Economic growth and energy consumption nexus in Pakistan

2013 ◽  
Vol 2 (2) ◽  
pp. 251-275 ◽  
Author(s):  
Waqas Ahmed ◽  
Khalid Zaman ◽  
Sadaf Taj ◽  
Rabiah Rustam ◽  
Muhammad Waseem ◽  
...  
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Capita Income ◽  
Energy Demand ◽  
Electricity Consumption ◽  
Policy Implications ◽  
Per Capita Income ◽  
Content Type ◽  
Per Capita ◽  
The Relationship

PurposeThis study aims to examine the relationship between electricity consumption per capita (ELEC) and real per capita income (Y), as the direction of causation of this relationship remains controversial in the existing literature. It also seeks to explore the relationship between energy consumption per capita (ENC) and real per capita income, over a 34‐year period (between 1975 and 2009).Design/methodology/approachThe study uses Johansen cointegration technique to determine the short‐ and long‐run relationship between the variables. The authors also utilize Granger causality test to determine the causal relationship between the selected variables.FindingsThe study provides evidence of bi‐directional causality between the electricity consumption per capita and real per capita income on one hand; and energy consumption per capita and real per capita income on the other hand as the direction of causality has significant policy implications.Research limitations/implicationsThis study does not include all dimensions of the energy growth, but is limited to the three variables which the authors consider to be critical to economic development, including energy consumption, electricity consumption and economic growth.Originality/valueThe study uses a sophisticated econometric technique with additional tests of forecasting framework to examine the effect of energy demand on economic growth over a period of the next ten years, i.e. 2010‐2019, in the context of Pakistan. The impulse response describes the reaction of the system as a function of independent variable that parameterizes the dynamic behavior of the system.

Does income matter in the happiness-corruption relationship?

2014 ◽  
Vol 41 (3) ◽  
pp. 469-490 ◽  
Author(s):  
Mak Arvin ◽  
Byron Lew
Keyword(s):  
Empirical Model ◽  
Capita Income ◽  
Design Methodology ◽  
Per Capita Income ◽  
Content Type ◽  
Discernible Effect ◽  
Per Capita ◽  
The Relationship ◽  
Practical Implications ◽  
Cutoff Levels

Purpose – Empirical evidence on the relation between happiness (life satisfaction) and corruption is barely perceptible in the literature. The purpose of this paper is to contribute to closing this gap by presenting some estimates using a large cross-section of countries over the period 1996-2010. Design/methodology/approach – The empirical model allows both corruption and per capita income to enter as arguments of a happiness “production function”. The correlation between happiness and corruption is presumed to be non-linear. Findings – While the results do not support the existence of a Kuznets-type trajectory, the study finds that the level of per capita income determines whether happiness and corruption are related and in what way. The authors estimate cutoff income levels at which corruption has a discernible effect on happiness. The results show that corruption reduces happiness, but only for high-income countries – roughly the upper half of the income range in the sample. Practical implications – Results nullify the oft-asserted statement that happiness is negatively linked to corruption in all countries. The nature of correlation is more complex. Originality/value – The paper goes beyond simply testing whether happiness is related to corruption. It conjectures that the relationship between the two variables is non-monotonic. Thus, the analysis considers the notion that the association between happiness and probity is income dependent. A novel feature of the empirical model is that the estimated income cutoff levels are endogenously determined. That is, income thresholds are not pre-determined. The authors also test for the robustness of the results by addressing the issue of potential endogeneity of corruption.

The relationship between the shares of nutrient consumed across selected food groups and income in Nigeria

2014 ◽  
Vol 41 (1) ◽  
pp. 101-122 ◽  
Author(s):  
Kolawole Ogundari
Keyword(s):  
Capita Income ◽  
Food Product ◽  
Food Groups ◽  
Per Capita Income ◽  
Animal Products ◽  
Content Type ◽  
Product Categories ◽  
Per Capita ◽  
The 1960S ◽  
The Relationship

