A multivariate cointegrated modelling approach in testing temporal causality between energy consumption, real income and prices with an application to two Asian LDCs

1998 ◽  
Vol 30 (10) ◽  
pp. 1287-1298 ◽  
Author(s):  
Abul M. M. Masih ◽  
Rumi Masih
2014 ◽  
Vol 30 (4) ◽  
pp. 37-50 ◽  
Author(s):  
Jacek Kamiński

Streszczenie W artykule przedstawiono model matematyczny, który możne być zastosowany do badań i analiz dotyczących zużycia energii pierwotnej w sektorze energetycznym dla różnych struktur rynkowych. Choć problematyka ta była już przedmiotem badań w kontekście regulacji środowiskowych czy postępu technologicznego, według najlepszej wiedzy autora wcześniejsze prace nie omawiały problematyki zużycia paliw pierwotnych w zależności od struktur rynkowych. W artykule sfor- mułowano model matematyczny, który umożliwia takie analizy. Model jest oparty na koncepcji teorii gier - zastosowano podejście Coumota z uwzględnieniem oczekiwanych zmian (Conjectural Yariations - CV). Model został sformułowany jako problem programowania mieszanego komple- mentarnego (Mbced Complementarity Problem - MCP), który szczególnie nadaje się do modelowania systemów paliwowo-energetycznych w kontekście rynkowym. Przyjęto założenie o uwzględnieniu dwóch hurtowych rynków obrotu energią elektryczną, a mianowicie rynku dnia następnego (RDN) oraz rynku bilateralnego (OTC). Model może być zaimplementowany w dowolnym systemie mode- lowania wykorzystywanym do budowy matematycznych modeli systemów paliwowo-energetycz- nych. Oprócz analiz zużycia energii pierwotnej w sektorze energetycznym model będzie mógł być również wykorzystany do analiz ekonomicznych, w szczególności analiz dobrobytu konsumentów i producentów, strat społecznych oraz cen i wielkości produkcji. Badania przedstawione w niniejszym artykule będą kontynuowane, w szczególności w zakresie pozyskania danych i kalibracji modelu. `


2020 ◽  
Vol 31 (6) ◽  
pp. 1549-1568 ◽  
Author(s):  
Dalia M. Ibrahiem ◽  
Shaimaa A. Hanafy

PurposeThe purpose of this paper is to examine the dynamic linkages amongst ecological footprints, fossil fuel consumption, real income, globalization and population in Egypt in the period from 1971 to 2014.Design/methodology/approachThe paper uses fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) methods to investigate the long run relationships amongst ecological footprints, economic growth, globalization, fossil fuel energy consumption and population. Moreover, the Toda–Yamamoto approach is conducted to examine the causal relationships between variables.FindingsEmpirical results of FMOLS and DOLS methods show that real income and fossil fuel consumption are responsible for deteriorating the environment, while globalization and population are found to mitigate it. As for Toda–Yamamoto–Granger causal relationship results, unidirectional causal relation from globalization, population and fossil fuel energy consumption to the ecological footprint exists. Moreover, bidirectional causal relation between real income on the one hand and globalization and the ecological footprint on the other hand is found.Originality/valueUsing carbon dioxide emissions has major weakness as carbon dioxide emissions are considered only part of the total environmental deterioration so this study is the first study for Egypt that uses the ecological footprint as an indicator for environmental quality and environmental pollution and links it with globalization, economic growth, population and fossil fuel energy consumption. Moreover, realizing the direction of causality between these variables might help policymakers in designing the policies to promote the shift towards clean energy sources, especially that achieving sustainable economic growth with more contribution to the global economy depending on diversification of energy sources without deteriorating the environment is considered one of the most important objectives of Egypt’s National Vision 2030.


2019 ◽  
Vol 14 (3) ◽  
pp. 638-652 ◽  
Author(s):  
Javaid Ahmad Dar ◽  
Mohammad Asif

Purpose This study aims to fill the gap in income-environment literature by adding agricultural contribution to the nexus. The authors investigate the short-run and long-run impact of agricultural contribution, renewable energy consumption, real income, trade liberalisation and urbanisation on carbon emissions for a balanced panel of five South Asian Association for Regional Cooperation (SAARC) countries spanning the period 1990-2013. Design/methodology/approach Pedroni and Kao cointegration techniques have been used to test the existence of long-run relationship between the variables. The directions of causal relationships have been verified using Granger causality tests. Further, the long-run parameters of the baseline equation have been estimated by using the fully modified ordinary least squares, the technique developed by Pedroni, (2001a) for heterogeneous cointegrated panels. Findings The result reveals that agricultural contribution and renewable energy consumption improve environmental quality in the long run, while urbanisation and per capita real income degrade it. The study did not find any evidence of “pollution heaven hypothesis” in the selected countries. The Granger causality tests confirm bidirectional causality between carbon emissions and income and between carbon emissions and urbanisation. In addition, there is unidirectional causality running from agricultural contribution to renewable energy consumption. Originality/value This is the only study to investigate the role of agriculture sector in carbon mitigation from a panel of South Asian economies. To the best of the authors’ knowledge, it is also the first study to test the applicability of “pollution heaven hypothesis” for SAARC countries.


Sign in / Sign up

Export Citation Format

Share Document