Exploring the relationship between remittances received, education expenditures, energy use, income, poverty, and economic growth: fresh empirical evidence in the context of selected remittances receiving countries

2021 ◽  
Author(s):  
Shah Zaman ◽  
Zilong Wang ◽  
Qamar uz Zaman
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Energy Use ◽  
Income Poverty ◽  
Education Expenditures ◽  
The Relationship

Electricity consumption and economic growth in ASEAN

2017 ◽  
Vol 5 (2) ◽  
pp. 16
Author(s):  
Ahmad Ghazali Ismail ◽  
Arlinah Abd Rashid ◽  
Azlina Hanif
Keyword(s):  
Economic Growth ◽  
Energy Use ◽  
Electricity Consumption ◽  
Panel Estimation ◽  
Real Gdp ◽  
Long Run ◽  
Bidirectional Relationship ◽  
Short Run ◽  
Using Data ◽  
The Relationship

The relationship and causality direction between electricity consumption and economic growth is an important issue in the fields of energy economics and policies towards energy use. Extensive literatures has discussed the issue, but the array of findings provides anything but consensus on either the existence of relations or direction of causality between the variables. This study extends research in this area by studying the long-run and causal relations between economic growth, electricity consumption, labour and capital based on the neo-classical one sector aggregate production technology mode using data of electricity consumption and real GDP for ASEAN from the year 1983 to 2012. The analysis is conducted using advanced panel estimation approaches and found no causality in the short run while in the long-run, the results indicate that there are bidirectional relationship among variables. This study provides supplementary evidences of relationship between electricity consumption and economic growth in ASEAN.

scholarly journals Dynamic Relationship Between Energy and Economic Growth: Evidence from D8 Countries.

2011 ◽  
Vol 50 (4II) ◽  
pp. 437-458 ◽  
Author(s):  
Sarwat Razzaqi ◽  
Faiz Bilquees ◽  
Saadia . Sherbaz
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Energy Use ◽  
Demand And Supply ◽  
Dynamic Relationship ◽  
Long Run ◽  
Production And Consumption ◽  
Short Run ◽  
Oil Embargo ◽  
The Relationship

Energy sector has a vital influence on an economy, on both demand and supply sides. Therefore, energy production and consumption bear great importance for the developing world. The oil embargo of 1970‘s and its impact on major macroeconomic variables throughout the world attracted many economists to examine the relationship between energy and economic prosperity. The researchers have been unable to establish a definitive direction of causality between the two variables. The purpose of this study is to empirically investigate the dynamic relationship between energy use and economic growth in the D8 countries. The evidence gathered through application of VAR Granger Causality, Johansen Cointegration and VECM proves existence of short-run and long-run correlation between energy use and economic development in all countries. The results supported either uni-directional or bi-directional causality in the D8 countries except for Indonesia in short-run where non-causality was established between the two variables. JEL classifications: C22; Q43. Keywords: Energy Use, Economic Growth, D8, VAR Granger Causality, Cointegration, VECM

The relationship between environmental degradation, energy use and economic growth in Nigeria: new evidence from non-linear ARDL

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hammed Oluwaseyi Musibau ◽  
Waliu Olawale Shittu ◽  
Fatai Olarewaju Ogunlana
Keyword(s):  
Economic Growth ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Energy Use ◽  
Partial Sums ◽  
Future Research ◽  
Ekc Hypothesis ◽  
Content Type ◽  
Non Linear ◽  
The Relationship

Purpose The purpose of this paper is to study the relationship among environmental degradation, energy use and economic growth, thus lending a voice to testing the relevance, or otherwise, of the environmental Kuznets curve (EKC) hypothesis in Nigeria. Design/methodology/approach The authors rely on the secondary data obtained from World Bank’s World Development Indicators for Nigeria, between 1981 and 2014. The non-linear autoregressive distributed lag (ARDL) technique is used after examining the unit root properties – using the augmented Dickey–Fuller and Phillips–Perron methods – and the long-run relationship – using the ARDL bounds approach to estimate the asymmetries in the effects of economic growth on the environment. Findings The findings of this study uphold the relevance of the EKC hypothesis in Nigeria, as the growth of GDP first reduces the environmental quality but raises it over time. Furthermore, the use of energy is found to deteriorate environmental quality, given that CO2 rises by 0.002% for a unit increase in the consumption of energy in Nigeria. Research limitations/implications A limitation to this research is the data coverage, which is just between 1981 and 2014, based on availability. One other limitation is the use of electric power consumption as a proxy for energy use (because of the difficulty in obtaining accurate data on energy consumption in Nigeria). Future research should, therefore, test different other proxies, to either agree with the findings or justify any deviation therefrom. Also, the use of up-to-date data is recommended as an improvement to this study, while a non-linear technique should be used on studies involving the panel of countries. Originality/value Many studies have examined this relationship by simply taking the square of GDP as a measure of its non-linear effect on the environment. The authors are one of the first who consider the asymmetric effect of economic growth on the environment through the non-linear ARDL technique. With this, the partial sums of positive and negative changes in economic growth on the environment are easily established.