Purpose – The aim of this study is in twofolds. First, to take a critical look at nutrient consumed and its trends and second, to examine the relationship between share of nutrient consumed across selected food groups and per capita income in Nigeria. Design/methodology/approach – The author uses seemingly unrelated regressions. Findings – The result of the first objective reveals that the average calorie, protein and fat intakes were still below the recommended daily allowance since the 1960s as diets in Nigeria remained very much cereal-based over the years. Also, the results of objective two show that calorie, protein, and fat share of animal products respond positively but inelastic to the per capita income growth in Nigeria over the years. Originality/value – Contrary to previous studies, the present study is designed not to fit aggregated nutrient demand from various food items as a function of income, but to relate the nutrient share of each homogenous and heterogeneous food product categories to the aggregated nutrient intake from these food groups and per capita income in Nigeria.

scholarly journals On financial development and economic growth in Egypt

2019 ◽  
Vol 1 (2) ◽  
pp. 70-86
Author(s):  
Mahmoud Mohieldin ◽  
Khaled Hussein ◽  
Ahmed Rostom
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Developing Economies ◽  
Policy Implications ◽  
Data Set ◽  
Content Type ◽  
Time Series Modelling ◽  
Per Capita ◽  
Real Growth ◽  
The Relationship

Purpose This paper aims to discuss the evolution of the Egyptian banking sector and the main trends in financial development in Egypt. The purpose of this study is to examine empirically the relationship between the development of the financial sector and economic growth in Egypt between 1980 and 2016. Design/methodology/approach The paper draws comparisons based on critical financial indicators between Egypt and selected emerging markets and developing economies. It uses a new data set of financial development indexes released by the International Monetary Fund. This paper uses econometric time series modelling of bivariate regressions for real growth per capita and measures of financial development to assess the relationship between financial development and economic growth in Egypt. Findings There are three specific findings based on the empirical analysis. First, there is a strong association between real growth per capita and financial development measured by money supply to GDP. Second, access to and the efficiency of banking services are not associated with real per capita income. Third, the Financial Markets Access Index – which compiles data on market capitalization outside of the top ten largest companies and the number of corporate issuers of debt – indicates a robust association with real per capita GDP. Originality/value The paper uses advanced empirical investigation techniques and new data sets available to assess the critical relationship between finance and growth in Egypt. The main policy implications of the empirical results of this paper suggest a stronger focus on promoting a more proactive role for the financial services industry in Egypt. In particular, there is a critical role for bank financing to support the private sector to maintain an inclusive growth momentum. Further development of the capital market will promote sustainability of such economic growth.

Renewable energy consumption, nonrenewable energy consumption, CO2 emissions and economic growth in Vietnam

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Van Cam Thi Nguyen ◽  
Hoi Quoc Le
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Capita Income ◽  
Income Growth ◽  
Per Capita Income ◽  
Renewable Energy Consumption ◽  
Content Type ◽  
Per Capita ◽  
Capita Income Growth ◽  
Nonrenewable Energy

PurposeThis study intended to analyze the impact of nonrenewable energy consumption, renewable energy consumption, CO2 emissions on per capita income growth in Vietnam in the period 1990–2019.Design/methodology/approachThe present study adopts the technique of the Autoregressive Distributed Lag (ARDL) cointegration for the annual data collection of Vietnam.FindingsThe results of the study show that in the long term, nonrenewable energy consumption increases per capita income, but CO2 emissions reduce per capita income. In the short run, changes in nonrenewable energy consumption and renewable energy consumption promote per capita income growth in Vietnam. However, changes in nonrenewable energy consumption in the past have had a negative impact on the current income growth of Vietnamese people.Originality/valueThe current study provides new insights into the growth effect of nonrenewable energy consumption, renewable energy consumption and CO2 emissions. The papers suggests important implications to Vietnam in setting the long-run policies to boost the effect of energy consumption and CO2 emissions on growth in Vietnam in the coming time.

scholarly journals The Relationship between Economic Growth and Income Distribution: The Case of Transition Economies

2011 ◽  
Author(s):  
Dilek Özdemir ◽  
Ömer Selçuk Emsen ◽  
Ayşen Hiç Gencer ◽  
Cemil Hakan Kılıç
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Transition Economies ◽  
Capita Income ◽  
Panel Data Analysis ◽  
Kuznets Curve ◽  
Per Capita Income ◽  
Developed Country ◽  
Per Capita ◽  
The Relationship

