scholarly journals Research on the coordination of energy in China’s economic growth

PLoS ONE ◽  
2021 ◽  
Vol 16 (6) ◽  
pp. e0251824
Author(s):  
Yuanying Chi ◽  
Guoqing Bai ◽  
Jialin Li ◽  
Bin Chen
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Correction Term ◽  
Variance Decomposition ◽  
Short Term ◽  
Total Energy Consumption ◽  
Consumption Growth ◽  
Integration Test ◽  
Growth Economic

This study uses the improved Cobb-Douglas two-factor production function model to explore the potential relationship between economic growth and energy consumption through the multiple co-integration test on the panel data of China from 1985 to 2018. The results show that there is a positive long-term balance between energy consumption and economic growth: economic growth of 1%, total energy consumption growth of 1.53%, which means that economic growth needs higher energy support in the former short term. At the same time, the error correction term will converge energy consumption to a long-term equilibrium state with an adjustment intensity of 134.59%. From the results of variance decomposition, we can also see that as the number of periods increases, the part of real economic growth explained by energy consumption gradually increases.

Energy Resources and Their Consumption

2022 ◽  
pp. 267-276
Author(s):  
Harpreet Kaur Channi
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Primary Source ◽  
Energy Sources ◽  
Total Capital ◽  
Growth Economic

Power is a significant cause of economic growth and crucial to the sustainability of the economy. Energy consumption is an indicator of a nation's economic growth. Economic growth is focused, among other aspects, on the long-term acquisition of affordable, existing resources, and their use does not pollute the environment. Industrialization serves economic growth and consumes energy. In 2018, 68% of total capital power was consumed by largest energy-intensive areas. When fossil fuel is the primary source of energy, energy consumption is positively correlated with ecosystem cleanliness. Fossil fuels account for more than 70% of the decent energy expectations of India and other economies. In this chapter, problems related to non-renewable energy sources are discussed, and emphasis is given to use more renewable sources.

Energy Consumption and Economic Growth Nexus in Bangladesh

2019 ◽  
Vol 7 (6) ◽  
pp. 497-509 ◽  
Author(s):  
Swati Anindita Sarker ◽  
Shouyang Wang ◽  
K M Mehedi Adnan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Empirical Investigation ◽  
Unit Root Test ◽  
Generalized Least Squares ◽  
Economic Progress ◽  
Integration Test ◽  
Augmented Dickey Fuller ◽  
Different Sources

Abstract The empirical investigation that examines the dynamics including the interaction between consumption of energy and economic progress has long been assessed. However, the interaction of these two in developing countries in general and Bangladesh, in particular, is a less explored subject. Hence, with this notion, this study examined the causal relationship among economic growth and energy consumption in Bangladesh. For this purpose, the study used energy consumption, gross domestic product (GDP), labor force, and capital data from 1981 to 2017 from different sources and data is analyzed by augmented Dickey-Fuller (ADF) unit root test, Johansen co-integration test and Granger test of causality. Results determine that energy consumption and economic growth have long term bi-directional relationship. The econometric model is estimated using generalized least squares (GLS) model. It is concluded that, consumption of energy and economic growth positively correlated and economic development highly depend on energy consumption in Bangladesh.

scholarly journals Relationship between Energy Consumption and Economic Growth in European Countries: Evidence from Dynamic Panel Data Analysis

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3565
Author(s):  
Łukasz Topolewski
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Dynamic Panel Data ◽  
European Countries ◽  
Short Term ◽  
Dynamic Panel ◽  
Panel Models ◽  
Dynamic Panel Models ◽  
The Relationship

The aim of the article is to empirically verify the relationship between energy consumption and economic growth. The time scope of this study covers the period of 2008–2019. The scope of analyzed subjects covers 34 European countries, 27 of which are currently members of the European Union. European countries consume large amounts of energy, so it is worth investigating the effect of reducing energy consumption on the process of economic growth. For this purpose, dynamic panel models were used. The research methods included the use of dynamic panel models, taking into account the Arellano and Bond and Blundell and Bond estimators. The results made it possible to identify the relationship between energy consumption and economic growth. It was found that, in the short term, increases in production will result in a statistically significant increase in energy consumption. Importantly, in the long term, this impact is also statistically significant and positive. On the other hand, taking into account the second of the estimated models, it can be concluded that, in the short term, increases in energy consumption do not cause changes in the rate of economic growth. The verification of this relationship in the long term also does not confirm it. In summary, it can be stated that a one-way relationship (in the short and in the long term), directed from economic growth towards energy consumption, was identified.

