A review of economic growth and energy consumption in a developing country: Ghana

OPEC Review ◽  
1993 ◽  
Vol 17 (1) ◽  
pp. 47-61 ◽  
Author(s):  
Edward M. Abakah
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Developing Country

scholarly journals Energy consumption, export performance and economic growth in a landlocked developing country: The case of Nepal

AIMS Energy ◽  
2021 ◽  
Vol 9 (3) ◽  
pp. 516-533
Author(s):  
Resham Thapa-Parajuli ◽  
◽  
Saurav Aryal ◽  
Majed Alharthi ◽  
Ramesh C Paudel ◽  
...  
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Developing Country ◽  
Export Performance

The Nexus between Financial Development, Economic Growth and Energy Consumption in India: A VECM Technique

2020 ◽  
pp. 602-612
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Consumer Price Index ◽  
Development Economic ◽  
Energy Prices ◽  
Vector Error Correction ◽  
Percent Increase ◽  
Growth Energy ◽  
The Impact

The demand for energy consumption requires efficient financial development in terms of bank credit. Therefore, this study examines the nexus between Financial Development, Economic Growth, Energy Prices and Energy Consumption in India, utilizing Vector Error Correction Model (VECM) technique to determine the nature of short and long term relationships from 2010 to 2019. The estimation of results indicates that a one percent increase in bank credits to private sector results in 0.10 percent increase in energy consumption and 0.28 percent increase in energy consumption responses to 1 percent increase in economic growth. It is also observed that the impact of energy price proxied by consumer price index is statistically significant with a negative sign indicating the consistency with the theory.

scholarly journals Empirical Research on the Relationship amongst Renewable Energy Consumption, Economic Growth and Foreign Direct Investment in Kazakhstan and Uzbekistan

Energies ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 332
Author(s):  
Janusz Grabara ◽  
Arsen Tleppayev ◽  
Malika Dabylova ◽  
Leonardus W. W. Mihardjo ◽  
Zdzisława Dacko-Pikiewicz
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Direct Investment ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Integration Test ◽  
The Relationship

In this contemporary era, environmental problems spread at different levels in all countries of the world. Economic growth does not just depend on prioritizing the environment or improving the environmental situation. If the foreign direct investment is directed to the polluting industries, they will increase pollution and damage the environment. The purpose of the study is to consider the relationship between foreign direct investment in Kazakhstan and Uzbekistan and economic growth and renewable energy consumption. The study is based on data obtained from 1992 to 2018. The results show that there is a two-way link between foreign direct investment and renewable energy consumption in the considered two countries. The Granger causality test approach is applied to explore the causal relationship between the variables. The Johansen co-integration test approach is also employed to test for a relationship. The empirical results verify the existence of co-integration between the series. The main factors influencing renewable energy are economic growth and electricity consumption. To reduce dependence on fuel-based energy sources, Kazakhstan and Uzbekistan need to attract energy to renewable energy sources and implement energy efficiency based on rapid progress. This is because renewable energy sources play the role of an engine that stimulates the production process in the economy for all countries.

Analysing Nexus between Economic Growth, GHG Emissions, and Energy Consumption for India

2021 ◽  
Vol 17 (1) ◽  
pp. 1-16
Author(s):  
Asim Hasan ◽  
Rahil Akhtar Usmani
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Carbon Emissions ◽  
Series Data ◽  
Gas Emissions ◽  
Current Time ◽  
Causal Influence ◽  
Integration Test

Rising greenhouse gas emissions is an important issue of the current time. India’s massive greenhouse gas emissions is ranked third globally. The escalating energy demand in the country has opened the gateway for further increase in emissions. Recent studies suggest strong nexus between energy consumption, economic growth, and carbon emissions. This study has the objective to empirically test the aforementioned interdependencies. The co-integration test and multivariate vector error correction model (VECM) are used for the analysis and the Granger Causality test is used to establish the direction of causality. The time-series data for the period of 1971–2011 is used for the analysis. The results of the study confirm strong co-integration between variables. The causality results show that economic growth exerts a causal influence on carbon emissions, energy consumption exerts a causal influence on economic growth, and carbon emissions exert a causal influence on economic growth. Based on the results, the study suggests a policy that focuses on energy conservation and gradual replacement of fossil fuels with renewable energy sources, which would be beneficial for the environment and the society.

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