In the literature on economic growth, Kuznets curve shows the relationship between growth and income distribution. According to the Kuznets curve, as per capita income rises, income distribution would first become more unequal, and then less unequal. This means that, in a less developed country poverty is shared; in a developing country the difference between the rich and the poor becomes wider; and in a developed country richness is shared. In economies in transition, from socialism to market economy, however, income distribution should be less unequal because of the socialist system. But during the transition, there occurred recessions that led to falls in income. Therefore, during the transition process, as income decreased, income distribution became more unequal. In this study, the relationship between per capita income and income distribution on the transition economies are investigated by means of panel data analysis. The results obtained are then compared with the Kuznets curve.

If you're corrupt, you'd better be free

2020 ◽  
Vol 47 (6) ◽  
pp. 1307-1325 ◽  
Author(s):  
Oguzhan Dincer
Keyword(s):  
Capita Income ◽  
Economic Freedom ◽  
Threshold Level ◽  
Ordinary Least Squares ◽  
Per Capita Income ◽  
Negative Effects ◽  
Content Type ◽  
Us States ◽  
Per Capita ◽  
The Relationship

PurposeThis study aims to investigate if the level of economic freedom matters for how corruption affects per capita income in US states.Design/methodology/approachUsing a new (and novel) index of corruption, which is based on Associated Press news wires, the author estimates the long-run cointegrating relationship between corruption, economic freedom and per capita income with fully modified ordinary least squares (FMOLS) following Pedroni (2000).FindingsThe author finds that there is a threshold level of economic freedom that determines if corruption reduces the per capita income in a state. According to the FMOLS estimations, the negative effects of corruption on income decrease as economic freedom increases, and they eventually disappear.Originality/valueThis is the first study investigating the intricate relationship between corruption, economic freedom and economic performance using data from US states. The study uses a news-based measure of corruption constructed by Dincer and Johnston (2017), which has several advantages over the convictions-based measure used in previous studies analyzing the relationship between corruption and growth using US data. The study takes into account the integration and cointegration properties of the data and estimates the relationship among the cointegrated variables using FMOLS following Pedroni (2000).

Public expenditure, economic growth and poverty alleviation

2016 ◽  
Vol 43 (6) ◽  
pp. 604-618 ◽  
Author(s):  
Ritwik Sasmal ◽  
Joydeb Sasmal
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Capita Income ◽  
Fixed Effects ◽  
Public Expenditure ◽  
Good Governance ◽  
Per Capita Income ◽  
Content Type ◽  
Per Capita ◽  
The Impact

Purpose – The purpose of this paper is to examine the impact of public expenditure on economic growth and poverty alleviation in developing countries like India. If poverty and inequality are high, the government may resort to distributive policies at the cost of long-term growth. The distributive policies and poverty alleviation measures fail to achieve success due to lack of good governance, lack of proper targeting and problems in the implementation of such schemes. On the other hand, if the nature of public expenditure is such that it enhances per capita income, it will help reduce poverty. Design/methodology/approach – After analytical digression and construction of hypotheses panel regression has been done using state-level data in the Indian context to empirically verify the above propositions. Both Fixed effects and Random effects models have been used for this purpose. Findings – The results show that in states where ratio of public expenditure on the development of infrastructure such as road, irrigation, power, transport and communication is higher, per capita income is also higher and incidence of poverty is lower indicating that economic growth is important for poverty alleviation and development of infrastructure is necessary for growth. Originality/value – This study demonstrates how public policy and public finance can be used as instruments for removal of poverty.

scholarly journals Drivers of Protein Consumption: A Cross-Country Analysis

2021 ◽  
Vol 13 (13) ◽  
pp. 7399
Author(s):  
Vania Andreoli ◽  
Marco Bagliani ◽  
Alessandro Corsi ◽  
Vito Frontuto
Keyword(s):  
Economic Growth ◽  
Capita Income ◽  
Animal Protein ◽  
Per Capita Income ◽  
Protein Consumption ◽  
Country Analysis ◽  
Per Capita ◽  
Cross Country ◽  
High Level ◽  
The Relationship