scholarly journals Relationship among Economic Growth (GDP), Energy Consumption and Carbon Dioxide Emission: Evidence from V4 Countries

Energies ◽  
2021 ◽  
Vol 14 (22) ◽  
pp. 7734
Author(s):  
Janusz Myszczyszyn ◽  
Błażej Suproń
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Soviet Union ◽  
Co2 Emissions ◽  
Carbon Dioxide Emission ◽  
Short Term ◽  
The Soviet Union ◽  
Per Capita ◽  
Sphere Of Influence

The main objective of the research was to determine the long-term and short-term correlation between CO2 emissions per capita, energy consumption per capita, and the level of economic growth of GDP per capita in the V4 countries. These countries, being EU members since 2004 and previously being in the sphere of influence of the Soviet Union, have introduced a number of economic reforms, but in the area of climate protection, including decarbonization, they struggle with many problems, as their economies are largely dependent on energy from non-renewable resources. The results of the research are varied, but the authors confirmed, especially in the case of Poland, the long-term correlations between the studied variables. In the short term, such interdependencies also occurred, especially between the level of energy consumption per capita and the level of CO2 emissions.

scholarly journals The Relationship between Economic Liberalisation and Growth for the Central Asian Republics

2012 ◽  
Author(s):  
Ekrem Erdem ◽  
Oğuzhan Türker
Keyword(s):  
Economic Growth ◽  
Economic Policies ◽  
Short Term ◽  
Central Asian ◽  
Almost All ◽  
The Relationship ◽  
Central Asian Republics ◽  
Growth Economic ◽  
Business Freedom

With the increase in globalization, the liberalisation tendencies have appeared on countries’ economic policies as well as at other areas. The countries have performed liberalisation in almost all the areas of economy by increasing their economic growth. Economic liberalisation movements have especially intensified on foreign trade and finance. The aim of this paper is to exhibit the relationship between economic liberalisation and economic growth for the Central Asian Republics. There are few studies that examine the relationship between economic liberalisation and growth for the Central Asian Republics. In this paper, the relationship between economic liberalisation and economic growth has been tested for 1998-2011 period on the six Central Asian Republics which are Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. Nine variables about economic liberalisation have been taken into account in the analysis. We reached two main results. Firstly, the countries have high index scores in terms of business freedom, trade freedom, fiscal freedom, government size and monetary freedom, while they have low index scores in terms of investment freedom, financial freedom, property rights, freedom from corruption. Secondly, there is no long-term relationship between economic freedom and growth for all countries. The available relations that we found out are short-term character.

scholarly journals Renewable Energy Production, Energy Consumption and Sustainable Economic Growth in Turkey: A VECM Approach

2019 ◽  
Vol 11 (5) ◽  
pp. 1273 ◽  
Author(s):  
Dilek Temiz Dinç ◽  
Ece Akdoğan
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Energy Production ◽  
Impulse Response Functions ◽  
Total Energy Consumption ◽  
Integration Test ◽  
Renewable Energy Production

There exists a highly interrelated relationship between energy, the environment and growth where the efficient management of this nexus is not only a must for sustainable development and human wellbeing but is also a basis for formulating sound economic policies harnessed with energy and environmental policies. Thus, this paper aims at investigating the causal relationships among renewable energy production, total energy consumption and economic growth for Turkey both in the long and short runs. The analyses are conducted by using the Johansen–Juselius co-integration test, the vector error correction model, Granger causality, impulse-response functions and variance decomposition for the period 1980–2016. Our findings obtained for the causal relationship between renewable energy and economic growth points to a bidirectional relationship both in the short and in long runs that promote feedback hypothesis, and it also reports a causal relationship running from energy consumption to economic growth both in the short and long runs, supporting the growth hypothesis. However, no consistent result could be obtained for the short run relationship from economic growth to energy consumption. These results indicate that increased renewable energy production and decreased energy consumption are vital for Turkey’s sustainable development.