scholarly journals The Impact of Public Expenditure on Economic Growth: A Review of International Literature

2019 ◽  
Vol 19 (2) ◽  
pp. 81-101
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Government Spending ◽  
Public Expenditure ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Empirical Literature ◽  
The Impact ◽  
The Relationship

Abstract Research background: Although a number of studies have been conducted on the relationship between public expenditure and economic growth, it is difficult to tell with certainty whether or not an increase in public expenditure is good for economic growth. This lack of consensus on the results of the previous empirical findings makes this study of paramount importance as we take stock of the available empirical evidence from the 1980s to date. Purpose: In this paper, theoretical and empirical literature on the relationship between government expenditure and economic growth has been reviewed in detail. Focus was placed on the review of literature that assessed the impact of government spending on economic growth. Research Methodology: This study grouped studies on the impact of public expenditure on economic growth based on their results. Three groups emerged – positive impact, negative impact and no impact. This was followed by a review of each relevant study and an evaluation of which outcome was more prevalent among the existing studies on the subject. Results: The literature reviewed has shown that the impact of government spending on economic growth is not clear cut. It varies from positive to negative; with some studies even finding no impact. Although the impact of government spending on economic growth was found to be inconclusive, the scale tilts towards a positive impact. Novelty: The study provides an insight into the relationship between public expenditure and economic growth based on a comprehensive review of previous empirical evidence across various countries since the 1980s.

scholarly journals RELATIONSHIP BETWEEN POLLUTION AND ECONOMIC GROWTH IN CHINA: EMPIRICAL EVIDENCE FROM 111 CITIES

2015 ◽  
Vol 9 (1) ◽  
pp. 22-31 ◽  
Author(s):  
Haitao Zheng ◽  
Wenxin Huai ◽  
Lele Huang
Keyword(s):  
Economic Growth ◽  
Environmental Pollution ◽  
Environmental Protection ◽  
Empirical Evidence ◽  
Scale Effect ◽  
Composition Effect ◽  
Planning Project ◽  
Environmental Development ◽  
Economic Relationship ◽  
The Relationship

Steady economic growth and environmental protection are two contradictory goals of top priorities in China 2016–2020 Planning Project. Cities play important role in economic and environmental development. The research on cities’ economic-pollution relationship is vital to the choices in city developing patterns. This paper investigates the relationship between economic growth and environmental pollution of 111 Chinese prefectural-level cities in the period 2004–2012 and how it might influence the choice of a city's developing pattern. These 111 cities are classified to five different clusters, one of which has particular pollution-economic relationship and some of which coordinate the EKC theory. The paper suggests that city features, scale effect and composition effect are important in the distribution of cities’ developing patterns.

Economic Growth and Inequality: Revision of the Economic Policy

2021 ◽  
Vol 144 (2) ◽  
pp. 76-87
Author(s):  
Oleg S. Sukharev ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Policy ◽  
Policy Instruments ◽  
Income Growth ◽  
Income Poverty ◽  
Main Task ◽  
Software Module ◽  
Tax Changes ◽  
The Relationship

The study is devoted to the issue of changes in Russian economic policy in the context of a “covid” crisis and after it, based on the previous dynamics. The main task is to launch economic growth in Russia while solving acute social problems that were present before the “covid” crisis in the form of non-growing real disposable incomes, high poverty levels, and compressed consumption. The crisis has significantly exacerbated these problems, having worked to increase unemployment, created a special social regime for teleworking, and created imbalances in the distribution of demand and income. Poverty and inequality levels have increased, real disposable income and gross domestic product have decreased, which makes it urgent to determine the relationship between economic growth and inequality in the pre-crisis period in order to identify economic policy instruments that can stimulate growth while reducing the level of inequality and poverty in the country. The research methodology is a regression analysis based on the Gretl 2020b software module, the use of which makes it possible to select the best models of the relationship between the GDP value and inequality and poverty, as well as to reveal the influence of a set of parameters of the conducted macroeconomic policy on the income growth rate of 20% of the poorest and richest stratum of the country’s citizens. As these parameters, the key interest rate, the oil price, the level of monetization of the economy, the amount of inflation and the amount of budget expenditures are taken. Thus, it is possible to get a picture of the influence of the same economic policy instruments, when they change, on the dynamics of income of different strata of the population. This result makes it possible to identify for the future the possibilities of economic policy, together with the social measures taken to support the population in a crisis situation, the greatest opportunities for ensuring economic growth simultaneously with solving the problem of an outstripping income growth rate of the poorest strata of the population. The prospect of the undertaken research is the study of the influence of various institutional, including tax, changes on the dynamics of income of various groups of the population of the country.

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