scholarly journals Effects of Energy Consumption of Top 24 Polluted Countries on their GDP: New Evidence Based on Natural Resources and Production of Electricity

2019 ◽  
Author(s):  
Rabnawaz Khan ◽  
YuSheng Kong
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Probit Analysis ◽  
Evidence Based ◽  
Economic Output ◽  
Rapid Economic Growth ◽  
Short Run ◽  
Energy Indicators ◽  
Using Data ◽  
New Evidence

Results of rapid economic growth, China, USA, and India have become the largest energy stealer and the greatest emitter of CO2 in the world and burn over 45% of global fuels in 2016. Meanwhile, the developing strategies of 24 polluted countries to decrease the energy consumption without additional economic output. This paper is exploring the effect of world top polluted countries C02 emission and their GDP and the production of electricity by energy indicators. The GLM model is not predict logistic and probit analysis directly; instead, it is mainly used for instinct to response of CO2 emission, using data for the period 1968-2017. The huge production of electricity will cause of abnormal CO2; this study offers true indication of exploring consumption of energy issues from the perspective of Granger casual and a positive unidirectional causality is detected between energy consumption to economic growth, while short-run bidirectional casualty exists among energy indicators.

Further evidence on the causal relationship between government spending and economic growth: The case of Greece, 1958–2004

2009 ◽  
Vol 59 (1) ◽  
pp. 57-78 ◽  
Author(s):  
C. Katrakilidis ◽  
P. Tsaliki
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Government Expenditures ◽  
Economic Output ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Recent Developments ◽  
Short Run ◽  
Greek Economy ◽  
Using Data

The purpose of this paper is the empirical testing of the relationship between economic growth and government spending and, at the same time, to determine the extent to which economic growth causes growth in government expenditures (Wagner’s law) or the other way around (Keynesian hypothesis). The econometric analysis, using data for the Greek economy covering the period 1958–2004 and based on recent developments in the theory of cointegrated processes, reveals a long-run equilibrium relationship between government expenditures and economic output. Furthermore, the analysis detects causal effects in both the short-run and long-run horizon running from government expenditures to the level of economic activity and vice versa.

scholarly journals R Effects of Energy Consumption on GDP: New Evidence of 24 Countries on Their Natural Resources and Production of Electricity

Ekonomika ◽  
2020 ◽  
Vol 99 (1) ◽  
pp. 26-49
Author(s):  
Rabnawaz Khan ◽  
YuSheng Kong
Keyword(s):  
Energy Consumption ◽  
Co2 Emissions ◽  
Granger Causality Test ◽  
Causality Test ◽  
Fossil Energy ◽  
Economic Output ◽  
The Usa ◽  
Short Run ◽  
Per Capita ◽  
New Evidence

Because of rapid economic expansion, China, the USA, and India have become the largest energy producers and sources of CO2 emissions in the world. They burned over 45% of global fuels in 2016. Meanwhile, the developing strategies of 24 polluted states to decrease fossil energy consumption without additional economic output. This paper explores the effect of world top polluted countries’ CO2 emission, their GDP and production of electricity by potential indicators and identifies the basic factors that contribute to changes in an environment where petroleum, natural gas, coal, nuclear, biomass, and other renewable energy and hydroelectric sources are examined with GDP per capita. We estimate our data for the period from 1968 to 2017 and use the GLM model. The results show that more production of electricity is causing abnormal CO2 emissions. The Granger causality test shows that there is a unidirectional relationship between energy consumption and economic advancement. Also, there is a short-run bidirectional causality that exists among the energy indicators. We find a unilateral causality between energy consumption and economic growth. Therefore, the consumption of energy might be conductive of 24 (polluted) countries and better economic development; the consumption of energy may be failsafe and guaranteed, while we should limit the resources of countries.

scholarly journals Do Output Contractions Trigger Democratic Change?

