Analyzing the relationship between economic growth and electricity consumption from renewable and non-renewable sources: Fresh evidence from newly industrialized countries

2017 ◽

Author(s):

Emrah Sofuoğlu ◽

Oktay Kızılkaya ◽

Ahmet Ay

Keyword(s):

Economic Growth ◽

Cointegration Test ◽

Test Panel ◽

Industrialized Countries ◽

Macroeconomic Variables ◽

Newly Industrialized Countries ◽

Corruption Index ◽

The Relationship

Studies on corruption have been increasing in the literature recently. The effects of corruption, especially on macroeconomic variables, are a matter of curiosity for researchers. The aim of this study is to examine the relationship between corruption and economic growth. In this sense, Newly Industrialized Countries (NIC) are investigated in the study. The study covers the period 2001-2014 and to determine the long-term relationship, Pedroni cointegration test, panel FMOLS and panel DOLS coefficient estimators are utilised. According to the results of Pedroni cointegration test, there is a long-term relationship between corruption and economic growth. In addition, both panel FMOLS and DOLS results indicate that rise in corruption index contributes to higher economic growth in related countries.

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The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey

Renewable and Sustainable Energy Reviews ◽

10.1016/j.rser.2015.07.130 ◽

2015 ◽

Vol 52 ◽

pp. 534-546 ◽

Cited By ~ 108

Author(s):

Eyup Dogan

Keyword(s):

Economic Growth ◽

Electricity Consumption ◽

Renewable Sources ◽

The Relationship

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Electricity consumption and economic growth in ASEAN

Journal of Emerging Economies and Islamic Research ◽

10.24191/jeeir.v5i2.8801 ◽

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.

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The Relationship Among Military Expenditure, High Technological Product Exports, and Economic Growth

Research Anthology on Military and Defense Applications, Utilization, Education, and Ethics ◽

10.4018/978-1-7998-9029-4.ch034 ◽

2021 ◽

pp. 624-645

Author(s):

Sevgi Sezer

Keyword(s):

Economic Growth ◽

Panel Data Analysis ◽

Military Expenditure ◽

Gdp Per Capita ◽

High Tech ◽

Industrialized Countries ◽

G7 Countries ◽

Causality Relationship ◽

Per Capita ◽

The Relationship

In this chapter, the effects of military expenditure (MEXP) on high-tech exports (HTX) and GDP per capita (GDPPC) of G7 and new industrialized countries (NIC) are analyzed for period 1988-2015 by panel data analysis. The causality relationships between the series are examined by Dumitrescu and Hurlin test. In G7 countries, one-way causality relationship from HTX to MEXP and two-way causality relationship between MEXP and GDPPC have been identified. Also, in NIC countries, two-way causality relationship between HTX and MEXP and one-way causality relationship from GDPPC to MEXP have been determined. Cointegration relations are tested by Pedroni test and the series are found to be cointegrated. It is seen that in the G7 countries, 1% increase in MEXP during the period of 1988-2015 increased HTX by 0.71% and GDPPC by 0.98%. In NIC countries, the 1% increase in MEXP increased HTX by 1.7% and GDPPC by 0.96%. The effect of MEXP on HTX is found much higher in NIC countries.

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