scholarly journals The relationship between energy consumption and economic growth: Evidence from non-Granger causality test

2017 ◽  
Vol 120 ◽  
pp. 671-675 ◽  
Author(s):  
Faisal Faisal ◽  
Turgut Tursoy ◽  
Ozlem Ercantan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Causality Test ◽  
The Relationship

Study of the Relationship among Economic Growth, Export and Energy Consumption in China

2014 ◽  
Vol 694 ◽  
pp. 542-546
Author(s):  
Xiao Wei Yang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Analytical Framework ◽  
Test Method ◽  
Causality Test ◽  
Equilibrium Relationship ◽  
The Relationship

This paper uses co-integration theories and Granger causality test method to analyze the inter-linkages among China's economic growth, export and energy consumption within a unified analytical framework. The results show that there exists a long-term equilibrium relationship between economic growth, exports and energy consumption, and economic growth and exports both promote energy consumption in the long term. Furthermore, there exist bi-directional Granger causality between economic growth and energy consumption, export and energy consumption respectively.

The Analysis of Energy Consumption and Economic Growth in China

2011 ◽  
Vol 361-363 ◽  
pp. 1708-1712
Author(s):  
Su He ◽  
Ming Ming Chang
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Energy Consumption ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Causality Test ◽  
The Relationship ◽  
Cointegration Relationship ◽  
Reasonable Energy

This paper analyses the relationship between China's economic growth and energy consumption of the period 1978-2009 by the Granger causality test. The results of the study show that: economic growth and energy consumption have cointegration relationship, energy consumption promote economic growth, but economic growth is not Granger caused the consumption of energy. In order to promote China's economic development, the reasonable energy consumption quantity must be found, It's a new topic.

The relationship between financial development and economic growth in Eswatini (formerly Swaziland)

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Siphe-okuhle Fakudze ◽  
Asrat Tsegaye ◽  
Kin Sibanda
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Financial Development ◽  
Granger Causality Test ◽  
Causality Test ◽  
Content Type ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
The Relationship

PurposeThe paper examined the relationship between financial development and economic growth for the period 1996 to 2018 in Eswatini.Design/methodology/approachThe Autoregressive Distributed Lag bounds test (ARDL) was employed to determine the long-run and short-run dynamics of the link between the variables of interest. The Granger causality test was also performed to establish the direction of causality between financial development and economic growth.FindingsThe ARDL results revealed that there is a long-run relationship between financial development and economic growth. The Granger causality test revealed bidirectional causality between money supply and economic growth, and unidirectional causality running from economic growth to financial development. The results highlight that economic growth exerts a positive and significant influence on financial development, validating the demand following hypothesis in Eswatini.Practical implicationsPolicymakers should formulate policies that aims to engineer more economic growth. The policies should strike a balance between deploying funds necessary to stimulate investment and enhancing productivity in order to enliven economic growth in Eswatini.Originality/valueThe study investigates the finance-growth linkage using time series analysis. It determines the long-run and short-run dynamics of this relationship and examines the Granger causality outcomes.

The Empirical Research between China's Scientific and Technological Investment and Economic Growth

2013 ◽  
Vol 444-445 ◽  
pp. 1607-1611
Author(s):  
Ying Lei
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Technological Progress ◽  
Science And Technology ◽  
Growth Index ◽  
Granger Causality Test ◽  
Sample Period ◽  
Causality Test ◽  
Financial Investment ◽  
The Relationship

In order to explore the relationship between China's scientific and technological progress and economic growth, granger test is been used on investment in science and technology and economic growth based on the sample period (1995-2010) of economic data.The experimental results show that : the scientific and technological progress and economic growth are each other's Granger causes. The paper divide the investment of science and technology into the manpower investment and financial investment in the analysis of economic growth and investment of science and technology the causality, then do Granger causality test on economic growth index GDP.

Exploring the Relationship between Industrial Economic Growth and Environmental Pollution - An Empirical Analysis Based on Cointegration and Granger Causality Test

2013 ◽  
Vol 423-426 ◽  
pp. 1377-1382
Author(s):  
Chao Wang ◽  
Jiang Liu ◽  
Li Huang ◽  
Wei Li
Keyword(s):  
Economic Growth ◽  
Environmental Pollution ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Industrial Emissions ◽  
Causality Test ◽  
Pollution Emission ◽  
The Relationship ◽  
Cointegration Relationship ◽  
Industrial Economic

This paper aims at investigating the cointegration relationship between industrial economic growth and environmental pollutions from the timing dimension by using three types of environmental pollution indicators of industrial emissions and going further to test whether this relationship is bidirectional Granger causality. Firstly, the cointegration analysis’ result shows that the relationship between industrial economic growth and environmental quality may not meet the hypothesis of EKC curve. In the timing period analyzed, the relationship is linear and positive. Hence, promoting the relationship to be negative when only relying on self-regulation of the market will probably not be achieved. Secondly, based on cointegration test, this paper goes further to conduct Granger causality test of cointegration relationship. The result shows industrial economic growth causes pollution emission but it is not true vice versa. The reasons possibly include that that the technological progress in recent years may not embody on the reduction of pollution emission intensity, the absence of resources product market, the lack of tradable emission permits market and no effective incentives of green production behaviors of enterprises to react up on encouraging enterprises’ development. These generate external pressure to the transformation of industrial economic growth pattern.

scholarly journals THE DIRECTION ANALYSIS OF CAUSALITY BETWEEN ECONOMIC AND BANK CREDIT GROWTH IN SOUTH AFRICA

2016 ◽  
Vol 1 (2) ◽  
pp. 42
Author(s):  
Dr. Goodman Chakanyuka
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Business Cycles ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Bank Credit ◽  
Causality Test ◽  
Credit Growth ◽  
Study Results ◽  
The Relationship

Purpose: The purpose of this study was to Analyze of the Relationship between Business Cycles and Bank Credit Extension: Evidence from South Africa. The study sought establish the direction of causality between economic growth and bank credit growth in South AfricaMethodology: The econometric methodology is used to augment results of the survey study. Granger causality test technique is applied to the variables of interest to test for direction of causation between variables. The study uses quarterly data for the period of 1980: Q1 to 2013: Q4. Business cycles are determined and measured by Gross Domestic Product at market prices while bank-granted credit is proxied by credit extension to the private sector.Results: Results revealed that, that there is a stable long-run relationship between macro-economic business cycles and real credit growth in South Africa. The results show that economic growth significantly causes and stimulates bank credit. The Granger causality test provides evidence of unidirectional causal relationship with direction from economic growth to credit extension for South Africa. The study results indicate that the case for demand-following hypothesis is stronger than supply-leading hypothesis in South Africa. Economic growth spurs credit market development in South Africa.Unique contribution to theory, practice and policy: It proposes practical policy prescriptions to address challenges currently facing South Africa. The other major contribution of this study is that it shall open new avenues for further research on finding causality of the relationship between various proxies of economic growth and financial development adopting the VAR framework

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