2010 ◽  
Vol 2 (4) ◽  
pp. 124-157 ◽  
Author(s):  
Paul J Burke ◽  
Andrew Leigh
Keyword(s):  
Economic Growth ◽  
Institutional Change ◽  
Commodity Prices ◽  
Weather Shocks ◽  
Rapid Economic Growth ◽  
Growth Increase ◽  
Adverse Weather ◽  
Democratic Change ◽  
Short Run ◽  
Using Data

Does faster economic growth increase pressure for democratic change, or reduce it? Using data for 154 countries for the period 1963–2007, we examine the short-run relationship between economic growth and moves toward and away from greater democracy. To address the potential endogeneity of economic growth, we use variation in precipitation, temperatures, and commodity prices as instruments for a country's rate of economic growth. Our results indicate that more rapid economic growth reduces the short-run likelihood of institutional change toward democracy. Output contractions due to adverse weather shocks appear to have a particularly important impact on the timing of democratic change. (JEL D72, E23, E32, O11, O17, O47)

Electricity consumption and economic growth in ASEAN

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.

scholarly journals Economic Development, CO2 Emissions and Energy Use Nexus-Evidence from the Danube Region Countries

Energies ◽  
2021 ◽  
Vol 14 (11) ◽  
pp. 3165
Author(s):  
Eva Litavcová ◽  
Jana Chovancová
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Carbon Emissions ◽  
Bounds Testing ◽  
Mutual Cooperation ◽  
Long Run ◽  
Short Run ◽  
Danube Region ◽  
The Impact

The aim of this study is to examine the empirical cointegration, long-run and short-run dynamics and causal relationships between carbon emissions, energy consumption and economic growth in 14 Danube region countries over the period of 1990–2019. The autoregressive distributed lag (ARDL) bounds testing methodology was applied for each of the examined variables as a dependent variable. Limited by the length of the time series, we excluded two countries from the analysis and obtained valid results for the others for 26 of 36 ARDL models. The ARDL bounds reliably confirmed long-run cointegration between carbon emissions, energy consumption and economic growth in Austria, Czechia, Slovakia, and Slovenia. Economic growth and energy consumption have a significant impact on carbon emissions in the long-run in all of these four countries; in the short-run, the impact of economic growth is significant in Austria. Likewise, when examining cointegration between energy consumption, carbon emissions, and economic growth in the short-run, a significant contribution of CO2 emissions on energy consumptions for seven countries was found as a result of nine valid models. The results contribute to the information base essential for making responsible and informed decisions by policymakers and other stakeholders in individual countries. Moreover, they can serve as a platform for mutual cooperation and cohesion among countries in this region.

scholarly journals Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis

2017 ◽  
Vol 63 ◽  
pp. 199-212 ◽  
Author(s):  
Muhammad Shahbaz ◽  
Thi Hong Van Hoang ◽  
Mantu Kumar Mahalik ◽  
David Roubaud
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
New Evidence

scholarly journals Is Energy a Requirement for, or a Consequence of Economic Growth in Mauritius?

2020 ◽  
Author(s):  
HArris Neeliah ◽  
Boopen SEETANAH
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Voluntary Contraction ◽  
Net Energy ◽  
Omitted Variables ◽  
Production Models ◽  
Long Run ◽  
Short Run ◽  
Growth Production ◽  
Dynamic Time

Abstract The non-reproducible nature of energy, coupled to its essentiality either as a direct or an intermediary input, makes it a crucial factor of production. We posit that it is, a complement to capital and labor and should be included in growth production models. Mauritius is a net energy importer, hence information about the nexus between energy consumption and economic growth is central to policy-making. This paper attempts to analyze this relationship for Mauritius within a multivariate framework over the period 1961 to 2019. The work adopts a dynamic time series framework (VECM approach) to account for dynamism, causality, endogeneity and omitted variables. Empirical results reveal long-run and short-run elasticities of energy consumption on economics growth of 0.33 and 0.17 respectively, thus giving credence to the thesis that energy is an important growth determinant in Mauritius. We also uncovered bi-directional causality between energy consumption and economic growth in both the long-run and the short-run. Therefore, unexpected and/ or voluntary contraction in either economic growth or energy consumption could result in a ‘feedback effect’ and dent either.JEL: Q4, O1

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