. By lowering the cost of transferring and employing knowledge, ICT enables greater R&D and innovation, which is crucial to long-run economic growth.

Nexus of Renewable Energy Consumption, Economic Growth, Population Growth, FDI, and Environmental Degradation in South Asian Countries: New Evidence from Driscoll-Kraay Standard Error Approach

2021 ◽  
Vol 3 (2) ◽  
pp. 200-211
Author(s):  
Ansar Abbas Shah ◽  
Muhammad Sajjad Hussain ◽  
Muhammad Atif Nawaz ◽  
Mazhar Iqbal
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Population Growth ◽  
South Asian ◽  
Environmental Degradation ◽  
Asian Countries ◽  
Renewable Energy Consumption ◽  
Cross Sectional ◽  
Cross Sectional Dependence

Environmental degradation is the most prominent area nowadays, especially in developing counties where high renewable energy consumption and population growth deteriorate the atmosphere of the country. Thus, the current study investigates the nexus among renewable energy consumption, economic growth (EG), population growth, foreign direct investment (FDI), and environmental degradation in South Asian countries. The covariance matrix estimators that are developed by “Driscoll and Kraay” are used in this study. The primary property of this estimator is that it does not account for the cross-sectional dependence; thus, it provides substantial, robust outcomes among the cross-sectional units while in the presence of cross-sectional dependence. The data was collected from the World Development Indicators (WDI) from 2001 to 2019. The findings exposed that positive nexus among the population growth, FDI, and environmental degradation while renewable energy consumption and EG has negative nexus with environmental degradation and also not supported the EKC hypothesis in South Asian countries. These findings suggested that the regulators should develop policies that reduce environmental degradation in the presence of high EG, energy consumption, FDI, and population growth.

scholarly journals Evaluation of decoupling of GDP and energy in Central Asia

2021 ◽  
Vol 899 (1) ◽  
pp. 012029
Author(s):  
A Junissov ◽  
A Bekaliyev ◽  
A Adamov ◽  
S G Poulopoulos
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Central Asia ◽  
Carbon Dioxide Emissions ◽  
Primary Energy ◽  
Asian Countries ◽  
Environmental Pressure ◽  
Central Asian ◽  
Central Asian Countries ◽  
Primary Energy Supply

Abstract Currently, economic growth remains the main criterion of development. However, it does come along with threats to the environment, due to its link to the increased energy consumption and carbon dioxide emissions. Decoupling can be used to break this link and stop jeopardizing the environment in the favor of economic progress. This paper focuses on the decoupling between economic growth and energy consumption in each of five Central Asian countries – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan – from 1990 to 2014. The Tapio decoupling model was implemented in order to determine the decoupling states for each country. Gross domestic product (GDP) was used to represent the economic growth, and the total primary energy supply (TPES) described the environmental pressure. These data were obtained from the IKE World Energy Balances. Both the GDP and the TPES of most of the Central Asian countries had a parabolic trend of initial drop and further increase during the timespan analyzed. This observation can be explained by the collapse of USSR and the transition to market economy. The results of the decoupling analysis can be divided into two stages for Kazakhstan, Turkmenistan, and Uzbekistan, and into three stages for Kyrgyzstan and Tajikistan, with several different decoupling states observed during each stage. According to the results, the main decoupling states in Central Asia were expansive negative decoupling, expansive coupling, weak decoupling, and strong decoupling. The analysis showed that there is a serious environmental pressure on the economic development in Central Asia.

Sign in / Sign up

Export Citation Format

Share Document