Income and Energy Consumption in Asia A Panel Cointegration Analysis with Common Factors

2017 ◽  
Author(s):  
Roselyne Joyeux ◽  
Ronald D. Ripple ◽  
Raymond Li
Keyword(s):  
Energy Consumption ◽  
Common Factors ◽  
Panel Cointegration ◽  
Cointegration Analysis

scholarly journals Does Renewable Energy Matter for Economic Growth in Central and Eastern European Countries? Empirical Evidence from Heterogeneous Panel Cointegration Analysis

2021 ◽  
Vol 31 (1) ◽  
pp. 34-59
Author(s):  
Olimpia Neagu ◽  
Cristian Haiduc ◽  
Andrei Anghelina
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Empirical Evidence ◽  
Panel Cointegration ◽  
Cointegration Analysis ◽  
Eastern European ◽  
Renewable Energy Consumption ◽  
Eastern European Countries ◽  
Heterogeneous Panel

AbstractThe aim of the paper is to provide empirical evidence in support of the relationship between renewable energy consumption and economic growth in eleven Central and Eastern European (CEE) countries over the period 1995-2015 within a multivariate panel data analysis. Based on World Bank data, the panel cointegration analysis reveals that renewable energy consumption and economic growth are positively associated in the long run in CEE countries. The heterogeneous panel causality test indicates a bi-directional causality relationship in support of the feedback hypothesis between economic growth and renewable energy consumption in Central and Eastern European countries.

scholarly journals Energy and economic growth in G20 countries: Panel cointegration analysis

2020 ◽  
Vol 9 (2) ◽  
pp. 56 ◽  
Author(s):  
Aynur Pala
Keyword(s):  
Economic Growth ◽  
Global Warming ◽  
Energy Consumption ◽  
Energy Demand ◽  
Panel Cointegration ◽  
Cointegration Analysis ◽  
Vector Error Correction ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Dynamic Ols

Rising economic performance has enlarged energy demand, carbon emissions and global warming. Policymakers need to avoid global warming. Therefore, energy-growth nexus is important. This paper empirically investigates the relationship between energy consumption and economic growth for a panel of G20 countries over the period 1990-2016. For this purpose, the paper considers the panel cointegration and panel vector error correction model. Panel cointegration test set out a long-run equilibrium relationship. Long-run relationship is estimated using a Fully Modified OLS (FMOLS) and Dynamic OLS (DOLS). The results show that causality run from energy consumption to GDP. It is indicates that “growth hypothesis” is valid for G20 countries.

Export-led Growth Hypothesis in MINT Countries: A Panel Cointegration Analysis

2017 ◽  
Author(s):  
Harun Bal ◽  
Shahanara Basher ◽  
Abdulla Hil Mamun ◽  
Emrah Akça
Keyword(s):  
Economic Growth ◽  
Large Population ◽  
Panel Cointegration ◽  
Secondary Data ◽  
Capital Formation ◽  
Cointegration Analysis ◽  
Promotion Strategy ◽  
Key Factor ◽  
Good Number ◽  
Growth Hypothesis

The contribution of exports to GDP in MINT countries that improve substantially just after their implantation of export promotion strategy in the late 1980s raises the issue of whether the growth in these countries is led by export or not. While a good number of studies have been found investigating whether economic growth is promoted by exports for developing countries having an outstanding share of export in GDP, no study investigating the export-led growth hypothesis for MINT countries has been found until recent times. The main purpose of this study is to fill up the void. The study employs panel cointegration technique with an aim to examine whether the export is the key factor of economic growth for MINT countries employing yearly secondary data that covers the period. Results of the study imply that economic growth of these countries is considerably exports driven. Moreover, there is an indication of improvement of efficiency as exports work along with the rise capital formation. As the employment opportunity of an economy is expanded through capital formation, the emerging MINT countries endowed with large population and favorable demographics are expected to become the major exporters with strong GDP growth by being able to attract adequate foreign investment.

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