Consumption and production of proteins derived from animals have more significant environmental and health impacts than proteins derived from plants. This raises concerns mainly in consideration of the predictable increased consumption of animal proteins at the expense of vegetal ones due to growing income, especially in developing countries. Animal protein consumption, and particularly meat consumption, seems to start to decrease at a high level of income, which may suggest that economic growth solves or attenuates the environmental and health problems of animal food consumption. To test this possibility, the relationship between per capita income and animal and vegetal protein consumption is explored. Using a cross-country regression for 142 countries in 2017, animal-based protein, meat protein, and vegetal-based protein consumption are specified as dependent variables. In addition to per capita income, other potential drivers of protein choices, including ecological, demographic and social factors are controlled for. Apart from income, which still seems to be the most important driver of any type of protein consumption, the results suggest that protein consumption from animal sources and meat sources have different determinants. Though there is actually some evidence of an inverted U-shaped relationship between per capita income and animal protein consumption, the peak is at such high levels as to make economic growth irrelevant to curb animal protein consumption.

The Problem of Agricultural Taxation in West Pakistan and an Alternative Solution: A Comment (Notes & Comments)

1973 ◽  
Vol 12 (4) ◽  
pp. 433-437
Author(s):  
Sarfaraz Khan Qureshi
Keyword(s):  
Capita Income ◽  
Agricultural Sector ◽  
Central Government ◽  
Policy Implications ◽  
Farm Size ◽  
Per Capita Income ◽  
Tax Rate ◽  
Water Rate ◽  
Per Capita ◽  
The Government

In the Summer 1973 issue of the Pakistan Development Review, Mr. Mohammad Ghaffar Chaudhry [1] has dealt with two very important issues relating to the intersectoral tax equity and the intrasectoral tax equity within the agricultural sector in Pakistan. Using a simple criterion for vertical tax equity that implies that the tax rate rises with per capita income such that the ratio of revenue to income rises at the same percentage rate as per capita income, Mr. Chaudhry found that the agricultural sector is overtaxed in Pakistan. Mr. Chaudhry further found that the land tax is a regressive levy with respect to the farm size. Both findings, if valid, have important policy implications. In this note we argue that the validity of the findings on intersectoral tax equity depends on the treatment of water rate as tax rather than the price of a service provided by the Government and on the shifting assumptions regard¬ing the indirect taxes on imports and domestic production levied by the Central Government. The relevance of the findings on the intrasectoral tax burden would have been more obvious if the tax liability was related to income from land per capita.

scholarly journals Decentralization and Its Impact on Growth in India

2021 ◽  
Vol 16 (1) ◽  
pp. 130-151
Author(s):  
Fernanda Andrade de Xavier ◽  
Aparna P. Lolayekar ◽  
Pranab Mukhopadhyay
Keyword(s):  
Economic Growth ◽  
Capita Income ◽  
Fixed Effects ◽  
Capital Expenditure ◽  
Per Capita Income ◽  
Reverse Causality ◽  
Social Expenditure ◽  
Causality Test ◽  
Per Capita ◽  
National Growth

We study the effect of revenue decentralization (RD) and expenditure decentralization (ED) on sub-national growth in India from 1981–1982 to 2015–2016 for 14 large (non-special-category) states. Our study provides evidence that both RD and ED play a defining role in India’s sub-national growth in this three-and-a-half-decade period. We use a panel data model with fixed effects (FE) and Driscoll and Kraay standard errors that control for heteroscedasticity, autocorrelation and cross-sectional dependence. To test for causality between growth and decentralization, we use the Granger non-causality test. The regression analysis is supplemented with the distribution dynamics approach. We find that: (a) While decentralization Granger-caused economic growth, the reverse causality effect of growth on decentralization was not significant; (b) Economic growth increased significantly after liberalization; (c) Decentralization, capital expenditure and social expenditure had significant positive impacts on economic growth; and (d) States that had high levels of decentralization also had high levels of per capita income, while states that had low decentralization also exhibited low per capita income.

Sign in / Sign up

Export Citation Format

Share Document