PENGARUH KONSUMSI ENERGI DAN PENGELUARAN PERTAHANAN TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

2019 ◽  
Vol 1 (2) ◽  
pp. 393
Author(s):  
Roza Revika ◽  
Yeniwati Yeniwati
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Time Series Data ◽  
Descriptive Analysis ◽  
Defense Spending ◽  
Series Data ◽  
Short Term ◽  
Defense Expenditure ◽  
Long Run

This study aims to analyze the effect of energy consumption and defense expenditure on economic growth partially in theshort and long term in Indonesia. This study uses secondary data with descriptive analysis using Time Series data from 1988 to 2017. The analytical method used is Auto Regression Distributed Lag (ARDL). The results of this study indicate that energy consumption in the long run has a negative and significant effect on economic growth in Indonesia. Energy consumption in the short term has a negative and not significant effect on economic growth in Indonesia. Defense spending has a positive and significant effect on economic growth in Indonesia in the long term and in the short term. It can be concluded that in the long run energy consumption and defense expenditure significantly influence economic growth in Indonesia.

scholarly journals The Effect of Energy Consumption, Energy Resources, Economic Growth, and Road Infrastructure on Co2 Emissions in Indonesia

2021 ◽  
Vol 2 (3) ◽  
pp. 173-183
Author(s):  
Zulfikar Zulfikar ◽  
Sofyan Syahnur ◽  
M. Shabri Abd. Majid
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Time Series Data ◽  
Energy Resources ◽  
Series Data ◽  
Short Term ◽  
Road Infrastructure ◽  
Previous Period

This study aims to analyze the effect of energy resources, energy consumption, and road infrastructure on economic growth and their effect on CO2 emissions in Indonesia. This study uses time series data in Indonesia for the period 2000 to 2019 and the analytical model used is the Auto Regressive Distributed Lag (ARDL) model. The results found in this study are variables that have a significant effect on economic growth in the short term are road infrastructure in the same period, in the previous period, as well as in the previous 2 periods and resources. Meanwhile, the ones that have a significant effect in the long term are road infrastructure and energy resources. Variables that have a significant effect on CO2 emissions in the short term are road infrastructure, energy consumption in the previous period, economic growth in the previous period, energy consumption and energy resources. While the variables that influence in the long term are economic growth and energy resources.

Analysis of Econometric Relationship between Urbanization and Energy Consumption in China

2013 ◽  
Vol 295-298 ◽  
pp. 2475-2480 ◽  
Author(s):  
Qing You Yan ◽  
Xiao Mei Dong ◽  
Xin Yao
Keyword(s):  
Energy Consumption ◽  
Industrial Structure ◽  
Integration Theory ◽  
Short Term ◽  
Total Energy Consumption ◽  
Resource Saving ◽  
Correction Model ◽  
Urbanization Level ◽  
Equilibrium Relationship

This paper analyzed the econometric relationship between the urbanization and energy consumption from 1990 to 2010 in China with the co-integration theory and the error correction model. The results show that there is a long-term equilibrium relationship between urbanization and the total energy consumption, which has an effect of short-term adjustment. Urbanization has different effects on the consumption of coal, natural gas and electricity. Besides, the improvement of the urbanization level can lead to the increase of energy consumption in the short term. However, the energy efficiency can be improved in the long term due to the readjustment of the industrial structure and the promotion of energy-saving technologies. Therefore, the establishment of resource-saving urbanization model will help to reduce energy consumption under the current condition.

ANALISIS PERTUMBUHAN EKONOMI, KEMISIKINAN, DAN KORUPSI DI NEGARA ASEAN LOWER MIDDLE INCOME

2020 ◽  
Vol 2 (2) ◽  
Author(s):  
Riska Dewi Putri ◽  
Hasdi Aimon
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Variance Decomposition ◽  
Var Model ◽  
Short Term ◽  
Middle Income ◽  
Middle Income Countries ◽  
Long Run ◽  
Short And Long Term

This study aim to indentify and analyze responses economic growth, poverty and corruption in ASEAN lower middle income countries. Type of this research is descriptive and associative, used a secondary panel data from 2010 to 2017. This research was conducted using the Vector Autoregression (VAR) model through the analysis of Impulse Response Funtion (IRF) and Variance Decomposition (VD) to determine the variability response of a particular variable due to the shock of other variables. The results of this study indicate that: (1) Variability of economic growth is not contributed by the shock of poverty and corruption in the short term, but in the long run the variability of economic growth is contributed by the shock of poverty and corruption. (2) In the short variability of poverty is not contributed by the shock of economic growth and corruption term, but in the long run economic growth and corruption contribute to influencing poverty variability. (3) The variability of corruption is contributed by the shock of economic growth and poverty in the short and long term.

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